Energy News in Southeast Europe two issues per …2 Balkan Energy NEWS, e-journal Issue No: 2010-IX/1 - issue covers period 1.9.2010-15.9.2010Issue No: 2007-III/1 tions in Livno »

Actual data » Power sector operational and market data for the period of

16.08.-31.08.2010. » ATC auctions for Balkan region » Forecasted weather conditions for the following period

§ § §

Analysis:

» Coal mining in Balkan countries

§ § §

News headlines

Region » Romania and Bulgaria mulls joint energy projects » Four-state declaration on supporting the AGRI project

Albania » Albania to invest 400 million EUR in transmission » Electricity price hike » Oil pipeline to be finished in 2011

Bosnia and Herzegovina: » ERS: EPCG cannot build HPP Risan without approval of ERS » Alpiq presented plans for construction of unit 7 in TPP

Tuzla » EP BiH to invest 28 million euros in electricity distribution

grid » EP BiH to take part in the tender for wind farms near

Mostar » Gazprom Neft presented project for hydrocarbon explora-

All rights reserved by Balkan Energy Solutions Team. No part of this pub-lication may be reproduced, redistributed, or in any other way copied as a whole or partially without written permission of Balkan Energy Solu-tions Team. This includes internal distribution.

Balkan Energy Solutions Team does not warranty the accuracy of the published data contained in this document, although Balkan Energy Solutions Team did great efforts to collect the data from the respectable and accurate sources.

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Issue No: 2007-III/1Balkan Energy NEWS, e-journal Issue No: 2010-IX/1 - issue covers period 1.9.2010-15.9.2010

tions in Livno » Preparation works for HPP Vranduk started » Republic of Srpska wants to join South stream project

Bulgaria: » Bulgargaz proposes 1.36 % decline in natural gas price in

Q4 » CEZ to pay 21 million euros of dividends to the state » Enel to sell TPP Maritsa Iztok 3 this fall » Government to demand extension of operation licenses

for NPP Kozloduy » EVN started construction of cogeneration power plant in

Plovdiv » Russia proposed to provide 100 % funding for oil pipeline

Burgas-Alexandropoulos

Croatia: » INA acquired 210 million euros loans for modernization

projects » Energy park to be built near Obrovac » E.ON Ruhrgas mulls entering the local market » INA to layoff 1,500 employees

Greece » Mytilineos to supply PPC with LNG (Greece) » RAE approved 840 MW in renewable projects » PPC to buy wind farms » Conergy to build PV power plant

Macedonia » Minister Besimi – Macedonia could be connected to

Nabucco » NEW PV power plant to be built in Demir Hisar » 12 employees from Bitola accused for finance abuse

Montenegro: » Draft concession act for HPPs on Moraca River approved » EPCG to import 1.1 TWh of electricity in 2011 » Construction of wind farm Krnovo to start in July 2011 » Government to publish invitation for hydrocarbon explo-

rations on mainland » Energy regulator: electricity prices lower by 12.9 % in H1

Romania: » CEZ suspended works in wind farm Cogealac » Hidroelectrica posted 48 % rise in profit in January-July » Transelectrica to invest 250 million euros in Dobrogea

region » ButanGas to put in service 25 MW wind farm in January

2011 » Gazprom: Romania confirmed interest in South stream

project

» Hidroelectrica doubled deliveries on power exchange

Serbia: » EPS signed 40 million euros loan with EBRD » Government: no increase in electricity prices in 2010 » TPP Kostolac B put in service new coal ash transportation

system » Start of construction of regional natural gas pipelines » EPS produced 23.9 TWh in period January-August » Government considers increase in natural gas prices » Feasibility study for South stream project to be completed

soon

§ § §

Tenders: (Electricity, Nuclear, Oil and gas, Wind)

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Power exchanges data:

Bosnia and Herzegovina: Electricity production in last 15 days (MWh)

Bosnia and Herzegovina: Electricity consumption in last 15 days (MWh)

Bosnia and Herzegovina: Electricity expots in last 15 days (MWh)

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 241.9.2010 1079 1035 1033 1008 1013 1024 1098 1240 1350 1424 1439 1432 1446 1447 1469 1458 1421 1380 1451 1512 1619 1520 1384 12092.9.2010 1043 1011 1012 1000 993 1008 1095 1248 1363 1422 1421 1425 1441 1429 1473 1454 1434 1392 1408 1511 1580 1520 1357 12093.9.2010 1108 1035 1015 1019 1009 1009 1124 1274 1377 1424 1421 1467 1471 1448 1495 1482 1449 1424 1454 1583 1637 1554 1369 12334.9.2010 1040 1002 972 984 977 997 1076 1181 1310 1367 1352 1387 1392 1370 1409 1408 1386 1371 1382 1474 1544 1480 1305 11535.9.2010 1070 1000 996 991 1004 991 1021 1065 1164 1307 1326 1357 1365 1345 1332 1311 1288 1290 1354 1444 1516 1453 1279 11486.9.2010 1022 997 996 991 996 1003 1087 1255 1350 1384 1379 1494 1518 1517 1455 1444 1453 1452 1490 1578 1580 1489 1325 11827.9.2010 1075 1022 1034 1036 1026 1032 1184 1336 1411 1459 1467 1464 1473 1486 1516 1499 1488 1480 1530 1619 1681 1596 1438 12678.9.2010 1078 994 960 983 990 998 1136 1421 1453 1485 1506 1499 1511 1520 1553 1536 1537 1540 1553 1648 1686 1640 1442 12829.9.2010 1077 972 885 882 873 899 1147 1307 1337 1346 1266 1314 1313 1275 1286 1252 1240 1239 1248 1418 1459 1399 1232 110410.9.2010 1041 979 969 961 970 992 1112 1271 1369 1443 1464 1453 1451 1462 1431 1438 1416 1412 1463 1556 1562 1448 1327 116511.9.2010 1060 970 933 942 951 942 1084 1208 1334 1429 1456 1444 1420 1434 1434 1413 1366 1367 1400 1524 1532 1479 1312 116012.9.2010 1068 998 960 934 912 917 981 1065 1230 1348 1419 1444 1431 1371 1341 1321 1317 1307 1338 1506 1585 1495 1342 117713.9.2010 1025 961 899 907 915 949 1184 1371 1456 1508 1516 1516 1518 1513 1532 1505 1465 1427 1467 1652 1684 1575 1408 118914.9.2010 1050 968 953 909 912 945 1153 1314 1431 1437 1449 1448 1467 1422 1469 1436 1431 1397 1419 1603 1615 1512 1361 116115.9.2010 1027 934 911 904 910 952 1134 1272 1412 1438 1430 1401 1399 1382 1416 1418 1427 1394 1438 1533 1608 1515 1301 1163Average: 1058 992 969 963 963 977 1108 1255 1356 1415 1421 1436 1441 1428 1441 1425 1408 1391 1426 1544 1593 1512 1345 1187

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 241.9.2010 1073 974 963 975 970 982 1065 1237 1347 1413 1408 1386 1393 1393 1430 1440 1386 1347 1394 1476 1571 1465 1332 11912.9.2010 1065 979 956 986 965 980 1056 1228 1346 1403 1404 1398 1396 1401 1449 1420 1390 1359 1395 1503 1593 1503 1335 11913.9.2010 1067 984 938 982 971 973 1058 1242 1334 1383 1376 1414 1407 1384 1432 1427 1387 1368 1401 1516 1582 1478 1332 12104.9.2010 1075 1011 961 1006 979 987 1030 1192 1322 1399 1395 1413 1416 1404 1442 1436 1395 1385 1398 1492 1570 1465 1308 11715.9.2010 1070 991 954 979 965 925 953 1036 1199 1319 1349 1358 1356 1355 1321 1302 1309 1327 1394 1497 1560 1465 1295 11716.9.2010 1040 969 938 956 954 969 1084 1254 1355 1401 1380 1427 1440 1425 1452 1438 1426 1435 1489 1575 1580 1487 1332 11977.9.2010 1062 995 960 995 987 1014 1123 1282 1384 1418 1421 1418 1406 1426 1464 1453 1431 1426 1480 1615 1655 1547 1411 12508.9.2010 1110 1008 967 1019 1011 1027 1123 1315 1423 1459 1466 1464 1466 1476 1522 1529 1512 1501 1542 1686 1711 1635 1478 13179.9.2010 1154 1053 968 951 956 1058 1220 1390 1391 1396 1252 1337 1316 1273 1276 1253 1244 1232 1259 1417 1440 1371 1260 113110.9.2010 1045 960 930 908 911 951 1047 1215 1322 1400 1410 1417 1372 1381 1379 1400 1385 1370 1430 1511 1498 1382 1302 116811.9.2010 1069 977 943 923 920 939 991 1133 1274 1358 1398 1340 1348 1361 1378 1361 1351 1326 1377 1503 1483 1401 1283 117212.9.2010 1083 1005 963 926 916 945 971 1065 1221 1341 1397 1392 1382 1342 1320 1292 1275 1271 1300 1515 1576 1466 1298 115613.9.2010 1016 964 906 892 908 977 1117 1294 1410 1469 1451 1440 1436 1407 1448 1439 1411 1374 1380 1571 1586 1476 1311 116814.9.2010 1081 1007 980 953 965 1007 1145 1312 1425 1439 1442 1438 1450 1415 1473 1447 1425 1403 1430 1615 1604 1506 1371 120815.9.2010 1101 1001 964 955 967 1016 1171 1316 1426 1442 1434 1413 1429 1419 1452 1440 1419 1366 1402 1604 1654 1545 1349 1209Average: 1074 992 953 960 956 983 1077 1234 1345 1403 1399 1404 1401 1391 1416 1405 1383 1366 1405 1540 1578 1479 1333 1194

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 241.9.2010 6 61 70 33 43 42 33 3 3 11 31 46 53 54 39 18 35 33 57 36 48 55 52 182.9.2010 -22 32 56 14 28 28 39 20 17 19 17 27 45 28 24 34 44 33 13 8 -13 17 22 183.9.2010 41 51 77 37 38 36 66 32 43 41 45 53 64 64 63 55 62 56 53 67 55 76 37 234.9.2010 -35 -9 11 -22 -2 10 46 -11 -12 -32 -43 -26 -24 -34 -33 -28 -9 -14 -16 -18 -26 15 -3 -185.9.2010 0 9 42 12 39 66 68 29 -35 -12 -23 -1 9 -10 11 9 -21 -37 -40 -53 -44 -12 -16 -236.9.2010 -18 28 58 35 42 34 3 1 -5 -17 -1 67 78 92 3 6 27 17 1 3 0 2 -7 -157.9.2010 13 27 74 41 39 18 61 54 27 41 46 46 67 60 52 46 57 54 50 4 26 49 27 178.9.2010 -32 -14 -7 -36 -21 -29 13 106 30 26 40 35 45 44 31 7 25 39 11 -38 -25 5 -36 -359.9.2010 -77 -81 -83 -69 -83 -159 -73 -83 -54 -50 14 -23 -3 2 10 -1 -4 7 -11 1 19 28 -28 -2710.9.2010 -4 19 39 53 59 41 65 56 47 43 54 36 79 81 52 38 31 42 33 45 64 66 25 -311.9.2010 -9 -7 -10 19 31 3 93 75 60 71 58 104 72 73 56 52 15 41 23 21 49 78 29 -1212.9.2010 -15 -7 -3 8 -4 -28 10 0 9 7 22 52 49 29 21 29 42 36 38 -9 9 29 44 2113.9.2010 9 -3 -7 15 7 -28 67 77 46 39 65 76 82 106 84 66 54 53 87 81 98 99 97 2114.9.2010 -31 -39 -27 -44 -53 -62 8 2 6 -2 7 10 17 7 -4 -11 6 -6 -11 -12 11 6 -10 -4715.9.2010 -74 -67 -53 -51 -57 -64 -37 -44 -14 -4 -4 -12 -30 -37 -36 -22 8 28 36 -71 -46 -30 -48 -46Average: -17 0 16 3 7 -6 31 21 11 12 22 33 40 37 25 20 25 25 22 4 15 32 12 -7

Bosnia and Herzegovina: Average hourly export in last 15 days

-20

-10

0

10

20

30

40

50

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

Hour

MW

h

Bosnia and Herzegovina: Average consumption and production in last 15 days

0

200

400

600

800

1000

1200

1400

1600

1800

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

Hour

MW

h

ProductionConsumption

6


Romania: Electricity consumption in last 15 days (MWh)

Romania: Electricity net export in last 15 days (MWh)

Montenegro: Electricity export in last 15 days (MWh)

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 241.9.20102.9.2010 4941 4753 4645 4599 4598 4735 4909 5364 5835 6027 6093 6124 6174 6224 6128 6002 5900 5857 5786 5923 6413 6431 5860 53373.9.2010 5043 4807 4668 4631 4640 4771 4946 5396 5838 6049 6100 6088 6094 6089 5943 5829 5723 5666 5647 5817 6359 6377 5884 53434.9.2010 4989 4794 4716 4662 4664 4702 4649 4766 5053 5265 5390 5419 5428 5357 5291 5241 5240 5239 5240 5454 5999 6026 5605 51325.9.2010 4791 4553 4439 4381 4331 4330 4243 4222 4467 4641 4766 4796 4775 4745 4646 4619 4598 4647 4714 4919 5650 5725 5281 48376.9.2010 4546 4359 4269 4185 4215 4354 4601 5165 5670 5965 6061 6079 6098 6144 6050 5907 5842 5778 5719 5842 6468 6470 5874 53997.9.2010 5058 4869 4742 4702 4709 4822 5057 5445 5928 6167 6215 6236 6265 6314 6271 6159 6063 5958 5879 5973 6560 6511 5915 53948.9.2010 5160 4960 4856 4838 4837 4962 5119 5549 5982 6142 6161 6163 6160 6187 6079 5955 5832 5769 5738 5954 6577 6532 5985 55149.9.2010 5158 4948 4827 4779 4779 4944 5133 5614 6048 6231 6278 6281 6310 6360 6317 6193 6127 6031 5960 6154 6748 6712 6158 553110.9.2010 5197 4982 4886 4802 4829 5006 5144 5648 6203 6462 6534 6572 6594 6582 6485 6352 6271 6180 6125 6247 6769 6723 6136 557411.9.201012.9.2010 4939 4699 4573 4496 4477 4507 4407 4427 4676 4852 4941 4981 5000 4970 4882 4804 4783 4782 4881 5247 5974 5901 5399 501113.9.2010 4621 4409 4341 4321 4350 4484 4788 5318 5852 6066 6133 6112 6130 6209 6135 6023 5928 5873 5836 6116 6768 6601 6044 550714.9.2010 5101 4889 4772 4746 4765 4934 5145 5608 5943 5975 5992 6025 6042 6073 5994 5881 5787 5742 5767 6092 6639 6524 5997 550915.9.2010 5106 4921 4801 4772 4783 4961 5245 5667 6081 6218 6217 6226 6237 6315 6257 6120 6046 5950 5953 6198 6810 6652 6074 5519Average: 4973 4765 4657 4609 4614 4732 4876 5245 5660 5851 5914 5931 5947 5967 5883 5776 5703 5652 5634 5841 6441 6399 5862 5354

