29
Actual data » Power sector operational and market data for the period of 1.06.-15.6.2009 » Forecasted weather conditions for the following period § § § Analysis: » Existing, recent and planned capacity increase of existing Hydro Power Plants § § § News headlines Albania » EVN and Statkraft started with 3 HPP construction » Construction works on oil terminal Vlora Bosnia and Herzegovina: » EP BiH: 2.5 billion euros of investments until 2020 » Sources: CEZ demands 60 million euros for stalled project in TPP Gacko » KazTransGaz and Zenica municipality founded joint venture company » BH Gas and E.ON Ruhrgas signed cooperation protocol » Government of Japan approved 131 million dollars loan for TPP Ugljevik » EP BiH to sell 265 GWh of electricity in period July- December » Sources: Srbijagas to takeover Gas Promet » Natural gas prices to be reduced by 22-23 % from July 1 » TPP Gacko produced 185 GWh of electricity in May » EP BiH and EP HZHB warned on possible increase in 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. About: Disclaimer: Balkan Energy News office www.NEWS.BalkanEnergy.com [email protected] Subscriptions & info: [email protected] www.news.balkanenergy.com/request.php +381 64 820 90 31 In this issue: Balkan Energy NEWS consulting: BalkanEnergy NEWS Consulting Consulting, intellectual and assistance services related to energy business in South Eastern Europe Why Balkan Energy NEWS consulting? - More then four years in consulting business for SEE Energy Sector - More then three years leading info provider for energy business in SEE. For more information contact us on [email protected] Energy News in Southeast Europe two issues per month № 2009-VI/1 17.06.2009 Main focus of Balkan Energy NEWS is energy related news from coun- tries of South East Europe. Countries involved are: Albania, Bulgaria, Bosnia and Herzegovina, Croatia, Greece, FYR Macedonia, Montene- gro, Romania, and Serbia. Besides all regional energy related news, we are giving you in each issue one market analysis and review of the tenders announced and held in this area. You will be also able to see review of relevant power exchanges. News are published to subscribers only as an .pdf edition, two times per month Contact: June (1) 2009 edition of Balkan Energy NEWS, with limited data. You can request free trial / latest issue on [email protected]

Energy News in Southeast Europe two issues per …Romania: » Report on energy resources in period January-April » Petrom started construction of 860 MW power plant in Brazi » EnergoNuclear

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Page 1: Energy News in Southeast Europe two issues per …Romania: » Report on energy resources in period January-April » Petrom started construction of 860 MW power plant in Brazi » EnergoNuclear

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

1.06.-15.6.2009 » Forecasted weather conditions for the following period

§ § §

Analysis:

» Existing, recent and planned capacity increase of existing Hydro Power Plants

§ § §

News headlines

Albania » EVN and Statkraft started with 3 HPP construction » Construction works on oil terminal Vlora

Bosnia and Herzegovina: » EP BiH: 2.5 billion euros of investments until 2020 » Sources: CEZ demands 60 million euros for stalled project

in TPP Gacko » KazTransGaz and Zenica municipality founded joint

venture company » BH Gas and E.ON Ruhrgas signed cooperation protocol » Government of Japan approved 131 million dollars loan for

TPP Ugljevik » EP BiH to sell 265 GWh of electricity in period July-

December » Sources: Srbijagas to takeover Gas Promet » Natural gas prices to be reduced by 22-23 % from July 1 » TPP Gacko produced 185 GWh of electricity in May » EP BiH and EP HZHB warned on possible increase in

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.

About:

Disclaimer:

Balkan Energy News officewww.NEWS.BalkanEnergy.com

[email protected]

Subscriptions & info:[email protected]

www.news.balkanenergy.com/request.php+381 64 820 90 31

In this issue:

Balkan Energy NEWS consulting:

BalkanEnergy NEWS Consulting

Consulting, intellectual and assistance services related to energy business in South Eastern Europe

Why Balkan Energy NEWS consulting?

- More then four years in consulting business for SEE Energy Sector- More then three years leading info provider for energy business in SEE.

For more information contact us on [email protected]

Energy News in Southeast Europetwo issues per month № 2009-VI/1 •17.06.2009

Main focus of Balkan Energy NEWS is energy related news from coun-tries of South East Europe. Countries involved are: Albania, Bulgaria, Bosnia and Herzegovina, Croatia, Greece, FYR Macedonia, Montene-gro, Romania, and Serbia. Besides all regional energy related news, we are giving you in each issue one market analysis and review of the tenders announced and held in this area. You will be also able to see review of relevant power exchanges.

News are published to subscribers only as an .pdf edition, two times per month

Contact:

June (1) 2009 edition of Balkan Energy NEWS,

with limited data.

You can request free trial / latest issue on

[email protected]

Page 2: Energy News in Southeast Europe two issues per …Romania: » Report on energy resources in period January-April » Petrom started construction of 860 MW power plant in Brazi » EnergoNuclear

2

Issue No: 2007-III/1Balkan Energy NEWS, e-journal Issue No: 2009-VI/1 - issue covers period 1.6.2009-15.6.2009

electricity prices

Bulgaria: » Energoni to build 100 MW in wind farms by 2011 » E.ON to invest 36 million euros in electricity grid in

2009 » Regulator presented proposal on new electricity and

heating prices » Natural gas prices to be reduced by 33.14 % starting

from July 1 » TPP Varna finished regular overhauls of units 2, 4 and 5

Croatia: » EIB paid first installment of 25 million euros to Plinacro » Government wants to double natural gas import from

Russia » Koncar won three contracts for renewal of substations

in Albania » Plinacro posted 9.5 million euros in period January-

April » MOL took over management of INA; Competition

council ordered INA and MOL to reduce their market share

Greece » Edison SpA interested in DEPA (Greece) » GDF Suez to purchase 50% stake in two power plants

Macedonia: » EVN Macedonia has filled an appeal against Regulatory

Commission » Spanish Inval to build wind parks in Macedonia » Minister Fatmir Besimi excluded from EVN-ELEM court

case » Macedonia aims nuclear power plant

Montenegro: » EPCG: possible power cuts this summer » EPCG: 17 million euros of losses in 2008 » Administrative court cancelled decision on increase in

electricity prices » Minority shareholders in EPCG offered cooperation to

A2A » Italy ready to invest 4-5 billion euros in energy sector

Romania: » Report on energy resources in period January-April » Petrom started construction of 860 MW power plant in

Brazi » EnergoNuclear to launch tenders for equipment for

units 3 and 4 in NPP Cernavoda » Natural gas pipeline Arad-Szeged to be completed in

September, commercial operation to start in 2010 » Nuclearelectrica posted 27.9 million euros of profit in

2008 » Transelectrica signed the contract for feasibility study for

submarine power cable » Romgaz and Gazprom signed Memorandum of

understanding » Ministry of economy presented proposal on structure of

two integrated energy companies » Regulator: electricity prices for households to remain

unchanged from July 1

Serbia: » EPS and SECI Energia signed agreement for feasibility

studies for HPPs on Ibar » Energy minister: electricity tariffs for renewable energy

sources to be approved by July 1 » Local companies owe 330 million euros to NIS » Negotiations with Chinese companies on construction of

HPP Djerdap 3 » EPS to invest 1.2 billion euros for ecological projects » Srbijagas and Gazprom agreed on start of loading the

facility in Banatski Dvor » EIB granted 24.5 million euros to EMS » EPS: reduced electricity consumption and increased elec-

tricity export§ § §

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

Page 3: Energy News in Southeast Europe two issues per …Romania: » Report on energy resources in period January-April » Petrom started construction of 860 MW power plant in Brazi » EnergoNuclear

Balkan Energy NEWS publication• Energy news for SEE countries

• Power market data per country (consumption/generation/export)

• Electricity exchange trading data (HUPX, OPCOM, EEX, BSP)

• Market analysis

• Auctions for allocation of Available Transmission Capacities (ATC)

• Energy tenders

NEWS: Our articles cover everything what can be important for producers, consumers traders and investors: ongoing projects for

electricity generation, announced projects for electricity generation, changes in legislation, privatizations, hot topics, announce-

ments for tenders, tender results, renewable energy, investments in transmission and distribution grid, electricity generation, con-

sumption, export info, actualities related to natural gas and oil sectors, in fields of production and exploration of hydrocarbons and

pipeline projects.

DATA: Our publication gives you overview of all important data on electricity generation, consumption, export, for both hourly and

daily values, which is also delivered to subscribers in excel file (including tables and graphs). Electricity trading data, for day ahead

and futures on important European power exchanges (HUPX, OPCOM, EEX, BSP) is also published, with annual comparisons and dif-

ferences. Monthly auctions for allocation of Available Transmission Capacity (ATC) for relevant borders are also included.

ANALYSES: What makes us different from other news providers? Beside all important energy related news, in each edition we are

publishing one market analysis, on various topics. List of already published editions (with analyses) can be found on our website (is-

sues from 2006, 2007 and 2008 are free for download, as well as sample issues from recent years).

TRADITION: Since 2005, we have published 210 editions of Balkan Energy NEWS publication. Balkan Energy NEWS service exists for

over 10 years, and during that period, we earned trust of major European utilities, generators, energy traders and investment banks

Annual company subscription - 800 EURTwo editions each month - 24 editions per subscription!

Page 4: Energy News in Southeast Europe two issues per …Romania: » Report on energy resources in period January-April » Petrom started construction of 860 MW power plant in Brazi » EnergoNuclear

Country Reports on Energy BusinessFor our “We are more than a news service” campaign, we prepared several Country Reports on Energy Business in

South Eastern Europe. At the moment we have available up-to-date country reports for Bulgaria, Romania, Slove-

nia, Croatia, Bosnia and Herzegovina, Montenegro, Serbia and FYR Macedonia. For each country, our reports

give description and data on:

• Overview of the electricity market,

• Consumption, production and export characteristics

• Actualities – hot topics

• Key market players,

• Legislation and electricity market opening

• Electricity prices and tariffs,

• Potentials for investments in power generation,

• Privatizations in power industry

• Current state of RES sector

Price of individual reports is 290 EUR per country, and they are updated every three months. For each ordered report, you will receive

updates during one year period, free of charge. For ordering all of the reports together, additional discount can be applied.

Subscribers of Balkan Energy NEWS publication are entitled to additional discounts on Country Reports orders.

