Eurohold’s buyout bids for CEZ Distribution, CEZ Electro suspended – Bulgaria, 31 August 2021

The Bulgarian financial regulator said that it has temporarily suspended the publication of buyout bids by Eurohold’s wholly owned subsidiary Eastern European Electric Company for 33 % stakes in CEZ Distribution Bulgaria and CEZ Electro, without providing further detail regarding its decision. In early August, Eurohold said that it plans to acquire the remaining 33 […]

Electricity production reached 3,225 GWh in June – Bulgaria, 30 August 2021

According to Bulgarian National Statistical Institute, production of electricity in June 2021 decreased by 3.5 %, compared to May, to 3,225 GWh, while consumption of electricity rose by 3.1 % on monthly basis and amounted to 2,523 GWh. Consumption of natural gas in June 2021 decreased by 1.7 % and a Full article available for […]

Croatian company to pay 10.5 million euros over failed Trusina wind farm project – Bosnia and Herzegovina, 31 August 2021

Croatian company Kermas Energy will have to pay over 10.5 million euros to Serbian company Omega Plus over the failed project for the construction of Trusina wind farm near Nevesinje. The two companies established a joint venture Eol Prvi, which has obtained the concession for the 51 MW wind farm Full article available for subscribers […]