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 241.9.20102.9.2010 762 762 762 773 821 781 925 890 916 915 914 915 919 921 923 923 922 922 919 910 907 918 825 7943.9.2010 658 659 659 660 658 672 879 879 897 900 900 902 903 904 904 905 904 905 904 882 879 891 792 7694.9.2010 710 710 692 692 691 709 800 801 813 812 811 813 810 773 772 772 771 771 823 777 761 822 811 7065.9.2010 630 632 632 633 633 634 707 680 678 713 713 711 712 691 691 691 691 690 712 700 714 723 687 6216.9.2010 638 626 626 646 644 629 828 812 834 844 842 844 845 845 846 849 849 848 846 835 807 818 660 6147.9.2010 625 583 619 582 580 616 848 850 847 846 846 848 849 850 852 853 853 853 850 836 836 846 625 6238.9.2010 502 488 476 472 470 484 838 821 828 827 827 828 829 829 831 833 832 833 828 804 806 820 586 5609.9.2010 534 535 536 506 503 529 860 817 838 837 837 839 839 841 842 844 844 844 839 824 801 814 693 57710.9.2010 535 543 507 518 524 592 833 817 843 842 841 844 845 846 847 848 847 843 839 833 832 839 693 57511.9.201012.9.2010 610 611 612 612 611 612 722 698 685 685 685 681 682 687 687 687 686 682 678 676 679 707 592 58613.9.2010 611 575 596 612 610 605 838 812 838 837 836 838 838 838 839 841 841 841 835 821 795 808 588 58614.9.2010 493 495 495 495 493 518 787 780 830 839 839 842 833 834 818 819 817 816 838 802 780 788 589 58415.9.2010 387 390 390 330 303 321 694 758 830 812 812 833 814 825 815 834 833 832 834 772 780 802 602 569Average: 513 507 507 502 503 513 704 694 712 714 714 716 715 712 711 713 713 712 716 698 692 706 583 544

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 241.9.2010 -198 -202 -194 -190 -170 -173 -187 -232 -253 -119 -21 -74 -138 -247 -251 -242 -231 -234 -259 -189 -200 -189 -244 -2392.9.2010 -99 -119 -107 -82 -94 -101 -139 -210 -226 -218 -252 -245 -232 -220 -203 -212 -168 -140 -144 -125 -84 -131 -130 -1373.9.2010 -199 -190 -186 -165 -164 -172 -174 -209 -234 -238 -233 -193 -170 -204 -246 -248 -236 -252 -189 -73 -96 -98 -245 -2234.9.2010 -200 -190 -195 -178 -170 -190 -196 -231 -275 -244 -109 -107 -133 -199 -246 -189 -91 -131 -125 -62 -50 -145 -123 -1365.9.2010 -201 -194 -191 -180 -174 -197 -201 -228 -254 -220 -88 -80 -121 -167 -237 -265 -256 -250 -254 -42 -20 11 -79 -1656.9.2010 -245 -218 -241 -271 -239 -207 -153 -5 128 30 -51 -23 71 69 -5 -202 -269 -244 -92 53 -7 -95 -282 -2637.9.2010 -178 -145 -164 -170 -169 -168 -169 -210 -237 -243 -244 -241 -220 -181 -211 -252 -245 -236 -229 -6 -74 -155 -258 -2388.9.2010 -198 -167 -167 -158 -159 -173 -183 -221 -242 -246 -228 -238 -173 -239 -202 -244 -249 -252 -273 -208 -177 -321 -449 -4259.9.2010 -402 -365 -349 -330 -320 -338 -374 -421 -386 -372 -381 -300 -345 -330 -447 -439 -433 -437 -396 -260 -333 -391 -414 -41110.9.2010 -374 -347 -331 -325 -323 -331 -358 -402 -425 -376 -365 -364 -386 -373 -370 -368 -361 -367 -312 -106 -153 -294 -327 -30711.9.2010 -289 -297 -294 -286 -282 -333 -284 -260 -225 -200 -132 -212 -204 -204 -204 -191 -195 -229 -219 64 80 -28 -161 -21912.9.2010 -195 -170 -179 -177 -167 -171 -179 -210 -241 -122 -31 70 -28 -47 -187 -256 -240 -232 -177 53 75 -113 -225 -22413.9.2010 -194 -149 -161 -152 -148 -158 -159 -137 -119 -127 -126 -146 -146 -153 -184 -230 -228 -221 -105 69 -14 -161 -227 -21914.9.2010 -180 -170 -175 -162 -172 -169 -186 -220 -240 -246 -234 -225 -225 -223 -157 -149 -220 -222 -142 74 55 -2 -105 -13815.9.2010 -98 -171 -182 -162 -170 -171 -192 0 74 81 86 76 74 75 43 -28 -20 -21 33 60 55 39 -95 -223Average: -217 -206 -208 -199 -195 -203 -209 -213 -210 -191 -161 -153 -158 -176 -207 -234 -229 -231 -192 -47 -63 -138 -224 -238

Romania: Average consumption in last 15 days

0

1000

2000

3000

4000

5000

6000

7000

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

MW

h

Romania: Average hourly net export in last 15 days

0

100

200

300

400

500

600

700

800

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

MW

h

7


Greece: Electricity consumption in last 15 days (MWh)

Greece: System Marginal Prices in last 15 days

Montenegro: Electricity exports in last 15 days per border (MWh)

1.9.2010 2.9.2010 3.9.2010 4.9.2010 5.9.2010 6.9.2010 7.9.2010 8.9.2010 9.9.2010 10.9.2010 11.9.2010 12.9.2010 13.9.2010 14.9.2010 15.9.2010Montenegro - Albania 2731 2652 3001 3194 3301 -3947 2828 3069 3021 2655 3478 3735 3121 2770 3203Montenegro - BiH -4164 -5255 -5296 -5153 -4518 1140 -5192 -6981 -7263 -6013 -5449 -5447 -3601 -2985 -2149Montenegro - Serbia -6913 -2544 -5909 -3522 -5643 831 -4690 -3025 -7483 -7758 -5183 -3304 -6261 -7128 -4418Total -8346 -5147 -8204 -5481 -6860 -1976 -7054 -6937 -11725 -11116 -7154 -5016 -6741 -7343 -3364

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 241.9.2010 6310 5840 5600 5400 5320 5320 5520 5960 6800 7560 7850 8070 8200 8200 7950 7600 7380 7330 7300 7300 7840 7800 7200 67002.9.2010 5730 5330 5080 4950 4900 4930 5160 5680 6400 6950 7200 7400 7500 7550 7220 6850 6700 6750 6850 6900 7450 7300 6700 61803.9.2010 5600 5220 4990 4840 4820 4870 5100 5600 6250 6850 7100 7330 7480 7410 7050 6700 6500 6570 6650 6800 7400 7200 6500 60504.9.2010 5700 5300 5040 4880 4820 4800 4780 4970 5580 6200 6550 6800 6950 6930 6540 6200 6050 6000 6040 6150 6750 6650 6300 59305.9.2010 5380 5000 4730 4560 4480 4450 4390 4380 4760 5240 5700 6070 6260 6200 5800 5500 5400 5400 5450 5800 6400 6330 6080 57006.9.2010 5252 4818 4585 4464 4444 4505 4848 5353 6161 6838 7070 7272 7444 7424 7121 6605 6393 6363 6464 6504 7171 7070 6363 59597.9.2010 5330 4980 4720 4580 4550 4620 4950 5560 6240 6850 7100 7270 7370 7350 7030 6700 6510 6530 6660 6940 7500 7100 6480 61008.9.2010 5430 5040 4800 4680 4630 4700 5030 5530 6200 6780 7000 7180 7320 7330 7060 6640 6370 6380 6460 6790 7330 7130 6480 59509.9.2010 5640 5190 4920 4800 4750 4820 5120 5630 6250 6850 7140 7350 7540 7560 7260 6790 6540 6650 6840 7000 7650 7300 6600 620010.9.2010 5520 5150 4890 4760 4700 4770 5030 5530 6220 6830 7100 7300 7430 7440 7180 6780 6530 6610 6720 6970 7570 7280 6580 618011.9.2010 5380 5000 4740 4590 4530 4520 4580 4790 5320 5910 6270 6510 6680 6650 6260 5860 5690 5720 5850 6220 6590 6470 5930 548012.9.2010 5060 4690 4390 4230 4170 4150 4130 4180 4530 5000 5470 5860 6040 5900 5400 5040 4920 4980 5200 5700 6200 6270 5830 536013.9.2010 4860 4460 4210 4110 4100 4200 4560 5220 5910 6480 6680 6880 7000 7030 6770 6310 6000 5980 6110 6570 7010 6860 6180 562014.9.2010 5150 4760 4520 4400 4350 4430 4750 5250 5850 6420 6700 6910 7110 7110 6760 6340 6110 6210 6400 6570 7260 6880 6210 583015.9.2010 5170 4720 4480 4380 4370 4450 4840 5390 5980 6420 6600 6780 6960 6980 6740 6310 6070 6090 6160 6520 7250 6940 6240 5720Average: 5434 5033 4780 4642 4596 4636 4853 5268 5897 6479 6769 6999 7152 7138 6809 6415 6211 6238 6344 6582 7158 6972 6378 5931

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 241.9.2010 54.70 39.78 36.93 36.64 36.58 36.57 36.63 49.74 86.60 54.67 62.00 62.00 62.00 95.51 62.00 62.00 86.60 95.50 62.00 54.66 69.38 69.37 54.72 54.672.9.2010 49.77 37.10 36.56 35.97 35.81 35.97 36.47 38.41 69.26 54.66 54.73 54.81 54.81 54.81 54.75 54.65 54.71 69.34 69.32 54.67 69.40 82.10 69.40 54.663.9.2010 54.59 38.43 36.88 35.95 36.61 36.60 36.90 54.59 85.51 95.50 70.03 82.10 69.97 54.67 54.72 54.69 54.64 54.66 54.68 54.73 54.66 82.10 54.65 49.774.9.2010 36.93 36.97 36.55 35.94 35.76 35.75 35.59 35.96 37.18 39.71 39.78 49.80 49.83 49.82 49.78 49.77 37.79 37.11 37.17 40.60 54.68 49.79 49.80 36.905.9.2010 37.17 36.90 36.40 35.93 35.61 35.61 35.32 35.03 35.32 36.62 37.87 37.24 37.86 37.98 37.26 36.69 36.65 36.66 37.16 54.73 54.66 54.72 40.51 38.506.9.2010 36.57 35.92 35.22 35.02 32.86 32.23 35.02 37.20 54.63 54.67 54.72 69.39 69.34 54.68 69.40 69.43 69.39 69.38 54.70 54.69 54.74 69.40 69.38 49.727.9.2010 36.58 35.96 35.43 35.00 34.89 35.25 35.94 37.89 54.66 54.68 54.74 54.71 54.67 54.68 54.72 54.65 54.68 54.67 54.65 54.70 54.66 54.74 69.38 54.638.9.2010 40.59 38.41 37.08 37.06 36.90 37.07 36.96 41.00 54.65 54.67 54.72 54.75 54.69 54.69 54.73 54.65 54.69 54.69 54.69 54.67 54.69 54.74 54.68 49.739.9.2010 49.72 36.90 36.45 35.94 35.92 35.94 36.58 37.88 49.79 54.58 54.75 54.68 54.67 54.67 49.84 49.79 39.78 49.77 49.80 54.72 54.69 54.70 49.78 49.7810.9.2010 36.95 36.65 36.45 36.43 35.93 36.37 36.41 36.95 54.56 54.68 54.74 54.70 54.65 54.65 49.87 38.56 37.80 49.78 49.78 54.61 54.67 53.00 39.78 36.8711.9.2010 36.57 35.63 34.94 33.61 33.38 33.25 33.27 34.93 35.99 37.80 37.90 49.80 49.77 49.77 39.75 36.96 36.63 36.88 37.19 49.78 49.78 54.69 38.54 36.5712.9.2010 35.96 35.07 33.41 32.62 32.17 32.17 0.00 0.01 33.46 35.63 36.63 36.65 36.62 36.64 36.58 35.80 35.46 35.79 35.99 36.54 36.61 36.62 36.63 36.5813.9.2010 35.61 34.82 32.82 32.16 32.16 32.74 34.97 36.57 54.49 54.68 54.65 54.69 54.72 54.72 54.67 38.53 36.89 36.89 37.17 54.66 54.72 54.69 40.48 36.4514.9.2010 35.49 33.78 32.82 32.21 0.00 0.01 33.43 35.65 36.65 54.70 54.65 54.70 54.74 54.74 54.66 54.68 37.17 39.74 54.70 40.51 54.72 54.69 54.66 36.6515.9.2010 35.65 33.30 0.00 0.00 0.00 0.00 33.44 35.64 36.64 38.43 37.80 67.33 67.38 37.97 67.32 38.41 36.88 36.94 37.16 38.43 95.51 67.37 67.32 36.56Average: 40.86 36.37 33.20 32.70 30.31 30.37 33.13 36.50 51.96 51.71 50.65 55.82 55.05 53.33 52.67 48.62 47.32 50.52 48.41 50.18 57.84 59.51 52.65 43.87

Montenegro: Average Hourly exports in last 15 days

-250

-200

-150

-100

-50

01 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

Hour

MW

h

Greece: Average hourly consumption in last 15 days

1000

2000

3000

4000

5000

6000

7000

8000

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

Hour

MW

h

Greece: Electricity prices, HTSO

0.00

20.00

40.00

60.00

80.00

100.00

120.00

1.9.

2010

2.9.

2010

3.9.

2010

4.9.

2010

5.9.

2010

6.9.

2010

7.9.

2010

8.9.

2010

9.9.

2010

10.9

.201

011

.9.2

010

12.9

.201

0

13.9

.201

0

14.9

.201

0

15.9

.201

0

EUR

/MW

h

minimal price average price maximal price

8


Opcom, Romania: Prices in last 15 days (EUR/MWh)

Day Energy (06-22h)Base energy (00-24h) Night energy (22-06h)

Opcom, Romania: Prices and quantities in last 15 days (EUR/MWh)

Opcom, Romania: Traded energy in last 15 days (MWh)

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 241.9.2010 1257 1323 1319 1265 1286 1352 1389 1230 1277 1258 1238 1244 1258 1267 1208 1124 1068 1012 966 954 1110 1132 1055 11832.9.2010 1262 1259 1229 1192 1215 1244 1221 1053 1121 1200 1221 1214 1238 1259 1210 1153 1158 1138 1129 1124 1242 1255 1103 12383.9.2010 1266 1145 1145 1155 1154 1190 1203 1083 1155 1246 1233 1280 1309 1353 1296 1222 1180 1140 1107 1084 1187 1189 1042 12014.9.2010 1302 1232 1243 1224 1223 1227 1193 1124 1096 1101 1141 1175 1173 1144 1080 984 947 939 933 1003 1050 1090 1040 11115.9.2010 1086 996 968 950 951 932 911 867 872 887 945 958 969 952 919 912 907 903 893 915 968 974 942 9986.9.2010 900 908 909 922 946 988 1029 875 874 949 1002 1012 1038 1046 1020 948 894 858 809 796 968 897 888 10187.9.2010 1051 1036 985 1002 990 974 1028 967 1004 1047 1062 1074 1113 1116 1068 1007 940 895 855 884 1040 973 899 9518.9.2010 1094 1054 1097 1074 1057 1121 1093 979 1020 1030 1028 1025 1104 1097 1015 965 906 829 816 815 1018 955 882 9679.9.2010 1097 1073 1070 1019 1034 1059 1040 976 1021 1070 1049 1030 1082 1080 1021 959 890 851 836 847 988 1005 909 102610.9.2010 957 939 953 947 958 992 1060 940 935 955 963 948 970 1039 1002 902 879 831 790 800 993 984 938 100111.9.2010 997 970 1017 996 1023 1030 1016 950 925 905 935 935 944 904 869 861 836 829 806 851 907 881 957 88012.9.2010 997 970 1017 996 1023 1030 1016 950 925 905 935 935 944 904 869 861 836 829 806 851 907 881 957 88013.9.2010 894 872 794 811 838 889 943 797 809 907 946 967 1014 1008 987 937 899 860 815 858 966 945 909 98214.9.2010 1010 957 935 912 908 921 923 857 921 1058 1083 1099 1138 1134 1104 1031 975 923 853 922 1045 1007 933 94115.9.2010 1012 851 868 829 862 913 978 944 982 1110 1082 1112 1126 1118 1143 1109 1048 1010 953 1009 1067 1071 997 984Average: 1079 1039 1037 1020 1031 1057 1070 973 996 1042 1058 1067 1095 1095 1054 998 957 923 891 914 1030 1016 963 1024