• Country Report on Energy Business in Bosnia and Herzegovina – 67 pages

• Country Report on Energy Business in Bulgaria – 72 pages

• Country Report on Energy Business in Croatia – 61 pages

• Country Report on Energy Business in Macedonia – 51 pages

• Country Report on Energy Business in Montenegro – 59 pages

• Country Report on Energy Business in Romania – 72 pages

• Country Report on Energy Business in Serbia – 80 pages (free to download)

• Country Report on Energy Business in Slovenia – 42 pages

If you wish to order Country Reports on Energy Business or have any questions, contact us on:

Email: [email protected]

Tel: +381 64 820 90 31

40% discount on April 2014 update of Country Reports

(290 EUR instead of 490 EUR)

Page 5: Energy News in Southeast Europe two issues per …Romania: » Report on energy resources in period January-April » Petrom started construction of 860 MW power plant in Brazi » EnergoNuclear

5

Issue No: 2007-III/1Balkan Energy NEWS, e-journal Issue No: 2009-VI/1 - issue covers period 1.6.2009-15.6.2009

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 23 241.6.2009 1206 1135 1135 1134 1131 1143 1277 1586 1690 1733 1744 1771 1740 1745 1766 1764 1756 1738 1736 1793 1928 1876 1649 14972.6.2009 1301 1189 1182 1165 1174 1194 1311 1652 1824 1869 1892 1891 1885 1868 1882 1844 1808 1809 1799 1840 1925 1974 1686 14443.6.2009 1350 1244 1223 1224 1229 1212 1425 1675 1857 1883 1863 1883 1861 1854 1899 1858 1836 1802 1773 1818 1925 1971 1786 15554.6.2009 1399 1326 1303 1294 1291 1301 1425 1778 1970 2026 1997 2034 1996 1996 2028 2031 1981 1983 1953 1994 2034 2099 1860 16305.6.2009 1441 1392 1390 1378 1381 1400 1475 1820 1934 1976 1964 1993 1962 1946 1971 1975 1934 1906 1874 1897 2016 2120 1853 16666.6.2009 1360 1262 1223 1209 1212 1214 1300 1461 1615 1661 1670 1674 1665 1674 1661 1650 1629 1592 1633 1626 1620 1396 1273 11187.6.2009 1317 1224 1199 1193 1177 1192 1210 1340 1457 1528 1591 1632 1601 1544 1500 1487 1464 1433 1336 1356 1483 1586 1483 13138.6.2009 1195 1119 1109 1074 1078 1092 1248 1680 1815 1880 1850 1905 1851 1872 1895 1877 1857 1815 1774 1801 1893 2003 1740 14889.6.2009 1335 1232 1203 1211 1221 1218 1353 1717 1803 1869 1839 1872 1861 1871 1890 1881 1872 1816 1795 1805 1909 2045 1759 158210.6.2009 1447 1322 1286 1274 1287 1323 1459 1821 1929 1974 1967 2004 1978 1982 1996 1998 1989 1933 1913 1914 2047 2147 1862 166411.6.2009 1440 1345 1316 1316 1301 1317 1436 1810 1915 1954 1956 1971 1978 1973 1991 1985 1960 1903 1881 1873 2011 2092 1821 162612.6.2009 1419 1332 1310 1308 1323 1308 1436 1806 1908 1951 1943 1958 1971 1974 1990 1967 1946 1903 1858 1861 1994 2116 1875 163713.6.2009 1356 1262 1216 1222 1216 1227 1335 1490 1613 1680 1683 1691 1690 1676 1693 1679 1643 1611 1579 1587 1688 1827 1649 152014.6.2009 1338 1246 1179 1192 1179 1144 1189 1363 1499 1582 1620 1651 1625 1583 1550 1534 1527 1511 1503 1528 1637 1777 1673 152815.6.2009 1381 1282 1248 1240 1233 1256 1502 1836 1944 1994 2003 2030 2047 2035 2076 2062 2036 1913 1957 1939 2017 2143 1909 1671Average: 1352 1261 1235 1229 1229 1236 1359 1656 1785 1837 1839 1864 1847 1840 1853 1839 1816 1778 1758 1775 1875 1945 1725 1529

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 241.6.2009 938 868 833 829 828 868 985 1190 1287 1322 1337 1339 1346 1336 1364 1360 1348 1328 1332 1376 1455 1416 1203 11082.6.2009 993 906 864 849 857 870 1002 1218 1328 1372 1384 1405 1377 1381 1391 1361 1330 1320 1313 1335 1402 1454 1260 10813.6.2009 1015 903 870 853 868 862 1065 1178 1293 1318 1291 1293 1294 1290 1317 1295 1249 1221 1200 1235 1346 1412 1297 11314.6.2009 984 906 873 859 853 880 1001 1185 1281 1329 1302 1315 1310 1306 1331 1349 1296 1301 1270 1310 1376 1437 1302 11215.6.2009 978 900 868 842 854 885 998 1199 1292 1330 1318 1336 1325 1312 1334 1337 1296 1268 1233 1256 1348 1456 1295 11486.6.2009 1015 921 879 858 846 848 934 1098 1238 1296 1309 1295 1303 1314 1306 1291 1259 1217 1277 1270 1263 1257 1257 12657.6.2009 999 905 871 845 836 810 864 1026 1151 1261 1293 1291 1256 1244 1202 1192 1162 1133 1158 1179 1274 1362 1249 10818.6.2009 949 867 854 810 828 843 972 1188 1263 1321 1300 1345 1312 1326 1352 1344 1311 1268 1226 1249 1330 1456 1342 11389.6.2009 1016 922 880 866 871 866 1008 1169 1264 1329 1287 1320 1336 1341 1373 1360 1346 1280 1261 1263 1313 1464 1333 119910.6.2009 1055 945 900 885 895 932 1044 1214 1322 1365 1362 1382 1379 1382 1418 1420 1389 1328 1308 1307 1378 1481 1355 121011.6.2009 1030 956 913 901 886 919 1010 1196 1308 1349 1345 1371 1375 1375 1386 1384 1353 1295 1268 1259 1342 1425 1314 116312.6.2009 1021 927 901 881 891 893 1005 1187 1301 1348 1342 1354 1361 1365 1383 1360 1334 1288 1242 1257 1324 1450 1343 118113.6.2009 1043 950 913 882 881 870 935 1108 1229 1301 1301 1311 1306 1292 1305 1293 1253 1222 1192 1193 1248 1379 1266 113114.6.2009 1005 911 874 860 851 827 883 1017 1147 1230 1271 1276 1257 1233 1198 1180 1178 1155 1149 1169 1227 1386 1303 113515.6.2009 982 894 860 848 848 874 992 1184 1287 1341 1351 1378 1390 1387 1424 1405 1370 1304 1293 1268 1297 1427 1343 1161Average: 1002 912 877 858 860 870 980 1157 1266 1321 1320 1334 1328 1326 1339 1329 1298 1262 1248 1262 1328 1417 1297 1150

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 241.6.2009 268 267 302 305 303 275 292 396 403 411 407 432 394 409 402 404 408 410 404 417 473 460 446 3892.6.2009 308 283 318 316 317 324 309 434 496 497 508 486 508 487 491 483 478 489 486 505 523 520 426 3633.6.2009 335 341 353 371 361 350 360 497 564 565 572 590 567 564 582 563 587 581 573 583 579 559 489 4244.6.2009 415 420 430 435 438 421 424 593 689 697 695 719 686 690 697 682 685 682 683 684 658 662 558 5095.6.2009 463 492 522 536 527 515 477 621 642 646 646 657 637 634 637 638 638 638 641 641 668 664 558 5186.6.2009 345 341 344 351 366 366 366 363 377 365 361 379 362 360 355 359 370 375 356 356 357 139 16 -1477.6.2009 318 319 328 348 341 382 346 314 306 267 298 341 345 300 298 295 302 300 178 177 209 224 234 2328.6.2009 246 252 255 264 250 249 276 492 552 559 550 560 539 546 543 533 546 547 548 552 563 547 398 3509.6.2009 319 310 323 345 350 352 345 548 539 540 552 552 525 530 517 521 526 536 534 542 596 581 426 38310.6.2009 392 377 386 389 392 391 415 607 607 609 605 622 599 600 578 578 600 605 605 607 669 666 507 45411.6.2009 410 389 403 415 415 398 426 614 607 605 611 600 603 598 605 601 607 608 613 614 669 667 507 46312.6.2009 398 405 409 427 432 415 431 619 607 603 601 604 610 609 607 607 612 615 616 604 670 666 532 45613.6.2009 313 312 303 340 335 357 400 382 384 379 382 380 384 384 388 386 390 389 387 394 440 448 383 38914.6.2009 333 335 305 332 328 317 306 346 352 352 349 375 368 350 352 354 349 356 354 359 410 391 370 39315.6.2009 399 388 388 392 385 382 510 652 657 653 652 652 657 648 652 657 666 609 664 671 720 716 566 510Average: 351 349 358 371 369 366 379 499 519 517 519 530 519 514 514 511 518 516 509 514 547 527 428 379

Bosnia and Herzegovina: Average hourly export in last 15 days

0

100

200

300

400

500

600

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

500

1000

1500

2000

2500

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 ProductionConsumption

Page 6: Energy News in Southeast Europe two issues per …Romania: » Report on energy resources in period January-April » Petrom started construction of 860 MW power plant in Brazi » EnergoNuclear

6

Issue No: 2007-III/1Balkan Energy NEWS, e-journal Issue No: 2009-VI/1 - issue covers period 1.6.2009-15.6.2009

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

Romania: Electricity consumption in last 15 days (MWh)

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

1.6.2009 2.6.2009 3.6.2009 4.6.2009 5.6.2009 6.6.2009 7.6.2009 8.6.2009 9.6.2009 10.6.2009 11.6.2009 12.6.2009 13.6.2009 14.6.2009 15.6.2009Montenegro - Albania 3466 2768 2659 2504 2867 2398 2409 1645 1665 2448 3073 3133 2174 2945 2786Montenegro - BiH -8389 -6573 -6172 -5241 -5587 -7204 -9844 -7433 -5935 -6172 -6270 -6400 -8716 -10356 -6334Montenegro - Serbia 135 -102 -668 -232 -159 -1475 465 1335 -364 -885 -897 -787 -1156 -549 -1157Total -4788 -3907 -4181 -2969 -2879 -6281 -6970 -4453 -4634 -4609 -4094 -4054 -7698 -7960 -4705

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 241.6.2009 4538 4301 4246 4209 4229 4223 4503 5143 5614 5874 6040 6064 6085 6159 6046 5886 5788 5717 5678 5694 5815 6259 6094 54472.6.2009 4969 4722 4580 4542 4554 4546 4730 5373 5708 5925 5991 6015 6029 6110 6014 5945 5890 5804 5704 5706 5804 6149 6047 54503.6.2009 4939 4705 4577 4540 4606 4615 4727 5319 5738 5937 6036 6023 6058 6086 5970 5890 5779 5734 5684 5701 5821 6175 5964 54044.6.2009 4900 4702 4595 4528 4530 4539 4715 5313 5707 5943 6004 6024 6050 6074 5996 5850 5768 5697 5654 5671 5835 6090 5899 53125.6.2009 4936 4706 4632 4544 4531 4472 4599 5161 5547 5733 5843 5847 5864 5902 5813 5712 5617 5547 5517 5542 5678 5907 5818 52866.6.2009 4890 4651 4507 4455 4443 4348 4252 4459 4821 5103 5230 5251 5239 5216 5119 5125 5088 5061 5064 5102 5218 5714 5619 50897.6.2009 4673 4408 4253 4146 4148 4010 3836 3935 4162 4408 4530 4501 4556 4542 4497 4456 4459 4461 4453 4523 4699 5294 5346 49008.6.2009 4654 4390 4239 4139 4139 3998 3762 3834 4172 4423 4541 4604 4680 4690 4663 4580 4606 4596 4617 4687 4910 5350 5397 50219.6.2009 4713 4468 4418 4323 4341 4417 4568 5086 5565 5896 6048 6044 6092 6144 6066 5898 5807 5758 5656 5662 5768 6185 5947 534410.6.2009 4976 4793 4684 4594 4597 4624 4841 5396 5827 6062 6158 6190 6287 6385 6252 6116 5967 5859 5749 5759 5889 6306 6139 555411.6.2009 5241 4893 4750 4765 4752 4695 4779 5373 5915 6177 6322 6303 6413 6449 6392 6238 6064 5915 5758 5735 5861 6097 6302 566612.6.2009 5134 4815 4688 4662 4641 4640 4772 5331 5905 6162 6293 6283 6354 6408 6374 6262 6161 6061 5913 5882 5971 6243 6305 568513.6.2009 4936 4669 4531 4445 4423 4282 4193 4311 4622 4838 4973 5050 5103 5087 5032 4956 4960 4947 4971 4998 5117 5447 5499 509314.6.2009 4671 4337 4202 4113 4102 3971 3793 3814 4073 4274 4378 4425 4508 4519 4424 4309 4332 4324 4303 4300 4417 4913 4997 465015.6.2009 4403 4181 4097 4035 4054 4097 4275 4978 5454 5915 6113 6153 6173 6308 6183 6041 5956 5818 5715 5685 5784 6100 6228 5612Average: 4838 4583 4466 4403 4406 4365 4423 4855 5255 5511 5633 5652 5699 5739 5656 5551 5483 5420 5362 5377 5506 5882 5840 5301

