MVM to acquire Alpiq’s Csepel II power plant – Hungary, 28 October 2016

State-owned Hungarian Electricity Works (MVM) and Swiss energy company Alpiq have agreed the sale of Alpiq’s 403 MW gas-fired combined cycle power plant Csepel II in the southern district of the Hungarian capital Budapest. The contract has not been signed yet, but Alpiq plans to complete the sale by the end of the year. In […]

Annual oil output at Prinos surpassed 1 million barrels – Greece, 28 October 2016

Energean Oil & Gas announced that an annual oil production level at Prinos area has surpassed one million barrels so far in 2016, which is the first time since 2001. The company’s technical advisor Konstantinos Nikolaou said that Energean’s plan is to conduct the first round of its hydrocarbons drilling activities at Ioannina onshore block […]

HROTE to hold yearly auctions for the sale of electricity from eligible RES producers – Croatia, 28 October 2016

In accordance with the Law on renewable energy sources and high efficiency cogeneration, from 1 January 2017 Croatian energy market operator HROTE will sell purchased electricity from eligible RES producers on the electricity market. After the approval of the Rules of the sale of electricity by the relevant Ministry, HROTE will organize yearly auctions for […]