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 241.9.2010 32.84 35.44 32.84 30.48 30.48 30.48 35.20 40.16 42.76 42.76 42.53 43.24 43.00 42.53 40.05 35.44 33.08 31.90 31.90 31.90 37.57 41.35 25.75 21.262.9.2010 35.21 34.98 31.71 30.28 30.28 30.28 35.21 32.87 39.91 42.26 42.49 42.26 42.49 42.49 42.26 42.26 42.49 42.02 42.26 42.26 44.37 44.49 42.26 37.333.9.2010 49.50 39.64 32.60 31.68 31.68 30.26 35.18 39.87 42.22 46.91 42.92 42.92 43.39 43.86 43.51 43.04 42.45 39.64 39.64 39.64 43.39 43.63 39.87 39.644.9.2010 46.46 42.00 42.00 40.83 39.89 40.83 38.72 38.95 39.89 41.30 42.00 42.00 41.77 41.53 40.60 38.95 37.31 37.31 38.95 39.89 42.00 46.46 40.13 39.665.9.2010 37.15 32.48 28.04 25.70 23.37 23.37 22.90 19.86 31.55 35.05 37.15 37.15 37.15 38.79 35.05 35.05 35.05 35.05 37.15 37.15 38.79 39.72 39.49 37.156.9.2010 36.34 36.34 28.04 23.37 28.04 32.71 40.42 39.72 39.49 40.42 41.36 41.83 42.06 42.76 41.36 39.72 39.49 36.34 36.34 39.49 44.40 42.99 39.72 40.197.9.2010 40.19 30.14 27.81 26.40 23.37 30.14 31.08 39.26 41.83 43.35 43.35 43.35 43.46 43.46 42.29 40.42 39.72 39.72 39.49 41.83 43.58 43.35 39.49 39.498.9.2010 40.22 30.17 23.39 23.39 23.39 23.63 32.51 35.08 41.86 42.80 42.33 41.86 43.03 43.03 41.86 41.86 39.75 35.08 35.08 35.08 43.50 42.80 39.29 39.529.9.2010 40.31 32.39 30.06 27.96 27.96 32.39 32.39 34.95 41.71 43.46 43.34 43.11 43.34 43.34 42.41 41.71 40.78 39.61 39.61 39.61 43.46 43.34 38.45 39.6110.9.2010 34.99 30.09 25.89 23.33 23.09 27.06 30.09 34.99 34.99 39.65 39.65 39.42 39.89 41.75 40.35 37.32 34.99 32.42 30.09 32.42 42.22 41.99 23.33 34.9911.9.2010 41.80 34.80 32.46 32.46 30.83 32.46 29.51 31.76 39.47 39.93 41.86 41.80 41.57 41.57 40.13 38.77 37.13 38.77 39.70 41.57 50.68 51.61 42.04 39.4712.9.2010 35.11 32.77 30.19 23.65 23.41 23.41 23.41 23.41 32.77 34.88 37.22 39.32 39.56 39.56 39.56 37.22 34.88 34.88 34.88 32.77 42.13 43.30 41.90 37.2213.9.2010 38.85 32.77 32.54 32.54 32.54 32.77 35.11 32.77 35.11 42.13 42.13 43.65 42.83 44.00 42.13 41.43 39.79 39.79 35.11 39.79 49.40 46.81 40.49 39.5614.9.2010 39.56 34.88 32.54 32.54 32.54 34.88 35.11 35.11 42.13 45.06 45.17 44.82 45.17 46.81 45.17 44.59 42.13 42.13 41.43 42.13 49.39 45.06 40.49 39.7915.9.2010 38.71 32.61 26.98 25.80 25.80 30.26 32.61 37.53 44.10 47.15 46.92 46.92 46.92 49.03 46.92 45.16 42.93 42.22 42.22 42.22 49.73 46.92 40.58 37.53Average: 39.15 34.10 30.47 28.69 28.44 30.33 32.63 34.42 39.32 41.81 42.03 42.24 42.38 42.97 41.58 40.20 38.80 37.79 37.59 38.52 44.31 44.25 38.22 37.49

1.9.2010 2.9.2010 3.9.2010 4.9.2010 5.9.2010 6.9.2010 7.9.2010 8.9.2010 9.9.2010 10.9.2010 11.9.2010 12.9.2010 13.9.2010 14.9.2010 15.9.2010Base Price 35.62 38.95 40.30 40.81 33.31 38.04 38.19 36.69 38.55 33.96 38.84 34.06 38.92 40.78 40.32Base Quantity 28774 28681 28565 26778 22572 22495 23962 24041 24032 22677 22226 22226 21648 23589 24177Day Price 38.46 41.40 42.01 40.48 34.54 40.51 41.22 39.84 41.01 37.01 40.36 35.61 40.75 43.21 44.34Day Quantity 18735 18937 19266 17176 14750 15016 16073 15695 15744 14992 14356 14356 14658 16072 16860Night Price 29.95 34.04 36.86 41.48 30.84 33.09 32.13 30.38 33.64 27.85 35.79 30.96 35.26 35.90 32.28Night Quatity 10040 9744 9298 9602 7822 7479 7889 8345 8288 7685 7870 7870 6990 7517 7317

OPCOM, Romania - Prices

05

1015

2025

3035

4045

50

1.9.

2010

2.9.

2010

3.9.

2010

4.9.

2010

5.9.

2010

6.9.

2010

7.9.

2010

8.9.

2010

9.9.

2010

10.9

.201

0

11.9

.201

0

12.9

.201

0

13.9

.201

0

14.9

.201

0

15.9

.201

0

EUR

/MW

h

Night Day Base

OPCOM, Romania - Prices

0

10

20

30

40

50

60

1.9.

2010

2.9.

2010

3.9.

2010

4.9.

2010

5.9.

2010

6.9.

2010

7.9.

2010

8.9.

2010

9.9.

2010

10.9

.201

0

11.9

.201

0

12.9

.201

0

13.9

.201

0

14.9

.201

0

15.9

.201

0

EUR

/MW

h

minimal price average price maximal price

OPCOM, Romania - Traded energy

0

5000

10000

15000

20000

25000

30000

35000

1.8.20

10

2.8.20

10

3.8.20

10

4.8.20

10

5.8.20

10

6.8.20

10

7.8.20

10

8.8.20

10

9.8.20

10

10.8.

2010

11.8.

2010

12.8.

2010

13.8.

2010

14.8.

2010

15.8.

2010

MW

h

9


Forecasted weather conditions for the following period

Date AlbaniaTirana

Bosnia and HerzegovinaSarajevo

BulgariaSofia

CroatiaZagreb

GreeceAthens

MacedoniaSkopje

MontenegroPodgorica

RomaniaBucharest

SerbiaBelgrade

17.09. T: 13 - 28W: W 10R: -

T: 10 - 27W: SW 12R: -

T: 13 - 28W: -R: -

T: 12 - 19W: N 11R: 5

T: 21 - 31W: -R: -

T: 13 - 29W: -R: -

T: 18 - 29W: SW 9R: -

T: 13 - 30W: -R: -

T: 15 - 28W: SW 10R: -

18.09. T: 14 - 29W: NW 11R: 4

T: 14 - 24W: -R: -

T: 14 - 29W: -R: -

T: 12 - 17W: -R: 2

T: 22 - 33W: -R: -

T: 12 - 34W: -R: -

T: 18 - 29W: -R: -

T: 14 - 31W: -R: -

T: 15 - 23W: N 11R: -

19.09. T: 15 - 29W: -R: -

T: 9 - 27W: SW 9R: 4

T: 14 - 29W: -R: -

T: 6 - 15W: N 15R: 15

T: 22 - 32W: NW 12R: -

T: 13 - 31W: -R: -

T: 18 - 28W: -R: -

T: 13 - 29W: E 10R: 5

T: 12 - 26 W: S 15R: 8

20.09. T: 16 - 29W: W 9R: -

T: 5 - 20W:-R: 1

T: 6 - 25W: NW 12R: 3

T: 3 - 16W: -R: -

T: 22 -32W: -R: -

T: 14 - 30W: N 9R: 1

T: 18 - 28W: S 11R: 1

T: 13 - 31W: NW 15R: 1

T: 9 - 20W: NW 10R: -

21.09. T: 15 - 28W: NW 11R: 1

T: 11 - 22 W: -R: -

T: 13 - 24W: -R: -

T: 7 - 17W: -R: -

T: 20 - 29W: N 20R: 1

T: 14 - 27W: N 11R: 1

T: 17 - 28W: -R: -

T: 11 - 27W: NE 14R: -

T: 13 - 25W: -R: -

22.09. T: 15 - 26W: NW 11R: 3

T: 9 - 19W: -R: -

T: 10 - 22W: -R: -

T: 5 - 17W: -R: -

T: 20 - 30W: N 26R: 1

T: 12 - 24W: -R: 1

T: 17 - 27W: -R: 1

T: 7 - 29W: NE 15R: -

T: 12 - 22W: NE 9R: -

SeptemberAverages

Temp: 12-28Rain: 40Rain days: -

Temp: 9.7-22Rain: 70Rain days: 8

Temp: 10-22.6Rain: 38Rain days: 7

Temp: 10.4-22.3Rain: 83Rain days: 10

Temp: 17.3-29Rain: 14Rain days: 3

Temp: 11-26Rain: 36Rain days: 6

Temp:16.5-27Rain: 121Rain days: 6

Temp: 11-24.6Rain: 42Rain days: 5

Temp: 13-23Rain: 51Rain days: 9

T: Temperature in celsius degreesW: Wind speed in km/h, S – South, W – West, N – North, E – East and variables; “-” - no wind; “L-V” - Light and variableR: Rain in mmS: Snow in mm

Mepso, Macedonia: Production and consumption (MWh)

1.9.2010 2.9.2010 3.9.2010 4.9.2010 5.9.2010 6.9.2010 7.9.2010 8.9.2010 9.9.2010 10.9.2010 11.9.2010 12.9.2010 13.9.2010 14.9.2010 15.9.2010Hydro generation 2979 3011 2943 3015 3092 2584 3177 3260 2160 2947 3132 3653 3135 2489 4641Thermal generation 11174 11322 11270 11422 11361 11101 11109 11076 11523 10847 10784 11138 11093 11041 6766Total production 14153 14333 14213 14437 14453 13685 14286 14336 13683 13794 13916 14791 14228 13530 11407Import -4959 -4802 -4821 -5048 -5127 -4707 -4334 -4387 -4856 -4996 -4409 -4417 -4323 -4203 -7243Total consumption in FYROM 19112 19135 19034 19485 19580 18392 18620 18723 18539 18790 18325 19208 18551 17733 18650

Consumption and production in last 15 daysMacedonia

0

5000

10000

15000

20000

25000

1.9.20

10

2.9.20

10

3.9.20

10

4.9.20

10

5.9.20

10

6.9.20

10

7.9.20

10

8.9.20

10

9.9.20

10

10.9.

2010

11.9.

2010

12.9.

2010

13.9.

2010

14.9.

2010

15.9.

2010

MW

h

Total production Total consumption

10

Balkan Energy NEWS, e-journal Issue No: 2010-IX/1 - issue covers period 1.9.2010-15.9.2010

Tables with offered Aailable Transfer Capacities (ATC) in Balkan region for October 2010

MEPSO - Macedonia October 2010.Border+Direction TTC TRM NTC AAC ATC Validity period:

IMPORT

Serbia > Macedonia

670 100 570 35 250 01.-03.10.2010440 100 340 35 135 04.-10.10.2010600 100 500 35 215 11.-16.10.2010670 100 570 35 250 17.-31.10.2010

Bulgaria > Macedonia

400 100 300 250 125 01.-03.10.20100 0 0 0 0 04.-10.10.2010

400 100 300 25 125 11.-20.10.2010300 100 200 25 75 21.-31.10.2010

Greece > Macedonia 700 100 600 0 300 01.-31.10.2010EXPORT

Macedonia > Serbia 300 100 200 0 100 01.-31.10.2010Macedonia > Bulgaria 100 100 0 0 0 01.-31.10.2010

Macedonia > Greece250 100 150 0 75 01.-03.10.2010100 100 0 0 0 04.-10.10.2010200 100 100 0 50 11.-31.10.2010

TSO EPCG - Montenegro October 2010.Border+Direction TTC TRM NTC AAC ATC Validity period:

IMPORTAlbania > Montenegro - - - - 50 01.-31.10.2010BIH > Montenegro - - - - 120 01.-31.10.2010

Serbia > Montenegro- - - - 125 01.-03.10.2010- - - - 100 04.-16.10.2010- - - - 125 17.-31.10.2010

EXPORTMontenegro > Albania - - - - 50 01.-31.10.2010Montenegro > BIH - - - - 100 01.-31.10.2010Montenegro > Serbia - - - - 120 01.-31.10.2010

Transelectrica - Romania October 2010.Border+Direction TTC TRM NTC AAC ATC Validity period:

IMPORTBulgaria > Romania 350 100 250 90 160 01.-31.10.2010

Serbia > Romania0 0 0 0 0 01.-01.10.2010

450 100 175 50 125 02.-05.10.2010350 100 125 50 75 06.-31.10.2010

Hungary > Romania

700 100 600 150 450 01.-01.10.2010650 100 550 150 400 02.-03.10.2010600 100 500 150 350 04.-05.10.2010500 100 400 150 250 06.-10.10.2010450 100 350 150 200 11.-31.10.2010

Ucraine > Romania

250 100 150 50 100 01.-05.10.2010200 100 100 50 50 06.-10.10.2010

0 0 0 0 0 11.-15.10.2010200 100 100 50 50 16.-31.10.2010

EXPORT

Romania > Bulgaria350 100 250 100 150 01.-03.10.2010200 100 100 100 0 04.-10.10.2010350 100 250 100 150 11.-31.10.2010

Romania > Serbia

0 0 0 0 0 01.-01.10.2010750 100 325 50 275 02.-03.10.2010600 100 250 50 200 04.-10.10.2010750 100 325 50 275 11.-31.10.2010

Romania > Hungary450 100 350 200 150 01.-03.10.2010400 100 300 200 100 04.-15.10.2010450 100 350 200 150 16.-31.10.2010

Romania > Ucraine150 100 50 50 0 01.-10.10.2010

0 0 0 0 0 11.-15.10.2010150 100 50 50 0 16.-31.10.2010

*Bulgarian border - auction for 100% of ATC, held by ESO-EAD**Hungarian border - auction for 100% of ATC, held by Transelectrica***Ukrainian border - auction for 100% of ATC

NOS BIH - Bosnia & Herzegovina October 2010.Border+Direction TTC TRM NTC AAC ATC Validity period:

IMPORTCroatia > BIH - - 450 - 125 01.-31.10.2010Montenegro > BIH - - 300 - 150 01.-31.10.2010Serbia > BIH - - 450 - 200 01.-31.10.2010

EXPORTBIH > Croatia - - 750 - 260 01.-31.10.2010BIH > Montenegro - - 400 - 149 01.-31.10.2010BIH > Serbia - - 350 - 134 01.-31.10.2010

ESO - Bulgaria October 2010.Border+Direction TTC TRM NTC AAC ATC Validity period:

IMPORTSerbia > Bulgaria - - 200 - 80 01.-31.10.2010Romania > Bulgaria - - 250 - 150 01.-31.10.2010Macedonia > Bulgaria - - 0 - 0 01.-31.10.2010