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 241.6.2009 -9 -18 -45 -59 -59 -40 61 83 67 67 66 59 67 67 78 74 50 50 50 50 183 137 124 1312.6.2009 18 -3 -28 -79 -78 -28 85 108 70 70 74 69 71 76 76 76 78 78 72 70 134 112 117 1343.6.2009 127 128 128 111 111 126 161 154 168 168 167 160 168 168 168 170 170 170 169 168 160 162 143 1704.6.2009 127 128 104 84 84 112 177 176 164 162 162 155 163 163 163 164 175 175 174 172 179 182 154 1625.6.2009 136 128 105 113 83 104 149 157 170 169 169 171 177 178 178 179 180 180 180 179 208 210 188 1916.6.2009 309 296 284 267 259 287 291 255 259 258 258 260 266 266 268 269 255 255 258 252 232 314 315 3237.6.2009 202 203 203 183 183 204 220 192 193 193 195 190 191 196 194 194 210 210 213 206 177 283 235 2428.6.2009 143 144 107 76 79 136 170 191 159 159 160 162 168 168 176 177 176 176 176 166 211 220 212 2009.6.2009 227 210 195 168 173 184 224 282 247 245 245 247 254 255 261 262 263 263 262 254 319 321 360 35210.6.2009 156 156 133 156 157 145 218 216 209 209 228 230 237 237 242 223 223 223 223 208 249 250 242 24011.6.2009 79 79 54 44 44 62 134 145 117 119 113 121 122 132 131 132 132 138 138 135 172 172 211 15812.6.2009 103 93 78 52 56 91 174 188 190 183 177 186 180 190 193 191 195 194 193 188 203 208 219 17913.6.2009 179 180 173 139 138 179 138 108 118 119 118 137 138 139 138 138 114 115 116 115 153 196 208 22314.6.2009 164 149 149 130 131 151 153 137 143 147 147 143 138 141 141 141 131 131 131 134 166 271 179 14215.6.2009 137 138 120 101 106 156 183 223 196 205 204 212 213 214 201 202 198 198 198 205 239 247 230 234Average: 140 134 117 99 98 125 169 174 165 165 166 167 170 173 174 173 170 170 170 167 199 219 209 205

Romania: Average hourly net export in last 15 days

0

50

100

150

200

250

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 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

Page 7: Energy News in Southeast Europe two issues per …Romania: » Report on energy resources in period January-April » Petrom started construction of 860 MW power plant in Brazi » EnergoNuclear

7

Issue No: 2007-III/1Balkan Energy NEWS, e-journal Issue No: 2009-VI/1 - issue covers period 1.6.2009-15.6.2009

Greece: Electricity consumption in last 15 days (MWh)

Montenegro: Electricity export in last 15 days (MWh)

Greece: System Marginal Prices in last 15 days

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 241.6.2009 30.43 29.26 29.03 28.79 28.78 29.09 29.66 32.81 32.18 34.05 42.95 42.95 42.97 42.97 42.95 34.76 34.01 32.86 34.01 34.17 34.06 34.47 42.48 32.162.6.2009 30.18 29.29 29.09 28.97 28.95 29.12 29.28 30.54 30.60 32.23 32.53 32.30 32.48 32.40 32.35 32.73 30.74 30.74 30.75 30.83 30.72 33.76 32.72 30.603.6.2009 30.19 29.57 29.27 29.14 29.11 29.26 30.10 34.16 33.92 39.17 39.19 36.00 33.60 33.61 32.60 30.62 30.53 30.53 30.55 30.60 30.86 36.00 30.62 30.484.6.2009 30.21 29.66 28.99 28.98 28.95 29.09 29.57 34.11 36.00 39.18 39.20 39.21 36.00 36.00 36.00 36.00 34.75 35.27 35.23 36.00 34.54 36.00 36.00 30.825.6.2009 29.70 29.11 28.72 27.15 26.70 26.93 28.89 30.59 32.18 39.17 36.00 36.00 36.00 36.00 30.77 30.60 30.67 32.85 32.91 32.29 30.75 34.48 30.74 30.596.6.2009 30.15 29.00 28.72 26.71 25.45 25.23 24.85 28.87 29.63 30.60 30.60 30.62 30.64 30.64 30.53 30.52 30.50 30.50 30.52 30.60 30.53 30.63 30.60 30.277.6.2009 30.41 29.56 28.86 28.68 27.26 27.10 24.81 27.39 28.85 29.69 30.46 30.53 30.53 30.29 30.27 29.62 29.33 30.54 30.65 32.78 32.18 32.31 34.09 32.958.6.2009 32.14 30.43 29.27 27.42 0.00 0.00 0.00 30.19 30.65 36.00 42.95 39.17 42.95 42.95 42.95 39.17 36.00 35.29 36.00 35.22 33.75 36.00 33.73 36.009.6.2009 39.24 32.20 29.69 29.27 29.26 28.98 29.56 30.80 42.48 42.61 43.00 43.01 69.70 43.05 53.00 42.99 42.95 42.95 42.96 42.97 43.00 43.01 42.96 42.4810.6.2009 39.16 36.00 32.81 30.53 30.52 30.52 32.72 39.50 42.96 55.21 60.00 55.41 60.00 60.00 55.38 53.00 53.00 53.00 53.00 43.00 43.01 55.44 43.01 42.5511.6.2009 39.17 36.00 30.60 29.08 28.94 28.95 30.20 39.17 43.00 55.42 69.90 69.90 68.91 55.49 55.49 55.40 53.00 55.38 55.24 55.40 55.25 53.00 55.22 42.6112.6.2009 42.52 42.48 32.27 29.72 28.99 28.99 29.08 34.72 43.00 55.39 69.90 69.90 69.67 68.91 60.00 68.91 55.40 69.59 55.38 53.00 53.00 53.00 55.21 43.0013.6.2009 42.48 42.91 42.45 33.97 30.56 30.56 30.23 30.50 42.48 42.96 55.16 53.00 53.00 53.00 43.01 42.98 42.96 42.95 53.00 53.00 53.00 68.90 54.95 42.9514.6.2009 35.41 42.47 30.23 28.87 27.20 26.91 24.89 25.71 25.75 30.26 42.48 42.48 42.49 42.48 39.16 34.89 39.16 39.14 39.14 39.14 42.48 42.56 42.95 42.4815.6.2009 66.94 43.30 30.46 29.57 28.88 28.89 29.01 42.46 69.22 55.16 53.00 53.00 53.00 53.00 68.90 53.00 42.98 42.97 53.00 53.00 53.00 55.21 43.00 42.95Average: 36.56 34.08 30.70 29.12 26.64 26.64 26.86 32.77 37.53 41.14 45.82 44.90 46.80 44.05 43.56 41.01 39.07 40.30 40.82 40.13 40.01 42.98 40.55 36.86

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 241.6.2009 4880 4440 4200 4120 4080 4180 4470 5290 6100 6640 6750 6920 7030 7030 6670 6320 6050 6060 6120 6270 6620 7000 6400 57802.6.2009 5300 4830 4590 4480 4420 4500 4760 5560 6360 6900 7030 7230 7400 7430 7040 6550 6350 6420 6550 6620 6900 7220 6580 59503.6.2009 5300 4810 4530 4450 4400 4480 4730 5530 6350 6930 7080 7200 7320 7320 7000 6590 6330 6300 6350 6400 6730 7250 6600 59404.6.2009 5380 4910 4640 4520 4470 4550 4810 5650 6440 7000 7120 7320 7430 7410 7100 6620 6360 6420 6560 6600 6880 7380 6740 61105.6.2009 5200 4750 4500 4400 4300 4400 4640 5500 6260 6780 6930 7100 7200 7150 6680 6300 6050 6140 6250 6320 6560 6980 6400 58006.6.2009 5300 4850 4630 4450 4400 4400 4370 4720 5400 6000 6410 6700 6900 6840 6400 5940 5800 5840 5950 5980 6200 6740 6300 58207.6.2009 5250 4810 4480 4330 4250 4200 4070 4280 4720 5150 5590 5940 6120 6000 5550 5280 5130 5200 5400 5520 5900 6600 6260 57408.6.2009 5220 4850 4550 4400 4360 4320 4350 4830 5500 6070 6350 6640 6860 6850 6700 6420 6280 6360 6480 6600 6800 7280 7040 64409.6.2009 5750 5270 4960 4820 4700 4740 5040 5860 6800 7440 7670 7940 8100 8140 7800 7440 7180 7280 7450 7500 7550 7800 7350 675010.6.2009 6200 5700 5330 5100 5040 5100 5280 6200 7100 7830 8120 8380 8600 8600 8380 7940 7650 7560 7550 7500 7600 8040 7600 694011.6.2009 6250 5700 5420 5240 5180 5210 5450 6250 7180 7930 8240 8470 8680 8740 8500 8120 7880 7880 8000 7900 7940 8150 7700 705012.6.2009 6660 6120 5750 5600 5420 5420 5630 6450 7400 8200 8460 8780 9020 9120 8800 8400 8140 8100 8200 8200 8200 8300 7900 730013.6.2009 6350 5880 5540 5300 5200 5200 5140 5600 6300 6950 7350 7650 7930 7930 7500 7100 6940 6920 6920 6900 7100 7450 7050 658014.6.2009 5860 5420 5120 4930 4800 4740 4560 4740 5130 5550 6000 6400 6500 6420 6070 5800 5700 5840 5940 6000 6200 6880 6700 623015.6.2009 5700 5200 4950 4800 4730 4780 5000 5800 6700 7400 7600 7800 8000 8040 7740 7370 7100 7030 7080 6980 6980 7650 7200 6630Average: 5640 5169 4879 4729 4650 4681 4820 5484 6249 6851 7113 7365 7539 7535 7195 6813 6596 6623 6720 6753 6944 7381 6921 6337

Montenegro: Average Hourly exports in last 15 days

-350

-300

-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

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 241.6.2009 -309 -282 -268 -270 -265 -259 -290 -153 -161 -164 -159 -155 -153 -174 -172 -163 -157 -156 -149 -154 -163 -124 -196 -2922.6.2009 -329 -290 -288 -275 -277 -274 -305 -62 -50 -57 -54 -23 -62 -76 -131 -125 -130 -135 -148 -149 -124 -127 -175 -2413.6.2009 -310 -284 -272 -256 -257 -258 -273 -140 -109 -125 -135 -127 -116 -108 -96 -101 -101 -92 -93 -88 -102 -136 -315 -2874.6.2009 -240 -220 -189 -180 -172 -178 -203 -44 -63 -55 -59 -72 -62 -70 -84 -127 -105 -100 -65 -76 -115 -126 -144 -2205.6.2009 -246 -219 -201 -196 -188 -196 -217 -152 -57 -42 -41 -24 -47 -63 -65 -57 -41 -61 -44 -42 -113 -107 -203 -2576.6.2009 -252 -265 -247 -237 -241 -248 -299 -298 -320 -314 -274 -297 -279 -240 -256 -294 -294 -304 -314 -279 -147 -140 -172 -2707.6.2009 -297 -270 -243 -245 -235 -225 -252 -282 -302 -326 -318 -240 -245 -291 -305 -313 -320 -340 -278 -291 -311 -337 -349 -3558.6.2009 -392 -367 -370 -360 -348 -319 -358 -235 -73 -82 -89 -67 -91 -63 -69 -68 -72 -78 -69 -75 -115 -127 -256 -3109.6.2009 -307 -281 -265 -257 -251 -260 -284 -294 -131 -113 -123 -139 -137 -132 -142 -131 -145 -138 -134 -201 -182 -201 -328 -5810.6.2009 -336 -312 -291 -279 -282 -277 -310 -178 -139 -134 -136 -106 -132 -130 -121 -123 -117 -131 -119 -115 -135 -168 -171 -36711.6.2009 -334 -315 -290 -283 -263 -275 -155 -124 -125 -123 -131 -137 -147 -142 -116 -123 -117 -100 -110 -94 -117 -140 -161 -17212.6.2009 -241 -304 -292 -274 -280 -280 -108 -98 -110 -109 -109 -111 -119 -109 -122 -118 -112 -94 -103 -102 -161 -153 -198 -34713.6.2009 -346 -312 -302 -292 -273 -278 -313 -333 -327 -343 -333 -338 -317 -314 -328 -318 -329 -322 -322 -331 -349 -231 -372 -37514.6.2009 -351 -307 -297 -290 -284 -275 -305 -332 -343 -347 -345 -347 -345 -343 -330 -321 -337 -338 -343 -352 -380 -342 -332 -37415.6.2009 -324 -302 -282 -286 -275 -274 -319 -280 -123 -120 -114 -110 -115 -120 -119 -110 -107 -111 -105 -113 -190 -174 -275 -357Average: -308 -289 -273 -265 -259 -258 -266 -200 -162 -164 -161 -153 -158 -158 -164 -166 -166 -167 -160 -164 -180 -176 -243 -285

