First reactor at NPP Akkuyu to be launched in 2023 - Turkey, 14 November 2017  |  TPP Brazi operates at full capacity - Romania, 14 November 2017  |  Transgaz recorded 21 % higher profit in the first nine months of 2017 - Romania, 14 November 2017  |  Nuclearelectrica’s net profit doubled in the first nine months of 2017 - Romania, 14 November 2017  |  OKTA achieved EBITDA of 6.7 million euros in the first nine months of 2017 - Macedonia, 14 November 2017  |  Record volume on HUPX PhF market in October - Hungary, 14 November 2017  |  BEH to acquire stake in Alexandroupoli LNG terminal soon - Greece, 14 November 2017  |  Second HPP within Devoll project to be operational in 2019 - Albania, 14 November 2017  |  Electricity consumption increased by 6 % in October - Turkey, 13 November 2017  |  Hidroelectrica to commission new HPP in December - Romania, 13 November 2017  |  Prospex Oil & Gas started drilling on its Suceava concession - Romania, 13 November 2017  |  Electricity consumption decreased by 0.4 % in the first nine months of 2017 - Romania, 13 November 2017  |  Croatia to seek settlement with MOL - Croatia, 13 November 2017  |  Brod oil refinery continues to accumulate losses - Bosnia and Herzegovina, 13 November 2017  |  Drought decreased production of Montenegrin HPPs - Montenegro, 12 November 2017  |  ELEM plans new modernization of REK Bitola - Macedonia, 11 November 2017  |  TUPRAS recorded 235 % higher net profit in Q3 2017 - Turkey, 10 November 2017  |  OMV Petrom rejects accusation of non-paying of obligations to the state - Romania, 10 November 2017  |  Energy Ministry claims that there is enough gas stored for winter season - Romania, 10 November 2017  |  Dutch company wants to install 1 GW in wind farms in Romania - Romania, 10 November 2017

MoU on HPP Buk Bijela project to be signed with Chinese company – Bosnia and Herzegovina, 16 June 2017

The Government of the Republic of Srpska (RS) has adopted a decision on the approval to sign the Memorandum of Understanding (MoU) on the construction of hydropower plant Buk Bijela with Chinese company China National Aero-Technology International Engineering Corporation and tasked Minister of Industry, Energy and Mining Petar Djokic to sign the MoU.
In June 2016, the contract on the concession grant for the construction and operation of 93.52 MW HPP Buk Bijela between the RS Government and the consortium which consists of power utility ERS and its subsidiary “Hidroelekrane na Drini” has been signed. The concession is granted for a period of 50 years and the estimated value of the investment is around 195 million euros. The concession includes the preparatory period of 12 months from the day of contract signing. The preparatory period includes the development of the project documentation and obtaining all necessary permits, followed by the investment of some 21.5 million euros.

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