Greece > Bulgaria- - 500 - 240 01.-03.10.2010- - 300 - 140 04.-10.10.2010- - 500 - 240 11.-31.10.2010

EXPORT

Bulgaria > Serbia

- - 400 - 165 01.-03.10.2010- - 450 - 190 04.-10.10.2010- - 350 - 160 11.-20.10.2010- - 200 - 65 21.-31.10.2010

Bulgaria > Romania- - 250 - 160 01.-03.10.2010- - 100 - 10 04.-10.10.2010- - 250 - 160 11.-31.10.2010

Bulgaria > Macedonia

- - 300 - 100 01.-03.10.2010- - 0 - 0 04.-10.10.2010- - 300 - 100 11.-20.10.2010- - 200 - 50 21.-31.10.2010

Bulgaria > Greece

- - 600 - 250 01.-03.10.2010- - 300 - 100 04.-10.10.2010- - 600 - 250 11.-20.10.2010- - 500 - 200 21.-31.10.2010

MAVIR - Hungary October 2010.Border+Direction TTC TRM NTC AAC ATC Validity period:

IMPORT

Romania > Hungary450 100 350 200 150 01.-03.10.2010400 100 300 200 100 04.-15.10.2010450 100 350 200 150 16.-31.10.2010

Serbia > Hungary 700 100 600 50 250 01.-31.10.2010EXPORT

Hungary > Romania

700 100 600 150 450 01.-01.10.2010650 100 550 150 400 02.-03.10.2010600 100 500 150 350 04.-05.10.2010500 100 400 150 250 06.-10.10.2010450 100 350 150 200 11.-31.10.2010

Hungary > Serbia 700 100 600 50 250 01.-31.10.2010*Romanian border - auction for 100% of ATC, held by Transelectrica

11


Danube water-level in cm for last 30 days (in cm)

relevant for: HPP Portile de Fier I, 1167 MW, RomaniaHPP Portile de Fier II, 270 MW, RomaniaHPP Djerdap I, 1058 MW, SerbiaHPP Djerdap II, 270 MW Serbia(source: Republic Hydrometeorological Service of Serbia)

Characteristic water stages (in cm)

- TTC (Total Transfer Capacity)

- TRM (Transmission Reliability Margin)

- NTC (Net Transfer Capacity) values in previous tables, represents commonly correlated values, given per each border and per each di-rection on the respective border. (Please note that some of TSOs on their web sites publish only one-half of the NTC value, i.e. their own part of NTC, and therefore NTC data can be different)

- AAC (Already Allocated Capacity) value represents part of transmis-sion capacity allocated earlier by TSO in which table this value ap-pears.

- ATC (Available Transfer Capacities) value represents amount of trans-mission capacity, which will be offered by the TSO in which table this value appears to the interested market participants through al-location procedure: usually by pro-rata or explicit auctions method. (Please note that some of TSOs on their web sites within their ATC val-ue publish ATC part of the neighboring TSO, and therefore ATC data can be different

Coal mining in Balkan countries

Albania

Estimated reserves of coal in Albania are 794 million tons and they are concentrated in Tirana zone (86% of reserves), Korca-Podgradec zone (10% of reserves) and Memaliaj zone (4% of re-serves). Coal is mostly lignite type, with average calorific value of 32000 kcal/kg.

In the period of 1982-1990, Albania produced around 2.3 mil-lion tons of coal annually. In last 10 years, annual production stands below 0.1 million tons. Coal with low calorific value was being mined mostly in central Albania, near Valias, Manez and Krabbe, Korce and Drenove.

There are no coal fired TPPs in Albania, although Italian ENEL plans to build 1600 MW power plant in Porto Romane. It is ex-pected that TPP will be operational in 2014. Project has been approved by government. Coal for this power plant is supposed to be imported, and produced power would be used for both Albanian and Italian markets. Power should be imported to Italy through undersea link

EMS - Serbia October 2010.Border+Direction TTC TRM NTC AAC ATC Validity period:

IMPORT

Albania > Serbia260 50 210 25 80 01.-10.10.2010

0 0 0 0 0 11.-16.10.2010260 50 210 25 80 17.-31.10.2010

BiH > Serbia 450 100 350 50 125 01.-31.10.2010

Bulgaria > Serbia

500 100 400 50 150 01.-03.10.2010550 100 450 50 175 04.-10.10.2010450 100 350 50 125 11.-20.10.2010300 100 200 50 50 21.-31.10.2010

Croatia > Serbia 450 100 350 49 126 01.-31.10.2010Hungary > Serbia 700 100 600 50 250 01.-31.10.2010Montenegro > Serbia 600 150 450 55 170 01.-31.10.2010Macedonia > Serbia 300 100 200 50 50 01.-31.10.2010

Romania > Serbia

0 0 0 0 0 01.-01.10.2010750 100 650 50 275 02.-03.10.2010600 100 500 50 200 04.-10.10.2010750 100 650 50 275 11.-31.10.2010

EXPORT

Serbia > Albania

260 50 210 25 80 01.-03.10.2010150 50 100 25 25 04.-10.10.2010

0 0 0 0 0 11.-16.10.2010260 50 210 25 80 17.-31.10.2010

Serbia > BiH550 100 450 24 201 01.-03.10.2010500 100 400 24 176 04.-16.10.2010550 100 450 24 201 17.-31.10.2010

Serbia > Bulgaria 300 100 200 25 75 01.-31.10.2010

Serbia > Croatia550 100 450 50 175 01.-03.10.2010500 100 400 50 150 04.-16.10.2010550 100 450 50 175 17.-31.10.2010

Serbia > Hungary 700 100 600 50 250 01.-31.10.2010

Serbia > Montenegro650 150 500 79 171 01.-03.10.2010550 150 400 79 121 04.-16.10.2010650 150 500 79 171 17.-31.10.2010

Serbia > Macedonia

670 100 570 50 235 01.-03.10.2010440 100 340 50 120 04.-10.10.2010600 100 500 50 200 11.-16.10.2010670 100 570 50 235 17.-31.10.2010

Serbia > Romania0 0 0 0 0 01.-01.10.2010

450 100 350 50 125 02.-05.10.2010350 100 250 50 75 06.-31.10.2010

* - No information available

Analysis:

12


Bosnia and Herzegovina

Bosnia and Herzegovina has proven lignite reserves of 3.7 billion tons and proven reserves of 2.15 million tons of black coal. In 2007, Bosnia and Herzegovina produced 3.2 million tons of lignite. Brown coal production in 2007 was 1.9 million tons. Of the total coal produced, two thirds are delivered from underground mines while one third comes from open cast mining.

The total production capacity of the country’s power plants is about 4 300 MW, which represents 55% of entire electric energy production capacity. The power plants consume about 80% of the produced coal in these regions. All the important coal mines are located close to power plants (on average within 10 kilometres).

Coal mines are grouped, since they have larger number of pits. The largest coal deposits are located in the region of Tuzla - Kreka group (Sikulje and Dubrava opencast lignite mines, and deep lignite mines at Mramor and Bukinje).

The central Bosnian deposits are: Kakanj group (Vrtliste opencast mine and the deep mines Stara Jama and Haljin-ic), the Breza group (deep mines at Sretno and Kamenica), the Zenica group (deep mines at Stara Jama, Raspotocje and Stranjani) and the Abid Lolic Group.

There are also: Bila Group (Grahovcic opencast mine), Gra-canica group (Dimnjace opencast mine), Durdevik group (brown coal mines at Visca and Potocari and deep mine Durdevik), Banovic brown coal group (Grivice, Cubric and Omazic). Ugljevik group (open pit mine Bogutovo Selo)

Coal usage per power plant: » TPP Gacko ( 300 MW) – 1.8 million tons of lignite (sup-

plied by Gacko) » TPP Tuzla (715 MW) – 3.3 million tons of coal (supplied

by Kreka Banovic, Lukavac) » TPP Kakanj (580 MW) – 1.15 million tons of coal (sup-

plied by Kakanj group) » TPP Ugljevik ( 300 MW)– 1.7 million tons of coal (sup-

plied by Ugljevik group)

The coalmine Kreka produces 43 % of overall coal produc-tion in Federation of Bosnia and Herzegovina. The most of the coal or 80 % was delivered to the largest thermal power plant (TPP) in the country, the TPP Tuzla (715 MW).

It is also important to mention Stanari coal mine, located near Doboj. In 2005, government of RS has granted the concession contract to company EFT-Stanari, in order to construct 430 MW TPP, with annual production of 3 TWh. Some 480 million euros will be invested in TPP and another 120 million euros in the nearby coalmine.

Bulgaria

Bulgarian coal reserves include around 89% lignite, 10% brown coal and 1% hard coal. It is characterized by low calorific value. Estimated coal reserves are around 2.2 bil-lion tons, while annual coal production is between 25-30 million tons. All coal mines in Bulgaria are open cast type. Until 10 years ago, 10% of coal production was supplied by underground mines, but they were closed since it was proven that they are inefficient. There are 29 active coal mines in Bulgaria. Largest coal fields are located in Plev-en, Vidin, Stara Zagora, Varna, Sofia and Blagoevgrad.

Coal mine Maritsa Iztok produce around 80% of entire county lignite production (around 22 million tons). Coal reserves are estimated at 1.85 billion tons.. Maritsa Iztok power complex produces some 30 % of overall electricity in the country. During autumn 2010, new lignite fired TPP Galobovo (former Maritsa Iztok 1) will be put in service. It will have two units, 335 MW each. It will be supplied from Maritsa mines.

Brown coal extracted from Bobov Dol (2 million tons) mines, Stanyantsi, Beli Breg and Chuokorovo. It is used to supply TPP Bobov Dol. Owner of TPP Bobov Dol, Hristo Kovacki announced construction of two new 200 MW units. Currenty, TPP Bobov Dol has two active 200 MW units, while one 200 MW unit was switched-off due to environmental reasons. Mr. Kovacki also owns coalmines Cherno More and Pernik.

Other mines with more than 0.1 million tons production in Bulgaria are Vitren, Cherno More, Balkan, Pernik and Pirin.

It is also important to mention TPP Varna, which is owned by CEZ since 2006. One unit in TPP Varna was shutdown due to environmental requirements, while the rest of the five units should be shutdown until 2014. CEZ plans to re-place coal-fired units with natural gas fired ones, but this project was put on hold. The plant runs on imported coal from Russia and Ukraine

Coal fired power plants in Bulgaria:

Maritsa 1 (lignite) - 200 MWMaritsa 2 (lignite) -1450 MWMaritsa 3 (lignite) - 840 MWVarna (coal) - 1260 MWBobov dol (coal) - 400 MW

Croatia

‘Croatia is the country with lowest coal based power pro-duction in the region. Old coalmines have been shut down due to high level of sulfur dioxide and radioactive elements. The shut down of the coalmines implied the

13


shut down of the plant TPP Plomin, which HEP strongly rejected having in mind significance and location of the TPP. Because of that, HEP decided to import coal for opera-tion of TPP.

TPP Plomin is the only coal-fired plant in the country, which provides 7 % of power production in Croatia. Dur-ing 39 years operation of TPP Plomin, it produced around 16.5 TWh of electricity, for which it spent more than 8 mil-lion tons of coal. In 2007, availability rate of the unit was 84.5 %, while unit spent 300,000 tons of coal.

In April 2010, local media reported that government might reach decision on construction of unit 3 in coal fired TPP Plomin (330 MW). The new unit should have 500 MW out-put and it should be replacement capacity for unit 1 (120 MW). The cost of the project is estimated at 800 million euros.

Greece

Greece has around 6.7 billion tons of known lignite re-serves. According to some estimation, 50% of these re-serves are economically exploitable. Lignite is extracted from around 70 coal basins. In 2006, Greece reached coal production of 71 million tons. Around 75% of entire coal production comes from West Macedonia region, while around 20% comes from Megalopolis region. Almost 99% of the annual lignite production takes place through some of the major opencast mines which belong to the PPC.

There are no hard coal reserves, and they are imported from South Africa, Columbia and Russia.

Approximately 75% of the country electricity production comes from TPPs, while lignite accounted 65% of fuel used for electricity generation.

The northern part of Greece is where major deposits of lignite are found. The areas with highest lignite deposits are Ptolemais-Amynteon and Florina regions which have 2 billion tons reserves. Also, mine Ptolemias has around 900 million tons of reserves, while Elassona has 150 mil-lion tons. 250 million tons deposit is also located in south-ern part of Greece, Megalopolis. Average depth of Greek lignite deposits is between 150-200 meters. Greek lignite has low calorific value and high moisture content, but low sulphur content. Lignite found in different regions of the country varies in quality. Calorific values of lignite found in Megalopolis and Drama region is lowest in the country (3700 – 5000 kJ/kg), while deposits in Ptolemais-Amynte-on have 5200 – 6300 kJ/kg. Florina deposits has around 7500 kJ/kg calorific value, while Elassona region has high-est calorific value of lignite, 9600 kJ/kg. Water content in coal is around 40% in Elassona and 58% in Megalopolis.

Private-owned mines in Western Macedonia have annual production of 2 million tons, with around 190 million tons of reserves.

In April 2008, The United Nations has banned Greece from emission trading system for 3 months. This system allows countries to trade emissions under the Kyoto Protocol. For that time, Greece was not be able to trade emissions with less industrialized countries and meet its air pollution tar-gets.

Coal fired power plants in Greece

Agios Dimitros (lignite) - 1600 MWKardia (lignite) - 1250 MWMagalopoli (lignite) - 850 MWPtolemaida (lignite) - 620 MWAminteo (lignite) - 600 MWFlorina (lignite) - 330 MWLiptol (lignite) - 43 MW

Macedonia

Total coal reserves in Macedonia are 941 million tons, while around 80% is suitable for surface exploitation. Coal is mainly young lignite (soft brown coal), where calorific value varies between 6 000 and 8 200 kJ/kg. Annual pro-duction is around 7 million tons.

Coal reserves are mainly located in Pelagonia basin, Kicevo, Mariovo, Prespa, Katlanovo, Struga, Skopje, Struga, Delcevo and Kumanovo basin. Coal from Pelagonia region has been the main domestic energy source.

Largest TPP in Macedonia, Bitola (630 MW) produces around 70% of entire county production. It is supplied with lignite from Suvodol mine. Sudovol mine has con-firmed reserves of around 120 million tons.

2nd TPP in Macedonia, Oslomej (125 MW) produces around 10% of entire country production. It is supplied from Oslomej-West mine, which has reserve for 10 more years of operation.

Lignite used in these power plants has small amount of sulfur (0.5%), and the SO2 emissions are around 2 000 mg/m3.

Montenegro

Proven reserves of lignite in Montenegro are around 200 million tons. Lignite is characterized by high calorific val-ue, varying from 8 kJ/kg to 12 kJ/kg. Main coal deposits are in Potrlica field with a possible use of 65 million tons and Maoc field with 93 million tons. Around 90% of coal production is used to supply TPP Pljevlja.

14


The coal mine Pljevlja (Potrlica) produces large amounts of sub products, like cement rock, raw material for cement production, and kaolin, raw material for porcelain produc-tion. Since the start of operation in 1952, overall coal pro-duction has reached 55 million tons, while production of overburden reached 131 million cbm. In the same time, overall coal delivery to the TPP Pljevlja reached at 28 mil-lion tons. There is plan for redirection of river Cehotina. This redirection will enable enlargement of coalmines, by which 55 million tons of coal will be provided. This amount of coal should be sufficient for 25 to 30 year of operation of 200 MW unit in TPP. There are two operating mines in Pljevlja complex – Potrlica and Sumani.

TPP Pljevlja is the only TPP in Montenegro. It was first time commenced in 1982. Plant was originally designed as two generators plant, each generator 210 MW, but only one generator block has been built. TPP needs 5,000 tons of coal per day for normal operation.