Page 8: Energy News in Southeast Europe two issues per …Romania: » Report on energy resources in period January-April » Petrom started construction of 860 MW power plant in Brazi » EnergoNuclear

8

Issue No: 2007-III/1Balkan Energy NEWS, e-journal Issue No: 2009-VI/1 - issue covers period 1.6.2009-15.6.2009

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

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

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

16.5.2009 17.5.2009 18.5.2009 19.5.2009 20.5.2009 21.5.2009 22.5.2009 23.5.2009 24.5.2009 25.5.2009 26.5.2009 27.5.2009 28.5.2009 29.5.2009 30.5.2009 31.5.2009Base Price 34.41 15.09 28.58 32.89 38.70 41.04 38.89 34.52 30.81 32.89 37.08 31.79 33.31 45.16 39.37 56.72Base Quantity 14723 15224 18849 18763 21046 22788 22514 18779 17045 22251 23897 23897 23635 21859 18136 23803Day Price 36.17 15.26 36.00 37.40 42.89 44.74 42.44 35.64 32.40 38.30 41.56 35.76 37.82 47.78 40.90 56.82Day Quantity 10038 10011 13538 13773 15101 16168 16127 12764 11066 15854 17584 17584 16686 15919 12104 16446Night Price 30.91 14.73 13.72 23.88 30.32 33.64 31.80 32.27 27.63 22.09 28.11 23.85 24.28 39.93 36.30 56.51Night Quatity 4684 5213 5311 4990 5945 6620 6387 6014 5978 6397 6313 6313 6948 5940 6032 7357

Greece: Electricity prices, HTSO

0.00

10.00

20.00

30.00

40.00

50.00

60.00

70.00

80.001.

6.20

09

2.6.

2009

3.6.

2009

4.6.

2009

5.6.

2009

6.6.

2009

7.6.

2009

8.6.

2009

9.6.

2009

10.6

.200

9

11.6

.200

9

12.6

.200

9

13.6

.200

9

14.6

.200

9

15.6

.200

9

EUR

/MW

h

minimal price average price maximal price

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

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 241.6.2009 670 782 829 865 861 871 930 1007 981 1013 1047 1126 1169 1179 1207 1191 1151 1107 936 942 942 1066 1202 10102.6.2009 521 539 491 511 523 560 611 815 929 999 1033 931 1022 1038 993 934 916 892 872 890 882 1053 1109 8263.6.2009 583 545 501 483 485 513 642 834 932 1013 1075 1060 1076 1061 1014 914 864 827 826 859 895 1079 1077 7364.6.2009 609 538 523 512 527 549 699 868 991 1071 1095 1085 1087 1109 1069 976 914 880 850 864 867 1050 1104 7485.6.2009 536 491 463 455 465 481 617 866 975 1042 1071 1079 1089 1081 1028 972 911 876 846 829 839 1016 1104 7686.6.2009 568 602 577 561 554 553 586 666 693 758 773 767 751 750 741 729 717 722 732 754 834 997 1057 8257.6.2009 669 520 484 460 453 433 456 498 498 522 575 585 606 594 583 567 566 591 586 586 663 770 922 7108.6.2009 523 416 382 355 345 351 402 447 507 577 613 614 605 579 558 531 542 565 564 567 646 838 893 6859.6.2009 505 511 468 447 455 492 592 794 982 1052 1080 1082 1096 1126 1094 1008 948 914 873 848 883 1111 1154 92210.6.2009 781 554 531 523 538 530 676 869 1064 1106 1135 1129 1135 1151 1128 1060 1002 935 942 932 911 1115 1242 90011.6.2009 694 644 553 554 537 568 655 857 946 947 985 996 1005 1013 982 912 885 867 856 873 873 995 1078 83812.6.2009 694 644 553 554 537 568 655 857 946 947 985 996 1005 1013 982 912 885 867 856 873 873 995 1078 83813.6.2009 704 581 555 573 565 544 568 575 738 813 866 871 859 852 827 765 764 753 763 790 816 1030 1073 86914.6.2009 751 670 624 607 580 550 577 611 637 692 740 777 762 763 752 736 767 750 764 763 821 980 1061 77415.6.2009 653 679 648 625 617 656 773 938 1029 1113 1156 1168 1169 1188 1179 1092 1057 993 964 962 986 1156 1079 768Average: 631 581 546 539 536 548 629 767 857 911 949 951 962 966 943 887 859 836 815 822 849 1017 1082 815

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 241.6.2009 67.01 52.65 47.86 46.67 46.43 46.43 46.67 60.07 67.49 67.49 67.49 64.61 49.06 50.26 48.58 48.10 46.67 45.71 43.08 43.08 43.08 59.83 62.22 60.072.6.2009 12.92 9.33 9.33 7.42 6.94 6.94 9.33 23.93 28.72 33.50 35.78 33.26 33.50 33.50 33.50 33.26 23.93 19.38 19.15 18.91 19.38 35.90 33.50 19.153.6.2009 16.74 11.96 11.96 11.96 11.96 11.96 11.96 23.91 35.87 43.04 43.04 43.04 43.04 43.04 43.04 40.65 35.87 35.87 35.87 35.87 41.85 45.44 35.87 23.914.6.2009 23.85 16.70 11.93 11.93 11.93 11.93 11.93 23.85 35.78 40.55 40.55 38.16 40.55 40.55 40.55 35.78 33.39 33.39 33.39 33.39 33.39 42.70 35.78 23.855.6.2009 11.57 11.57 11.57 11.57 11.57 11.57 11.57 23.85 35.54 35.78 35.78 35.78 35.78 35.78 35.78 33.39 30.77 30.77 30.77 30.77 30.77 35.78 33.39 23.856.6.2009 11.51 11.51 11.51 11.51 11.51 11.51 11.51 11.51 32.98 32.98 32.98 32.98 32.98 32.98 32.98 32.98 32.98 32.98 32.98 32.98 32.98 32.98 23.73 23.737.6.2009 17.68 17.68 17.68 17.68 17.68 17.68 17.68 17.68 17.56 17.56 28.24 28.24 28.24 28.24 28.24 28.24 28.24 28.24 28.24 30.62 29.67 35.37 28.24 17.688.6.2009 25.87 25.87 17.68 17.56 7.12 10.68 17.68 25.87 27.96 27.96 27.96 27.96 27.96 27.96 27.96 27.96 27.96 27.96 27.96 27.96 27.96 35.48 33.23 26.119.6.2009 25.87 25.87 25.87 25.87 12.82 12.82 25.87 34.30 42.72 42.72 42.72 42.72 42.72 42.72 42.72 42.49 40.35 37.98 37.98 35.60 37.98 45.10 41.54 35.6010.6.2009 35.60 32.04 30.62 28.36 28.36 28.36 30.62 34.30 41.54 42.72 45.33 45.10 43.91 45.10 43.91 42.72 40.35 39.91 39.91 40.11 37.98 45.57 45.10 37.9811.6.2009 33.24 17.69 33.00 23.74 23.74 17.69 23.74 33.00 35.61 40.36 41.55 40.36 41.55 41.55 41.55 37.99 37.75 35.61 35.61 37.75 37.75 42.26 37.99 37.7512.6.2009 32.14 32.14 17.74 11.91 11.91 11.91 12.14 33.33 42.38 42.86 42.86 42.86 42.86 42.86 42.38 40.48 38.10 38.10 38.10 37.86 38.10 42.86 41.67 38.1013.6.2009 33.35 33.35 17.63 11.91 11.91 11.79 11.91 25.97 35.61 35.73 36.92 36.92 36.92 36.92 35.73 35.73 35.73 35.73 35.73 35.73 36.92 42.88 44.07 38.1214.6.2009 33.36 17.63 11.80 11.80 11.80 11.80 10.72 10.72 25.98 33.12 33.12 33.12 33.12 33.12 33.12 29.55 29.55 29.55 29.55 33.12 33.12 38.13 39.32 33.1215.6.2009 11.92 11.92 11.92 11.92 9.53 11.92 11.92 23.83 41.70 44.09 45.52 45.75 45.52 45.52 45.28 44.09 42.42 38.13 38.13 38.13 42.42 45.75 41.70 35.75Average: 26.18 21.86 19.21 17.45 15.68 15.67 17.68 27.07 36.50 38.70 39.99 39.39 38.51 38.67 38.35 36.89 34.94 33.95 33.76 34.13 34.89 41.74 38.49 31.65

Page 9: Energy News in Southeast Europe two issues per …Romania: » Report on energy resources in period January-April » Petrom started construction of 860 MW power plant in Brazi » EnergoNuclear

9

Issue No: 2007-III/1Balkan Energy NEWS, e-journal Issue No: 2009-VI/1 - issue covers period 1.6.2009-15.6.2009

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

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

OPCOM, Romania - Traded energy

0

5000

10000

15000

20000

25000

30000

1.6.20

09

2.6.20

09

3.6.20

09

4.6.20

09

5.6.20

09

6.6.20

09

7.6.20

09

8.6.20

09

9.6.20

09

10.6.

2009

11.6.

2009

12.6.

2009

13.6.

2009

14.6.

2009

15.6.

2009

MW

h

OPCOM, Romania - Prices

0

10

20

30

40

50

60

1.6.

2009

2.6.

2009

3.6.

2009

4.6.

2009

5.6.

2009

6.6.

2009

7.6.

2009

8.6.

2009

9.6.

2009

10.6

.200

9

11.6

.200

9

12.6

.200

9

13.6

.200

9

14.6

.200

9

15.6

.200

9

EUR

/MW

h

Night Day Base

OPCOM, Romania - Prices

0

10

20

30

40

50

60

70

80

1.6.

2009

2.6.

2009

3.6.

2009

4.6.

2009

5.6.

2009

6.6.

2009

7.6.

2009

8.6.

2009

9.6.

2009

10.6

.200

9

11.6

.200

9

12.6

.200

9

13.6

.200

9

14.6

.200

9

15.6

.200

9

EUR

/MW

h

minimal price average price maximal price

Page 10: Energy News in Southeast Europe two issues per …Romania: » Report on energy resources in period January-April » Petrom started construction of 860 MW power plant in Brazi » EnergoNuclear

10

Balkan Energy NEWS, e-journal Issue No: 2009-VI/1 - issue covers period 1.6.2009-15.6.2009

Tables with offered Available Transfer Capacities (ATC) in Balkan region for July 2009

- TTC (Total Transfer Capacity)

- TRM (Transmission Reliability Margin)

- NTC (Net Transfer Capacity) values in previous tables, represents common-ly correlated values, given per each border and per each direction 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 transmission ca-pacity allocated earlier by TSO in which table this value appears.