Romania

Romania has estimated coal reserves of 490 million tons. More of 80% of Romanian lignite reserves can be extracted from open pits, while 20% require underground mining. Annual coal production is set to around 30 million tons. Around 29% of entire electricity production in Romania is generated by lignite fired thermal power plants.

During 2009, use of coal amounted to 6.520 million toe (-25.2 % comparing to 2008), where domestic production reached 5.855 million toe (-11.8 % comparing to 2008) and import reached 0.665 million toe (-68 % comparing to 2008). Toe – tone of oil equivalent.

In 2015th, coal production should reach 37.1 million tons, and finally the coal production should reach 39.4 million tons in 2020th.

According to the report presented by ministry of economy and finance, Romania should invest over two billion euros in mining sector in period 2006th-2020th. The investments will be related to the closing down of exhausted mines, upgrade and modernization of the equipment in the coal-mines and by granting the state aid for coal production.

There are 3 large companies in Romania which are active in coal industry: - National Lignite Company OLTENIA- National Hard Coal Company, Petrosani- National Coal Company (CHN), Ploiesti

National Coal Company will be incorporated within new company, Hidroenergetica.

State is currently subsidizing domestic coal producers, despite disagreements with International monetary fund

(IMF) and EU. National coal company (CNH) is the biggest debtor to the state budget, and its debt continues to rise. In 2010, CNH should be granted 58.5 million euros of sub-sidies.

Coal deposits are grouped in four zones:1. Southern Carpathian Mountains ( Petrosani, Anina, Tebea-Brad basins)2. Pre-Carpathian creep (Campulung, Sotanga, Cep-tura, Filipestii de Padure) and Eastern Carpathian (Baraolt-Virghis, Comanesti-Bacau)3. Sub-Carpathian creep (Rovinari, Motru, Jilt, ME-hedinti and Berbesti-Alunu)4. Panonian creep (Borod, Surduc, Voievozi, Sarma-sag)

Largest energy complexes:

State-owned EC Turceni is the largest coal fired thermal power plant (TPP) in Romania with power output of 1,980 MW. It provides some 10-12 % of electricity in the country.

EC Rovinari has 1,320 MW of operational capacity, with op-erational units 3, 4, 5 and 6, which were put in service in 1976-1979. EC Rovinari plans to build a new coal-fired 500 MW unit.

Other coal fired power plants in Romania:

Mintia (coal) - 1260 MWCraiova (lignite) - 1035 MWDoicesti (lignite) - 520 MWParoseni (lignite) - 300 MW

Serbia

Serbia has high coal reserves, with 4 billion tons of proven lignite deposits. The reserves are located in two main coal basins, Kolubara and Kostolac. Coal mines in Serbia are part of EPS.

Kolubara basin (southwest from Belgrade) has 300 km2 surface. It has medium calorific value of 7.7 kJ/kg, and moisture content of 48%. Sulphur content is around 3%, while ash stands at 11%. Kolubara mines are consisted of: Field B mine, Field D mine, Tamnava East mine and Tamna-va West mine. Field B is nearly depleted (around 20 million tons remaining), like Tamnava East field. Field D has 130 million tons of remaining reserves, while Tamnava West has around 420 million tons reserve. There are proven reserves in Field E (395 million tons), Veliki Crljeni (30 million tons, recently opened), Radljevo (340 million tons, planned) and Juzno polje (500 million tons).

15


Kostolac basin (east from Belgrade) has 80 km2 surface. It is also has medium calorific value, 7 kJ/kg, which is lower than lignite in Kolubara basin. Moisture content is 50%, while ash content is also higher and stands on 15%. Sulphur content is the same and stands on 3%. Kostolac mines are consisted of Klenovnik mine, Cirikovac mine and Drmno mine. Klenovnik and Cirikovac fields are almost de-pleted, while Drmno has 440 million tons of reserves.

With present estimations, Kostolac and Kolubara mining regions have enough reserves to supply existing TPPs till the end of 21st century. Lignite reserves on the mining pits that are already in operation are around 430 million tons in Kostolac and 570 million tons

in Kolubara region. More than additional 700 million tons can be available on surface pits that are presently planned to be opened in Kolubara region, while total estimated re-maining reserves in Kolubara region are around 1844 mil-lion tons. Estimated remaining reserves in Kostolac region are 575 million tons.

Coal fired power plants in Serbia:

Nikola Tesla A (lignite) - 1650 MWNikola Tesla B (lignite) - 1240 MWKolubara (lignite) - 270 MWKostolac A (lignite) - 310 MWKostolac B (lignite) - 700 MWMorava (coal) - 125 MW

Kosovo

Kosovo has the total estimated resources of approx. 10 billion tons. With an average stripping ratio of 1.7 m3 of overburden to one ton of coal, coal production at Kosovo mines could supply coal to the power plants with very competitive price, compared to international coal and en-ergy prices. The existing reserves of coal enable great ex-pansion of the generating capacity.

There are two major lignite basins: Kosova lignite basin and Dukagjini lignite basin. There are also smaller lignite basins like: Drenica, Malishevë, Babush i Muhaxherëve lig-nite basin and one potential lignite basin in southern part of Kosovo. The coal layer in the Kosovo Basin is continuous of 45 meters in average thickness and is overlain by clays and sandy gravels with thickness that vary in from 60 to 130 meters.

Existing plans are to increase electricity generation capac-ity by up to an additional 2000 MW. This would require in-vestments in opening new coalmines. Lignite is currently mined at two locations in the vicinity of the power plants (Mirash and Bardh mines). These two mines have largely been exploited and new mines will have to be opened to provide adequate coal supply for the existing and possi-

ble new power plants. With adequate investments, lignite mining will again become a large and profitable business inKosovo.

Moisture content in lignite from Kosovo varies between 35% and 50%, with 12-21% of ash content. It has medium calorific value of 7 800 kJ/kg, and 1% of sulphur content.

Existing power plants in Kosovo:

Kosovo A (lignite) - 800 MWKosovo B (lignite) - 678 MW

Romania and Bulgaria mulls joint energy projects (Region)

During the meeting in Bucharest, officials of Romania and Bulgaria announced several joint energy projects. The meeting was also attended by representatives of Romani-an companies Transgaz, Transelectrica, Hidroelectrica, OP-COM, and Bulgarian companies ESO and Bulgartransgaz.

The cooperation should include connection of electricity and natural gas grids. Bulgaria has also announced estab-lishment of its own day-ahead power exchange, which should be coupled with Romanian power exchange oper-ated by OPCOM.

Two countries confirmed interest in construction of joint hydropower plants on Danube. In the same time, Bulgaria and Romania said they plan to adopt common standpoint regarding natural gas pipeline Nabucco.

Two countries agreed to hold regular working groups for specific subjects in energy sector in order to ensure effi-cient exchange of information and to boost bilateral and regional cooperation.

§ § §

Four-state declaration on supporting the AGRI project (Region)

In mid September in Azerbaijan’s capital Baku, presidents of Azerbaijan, Georgia and Romania, Ilham Aliyev, Mikhail Saakashvili and Traian Basescu and prime minister of Hun-gary Viktor Orban signed a joint statement supporting the natural gas project Azerbaijan-Georgia-Romania Intercon-nection (AGRI).

The AGRI project aims to deliver natural gas from Azerbai-jan to Europe. The project will include construction of liq-

News:

16


uefied natural gas (LNG) terminals in Georgia and Roma-nia.

As recalled, the Memorandum of understanding regard-ing development of AGRI project was signed in April by the minister of energy of Georgia Alexander Khetaguri, minister of industry and energy of Azerbaijan Natik Aliyev and, at the time, minister of economy of Romania Adrien Videanu.

In mid May, three countries signed the agreement for es-tablishment of joint venture company for the project. The shareholders will be Romania’s natural gas producer Rom-gaz, State Oil Company of Azerbaijan (Socar) and Georgian Oil & Gas Corporation (GOGC). According to plans at the time, the company should have been established by mid June.

The interest for the project was expressed by Hungary, af-ter natural gas pipeline Arad (Romania)-Szeged (Hungary) was completed in this year.

President Basescu believes that new project should deliver natural gas from Azerbaijan within three years. According to Basescu, the AGRI project is the cheapest project com-pared to other projects aimed to deliver natural gas from Caspian region and Central Asia toward Europe. Basescu also believes that project could attract other suppliers such as Turkmenistan.

Romanian president said that project should be developed by private investors. He promised that project company, with head office in Bucharest, should become operational as soon as possible in order to start necessary feasibility studies.

In the same time, minister of industry and energy of Az-erbaijan Natik Aliyev said that there were three options for development of AGRI project. The options refer to different capacity of the project, where first option refers to delivery of 1 billion cbm of natural gas per year; the second option envisages annual capacity of 5 billion cbm and the third option envisages annual capacity of 8 billion cbm.

Depending on annual capacity, the cost of the AGRI project will vary from 1.2 up to 4.5 billion euros, minister Aliyev said. He also said that project should be funded by the in-vestors instead of the states.

Aliyev pointed out that AGRI project was not the alterna-tive to Nabucco project, which aims to deliver natural gas to Europe from not only Caspian region, but also from Iran, Iraq, Algeria and other sources. AGRI’s annual capacity would be much smaller and it is aimed to cover the needs of Romania and several other European countries, minister Aliyev concluded.

§ § §

Albania to invest 400 million EUR in transmission (Albania)

Albanian Minister for economy and energy, Mr. Dritan Prif-ti, pointed out importance of investment in transmission sector during energy conference, held in Albania.

“Energy sector is one of most successful sectors in Albania, but for capacity improvement for distribution and trans-mission of electric energy, 400 million EUR will be invest-ed”.

§ § §

Electricity price hike (Albania)

Albanians can expect electricity price hike from 1st of January, 2011. There are no official informations regarding CEZ (owner of OSSH distribution) request, but there are speculations that price increase will be 15%. CEZ has filled a request to Regulatory Comission for Energy, which has time till December to make decision.

In January 2010, CEZ, has filled a lawsuit against Albanian Regulatory Agency for Energy (ERE), after a decision to rise the electricity price was rejected. CEZ had requested a 24% increase in the price of electricity for 2010, while ERE ap-proved only 13%.

§ § §

Oil pipeline to be finished in 2011 (Albania)

Canadian-based Bankers Petroleum announced that first phase (14km) of a planned 44 km long oil pipeline in Southern Albania would be finished in 2011. The line would connect the main oilfield by rail to both the export terminal and two local refineries through use of the hub at the city of Fier.

The pipeline and Fier Terminal will add an additional 9 500 barrels of oil per day to the output, giving the company exports of up to 24 500 barrels by early 2011.

The second phase of the pipeline (30 km), will have a ca-pacity of 70 000 barrels of oil per day and it will connect the oilfield to an export terminal in the port of Vlora and is scheduled to be completed by early 2012.

Average production in the Q2 010 was 9 800 barrels of oil per day, which is 54% increase comparing to same period in 2009.

§ § §

17


ERS: EPCG cannot build HPP Risan without approval of ERS (Bosnia and Herzegovina & Montenegro)

The management of Power utility of Republic of Srpska (ERS) said that Power utility of Montenegro (EPCG) could not build hydropower plant (HPP) near Risan and use wa-ter from Bileca Lake without approval of ERS. Otherwise, EPCG would breach international conventions in energy sector, ERS said. ERS argues that EPCG did not invest any-thing in existing system of HPPs on Trebisnjica River, which use water from Bileca Lake.

The statement of ERS was reaction to the recent statement of Chairman of the Board of director of EPCG, Srdjan Ko-vacevic, who announced that EPCG wants to build above-mentioned HPP. Kovacevic said that Bileca Lake, part of which is on territory of Montenegro, receives significant part of water potential (some 45 %) from rivers in Mon-tenegro.

Executive director of technical operations in ERS, Jovo Maric, said that, having in mind that part of Bileca Lake is in Montenegro, ERS had met most of its obligations stem-ming from this fact. According to Maric, ERS still needs to pay expropriation fees to Niksic municipality. The regular payment was disrupted after breakup of former Yugosla-via. Maric said that Montenegro has benefits from the Lake through fresh water supply.

ERS also said it had proposed to Montenegrins three op-tions for construction of the HPP in Boka Kotorska bay, but there was no response. Maric accused EPCG on trying to use existing system, without investing anything. However, ERS remains open for joint investments with its neighbors, Maric said.

In the same time, ministry of industry, energy and mining of RS said it is ready to talk about all projects with Mon-tenegro. The ministry said that government of Montene-gro still did not officially invite RS to discuss the project for construction of HPP near Risan. The ministry said it was ready to discuss the project after receiving the official in-vitation.

Several days after, EPCG said that general design for HPP Risan should be completed by the end of the year. In the same time, economic feasibility of the project should be known. Development director of EPCG, Srdjan Vujadinovic, said that Montenegro wants to reach agreement with RS regarding this project. Vujadinovic also said that new HPP could produce 700-1,000 GWh of electricity per year.

§ § §

Alpiq presented plans for construction of unit 7 in TPP Tuzla (Bosnia and Herzegovina)

In the first half of September in Sarajevo, Swiss Alpiq presented to prime minister of Federation of Bosnia and Herzegovina (BiH) Mustafa Mujezinovic its plans for devel-opment, construction and operation of unit 7 in thermal power plant (TPP) Tuzla.

In June, Alpiq was the only company that has submitted bid in the international tender for construction of unit 7. The unit will have 450 MW of electricity output and 320 MW of heat output and it will be the replacement capacity for older units 3 and 4.

Alpiq has met all tender criteria (such as annual income of 5 billion euros and overall profit of 400 million euros in the last three years) and the company should be invited to submit financial offer for the project very soon.

The representative of Alpiq, Peter Dvorak, confirmed that Alpiq and Power utility of BiH (EP BiH) have been engaged in negotiations regarding unit 7. Dvorak believes that ne-gotiations will be successful.

During the press conference, Dvorak said that overall cost of the project should reach 800 million euros. Alpiq was interested in acquiring 50 % of the electricity output of the future unit, while EP BiH will remain 100 % owner of the unit. Dvorak said that some two years would be spent for preparation works so that unit should be operational in 2018.

§ § §

EP BiH to invest 28 million euros in electricity distribution grid (Bosnia and Herzegovina)

In the beginning of September, Power utility of Bosnia and Herzegovina (EP BiH) and consortium of local companies, Malcom, Umel and Deling, signed 28 million euros worth contract for reconstruction and construction of electricity distribution grid.

The project will be funded by European investment bank (EIB) under Power IV programme. The local consortium won the contract in international tender.

The largest ever contract granted to local companies af-ter 1990s will include reconstruction and construction of some 400 facilities in Sarajevo, Tuzla, Zenica, Bihac and Mostar.

The turnkey contract should be completed in three years. Some 140 km of new power lines should be built, while 600 km of existing power lines should be refurbished.

§ § §

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EP BiH to take part in the tender for wind farms near Mostar (Bosnia and Herzegovina)

Power utility of Bosnia and Herzegovina (EP BiH) an-nounced it would take part in the tender for granting the concessions for construction of wind farm in Podvelezje area, near city of Mostar. The future wind farm should have 16 turbines and overall output of 46 MW.

The tender was published by Hercegovacko-Neretvanska County in the second half of August and the deadline in the tender is yet to be decided.

However, EP BiH supposed to be developing this wind farm after it had submitted voluntary bid for the project. Officials from the ministry of economy Hercegovacko-Neretvanska County did confirm that EP BiH submitted voluntarily bid for the project. However, they said that the concession could be acquired only through tender proce-dure.

Head of EP BiH Amer Jerlagic said he was surprised by publishing the tender having in mind recent decision of the government, which implied that EP BiH was entitled to develop particular wind farm. However, Jerlagic said the company would obey the procedure.