- ATC (Available Transfer Capacities) value represents amount of transmis-sion capacity, which will be offered by the TSO in which table this value ap-pears to the interested market participants through allocation procedure: usually by pro-rata or explicit auctions method. (Please note that some of TSOs on their web sites within their ATC value publish ATC part of the neigh-boring TSO, and therefore ATC data can be different

NOS BIH - Bosnia & Herzegovina July 2009.Border+Direction TTC TRM NTC AAC ATC Validity period:

IMPORTCroatia > BIH - - 400 - 100 01.-31.07.2009.Montenegro > BIH - - 450 - 225 01.-31.07.2009.Serbia > BIH - - 300 - 125 01.-31.07.2009.

EXPORTBIH > Croatia - - 700 - 259 01.-31.07.2009.BIH > Montenegro - - 400 - 189 01.-31.07.2009.BIH > Serbia - - 250 - 86 01.-31.07.2009.

MAVIR - Hungary July 2009.Border+Direction TTC TRM NTC AAC ATC Validity period:

IMPORTCroatia > Hungary 800 200 600 200 400 01.-31.07.2009.Romania > Hungary 300 100 200 175 25 01.-31.07.2009.Serbia > Hungary 500 100 400 250 150 01.-31.07.2009.

EXPORTHungary > Croatia 1200 200 1000 600 400 01.-31.07.2009.Hungary > Romania 350 100 250 196 54 01.-31.07.2009.Hungary > Serbia 700 100 600 350 250 01.-31.07.2009.

MEPSO - Macedonia July 2009.Border+Direction TTC TRM NTC AAC ATC Validity period:

IMPORTSerbia > Macedonia 500 100 400 50 350 01.-31.07.2009.Bulgaria > Macedonia 400 100 300 36 164 01.-31.07.2009.Greece > Macedonia 100 100 0 0 0 01.-31.07.2009.

EXPORTMacedonia > Serbia 150 100 50 50 0 01.-31.07.2009.Macedonia > Bulgaria 100 100 0 0 0 01.-31.07.2009.Macedonia > Greece 350 100 250 0 250 01.-31.07.2009.

Transelectrica - Romania July 2009.Border+Direction TTC TRM NTC AAC ATC Validity period:

IMPORTBulgaria > Romania 300 100 200 100 100 01.-30.06.2009.Serbia > Romania 250 100 150 100 50 01.-20.06.2009.

Hungary > Romania250 100 150 150 0 01.-05.07.2009.300 100 200 150 50 06.-19.07.2009.350 100 250 150 100 20.-31.07.2009.

Ucraine > Romania150 100 50 50 0 01.-05.07.2009.200 100 100 50 50 06.-31.07.2009.

EXPORT

Romania > Bulgaria250 100 150 100 50 01.-05.07.2009.300 100 200 100 100 06.-31.07.2009.

Romania > Serbia250 100 150 100 50 01.-05.07.2009.300 100 200 100 100 06.-26.07.2009.500 100 400 100 300 27.-31.07.2009.

Romania > Hungary250 100 150 150 0 01.-05.07.2009.300 100 200 150 25 06.-31.07.2009.

Romania > Ucraine 150 100 50 50 0 01.-31.07.2009.

TSO EPCG - Montenegro July 2009.Border+Direction TTC TRM NTC AAC ATC Validity period:

IMPORTAlbania > Montenegro - - - - 80 01.-31.07.2009.BIH > Montenegro - - - - 100 01.-31.07.2009.Serbia > Montenegro - - - - 90 01.-31.07.2009.

EXPORTMontenegro > Albania - - - - 50 01.-31.07.2009.Montenegro > BIH - - - - 150 01.-31.07.2009.Montenegro > Serbia - - - - 110 01.-31.07.2009.

EMS - Serbia July 2009.Border+Direction TTC TRM NTC AAC ATC Validity period:

IMPORTHungary > Serbia 700 100 600 100 500 01.-31.07.2009.

Romania > Serbia250 100 150 0 150 01.-05.07.2009.300 100 200 0 200 06.-26.07.2009.500 100 400 0 400 27.-31.07.2009.

Bulgaria > Serbia 550 100 450 0 450 01.-31.07.2009.Macedonia > Serbia 150 100 50 50 0 01.-31.07.2009.Albania > Serbia 250 50 200 50 150 01.-31.07.2009.Montenegro > Serbia 400 150 300 0 300 01.-31.07.2009.BiH > Serbia 350 100 250 100 150 01.-31.07.2009.Croatia > Serbia 350 100 250 100 150 01.-30.06.2009.

EXPORTSerbia > Hungary 500 100 400 100 300 01.-31.07.2009.Serbia > Romania 250 100 150 0 150 01.-31.07.2009.Serbia > Bulgaria 300 100 200 0 200 01.-31.07.2009.Serbia > Macedonia 500 100 400 50 350 01.-31.07.2009.Serbia > Albania 250 50 200 50 150 01.-31.07.2009.Serbia > Montenegro 500 100 400 140 260 01.-31.07.2009.

Serbia > BiH350 100 250 100 150 07.-14.07.2009.450 100 350 100 250 15.-31.07.2009.

* - No information available

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Issue No: 2007-III/1Balkan Energy NEWS, e-journal Issue No: 2009-VI/1 - issue covers period 1.6.2009-15.6.2009

Forecasted weather conditions for the following period

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

Date AlbaniaTirana

Bosnia and HerzegovinaSarajevo

BulgariaSofia

CroatiaZagreb

GreeceAthens

MacedoniaSkopje

MontenegroPodgorica

RomaniaBucharest

SerbiaBelgrade

17.06. T: 19-35W: N 12R: -

T: 13-20W: NE 9R: 2

T: 17-30W: NW 12R: 1

T: 17-27W: L-VR: -

T: 20-34W: N 19R: -

T: 13-30W: N 14R: -

T: 18-32W: NE 9R: 5

T: 16-29W: NW 6R: 25

T: 17-23W: NW 9R: -

18.06. T: 18-32W: NE 9R: 2

T: 7-28W: E 9R; -

T: 14-28W: SE 6R: -

T: 12-31W: L-VR: -

T: 21-29W: N 32R: -

T: 13-26W: SW 8R: -

T: 18-34W: NE 8R: -

T: 9-28W: SE 4R: -

T: 13-29W: NE 4R: -

19.06. T: 18-33W: NW 9R: -

T: 7-30W: SW 8R: -

T: 12-28W: SE 4R: -

T: 14-34W: NW 9R: -

T: 18-28W: N 32R: -

T: 12-30W: SE 4R: -

T: 17-32W: SW 9R: -

T: 11-30W: SE 8R: -

T: 16-33 W: SE 4R: -

20.06. T: 18-34W: SW 10R: -

T: 10-25W: L-VR: -

T: 13-32W: E 4R: -

T: 14-24W: N 16R: 36

T: 19-31W: NW 17R: -

T: 11-31W: S 8R: -

T: 16-32W: S 9R: -

T: 12-31W: SE 9R: -

T: 17-26W: NW 9R: -

21.06. T: 16-31W: SW 14R: 11

T: 12-19 W: SW 4R: 30

T: 15-30W: S 6R: -

T: 16-22W: NW 14R: 8

T: 21-31W: SE 12R: -

T: 11-31W: L-VR: 0.7

T: 18-27W: SW 14R: 10

T: 11-37W: SE 14R: -

T: 14-23W: W 10R: -

22.06. T: 15-26W: NW 14R: -

T: 8-22W: L-VR: 2.5

T: 14-31W: L-VR: 14

T: 9-24W: NW 7R: 2

T: 23-31W: SW 12R: -

T: 15-28W: S 9R: 7

T: 18-29W: SW 11R: -

T: 14-33W: E 14R: -

T: 12-23W: NW 6R: 2

23.06. T: 11-28W: NW 9R: -

T: 7-23W: L-VR: YES

T: 16-30W: N 4R: YES

T: 11-26W: L-VR: YES

T: 21-26W: NW 11R: -

T: 13-26W: SW 6R: YES

T: 14-31W: SW 4R: -

T: 15-33W: SE 11R: -

T: 12-26W: N 5R: -

24.06. T: 13-29W: SW 12R: -

T: 9-24W: SE 11R: -

T: 15-28W: SE 4R: -

T: 12-27W: SE 6R: YES

T: 20-26W: NW 6R: -

T: 8-27W: NW 4R: -

T: 14-30W: S 14R: -

T: 18-34W: SE 6R: YES

T: 14-26W: S 8R: YES

25.06. T: 16-30W: SW 8R: -

T: 11-24W: S 8R: -

T: 14-31W: S 6R: -

T: 12-27W: SW 8R: YES

T: 19-27W: NW 8R: -

T: 10-26W: SW 6R: -

T: 16-28W: SW 8R: -

T: 19-34W: SE 11R: -

T: 14-26W: -R: -

26.06. T: 17-32W: NW 11R: -

T: 11-24W: SW 6R: -

T: 16-22W: L-VR: -

T: 12-29W: SW 8R: YES

T: 19-26W: NW 11R: -

T: 11-26W: SW 6R: -

T: 15-29W: SW 9R: -

T: 20-34W: SE 11R: -

T: 16-26W: NW 4R: YES

27.06. T: 16-35W: NW 11R: -

T: 12-26W: L-VR: -

T: 14-21W: NE 4R: -

T: 14-30W: SW 6R: YES

T: 18-26W: NW 11R: -

T: 11-23W: NW 4R: -

T: 14-29W: NW 6R: -

T: 19-34W: SE 11R: -

T: 16-28W: N 4R: -

28.06. T: 18-33W: NW 11R: -

T: 11-27W: NW 6R: YES

T: 14-27W: NE 4R: YES

T: 16-31W: L-VR: YES

T: 18-28W: NW 12R:

T: 12-27W: -R: YES

T: 15-29W: W 8R: -

T: 18-34W: SE 6R: -

T: 17-29W: -R: -

JuneAverages

Temp: 15-27Rain: 80Rain days: -

Temp: 11.4-23.1Rain: 91Rain days: 11

Temp: 12-23.5Rain: 75Rain days: 13

Temp: 12.7-24.6Rain: 99Rain days: 13

Temp: 18.2-31Rain: 10.6Rain days: 3.7

Temp: 13-27.4Rain: 46Rain days: 10

Temp: 17.3-28.2Rain: 63Rain days: 8

Temp: 14-26.8Rain: 77Rain days: 6

Temp: 15-25.3Rain: 90Rain days: 14

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Balkan Energy NEWS, e-journal Issue No: 2009-VI/1 - issue covers period 1.6.2009-15.6.2009

Existing, recent and planned capacity increase of existing Hydro Power Plants

Bosnia and Herzegovina

Existing power plants

Increase of capacity:

HPP Jablanica

In June 2008, project for revitalization of HPP Jablanica has been completed. The project included renewal of all six units in the HPP, where entire electromechanical equipment was replaced. By this project, production capacity has been increased from 150 MW (6 x 25 MW) to 180 MW.

Power utility of Bosnia and Herzegovina (EP BiH) invested 22 million Swiss francs of loans and 18 million euros of its own funds for the renewal.

HPP Jablanica was the first HPP to be built on Neretva. It is located near town Jablanica It was built in two stages, from 1947 till 1958, while it started with production in 1955. HPP Jablanica is storage HPP, with accumulation. Average production of HPP Jablanica is 771 GWh. It is estimated that HPP Jablanica can be operational for next 40 years.

HPP Rama

In the end of 2007, Government of Federation of Bosnia and Herze-govina (BiH) approved the signing the loan contract for renewal of HPP Rama.