Jerlagic reminded that EP BiH has purchased wind meas-urement study for the project made by Vjetroenergetika in accordance to the contract with European Commission (EC). He is assured that EP BiH would win the concession. Jerlagic announced that company would start construc-tion works immediately after acquiring the concession.

The project has been initially developed by EP BiH and Vjetroenergetika, which acquired concession for construc-tion of the farm in 2007. Two companies signed memo-randum of understanding for the project in 2008, and EP BiH should have owned 67.8 % of the project. However, in 2009, Vjetroenergetika lost concession for the project and EP BiH announced it would develop the project by itself.

In 2009, EP BiH also signed contract for purchase of 30 MW wind farm project, also in Podvelezje area, from company Energy 3. However, Energy 3 also lost its concession after it failed to meet concession terms.

§ § §

Gazprom Neft presented project for hydrocarbon explorations in Livno Canton (Bosnia and

Herzegovina)

Minister of economy of Livno Canton Vlatko Zrilic pro-posed to the municipalities of Livno, Tomislavgrad, Kupres, Glamoc, Bosansko Grahovo and Drvar to approve propos-

al for granting the concessions for oil explorations in the Canton to Russian Gazprom Neft.

Zrilic said this after Gazprom Neft has presented project for hydrocarbon explorations in Livno Canton to the local officials.

If municipalities issue their approval, Gazprom Neft should start exploration projects, which would last five years. If the results were favorable, Russian company is ready to invest 600 million dollars in hydrocarbons production, Zrilic said.

As recalled, in July, representatives of NefteGazInkor, sub-sidiary of Russian oil company Zarubezneft, and Oil indus-try of Serbia (NIS), majority owned by Russian Gazprom Neft, have signed the Memorandum of understanding re-garding joint hydrocarbons exploration in other entity of Bosnia and Herzegovina, the Republic of Srpska (RS).

§ § §

Preparation works for HPP Vranduk started (Bosnia and Herzegovina)

On September 15, Power utility of Bosnia and Herzegovi-na (EP BiH) has officially marked the start of preparation works for construction of hydropower plant (HPP) Vranduk (21 MW). The official ceremony was attended by the high-est officials from Federation of BiH, including prime minis-ter Mustafa Mujezinovic.

HPP Vranduk is the first project, which is a part of large in-vestment cycle announced by EP BiH. The company plans to build four thermal power plants (TPPs), nine HPPs, two wind farms and 15 small HPPs. Overall worth of the projects is some 3 billion euros.

The funds for construction of HPP Vranduk, i.e. some 50 million euros, will be provided by EP BiH. The HPP is the first out of the 25 cascade HPPs on Bosnia River that should be built until 2025.According to the latest announcements, HPP Vranduk should be put in service by 2015. The HPP should produce some 96 GWh of electricity per year.

§ § §

Republic of Srpska wants to join South stream project (Bosnia and Herzegovina)

Republic of Srpska (RS) wants to take part in the natural gas project South stream and to import some 1 billion cbm of natural gas per year. This was said by the prime minister of RS Milorad Dodik during the official visit to Moscow in mid September.

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During the visit, PM Dodik and minister of energy of Russia Sergey Shmatko signed the joint statement regarding po-tential cooperation in the South stream project. Two sides expressed mutual interest in investigating the possibility for RS to join the project.

Russian Gazprom is obliged to make necessary studies and to inform RS on its decision. According to PM Dodik, it should take two months for the analyses.

During the visit to Moscow, PM Dodik and mayor of Mos-cow Yuri Luzhkov signed a protocol on economic, techni-cal and science cooperation. Two officials also agreed that Russian companies should design and build new hydro-power plants (HPPs) in RS and deliver necessary equip-ment.

Dodik also met representatives of oil company Zarubez-neft, a majority owner of oil companies in RS. Dodik con-firmed that government should issue concession for hy-drocarbon explorations to Zarubezneft.

§ § §

Bulgargaz proposes 1.36 % decline in natural gas price in Q4 (Bulgaria)

Natural gas company Bulgargaz has proposed reduction in natural gas prices by 1.36 % in the last quarter of 2010. The final decision needs to be approved by the State Energy and Water Regulatory Commission (SEWRC). If approved, new price will reach 274 euros/1,000 cbm (no VAT).

According to Bulgargaz, the main reasons for slight reduc-tion in prices were favorable situation on international markets, signing the additional supply agreements with Russian suppliers and the latest discoveries of domestic natural gas made by Melrose Resources (MR). MR is ex-pected to deliver certain amount of natural gas in the last quarter of the year.

Bulgaria imports almost 100 % of its needs from Russia through three intermediaries, i.e. Overgas, Wintershall and Gazpromexport. In the last year, overall natural gas con-sumption reached 2.4 billion cbm.

§ § §

CEZ to pay 21 million euros of dividends to the state (Bulgaria)

Electricity distributor CEZ Bulgaria announced it would pay some 21 million euros of dividends to the state. The statement was issued after the meeting between prime minister Boyko Borisov and regional manager of CEZ Ian Vavera in the beginning of September.

As recalled, CEZ owns 67 % stake in CEZ Bulgaria, while the state owns the rest. The state owns the same stakes in two other major electricity distributors, the E.ON and EVN.

Ian Vavera announced that decision on payment of divi-dends would be reached on extraordinary assembly. The particular dividend is related to period 2006-2009. Accord-ing to data from the trade registry, in particular period, CEZ has posted overall profit of some 128 million euros. CEZ decided that dividend would account to 48 % of the profit.

Since 2005, none of privatized electricity distributors has paid any of dividends to the state. Recently, PM Borisov warned those companies on this issue. After that, both E.ON and EVN decided to pay dividends to the state for 2009 of some 0.8 million euros each.

During the meeting, which was attended by minister of economy, energy and tourism Traycho Traykov and the head of State Energy and Water Regulatory Commission (SEWRC), Angel Semerzdhiev, two sides also discussed options for extension of operational permits for thermal power plant (TPP) Varna, which is 100 % owned by CEZ.

Government and CEZ announced readiness to implement cooperation protocol for investing 40 million euros by CEZ in energy efficiency and energy infrastructure projects.

§ § §

Enel to sell TPP Maritsa Iztok 3 this fall (Bulgaria)

International media reported that Italian Enel should sell its stake in thermal power plant (TPP) Maritsa Iztok 3 (908 MW) by September. Enel also plans to sell its natural gas distribution assets in Spain, where both sales are aimed to reduce debts of the concern by 45 billion euros in 2010.

The sale of TPP Maritsa Iztok 3 was the first time announced by CEO of Enel Fulvio Conti in March. At the time, Conti said that Enel was unsatisfied with company’s performance on Bulgarian market.

Enel owns 73 % stake in TPP Maritsa Iztok 3, while the rest is owned by the state. The state also said it could be inter-ested in sale of its stake after Enel announced its plans.

In July, Austrian EVN said it has been negotiating with Enel regarding purchase of TPP Maritsa Iztok 3. The interest for the purchase was also expressed by Russian Inter RAO, US company AES and British company International Power.

In July, CEO of Enel denied rumors that company had final-ized negotiations regarding sale of the TPP to Inter RAO or any other company.

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Enel has invested 900 million euros in the TPP over the years. In 2009, the power output of the TPP was increased from 840 MW up to 908 MW, and a desulphurization facil-ity was built.

§ § §

Government to demand extension of operation licenses for NPP Kozloduy (Bulgaria)

Minister of economy, energy and tourism Traycho Traykov said that the extension of operational licenses for units 5 and 6 (1,000 MW each) in nuclear power plant (NPP) Ko-zloduy was among the main priorities of the ministry.

In this moment, operational license for unit 5 expires on October 31, 2017, while the license for unit 6 expires on October 2, 2019.

Minister Traykov said that licenses should be prolonged as much as possible, having in mind national interests. The NPP has been preparing plan for extension of the licens-es. Minister confirmed that Russian partners provided full support and cooperation in this matter.

§ § §

EVN started construction of cogeneration power plant in Plovdiv (Bulgaria)

On September 13, EVN, i.e. is local subsidiary EVN Bulgaria-Toplofikacia, has officially celebrated start of construction of new combined heat and power plant (CHPP) in Plovdiv. The actual construction works have started in July.

The official groundbreaking ceremony was attended by prime minister of Bulgaria Boyko Borisov, prime minister of federal province of Lower Austria Erwin Pröll, general manager of EVN AG Burkhard Hofer, and regional manager of EVN Bulgaria Jörg Zolfelner.

The new unit will be built at the site of existing and outdat-ed CHPP Plovdiv North. The electricity output of the plant will be 50 MW, while its heat output will be 54 MW. The future plant will be the most modern cogeneration power plant in entire Balkans, EVN said.

The cost of the project is estimated at some 51 million eu-ros. The future CHPP should spend some 50 million cbm of natural gas per year. According to original plans, the CHPP should be put in service in November 2011.

Siemens Bulgaria was selected to deliver both natural gas and steam turbines and to carry on design and construc-tion works in cooperation with subcontractors. Siemens

was also awarded maintenance contract for the period of 15 years.

EVN said that, including the investment in Plovdiv, overall investments in Bulgaria, since entering Bulgarian market in 2005, would reach 350 million euros.

§ § §

Russia proposed to provide 100 % funding for oil pipeline Burgas-Alexandropoulos (Bulgaria)

Russian oil company Transneft, which holds 51 % stake in the project for construction of oil pipeline Burgas-Alexan-dropoulos, has proposed to provide 100 % funding for the project. However, Transneft has proposed to repay its in-vestment through transit fees in Bulgaria and Greece.

The proposal was revealed during the meeting in Moscow between representatives of Russia and Bulgaria, which dis-cussed options for funding of the project. The third share-holder, Greece, did not attend the meeting. Bulgaria and Greece own 24.5 % stake each in the project.

The participants of the Moscow meeting agreed that project company, Trans Balkan pipeline, should prepare new economic analyses of the project, and that new meet-ing should take place in the end of September or in the beginning of October. The project for construction of the pipeline was stalled in the last several months, after Bulgaria said that project could not obtain environmental approval. The local com-munities in Bulgaria also voted against the construction of the pipeline due to environmental concerns. However, the environmental impact study is yet to be presented, after which the government of Bulgaria is expected to reach its final decision on the project.

The interstate agreement for construction of the pipeline was signed in 2007, while the project company was estab-lished in 2008. The future oil pipeline should be 280 km long, where 166 km should be on Bulgarian soil. Its initial annual capacity should be 35 million tons, where the ca-pacity should be increased up to 50 million tons. The cost of the project is estimated at some 900 million dollars.

§ § §

INA acquired 210 million euros loans for modernization projects (Croatia)

Croatian oil industry (INA) said it had acquired 150 million euros loan from European bank for reconstruction and

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development (EBRD) for modernization of oil refineries, which will include energy efficiency programs.

Press release of INA said that ICF-Debt Pool and Cordiant Capital Fund would provide another 50 million euros and 10 million euros loans for the project, respectively.

INA said that the project would help completion of the first phase of modernization program of oil refinery sec-tor, which would enable production of oil derivatives in accordance to EU standards. The first phase of moderniza-tion of refineries in Sisak and Rijeka should be completed in the last quarter of 2010.

The improvement of energy efficiency of refinery sector is aimed to reduce production expenses, to increase busi-ness efficiency and to strengthen competitiveness, the company said.

Kevin Bortz, EBRD director for natural resources, said that the latest loan was the biggest EBRD’s project in Croatia. The project will support sustainable growth of INA in long term and it would help INA in becoming a leading com-pany in oil and natural gas sector in Southeastern Europe. In the same time, the investment will significantly increase standards in refinery sector, Bortz said.

Chairman of the Management board of INA, Zoltan Aldott said that INA, with the support of EBRD, has invested al-most 550 million euros in modernization programs dur-ing the strategic partnership with MOL. INA’s refineries will produce Euro V derivatives, while company should be ahead of competition in the region, Aldott said. Aldott pointed out that INA acquired loans without providing ad-ditional guarantees, which was the sign of strong confi-dence of EBRD in INA.

In Croatia, INA has already introduced Euro V fuels (euro diesel and gasoline) on all of its 400 petrol stations. The modernization of the refineries will enable INA to export this type of fuels, especially to neighboring countries.

§ § §

Energy park to be built near Obrovac (Croatia)

According to recent announcements, several companies expressed interest for construction of power plants near city of Obrovac in Dalmatia.

The company Adriatic Solar Projects (ASP) said it had submitted the preliminary request for obtaining the sta-tus of preferential electricity producer to the ministry of economy. ASP wants to build 13 MW solar park near city of Obrovac, where overall investment is estimated at 40 million euros.

ASP believes that the construction site, i.e. abandoned Alumina factory, is favorable having in mind the number of sun hours, the vicinity of high voltage network and pump storage hydropower plant Velebit.

In the same time, President Group and IGH, the leading Croatian civil engineering company, announced contin-uation of the project for construction of natural gas fired thermal power plant (TPP) near Obrovac. The project was originally started by President Group, which acquired the land and funded preparation of spatial plans.

The future TPP should be built near the future meter-ing and pressure regulating station of the high-pressure natural gas pipeline, which is being built by natural gas transporter Plinacro.

Finally, in the same area near Obrovac, local company Zensur Zrmanja and international company CE Energy, after several years of delays, have initiated the project for construction 59 MW wind farm in the last year.

§ § §

E.ON Ruhrgas mulls entering the local market (Croatia)

After it sent the letter of intent to government of Croatia and expressed interest for entering Croatia’s natural gas market, German E.ON Ruhrgas had number of meetings with largest natural gas customers in Croatia during the last several months.

Sources said that E.ON had meetings with Croatian pow-er utility (HEP), Petrochemical factory, Dioki, as well as with Croatian oil industry (INA). E.ON offered to deliver natural gas from its diversified portfolio.

However, so far, E.ON did not submit request for any of energy licenses and it did not make contacts with state-owned natural gas transmission company Plinacro. Ex-perts believe that E.ON was still investigating possibili-ties for entering the Croatian market.

HEP has confirmed talks with E.ON. HEP has long-term supply contract for purchase of 700 million cbm of nat-ural gas from INA, which expires in 2014. In 2012, HEP should put in service new unit in thermal power plant (TPP) Sisak, which will require additional 250-300 million cbm of natural gas per year.

§ § §

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INA to layoff 1,500 employees (Croatia)

In mid September, Croatian oil industry (INA) decided to layoff 1,500 employees or some 9 % of overall personnel. The layoffs will be carried out in accordance to laws and company will make social program for redundant employ-ees.

Executive director of INA, Bojan Milkovic said that person-nel reduction would preserve stability of the company, having in mind increasingly demanding business environ-ment. Milkovic said that layoffs would be done in coop-eration with all unions in INA and in socially responsible manner.

INA said that dismissal wages would be higher compared to previous social programs. In the same time, the compa-ny should pay wages to the employees during the layoff notice period.

INA said in press release that analyses showed that some 25 % of employees have been working in corporative and administrative sectors, compared to average of 10 % in oil companies in the World.

In related news, in mid September, the parliamentary com-mittee has been investigating privatization of INA since 2003 until 2009. The number of highest politicians and former and current officials of INA were invited to testify before the committee. The committee’s tasks would be to clarify several disputable issues, such as acquiring the managerial rights by the strategic partner MOL in 2009, which still owns below 50 % stake in INA.

§ § §

Mytilineos to supply PPC with LNG (Greece)

Greek Mytilineos will supply PPC with total amount of 290 000 cubic meters liquefied natural gas (LNG). Total cost of the supply would reach 56 million EUR. PPC estimates it could save 22 million EUR for purchasing LNG from Mytili-neos, instead purchasing it from DEPA.