The renewal of HPP Rama is the part of Energy IV project funded by World Bank, European investment bank (EIB) and European bank of reconstruction and development (EBRD). The worth of the loan is 10 million euros, while KfW bank will provide another 7 million euros. The 10 million euros loan will be repaid in 24 half-month payments with the interest rate set by KfW. Later on, two parties signed a loan contract.

The renewal should prolong operational life of the HPP by 20 years, while the power output will be increased from 2x80 MW up to 2x100 MW.

The international tender for renewal of HPP Rama has still not been published, while the project should be completed by 2012.

Construction of HPP Rama has started in 1964 and lasted for four years. This accumulation-run on river HPP uses water from river Rama, with 325 meters vertical drop. HPP has two 80 MW units (160 MW total), while average production is around 700 GWh

There are plans for revitalization and capacity increase for HPP Ga-bovac (105 MW), HPP Salakovac (210 MW) and HPP Visegrad (315 MW)

Installed capacity: 1817 MWCapacity increase: 70 MW

Bulgaria

Existing power plants:

There are 51 hydro power plants in Bulgaria. Many small ones are already privatized. Total installed capacity of all hydro power plants is 2615 MW. Hydro power plants generate small amounts of energy. There are 14 larger hydro power plants within 4 cascades systems: Belmeken-Sestrimo-Chira, Batak, Vacha and Arda. They are mainly used to regulate power system operation and cover peek load. There are 4 sets of pumped-storage hydroelectric power stations located at Chaira. Total installed capacity consists of 4 reversible sets is 864 MW (generating mode) and 788 MW (pump mode). The list of larger HPPs is shown in the table below.

Cascade,Plant Installed capacity (MW) Generation (GWh)

(2004)

Belmeken-Sestrimo- turbines 1599 919

Chira cascade pumps 898 279

Chaira Pumped- turbines 864 148

storage HPP pumps 788 236

Belmeken Pumped- turbines 375 33

storage HPP pumps 110 43

Sestrimo HPP 240 300

Momina Klissura HPP 120 138

Vacha Cascade turbines 380 584

pumps 45 1

HPP Teshel 60 125

HPP Devin 80 106

HPP Orpheus turbines 160 160

pumps 45 2

HPP Krichim 80 193

Type Installed capacity (MW) Generation (GWh)

Operated by ERS

HPP Trebinje 1 accumulation 3x60 (180 total)HPP Trebinje 2 accumulation 8HPP Dubrovnik accumulation 2x108 (216 total)HPP Visegrad run-on-river 3x105 (315 total)HPP Bocac accumulation 110 307HPP Jajce 1 run-on-river 48 232HPP Jajce 2 run-on-river 30 175

Operated by EPBiH

HPP Jablanica storage 6x25 (180 total) 771HPP Grabovica run-on-river 2x57 (114 total) 334HPP Salakovac run-on-river 3x70 (210 total) 410

Operated by EPHZHB

HPP Mostar accumulation 3x24 (72 total) 310HPP Rama accumulation 2x80 (160 total) 700HPP Pec Milni accumulation 2x15 (30 total) 82

Analysis:

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Balkan Energy NEWS, e-journal Issue No: 2009-VI/1 - issue covers period 1.6.2009-15.6.2009

Increase of capacity:

Renewal of Dolna Arda cascade

Dolna Arda has three HPPs, the Kyrdzhali (106 MW), Ivailovgrad (103.5 MW), and Studen Kladenets (60 MW). Dolna Arda cascade has 270 MW of installed capacity, and 500 GWh average produc-tion.

The renewal, started in 2006, is carried out by Austrian companies Va Tech Hydro and Porr Technobau und Umwelt under the Austrian-Bulgarian memorandum for understanding and bilateral co-oper-ation in accordance to Kyoto Protocol. The cost of the project that includes renewal of all three HPPs and upgrade of HPP Studen Klad-enets is 65 million euros. The overall power output of the cascade should be increased from 270 MW up to 331 MW and the project should be completed in 2010.

Later, in February 2009, National electric company (NEK) put in service new, unit 5, in HPP Studen Kladenets. The upgrade of HPP included construction of one 16 MW unit and a small 1.3 MW unit. HPP Student Kladenets is used to cover peak load and to regulate power system.

After the renewal was completed, overall power output of HPP Stu-dent Kladenets has been increased to 85 MW, while annual electric-ity output has increased by 10 GWh. In the same time, new units will reduce water spill in the cascade.

Installed capacity: 2864 MWCapacity increase: 61 MW

Croatia

Existing power plants:

Hydro power plants in Croatia are divided in four groups: HE Sjever, HE Zapad, HE Jug and HPP Dubrovnik.

Increase of capacity:

HPP Zakucac

In December 2007, The Power utility of Croatia (HEP) –Production division and Koncar have singed the contract for renewal of all of four units in the largest HPP in Croatia, the HPP Zakucac (486 MW).

The worth of the contract is 35 million euros, and the project should be finished in 60 months. Starting from 31st October 2008th, one by one renewed unit will be put in service each year.

HEP decided to start to the revitalization project having in mind that operational life of all units has expired. The power output of HPP Zakucac should be increased from 50 to 100 MW when the project was finished, while the renewal should prolog operational life of the HPP for the next 40 years.

Installed capacity: 2022 MWCapacity increase: 100 MW

Montenegro

Existing power plants:

PP Perucica is storage HPP, and it has been introduced into system in 1960 and it is located in municipality Niksic. It has 307 MW (2x40 MVA + 2x65 MVA) of installed capacity, while annual production is around 950 GWh.

Cascade,Plant Installed capacity (MW) Generation (GWh)

(2004)

Batak Cascade 231 428

HPP Batak 40 103

HPP Peshtera 125 227

HPP Aleko 66 98

Arda Cascade 270 516

HPP Kurdzhali 106 162

HPP Studen Kladenets 60 190

HPP Ivailovgrad 104 164

Other HPP 87 245

TOTAL HPP turbines 2864 2692

pumps 943 280

Type Installed capacity (MW) Generation (GWh)

HE Sjever

HPP Varazdin run-on-river 3x29 (86 total) 450

HPP Cakovec run-on-river 4x20 (80 total) 350

HPP Dubrava run on river 5x16 (80 total) 85

HE Zapad

HPP Gojak run-on-river 3x16 (48 total) 191

HPP Rijeka run-on-river 3x18 (36 total) 86

HPP Sklope acumulation 22 85

HPP Senj acumulation 3x72 (216 total) 972

HPP Vinodol acumulation 3x28 (84 total) 139

HE Jug

HPP Zakucac acumulation 4x120 (486 total) 1440

HPP Velebit reversibile 2x138 (276 total) 374

HPP Orlovac acumulation 2x118 (237 total) 360

HPP Kraljevac acumulation 3x16 (46 total) 55

HPP Peruca acumulation 2x21 (42 total) 120

HPP Djale acumulation 2x21 (42 total) 128

HPP Miljacka run on river 4x6 (24 total) 114

HPP Dubrovnik

HPP Dubrovnik acumulation 2x108 (216 total) 1308

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Balkan Energy NEWS, e-journal Issue No: 2009-VI/1 - issue covers period 1.6.2009-15.6.2009

HPP Piva is also storage HPP, and has been introduced into sys-tem in 1976. It is peak HPP, with one of the highest damns in Europe. Installed capacity is 360 MVA (3x120 MVA), while annu-al production is around 750 GWh. It is operated by EPS (Serbia), by agreement signed in period of 25 years (signed in 1991). It is connected by 220 KV power lines.

Increase of capacity:

HPP Perucica

Project for reconstruction of HPP Perucica is undergoing. By this project, 4 units and main buldings will be reconstructed, and also, new, eight unit will be constructed. By this, the HPP would increase power output by 50 MW (from 307 MW up to 357 MW), while annual electricity production should be in-creased by 25 GWh.

During the first phase of renewal, the most of the hydro me-chanical equipment in the plant had been replaced. Second phase of reconstruction of HPP Perucica will include renewal of units 5, 6 and 7. New, eight unit of HPP Perucica should be operational by the end of 2009. The investments in the plant in this year will reach some 3 million euros.

In this moment, the reconstruction of plant’s water intake channels is underway. The cost of the project is 7.7 million euros (provided by EPCG) and the project is aimed to reduce water losses. The construction works are being carried out by Slovenian company Primorje. After reconstruction, the water inflows will be increased from 68 m3/s up to 81 m3/s. The sav-ings are estimated at 48 GWh per year.

HPP Piva

In the beginning of March 2008, the second phase of renewal and modernization of HPP Piva stated. During this phase, the power output of all three units will be increased. The project should be completed by 2013. Entire project will be carried in three phases, with total investment plan of 70 million euros.

17 million euros would be invested for scrutinizing of all equip-ment in the HPP as well as the entire structure of the HPP. KfW bank provided 16 million euros for this part of the project, while 1 million euros will be provided through donations. The advisors in this project are Swiss company Kolenko and Serbian Energoprojekt, which were the best bidders in the tender.

During the second phase of renewal, HPP will produce elec-tricity according to plans, since the works will be carried out during the period of regular annual overhaul. KfW bank has provided 20 million euros for 2nd phase. The first phase of re-newal of HPP Piva lasted four years. In that period, new exciting system of the generators were installed.

Installed capacity: 649 MWCapacity increase: at least 100 MW

EVN and Statkraft started with 3 HPP construction (Albania)

Austrian EVN and Norwegian Statkraft have started a construc-tion works on three hydro power plants on river Devoll. 950 million EUR project is expected to be finished in 8 yeas.

First HPP, Lozhan-Grabove will have 173 MW, second Skender-begas-Driza will have 138 MW, and smallest, Banje will have 28 MW of installed capacity. These HPPs should deliver 1000 GWh annually.

This project is expected to increase total Albanian generation by 20%.

Two companies have signed a 35 year concession contract with government in 2008.

§ § §

Construction works on oil terminal Vlora (Albania)

Albanian-Italy company Petrolifera Italo Albanese has finished construction works on oil terminal near Albanian port Vlora. In 2004, company has received 30 years concession right to build and operate the terminal. Total investment is estimated to 57.7 million EUR. Terminal is consisted of tanks for diesel, petrol and LNG and surrounding infrastructure. It is expected that this port would gain 2.5 million EUR profit in this year, and double in following.

§ § §

EP BiH: 2.5 billion euros of investments until 2020 (Bosnia and Herzegovina)

General manager of Power utility of Bosnia and Herzegovina (EP BiH) Amer Jerlagic said that strategic goals of the company are to undertake restructuring, (which will include takeover of the coalmines), to invest in new power plants and to invest in renewable energy sources.

By the end of 2020, EP BiH plans to build 1,800 MW in new power plants (hydro, thermal and wind), which annual output should reach 8 TWh. Overall investments should reach 2.5 bil-lion euros, Jerlagic said.

New power plants will cover increase in electricity consump-tion as well as replacement of over aged power plants. In the next three years, the company plans to invest some 700 million euros for reconstruction of existing and construction of new power plants, Jerlagic said.

EP BiH is the largest of three power utilities in BiH. It has in-stalled output of 1,670 MW, annual production of 6.5 TWh (one third is being exported), while overall number of customers is

News:

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Balkan Energy NEWS, e-journal Issue No: 2009-VI/1 - issue covers period 1.6.2009-15.6.2009

670,000. The company’s annual income is some 450 million eu-ros.

§ § §

Sources: CEZ demands 60 million euros for stalled project in TPP Gacko (Bosnia and Herzegovina)

Power utility of Republic of Srpska (ERS) and thermal power plant (TPP) Gacko have informed Banja Luka Stock Exchange that they had received note from International chamber of commerce (ICC) (on May 27) in which they have been informed on lawsuit of Czech CEZ due to stalled joint venture project in thermal TPP Gacko.