§ § §

RAE approved 840 MW in renewable projects (Greece)

The Regulatory Authority for Energy (RAE) announced the approval of several projects related to renewable energy sources (RES), with total worth of 2.1 billion EUR

The approval is for projects that will have a combined out-put of 840 MW. This envisages construction of several wind park projects by Rokas in the northern Aegean, with an

output of 700 MW, a number of hybrid power stations by EDF on Crete for 100 MW, two projects by Sun Ray for 5 MW and a hybrid station by Ellaktor on Lesvos that will produce about 35 MW.

§ § §

PPC to buy wind farms (Greece)

PPC said it will pay up to 43.4 million EUR to buy six wind farms from BCI Group. PPC’s board cleared the acquisition of the wind parks recently as part of efforts to become less dependent on lignite.

State-controlled PPC aims to invest about 2 billion EUR in renewable energy sources by 2015 to replace 2 000 MW of old lignite plants.

The three wind farms have a total capacity of 24.65 MW and will be bought by PPC subsidary PPC Renewables. The deal also includes the purchase of another three wind farms un-der development, with a total capacity of 48 MW.

§ § §

Conergy to build PV power plant (Greece)

German Conergy plans to construct 32 MW photovoltaic power plant in Greece. Project is expected to begin in sec-ond quarter of 2011, while construction would last for 18 months.

“In terms of maintaining and expanding our market lead-ership in Greece, this is the most important milestone to date,” said Dieter Schmitt, head of Conergy Greece. Schmitt says Conergy will supply the arrays “almost exclusively” with its own modules, inverters and mounting systems.

Conergy now generates nearly half of its sales outside Ger-many.

§ § §

Minister Besimi – Macedonia could be connected to Nabucco (Macedonia)

Macedonian economy minister, Mr. Fatmir Besimi, said that Macedonia is considering an option to connect on Nabuc-co gas pipaline, and also to be included in several other European gas project. Also, minister said that ministry is in-specting possiblilities how to include Macedonia in various pipeline projects as transit country.

According to the Mr. Besimi, Macedonia has to seize all opportunities to joint regional and international gas net-

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works “to acquire the name of a transit zone both in natural gas in specific and in energy in general.”

In related news, Russian Gazprom expressed readiness to come to Macedonia and have talks with goverment related to construction of South Stream pipeline branch in Mac-edonia.

§ § §

NEW PV power plant to be built in Demir Hisar (Macedonia)

1 MW photovoltaic power plant will start with construction within few months, in Suvodol, near Demir Hisar. Total in-vestment is expected to reach 5 million EUR. Demir Hisar region has 300 sunny days annually.

In the related news, Macedonian government has adopted “Strategy for renewable energy sources”, which was devel-oped by Macedonian Academy of Science and Art (MANU). But, strategy has cleared off subventions to households which use solar collectors.

§ § §

12 employees from Bitola accused for finance abuse (Macedonia)

12 employess in energy complex (REK) Bitola spent 700 000 EUR for paying services, for which limit was set to 300 000 EUR, anticorruption agency “Transparecy Macedonia” said. They also added “this kind of abuse could not happen without knowleage of general director from that time, Mr. Zoran Konjakovski”.

“Suspects are all employees except Mr. Konjakovski, which is resposible for running the company”, Ms. Ana Janevska Deleva from TM said.

§ § §

Draft concession act for HPPs on Moraca River approved (Montenegro)

Council for construction of hydropower plants (HPPs) on Moraca River has approved Draft concession act. The Council was presided by prime minister Milo Djukanovic. The Council pointed out that the economic analyses justi-fied the development of each phase of the project.

The members of the Council were presented information regarding activities in the project in period April-Septem-ber, including reports on negotiations with qualified bid-ders.

The minimum concession fee was set at 2 % of overall in-come. The future concessionaire will be obliged to develop the project with minimum annual output of 600 GWh of electricity.

In the same time, the government will be obliged to invest 60-65 million euros for expropriation expenses and for costs related to preservation of ancient Moraca monastery. The Council said that the investor should repay these funds during the 30-year concession period.

The investors were offered two solutions for development of the project, but investors will be allowed to propose their own proposal.

The original project refers to construction of four HPPs, i.e. Andrijevo (127 MW), Raslovici, Milunovici and Zlatica (37 MW each). The highest dam, the Andrijevo, should be built on altitude of 285 meters. The alternative solution will imply construction of two HPPs with Andrijevo dam at al-titude of 250 meterse, so that this option would be more environmentally acceptable.

Recently, minister of economy Branko Vujovic said that all potential investors were in favor of the option with lower dam. Depending on the option, the cost of the project would vary between 540 and 700 million euros.

Draft Concession act will be sent to public debate. It is ex-pected that the debate should last until mid October, until when concession and tender documentation should be prepared.

In October, the government should invite qualified bid-ders, i.e. the consortium of Power utility of Montenegro and Italian A2A, Italian Enel, Chinese Sinohidro and Ger-man Strabag, to submit their bids.

§ § §

EPCG to import 1.1 TWh of electricity in 2011 (Montenegro)

In the beginning of September, Power utility of Montene-gro (EPCG) published tender for purchase of 1.1 TWh of electricity in 2011. The requested amount was divided in three lots. The first lot refers to import of 100 MWh/h in period January 1-December 31, 2011. The second lot refers to import of 50 MWh/h in period January 1-March 31, 2011. Finally, the third lot refers to import of 50 MWh/h in period July 1-Sep-tember 30, 2011.

The minimum bid was set at 10 MWh/h, while the dead-line in the tender was set at September 24 and the results should be published by mid October.

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§ § §

Construction of wind farm Krnovo to start in July 2011 (Montenegro)

The construction of wind farm Krnovo, near city of Niksic, should start in July next year. This was said by the repre-sentatives of Ivicom Consulting & Mitsubishi Heavy Indus-tries, the consortium which signed 20-year concession contract for construction and operation of the wind farm in August.

The consortium believes it will be able to obtain construc-tion license in June or in July next year, while the construc-tion of the farm should last 24 months.

As recalled, the wind farm will have 21 wind generators and overall power output of 50 MW, with option for increasing the output by 22 MW. The cost of the project is estimated at 70-90 million euros.

§ § §

Government to publish invitation for hydrocarbon explorations on mainland (Montenegro)

Minister of economy Branko Vujovic said that government has been preparing tender for oil and natural gas explora-tions on mainland, after Russian companies expressed in-terest for such option.

Minister Vujovic did not name the interested companies. However, local media reported that Russian Gazprom is highly interested in acquiring the concessions for oil and natural gas explorations in Northern Montenegro, near border with Bosnia and Herzegovina, and in Crmnica re-gion, near Skadar Lake.

Minister Vujovic has earlier announced that government should publish invitation for oil and natural gas explora-tions in Adriatic in September or October. The public invi-tation for explorations on mainland should be published shortly after.

The government should publish separate invitations for exploration and production concessions in Adriatic. For the mainland, the government should publish only invita-tion for exploration concessions, Vujovic said.

In the beginning of July, parliament of Montenegro ap-proved Hydrocarbons exploration and production Law. The law has been in procedure since 2008. The law is con-sidered vital for development of oil and natural gas sector in the country.

§ § §

Energy regulator: electricity prices lower by 12.9 % in H1 (Montenegro)

Regulatory energy agency (REA) said that average electric-ity prices for customers in Montenegro during the first half of 2010 were 12.9 % lower compared to the same period last year. The average price for customers connected to dis-tribution grid was 20 % lower.

For the largest industrial customer, Aluminum factory, the average price was 10.3 % higher, while for Steel factory and Railway Company, the average price was 20 % and 22 % lower, respectively.

RAE said that reduction of prices was the consequence of 39 million euros higher income of Power utility of Mon-tenegro (EPCG) in the last year compared to the approved regulated income.

§ § §

CEZ suspended works in wind farm Cogealac (Romania)

Czech CEZ confirmed it had suspended the construction works in wind farm Cogealac in the end of August. The wind farm Cogealac and nearby wind farm in Fantanele, in Constanta County in Dobrogea region, will have combined output of 600 MW and overall cost of the project will reach 1.1 billion euros.

In August, CEZ said that project in Cogealac was stalled due to disputes with local authorities, which did not ap-prove construction permits. CEZ said it had acquired all necessary approvals two years ago. In Fantanele, CEZ has installed 115 turbines, and 90 of them were connected to electricity grid.

§ § §

Hidroelectrica posted 48 % rise in profit in January-July (Romania)

The largest electricity producer in Romania, Hidroelectrica, said it had posted operating profit of 207 million euros in period January-July, which was 48 % higher compared to the same period last year.

In the same time, gross profit reached 77.2 million euros (+73 %). General manager of Hidroelectrica, Mihai David, said that favorable results were the consequence of high precipitation as well as good maintenance of the hydro-power plants

General manager of Hidroelectrica said that, in the next five to seven years, Hidroelectrica should invest 3 billion

25


euros for construction of 50 HPPs through joint venture projects.

The projects will include pump storage HPP Tarnita-Lapus-testi (1,000 MW, 1.3 billion euros), HPP on Olt River (25 MW, 71 million euros), eleven HPPs on Buzau River (overall out-put of 110 MW, 325 million euros), ten HPPs on Mures River (40 MW, 249 million euros), seven HPPs on Aries River (30 MW, 246 million euros), 19 HPPs on Somes River (60 MW, 626 million euros) and two HPPs on Siret River (100 million euros).

The investment program will include refurbishment of HPPs Stejaru, Mariselu, Vidraru, Galceag and Raul Mare Re-tezat.

David announced that company should publish proposals for partnership in these projects. In the same time, Hidroe-lectrica should send letters of invitation to major European companies. David also said that Hidroelectrica would build HPP Islaz (28 MW) by itself.

In 2009, Hidroelectrica produced 27 % of electricity in Ro-mania. The company is majority owned by the state; it has 5,000 employees and operates over 300 HPPs with overall output of 6,300 MW. According to plans, the company will be separated in two parts and it will become part of two in-tegrated energy companies, Electra and Hidroenergetica.

§ § §

Transelectrica to invest 250 million euros in Dobrogea region (Romania)

Electricity transmission company Transelectrica (TEL) an-nounced it would invest some 250 million euros in Dobro-gea region in the next 5-6 years. The funds will be invested for construction of eight high voltage substations and number of power lines, which will connect some 4,000 MW in wind farms to the national grid.

The head of corporate strategy division of TEL, Razvan Purdila, said that investments plans would be coordinated with investors in wind farms. Purdila confirmed that inves-tors have signed contracts for connecting of some 3,600 MW in wind farms so far.

§ § §

ButanGas to put in service 25 MW wind farm in January 2011 (Romania)

ButanGas, one of the biggest distributors of liquefied pe-troleum gas (LPG) in Romania, announced it would put in service 25 MW wind farm Silistea 1 in Constanta County in January 2011.

The cost of the project is 44 million euros. The wind farm will be located near Tortoman commune and it will have 10 wind turbines, manufactured by General Electric. The project was originally developed by local company Rom-construct Top, in which ButanGas acquired 90 % stake.

According to national transmission company Transelectri-ca, Romconstruct Top has already signed contract for con-nection of wind farm to the grid.

The wind farm in Constanta is considered as the compa-ny’s first step in renewable energy sector, which was an-nounced in 2007. ButanGas also said it had initiated similar projects in Europe, which are in different stages.

§ § §

Gazprom: Romania confirmed interest in South stream project (Romania)

Russian Gazprom said that Romania has confirmed interest for participation in natural gas project South stream dur-ing the talks on cooperation in energy sector, which took place in Bucharest in the first week of September. The Rus-sian delegation was led by Leonid Chugunov, the head of South stream project department.

The delegation of Gazprom had talks with officials of min-istry of economy and foreign affairs of Romania, as well as with representatives of Romgaz, Transgaz and Conpet. Two sides especially discussed potential cooperation in storage of natural gas and electricity production in Roma-nia. Gazprom and Romanian officials agreed on holding another meeting regarding cooperation in energy sector very soon.

§ § §

Hidroelectrica doubled deliveries on power exchange (Romania)

In period January-July 2010, electricity producer Hidroe-lectrica has sold 659 GWh of electricity on domestic power exchange OPCOM compared to 345 GWh in the last year.

In the same time, the company produced some 11.4 TWh of electricity. The seven-month production was 15 % higher compared to the last year due to favorable precipitation.

The company said that rest of the output was sold through short-term or long-term contracts, to the large industrial customers and through over-the-counter transactions. Hidroelectrica also said that sale prices varied between 28 euros/MWh and 37.5 euros/MWh.

§ § §

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EPS signed 40 million euros loan with EBRD (Serbia)

In the beginning of September, general manager of Power utility of Serbia (EPS) Dragomir Markovic and Hildegard Gacek, director of European bank for reconstruction and development (EBRD) for Serbia signed the 40 million euros loan agreement. The maturity of the loan is 12 years, with three years of grace period, while interest rate stands at 2 % at the moment.

During the same occasion, minister of finances Diana Dragutinovic and Hildegard Gacek signed the agreement on providing the state guarantees for the project.

The purpose of the EBRD’s loan is the purchase and instal-lation of 250,000 smart electricity meters in the next five years in order to reduce losses and to increase collection rate of electricity bills. According to plans, in the next two years, EPS should install new meters in the cities with the highest rate of electricity losses related to illegal consump-tion.

Head of EPS said that the EBRD’s loan was the beginning of the first phase of establishment of centralized system for management of distribution network. According to Markovic, some 4 % of electricity consumption is related to electricity thefts, where annual loss stands at some 60 million euros.

Markovic announced that preparation of tenders for pur-chase of new meters would start soon. The last five tenders failed due to complaints of the bidders.

Overall worth of EPS’s project regarding installation of smart electricity meters is 80 million euros. The rest of 40 million euros should be provided by European investment bank, with which EPS should sign similar loan contract in a month.

EBRD’s director reminded that EBRD has granted some 460 million euros of loans to EPS so far. In the same time, over-all investments of EBRD in Serbia reached 2.1 billion euros. Gacek said that the new loan will reduce losses, it will in-crease collection rate and reduce emission of greenhouse gasses, and in the same time, EPS should be getting smart electricity distribution network.

§ § §

Government: no increase in electricity prices in 2010 (Serbia)

Prime minister of Serbia Mirko Cvetkovic said that changes in electricity prices would not be considered in this year. The statement came after Power utility of Serbia (EPS) said it had submitted request to Energy agency (EA) regarding the increase in electricity prices.

Media said that EPS proposed 5-10 % increase in prices. EPS is obliged to acquire official opinion of EA before sub-mitting the final proposal to the government.

The electricity prices were increased last time by 10 % in average in March. In August, EPS announced it should de-mand second increase in prices.

§ § §

TPP Kostolac B put in service new coal ash transportation system (Serbia)

In the beginning of September, new coal ash transporta-tion and disposal system in thermal power plant (TPP) Ko-stolac B (2x300 MW) was put in service. The new system will significantly reduce environmental pollution and it will enable safe disposal of coal ash for two units in the next 20 years.

The cost of the project was 35 million euros, where 25 mil-lion euros was provided by European bank for reconstruc-tion and development (EBRD), and the rest was provided by Power utility of Serbia (EPS).

The project was the largest environmental project in EPS and it has been carried out by German consortium Dober-sek- Möller, which delivered and installed the most of the equipment.

§ § §

Start of construction of regional natural gas pipelines (Serbia)

In the beginning of September, prime minister of Serbia Mirko Cvetkovic officially marked the start of construction of the first section of the high-pressure natural gas pipe-line, which will connect cites Nis, Leskovac and Vranje in Southern Serbia. The official ceremony was also attended by ambassador of Russia Aleksandar Konuzin.

The first section, 52 km long, will connect Nis and Lesko-vac and its cost should reach 16 million euros. The govern-ment said that project would enable extensive gasification of the region.

The project is being developed by Jugorosgas, a joint ven-ture of Gazprom and Serbia’s Srbijagas. Overall length of the pipeline (between Nis and Vranje) will be 120 km and overall cost of the project should reach 40 million euros.

The maximum capacity of the pipeline will be 800 million cbm per year, while the capacity toward Leskovac would be 400 million cbm per year. The project will include con-

27


struction of number of extensions and natural gas network in smaller cities in the region.

§ § §

EPS produced 23.9 TWh in period January-August (Serbia)

In period January-August, Power utility of Serbia (EPS) has produced 23.9 TWh of electricity, which was 0.4 % higher compared to the same period last year and 2 % higher than planned.

Thermal power plants (TPPs) produced 15.3 TWh, while hydropower plants (HPPs) produced 8.6 TWh. Due to fa-vorable precipitation, output in HPPs was higher than planned.

§ § §

Government considers increase in natural gas prices (Serbia)

Government of Serbia confirmed it has been considering potential increase in natural gas prices. The issue has been discussed by ministries of finances, energy and trade and natural gas company Srbijagas.

Srbijagas said it had already prepared the request for in-crease in prices. However, general manager of Srbijagas, Dusan Bajatovic, said that this decision has both social and political impact, so that company would not submit the request if government was against it.

Srbijagas earlier announced that natural gas prices should be increased by 18.2 %, due to currency differences and low collection rate of the natural gas bills. Srbijagas said that Energy agency (EA) also approved the amount of po-tential increase.

If the price increase was not approved, the annual financial loss of Srbijagas should reach some 150 million euros. The company warned that liquidity problems could disrupt regular natural gas supply, which could also affect heating plants in the country. In this moment, overall debts of the customers toward Srbijagas stand at 430 million euros.

Srbijagas also said that decision on new prices should be known before the prolonging the annual supply contract with Gazprom, which should take place in December. Gazprom delivers some 2.2 billion cbm of natural gas to Serbia.

General manager of Srbijagas, Dusan Bajatovic said that company had secured 60-day emergency reserves, which

are stored in underground storage facility in Banatski Dvor.

§ § §

Feasibility study for South stream project to be completed soon (Serbia)

General manager of natural gas company Srbijagas, Dusan Bajatovic, announced that feasibility study for Serbian sec-tion of natural gas pipeline South stream should be com-pleted soon.

Bajatovic said that South stream pipeline would enter Ser-bia near city of Zajecar, on Bulgarian border, while the exit point will be near city of Subotica. on Hungarian border.

Overall length of the Serbian section of the pipeline will be 470 km, while annual capacity should stand at 40 bil-lion cbm, Bajatovic said. The pipeline should also have two extensions, toward Bosnia and Herzegovina and Croatia.

Company / organization: EBRD, related Montenegro

Announcement: EPCG Metering Proj. Goods, works, services & consultancy

Content: Elektroprivreda Crne Gore (“EPCG”) has applied for a loan from the European Bank for Reconstruction and Development (the “Bank”) towards the cost of modernising the electricity distribution infrastruc-ture in Montenegro to enable EPCG to reduce losses, improve the quality and reliability of supply, and im-prove energy efficiency.

The proposed project has a total estimated cost of Euro 43 million, of which EUR 38 million is proposed to be financed by the EBRD, and will require the procurement of the following consultancy services, goods, works and services for:

(a) Goods and related services for purchasing of me-tering equipment for medium voltage, and the in-stallation of the aforementioned items;

(b) Goods and related services for purchasing of me-tering equipment for low voltage with remote read-ing and remote disconnection capabilities, and for cables, pillars, metering boxes, and auxiliary equip-ment for the installation of the aforementioned items;

(c) Supplies and services for supply, implementation and training of software for remote management, remote reading, and measurement database

Tenders:

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Content: (d) Consulting services to support the Project Imple-mentation Unit established by EPCG.

Tendering for contracts under (d) above is expected to begin in the final quarter of 2009, and for the rest of the Project in the second quarter of 2010. Thesecomponents are anticipated to be financed princi pally by the EBRD.

Contracts to be financed with the proceeds of a loan from the EBRD will be subject to its Procurement Policies and Rules and will be open to firms from any country. The proceeds of the EBRD’s loan will not be used for the purpose of any payment to persons or entities, or for any import of goods, if such payment or import is prohibited by a decision of the United Nations Security Council taken under Chapter VII of the Charter of the United Nations or under a law or official regulation of the purchaser’s country.

Deadline: 3 November 2010 at 23:00, local time time

Contact: Mr Velimir StrugarDeputy DirectorFunctional Unit DistributionUl. Ivana Milutinovića 12,PodgoricaMontenegroFax: +382 20 241 235E-mail: [email protected]

Company / organization: EBRD, related Bulgaria

Announcement: Bulgartransgaz Silistra, Kozloduy, Oryahovo Developmen

Content: Bulgartransgaz Silistra, Kozloduy, Oryahovo De-velopment Bulgartransgaz EAD (the “Employer”) intends to use the proceeds of the Grant funds provided by the Kozloduy International Decommis-sioning Support Fund (the “KIDSF”), administered by the European Bank for Reconstruction and Develop-ment (the “Bank”) and its own resources to finance the cost and complete the Project for delivery and construction of high pressure gas pipeline to, and gas regulation stations in Silistra, Kozloduy and Oryiahovo.The Project, which has a total estimated cost of EUR 23.2 million, will require the following deliveries and construction services:A. Delivery of steel pipes and fittings for a gas pipe-line. B. Delivery of gas valves. C. Automatic Gas Regulation Stations (AGRS). D. Construction of high pressure gas pipelines and gas regulation stations. Construction and Commissioning of about 70 km gas transmission pipeline, optical fiber cable line within the gas pipeline easement and two AGRS.More info on:http://www.ebrd.com/oppor/procure/opps/goods/general/090901a.htm

Deadline: 1 September 2010 at 00:00, Sofia time

Contact: Mr. Angel SemerdjievExecutive Director Bulgartransgaz EAD66, Pancho Vladigerov Blvd. Sofia 1336 BulgariaFax : + 359 29396462e-mail: [email protected]


Announcement: Energy efficiency rehabilitation at Martisa East mines

Content: . “Mini Maritza East” EAD (the “Employer”) intends using the proceeds of the grant funds provided by the “Kozloduy International Decommissioning Sup-port Fund” (the “KIDSF”), administered by the Eu-ropean Bank for Reconstruction and Development (the “Bank”) and of its own financial sources towards the cost of design, implementation and consultancy services for:

A. Construction (Supply and Installation of Plant and Equipment) of on-line load control of the operation of the belt conveyors and excavators at “Mini Mar-itza East” EAD, Bulgaria.

It shall include design, engineering, procurement, delivery, construction, installation, pre-commis-sioning and commissioning of on-line load control system (including software) to overburden remov-al, transportation and spreading facilities of Troy anovo-1, Troyanovo-North and Troyanovo-3 Mines.The procurement of the contract is expected do be-gin in the beginning of the second quarter of 2010.

B. Rehabilitation (Supply and Installation of Plant and Equipment) of the power supply system thatshall include design, engineering, procurement,delivery, construction and installation of plant and equipment of 4 off installation platforms required for the construction of new mobile sub-stations20/6 kV and their transfer in Troyanovo-North Mines at “Mini Maritza East” EAD, Bulgaria C. Rehabilitation (Supply and Installation of Plant and Equipment) of the substations, including installation of new power transformers for Troyanovo-North and Troyanovo-3 Mines at “Mini Maritza East” EAD, Bulgaria.

D. PIU Consultancy service for advising the Employer in the procurement of the projects financed and co-financed from the Kozloduy International Decom-missioning Support Fund.

More info on:http://www.ebrd.com/oppor/procure/opps/goods/general/090925a.htm

Deadline: 24 September 2010 at 24:00, Stara Zagora time

Contact: Mr. Todor TodorovExecutive Director“Mini Maritza Iztok” EAD6260 Radnevo13 Georgy Dimitrov Str.Stara Zagora districtBulgariaFax : + 359 417 82417Email: [email protected]

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Company / organization: EBRD, related Serbia

Announcement: Srbijagas - Services, Works, Goods

Content: Srbjiagas intends using the proceeds of a loan from the European Bank for Reconstruction and Develop-ment for a project to optimize its capital structure through replacing emergency bridge loans with long term financing; undertake urgent works aimed at preserving the pipeline network integrity, and build a new underground gas storage facility. The proposed project, which has a total estimated cost of EUR150 million equivalent, will require the procure-ment of the following goods, works and services:

- Works: Pipeline network rehabilitation, including environmental protection and safety upgrade; and construction of a new underground gas storage fa-cility- Goods: Components for the pipeline network reha-bilitation (pipes, valves and fittings); Equipment and components for the new underground gas storage facility- Consultancy services: PIG survey fitness for pur-pose study; PIU support including procurement; Ba-sic design for the underground gas storage facility; feasibility study for storage/design/preparation of tender documents; feasibility study for interconnec-tion; Integrated Strategic Expansion plan study for Srbjiagas; and a Lenders Technical MonitorTendering for the above contracts is expected to begin at the end of the first quarter of 2010 for the consultancy services, and during the third quarter of 2010 for goods and works contracts.

Deadline: 17 February 2011, Belgrade time

Contact: JP Srbijagas, 12 Narodnog Fronta,21000 Novi Sad, SerbiaTel: +381 21 481 2703Fax: +381 21 481 4305 Email: [email protected]


Announcement: National Radioactive Waste Disposal Facility

Content: The Kozloduy International Decommissioning Sup-port Fund (KIDSF) has been established and is ad-ministered by the European Bank for Reconstruction and Development (EBRD). One of the purposes of this Fund is to finance, or co-finance preparation and implementation of selected projects, which would require procurement of goods, works and services for establishment of the National Disposal Facility for Low and Intermediate Level Short Lived Radioactive Waste in an environmentally safe and cost effective manner.

A Project Management Unit has been established and is in operation at State Enterprise Radioactive Waste to manage the projects notified below.

This General Procurement Notice draws attention to the following new upcoming procurement activi-ties:• Pre-disposal Monitoring of the Radiana Site - Geo-desic Monitoring

• Pre-disposal Monitoring of the Radiana Site – Geo-technical Monitoring and Analysis

This project is for Geotechnical monitoring and anal-ysis of the Radiana site. The work

• Pre-disposal Monitoring of the Radiana Site - Seis-mic Monitoring

• Pre-disposal Monitoring of the Radiana Site – Geo-dynamic Monitoring

• Pre-disposal Monitoring of the Radiana Site – Hydr-ogeological Monitoring and Geochemical Analysis

• Pre-disposal Monitoring of the Radiana Site – Ra-diological Monitoring

• Pre-disposal Monitoring of the Radiana Site – Me-teorological Monitoring

• Preparation of the Radiana Site

• Technical Design and ISAR preparation for National Disposal Facility

More info on: http://www.ebrd.com/oppor/procure/opps/goods/general/091130a.htm

Deadline: 29 November 2010 at 23:59, Bulgaria time

Contact: Mr. Boris PekovExecutive DirectorState Enterprise Radioactive WasteBlvd, James Bourchier 51, fl.18Sofia 1407BulgariaFax. + 359 2962 5078e-mail: [email protected]

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Announcement: Sofia District Heating Rehabilitation

Content: The Kozloduy International Decommissioning Sup-port Fund (KIDSF), administered by the European Bank for Reconstruction and Development (EBRD), was established in 2001 for the support of the de-commissioning of Units 1-4 of the Kozloduy Nuclear Power Plant. One of the purposes of this Fund is to finance or co-finance preparation and implemen-tation of selected projects that aim the necessary restructuring, upgrading and modernization in vari-ous Bulgarian industry sectors consequential to fi-nal shutdown of Units 1-4 of the Kozliduy Nuclear Power Plant.

Toplofikacia Sofia EAD, the single owned joint stock district heating company serving the city of Sofia carried out the rehabilitation of the centralized dis-trict heating system in the city. The District Heating Rehabilitation Project comprised the modernization of district heating substations, replacement of pipe-lines, compensators, valves, thermal insulation of over-ground pipelines, conversion to variable flow of the Sofia district heating network.

Toplofikacia Sofia EAD intends to use additional grant funds of the Kozloduy International Decom-missioning Support Fund (KIDSF) for continuation of the Project for replacement of the left, old, not au-tomated substations in Sofia district heating system. These funds shall be used for delivery, installation, testing and commissioning of: individual heating substations units for space heating and domestic hot water including. heat exchangers, circulation pumps, control valves and automation devices.

Tendering for the above contracts is expected to be-gin in the first half of 2010. In case the KIDSF does not grant these additional funds to Toplofikacia So-fia, the tender procedure shall be cancelled.

The budget for the project, subject of this GPN is about EUR 10 million.

Deadline: 19 January 2011 at 23:59, Bulgaria time

Contact: “Toplofikacia Sofia” EADMrs. Anastasiya Markova, PIU ManagerTel: +359 2 8593171Fax: +359 2 8599124Email: [email protected]

Company / organization: EBRD, related Serbia

Announcement: EPS: Consultancy Services, Services, Works, Goods

Content: EPS has applied for a loan from the European Bank for Reconstruction and Development towards the cost of modernizing the electricity distribution in-frastructure in Serbia to enable EPS to reduce losses, improve the quality and reliability of supply, and im-prove energy efficiency.

The proposed project has a total estimated cost of 80 million EUR, of which 40 million EUR is proposed to be financed by the EBRD, and 40 million EUR by the European Investment Bank (EIB). The project will require the procurement of the following consultan-cy services, goods, works and services to be funded by the EBRD for:

1. Goods and related services for purchasing of me-tering equipment for medium voltage, and the in-stallation of the aforementioned items;

2. Goods and related services for purchasing of me-tering equipment for low voltage with remote read-ing and remote disconnection capabilities, and for cables, poles, metering boxes, and auxiliary equip-ment for the installation of the aforementioned items;

3. Supplies and services for supply, implementation and training of hardware and software with the ca-pabilities of remote management, remote reading, and a measurement database

4. Consulting services to support the Project Imple-mentation Unit established by EPS.

Deadline: 17 February 2011 at 23:00, Belgrade time

Contact: EPS, Balkanska 13Belgarde 11000, SerbiaEmail: [email protected]: +381 11 3611 434Fax: +381 11 3611 908

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Company / organization: EBRD, related Bosnia and Herzegovina

Announcement: BH Gas D.O.O. Sarajevo (General)

Content: BH-Gas intends to use the proceeds of a loan from the European Bank for Reconstruction and Devel-opment („EBRD“) and its own resources towards the costs of high-pressure gas pipeline construc-tion in Central Bosnia Canton enabling gasification of 4 municipalities - Travnik, Vitez, Busovaca, Novi Travnik - in this Canton.

The proposed project has an estimated cost of EUR 17,0 million, proposed to be financed by the EBRD, and will require the following deliveries and con-struction services:

A. Line Pipe Supply: Delivery of steel pipes for high pressure gas pipeline, which are DN 400 (16, cca 41 km) and DN 200 (8, cca 7 km)

B. Basic Equipment Supply: 4 block stations, 2 Pig Launcher/Receiver Stations

C. Metering & Regulator Station Supply: 4 MRS

D. Pipeline Construction

E. Construction Supervision

Prequalification for all of the above contracts is ex-pected to begin by the end of second quarter 2010.

Deadline: 8 April 2011 at 24:0, Sarajevo time

Contact: BH-Gas d.o.o. SarajevoHamdije Cemerlica 271000 Sarajevo, Bosnia and HerzegovinaTel: +387 33 279 000 Fax: 00 387 33 661 621Email: [email protected]@bh-gas.ba

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