The start of arbitrage has been expected since January this year when CEZ announced it had withdrew from the project. CEZ said that ERS had failed to meet its contractual obligations, i.e. it did not transfer assets of TPP Gacko into joint venture com-pany New power plants of RS (NERS) founded in 2006.

According to sources, CEZ demanded from ERS and TPP Gacko to pay 60 million euros as compensation in accordance to con-tract signed in 2007. The worth of investments in TPP Gacko, which should include construction of two new 330 MW units, reconstruction of existing 300 MW unit and enlargement of the coalmine, was estimated at 1.4 billion euros.

Commenting the latest announcements, general manager of ERS Branislava Milekic said that ERS would continue project in Gacko with or without CEZ. On the other hand, she also be-lieves that CEZ and ERS could reach an agreement even after the arbitrage was started. If not, ERS and CEZ should reach an agreement on CEZ’s withdrawal from the project, Milekic said.

Milekic denied that CEZ’s decision has anything to do with reduced coal reserves in existing coalmine in Gacko. She did confirm that coal reserves in existing coalmine would be ex-hausted in the next two years, so that new pit mine should be opened.

Head of ERS repeated that main obstacle for continuation of the project was the lawsuit of minority shareholders in TPP Gacko, which claim that joint venture agreement of ERS and CEZ has violated their rights.

Milekic denied that government and ERS offered to CEZ to build hydropower plant in RS in order to offset environmental costs in TPP Gacko. She also denied that ERS negotiated with RWE or any other company regarding investments in TPP Gacko.

Milekic said that ERS posted 12 % rise in electricity production in the first five months of this year, but income would not be correspondingly higher due to drop in electricity prices.

§ § §

KazTransGaz and Zenica municipality founded joint venture company (Bosnia and Herzegovina)

The head of Zenica municipality Husein Smajlovic and sales di-rector KazTransGaz (KTG) Manuele Wernli signed the contract on establishment of joint venture company KTG Zenica, which will be involved in production, trade and providing services.

As recalled, in March this year, KTG and Zenica municipality signed Memorandum of understanding for construction of natural gas fired thermal power plant (TPP) near city of Zenica. The future TPP should have 250 MW of electricity output and 170 MW of heat output, where the cost of the project is esti-mated at 250 million euros.

KTG will be obliged to invest 250 million euros in joint venture company, by which it will acquire 75 % stake in the project. Zenica municipality will invest land and necessary permits, and it will own rest of the stake in the project.

In March, KTG said it decided to start project in Zenica after government of Federation of BiH failed to proceed with the large-scale projects in energy sector. KTG was selected to be strategic partner in the project for construction of new 250 MW TPP in Kakanj in the end of 2007. The particular energy projects are officially delayed since December last year.

§ § §

BH Gas and E.ON Ruhrgas signed cooperation protocol (Bosnia and Herzegovina)

In the beginning of June in Budapest, natural gas companies BH Gas and German E.ON Ruhrgas signed a cooperation pro-tocol. The protocol opens option for BH Gas, for the first time, to import natural gas on short-term and long-term basis from supplier other than Gazprom.

BH Gas said that latest protocol, along with construction of natural gas pipeline Bosanski Brod-Zenica, is the first step in diversification of natural gas supplies. Apart from purchase of natural gas, cooperation protocol envisages options for natural gas storage, exchange of experience and joint construction of natural gas network in Bosnia and Herzegovina.

The company however said that agreement with E.ON does not imply that company would cancel import contracts with Gazprom.

§ § §

Government of Japan approved 131 million dollars loan for TPP Ugljevik (Bosnia and Herzegovina)

Council of ministers of Bosnia and Herzegovina (BiH) confirmed that government of Japan has approved 131 million euros loan for the Flue Gas Desulphurization (FGD) facility in thermal power plant (TPP) Ugljevik (300 MW). The loan will be provided by Japan Bank for International Cooperation (JBIC).

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Balkan Energy NEWS, e-journal Issue No: 2009-VI/1 - issue covers period 1.6.2009-15.6.2009

According to official release, ambassador of Japan to BiH Futao Motai informed the Council on this issue. President of Council of minister Nikola Spiric said that responsible institutions will speed up their activities in order to start using the loan.

In the related news, TPP Ugljevik said it had posted 14.9 million euros of income in the first quarter of this year. In the same pe-riod, total electricity production amounted to 402 GWh, which was higher than planned. In the same time, total coal produc-tion amounted to 354,670 tons.

In 2009, company plans to invest 18.3 million euros. The planned income in 2009 should reach 70.6 million euros, while annual electricity production should reach 1.5 TWh. In the last year, TPP posted 2.7 million euros of net profit, while total elec-tricity production amounted to 1.53 TWh.

§ § §

EP BiH to sell 265 GWh of electricity in period July-December (Bosnia and Herzegovina)

Power utility of Bosnia and Herzegovina (EP BiH) has published public invitation for sale of 265 GWh of electricity in period July-December this year. The company offered to sell overall amount of 60 MWh/h of electricity in blocks of 10 MWh/h dur-ing entire period.

Tender was open until June 15, where nine companies submit-ted bids: Ezpada, RE Trading, CEZ, Rudnap, Atel, EGL, Corlea In-vest, GEN-I and EFT.

General manager of EP BiH Amer Jerlagic did not want to com-ment offered prices, yet he said that company should sell en-tire amount offered in the tender.

Executive director of EP BiH in charge for supply and trade, Emir Aganovic earlier said that, having in mind current low electric-ity prices, the company wanted to get better price by selling the electricity on long-term basis. Aganovic said that company would not sell electricity if the price were not favorable. On the other hand, in order to provide additional income, EP BiH will offer emergency reserve to other power companies in case of need.

EP BiH has some 2 TWh of surpluses per year. In the last year, company’s income from electricity export reached 143.5 mil-lion euros. In the last year, EP BiH posted net profit of 23.5 mil-lion euros.

§ § §

Sources: Srbijagas to takeover Gas Promet (Serbia & Bosnia and Herzegovina)

Press in Bosnia and Herzegovina reported that Serbian natu-ral gas company Srbijagas plans to takeover Gas Promet from Pale. According to expectations from Republic of Srpska (RS), this transaction would pave the way for connecting the RS to the future South stream natural gas pipeline.

Sources said that Gas Promet would pay its debts to Srbijagas by transferring 65 % of its shares to Srbijagas. The government will own 25 % stake, while the rest will be owned by investors and minority shareholders.

By this transaction, Srbijagas will acquire majority ownership over pipeline network near Zvornik that should be connected to future South stream pipeline. Sources say that agreement should be reached very soon.

The officials from ministry of energy of RS did not confirm news on takeover, yet they said that government reached decision on signing the memorandum of understanding ad settling the mutual debts between Gas Promet and Srbijagas.

Head of Gas Promet Milomir Draganic believes that Srbijagas should become shareholder in Gas Promet so that RS would get access to natural gas storage facility in Banatski Dvor in Ser-bia. Sources also said that Srbijagas wants to build natural gas network in RS.

§ § §

Natural gas prices to be reduced by 22-23 % from July 1 (Bosnia and Herzegovina)

Natural gas company BH Gas announced it would propose to the government of Federation of Bosnia and Herzegovina to approve reduction in natural gas prices of 22-23 % starting from July 1. This was said by the director of BH Gas Almir Be-carevic.

According to proposal, distribution natural gas prices should be reduced from 360 euros/1,000 cbm down to 275 euros/1,000 cbm.

Becarevic said that company posted 4.6 million euros loss in period January-February this year. In the last year, company posted 1.6 million euros of profit.

Head of BH Gas said that company must be profitable in order to provide guarantees for natural gas import as well as to ac-quire loan from EBRD for new natural gas projects.

§ § §

TPP Gacko produced 185 GWh of electricity in May (Bosnia and Herzegovina)

Thermal power plant (TPP) Gacko (300 MW) has produced some 185 GWh of electricity in May, which was close to plans, executive director Branislav Rupar said.

Rupar also said that preparations for regular annual overhaul were underway, so that overhaul will start on August 1 and it should last 45 days.

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EP BiH and EP HZHB warned on possible increase in electricity prices (Bosnia and Herzegovina)

Power utility of Herzeg-Bosnia (EP HZHB) warned that electric-ity prices might be increased if the parliament of Federation of BiH approves changes in the law that sets fees for usage of accumulation lakes.

The company said that changes in the law were made without consulting power companies and without analyzing effects on final electricity prices.

Similar to EP HZHB, Power utility of Bosnia and Herzegovina (EP BiH) also believes that electricity prices could be increased if the new law was approved. Head of EP BiH, Amer Jerlagic said that company’s expenses would be increased by over 5 million euros, which would imply that regulator could approve increase in electricity prices.

According to current law, power utilities pay the fee for usage of accumulation lakes in accordance to power output of par-ticular hydropower plant. The new law says the fee will be paid in accordance to total area of particular lake.

§ § §

Energoni to build 100 MW in wind farms by 2011 (Bulgaria)

Bulgarian company Energoni, owned by Greek investors, an-nounced it plans to build wind farms in Bulgaria with overall output of 100 MW. Overall investment should reach 160 million euros. This was announced by executive director of Energoni, Dimitris Aivaliotis during the company’s presentation on Stock Exchange.

Energoni should provide some 70 million euros for the project, while the rest should be provided by investors. The company still needs to find suitable sites for future wind farms.

Aivaliotis announced that company should be also involved in construction of solar power plants in Bulgaria.

§ § §

E.ON to invest 36 million euros in electricity grid in 2009 (Bulgaria)

Electricity distributor E.ON announced it would invest some 36 million euros for replacement of power lines in 2009. The investments are aimed to attract new customers by improving the quality of services, the company said.

E.ON said that in period January-May this year, electricity con-sumption of its largest customers reduced by 15 %. In the same time, total debts of the customers amounted to some 22 mil-lion euros.

§ § §

Regulator presented proposal on new electricity and heating prices (Bulgaria)

State Energy and Water Regulatory Commission (SEWRC) has presented draft proposal on new electricity and heating prices that should be valid from July 1. By this, SEWRC started public debate on new prices.

SWERC proposed that National electric company (NEK) should sell electricity to distribution companies and to the end cus-tomers at price of 36.9 euros/MWh (+ 27 %) (no VAT). In the same time, new transmission fee was set at 4.65 euros/MWh (+10.6 %). SWERC proposed that Electricity system operator (ESO) should charge network access fee at 3.25 euros/MWh (+22 %).

According to proposal of SEWRC, the price of electricity for households should be reduced by 1 % in average.

SEWRC proposed that average electricity prices for households supplied by EVN and CEZ should be reduced by 0.78 %, down to 6.8 eurocents/kWh. In the same time, average electricity price for households supplied by E.ON should be reduced by 1.67 %, down to 6.9 eurocents/kWh.

The companies connected to middle voltage grid supplied by EVN should pay 5.4 eurocents/kWh in average (+3 %), while companies connected to low voltage grid should pay 7.8 eu-rocents/kWh (-0.19 %).

The companies connected to middle voltage grid and supplied by E.ON should pay 6 eurocents/kWh (+4 %), while companies connected to low voltage grid should pay 7.8 eurocents/kWh (-2.52 %).

The companies connected to middle voltage grid and supplied by CEZ should pay 5.3 eurocents/kWh (-2.4 %), while compa-nies connected to low voltage grid should pay 7.5 eurocents/kWh (-0.63 %).

As for heating prices, SEWRC proposed that reduction should vary between 4.5 and 23 % depending on city. In capital Sofia, heating prices should be reduced by 19 %.

SEWRC should approve new electricity and heating prices on June 25.

§ § §

Natural gas prices to be reduced by 33.14 % starting from July 1 (Bulgaria)

Natural gas supplier Bulgargaz proposed to State Energy and Water Regulatory Commission (SEWRC) to approve 33.14 % re-duction in natural gas prices starting from July 1.

The work team of SEWRC accepted the Bulgargaz’s proposal so that new prices should be most likely approved on June 25.

According to new proposal, natural gas prices in the third quar-ter should be reduced by 92.6 euros/1,000 cbm down to 187 euros/1,000 cbm (no VAT). This would be the biggest decline in

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natural gas prices in the last two years due to lower oil prices in the previous nine months and appreciation of local currency.

However, starting from October, natural gas prices should rise by 10 % due to increase in oil prices in the past several months.

Head of Bulgargaz Dimitar Gogov said that natural gas con-sumption in the country was reduced by 10 % due to economic crisis.

§ § §

TPP Varna finished regular overhauls of units 2, 4 and 5 (Bulgaria)

CEZ Bulgaria confirmed that thermal power plant (TPP) Varna (6x210 MW) has successfully completed annual overhauls of units 2, 4 and 5. The TPP is in good technical condition and it is ready for the next summer season, CEZ Bulgaria said.

The next stage of overhauls will start in September. According to the timetable approved by Electricity system operator (ESO), major overhaul of unit 6 will start in autumn.

Head of TPP Varna Jan Vavera said that, due to economic crisis, only one out of six units is in operation.

In the related news, prime minister of Bulgaria Sergey Stanishev said the government would demand extension of the deadline for decommissioning of units 1-3 in TPP Varna. Stanishev said this during the visit to the TPP.

According to Accession agreement with EU, the first three units in TPP Varna should be decommissioned in period 2010-2012. In the same time, the owner of the plant, CEZ, is obliged to build new natural gas fired unit with output of 880 MW, for which some 770 million euros will be invested. This would not happen before the end of 2013, so that government decided to support demand of CEZ for extension of the deadline for units 1-3.

§ § §

EIB paid first installment of 25 million euros to Plinacro (Croatia)

Natural gas transporter Plinacro confirmed that European in-vestment bank (EIB) has paid 25 million euros to company’s ac-count, which was the first installment of the loan granted by EIB. The loan was granted for financing Plinacro’s development, construction and modernization programme in period 2007-2011.

The payment was in accordance to timetables earlier agreed between EIB and Plinacro. In the end of 2007, Plinacro and EIB signed the contract on 190 million euros loan.

In period 2007-2011, Plinacro plans to invest 443 million euros, where the rest of the funds will be provided by company itself.

Plinacro said that the latest payment would enable continua-tion of the development programme. During the second stage,

the company will invest in development of natural gas net-works in provinces Lika and Dalmacija, construction of natu-ral gas link toward Hungary and for construction of regional pipelines Vodnjan-Umag and Kukuljanovo-Omisalj.

§ § §

Government wants to double natural gas import from Russia (Croatia)

Local press reported that Croatia wants to increase natural gas import from Russia from current 1.15 billion cbm per year up to 2.5 billion cbm.

The current natural gas supply contract with Gazprom will ex-pire on December 31, 2010, but government already started activities in order to prolong the contract and to secure ad-ditional amount of natural gas. Sources said that this was one of the main reasons for visit of vice prime minister Damir Po-lancec to the St. Petersburg International economic forum in the beginning of June.

The natural gas supply contract was signed by Croatian oil industry (INA) and Gazprom, but since government recently decided to separate natural gas supply division in INA into in-dependent company, the government is to sign new contract with Gazprom. According to plans, new company, which will be in charge for natural gas supply in Croatia, should be of-ficially established by July 1.

§ § §

Koncar won three contracts for renewal of substations in Albania (Croatia)

Koncar company has informed Zagreb Stock Exchange it had been awarded 17.4 million euros contract for reconstruction of three substations in Albania.

The company said that latest contract represents continua-tion of tradition in construction and reconstruction of power facilities in Albania. Koncar won the contract in international tender conducted in accordance to rules set by World Bank, which has provided loan for the project. Croatian company outbid, among the others, Siemens, Samsung and ABB.

The project includes reconstruction of very important 220/110/35kV substations Tirana 1, Fier and Elbasan. The most of the equipment will be manufactured by Koncar, while en-tire project should be completed in the 20-month period. The company pointed out that reconstruction would be mostly carried out without interruption in power supply, thanks to skills and expertise of its employees.

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Plinacro posted 9.5 million euros in period January-April (Croatia)

Natural gas transmission company Plinacro said it had posted 9.5 million euros of net profit in the first four months of this year. According to official release, overall income amounted to 28.2 million euros, which was 1.8 % higher than planned. In ad-dition, the gross profit was 11.8 million euros.

The company said it faced enormous difficulties in collecting the invoices from Oil industry of Croatia (INA). The income from cooperation with INA represents some 95 % of Plinacro’s income. The company said that INA’s debt amounted to 18.5 million euros. The management of Plinacro said it bypassed the cash flow problem by using the accumulated profit from the last year.

In the related news, shareholders assembly of Plinacro accept-ed resignation of chair of the management board Branko Ra-dosevic. According to government’s decision, new chair of the management board will be Jerko Jelinic.

The former head of Plinacro explained its resignation with per-sonal reasons. On the other hand, local media speculate that resignation came after pressure made by the government. Ac-cording to sources, the government was unsatisfied with han-dling the project for construction of pipeline Bosiljevo-Split, as well as with problems related to establishment of Croatian consortium that will be involved in construction of LNG termi-nal on Krk Island.

§ § §

MOL took over management of INA; Competition council ordered INA and MOL to reduce their market

share (Croatia)

Hungarian MOL officially confirmed it had taken over mana-gerial rights in Croatian oil industry (INA). The agreement on managerial changes in INA was reached between government of Croatia and MOL, INA’s strategic partner, in January this year.

In the last year, after the initial public offering (IPO), MOL in-creased its stake in INA up to 47.15 %, and thus became ma-jority shareholder in INA. The government now owns 44.84 % stake in INA.

On June 10, during the shareholder assembly of INA, new su-pervision board was elected, where MOL appointed five mem-bers, while the rest of the four members were appointed by Croatian side.

The new chair of the Management board of INA is Laszlo Gesz-ti, while the new chair of the Supervision board will be vice prime minister Damir Polancec. In addition, company for the first time set up new board of executive directors that will be in charge of operational management. CEO of INA will be Bojan Milkovic.

The assembly decided that after tax loss from the last year of 120 million euros will be covered by accumulated profit.

New management said it would increase profitability and effi-ciency of INA, wile both INA and MOL will benefit from harmo-nization of its operations. INA’s exploitation and exploration operations will more than double MOL’s oil and natural gas reserves, while INA’s refinement capacities will increase MOL’s refinement capacities in the region by 40 %. In the same time, number of petrol stations will be increased by 45 %, i.e. up to 1,500 stations in the region.

MOL owns three refineries, in Hungary, Slovakia and Italy, while their overall annual processing output is 16.8 million tons. MOL’s annual sales are 18.1 million tons. On the other hand, INA has two refineries with overall output of 6.7 million tons per year.

In the related news, Croatian Competition Agency (CCA) de-cided that market concentration of INA and MOL would be allowed after INA and MOL sell company Crobenz in the next nine months. Crobenz has 14 petrol stations in Croatia.

CCA also imposed certain limitations to INA and MOL for con-struction or lease of future petrol stations along the highways, since INA and MOL have large market share, which could nega-tively affect the market.

Until takeover of managerial rights in INA, MOL’s market share in Croatia was 5-10 %, while now overall market share of INA and MOL reached 55-65 %.

§ § §

Edison SpA interested in DEPA (Greece)

Italian utility Edison SpA is interested in taking part in the pri-vatization of Greek natural gas company DEPA, said its Chief Executive Umberto Quadrino.

In an interview, Quadrino said Edison’s priority with regard to its foreign interests was Greece, where the company is already a power operator through its joint venture with Hellenic Pe-troleum.

“We’re obviously interested in a stake DEPA since we have gas-fired power plants to fuel and have plans to build a gas pipe-line from Greece to Italy,” he said.

The Greek government, which owns 65 percent of DEPA, in March gave up on plans to float the company and said it would instead focus on finding a strategic investor.

“The government has announced the sale of 33 percent and while we are interested, we are still waiting for the bid to be organized,” added Quadrino.

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GDF Suez to purchase 50% stake in two power plants (Greece)

GDF Suez SA has obtained regulatory approval to buy a 50% stake in two power plants owned by Greek GEK Terna Group as part of a joint venture to tap growing demand for power in Greece.

“All regulatory approvals have now been obtained and all con-ditions have been satisfied”, Greek company said in a state-ment.

GDF Suez became a shareholder in the two companies that will run the Heron I and Heron II power plants. The 150 MW Heron I plant, about 120 kilometers north of Athens, has operated since 2004. The Heron II, 450 CCGT power plant is scheduled to begin with operation in 2010.

§ § §

EVN Macedonia has filled an appeal against Regulatory Commission (Macedonia)

EVN Macedonia has filled an appeal against Macedonian Regu-latory Commission for energy. As a reminder, Regulatory Com-mission has denied EVN Macedonia request for 8.8% electricity price increase.

According to EVN Macedonia, by this decision, Regulatory Commission did not approve 117 million EUR of EVN Macedo-nia operational expenses and that decision would have nega-tive impact in further investments in distribution network and result with decreased quality of electricity supply.

Current electricity price is 3.44 denars/KWh. Previous electricity price increase was 13.5%, in November 2008.

§ § §

Spanish Inval to build wind parks in Macedonia (Macedonia)

Spanish company „Inval” has announced that it will build wind parks in easter Macedonia. In Stip, 66 wind generators will be build, each 3 MW, totaling around 200 MW. Value of entire project is estimated to 720 million EUR.

Inval official said that studies and terrain analyses have been completed, and, after all administrative procedures, construc-tion could begin in summer 2010.

By some estimation, annual production will be 475 GWh.

§ § §

Minister Fatmir Besimi excluded from EVN-ELEM court case (Macedonia)

Macedonian minister of economy, Mr. Fatmir Besimi, has been excluded as a witness in court dispute between EVN and ELEM. Mr. Besimi once again repeated that 200 million EUR debt has been regulated by contract annex.

In the related news, EVN announced to open “white book”, and by that, reveille all the fact related to court dispute with ELEM. According to EVN, “white book” will be publicly available (on EVN website). “White book” will be updated with new facts and evidences.

§ § §

Macedonia aims nuclear power plant (Macedonia)

Macedonian goverment has unveiled its 5 billion EUR energy investment plan, envisaging among others, the construction of a nuclear power plant by 2026. Under the government’s first scenario, three thermal plants with an annual capacity of 300 MW each are expected to be constructed in the period, while under the second scenario, the government aims to build a 1 000 MW nuclear power plant and a 300 MW thermal power plant.

The government’s energy draft plan is expected to be adopted by the end of July.

§ § §

EPCG: possible power cuts this summer (Montenegro)

Chair of the Board of directors of Power utility of Montenegro (EPCG) Srdjan Kovacevic announced there could be restrictions in power supply in Montenegro during this summer season.

During the press conference, Kovacevic said that EPCG would be forced to import some 30 % of its electricity needs during summer due to overhauls and regular maintenance works in power plants. As recalled, the capital overhaul in thermal pow-er plant (TPP) Pljevlja started in mid May and it should last five months.

Kovacevic also said that largest industrial customer in the country, Aluminum factory from Podgorica (KAP), did not pay electricity bills since November last year, while overall debts of KAP toward EPCG amounted to 22 million euros.

Several days after Kovacevic made its statement, EPCG said in official statement that company is ready for the next sum-mer season despite financial problems caused by large unpaid electricity bills. EPCG called its customers regularly to pay their bills in order to contribute safe operation of national electricity system.

EPCG reminded it had managed to import missing electricity in international tender having in mind that TPP Pljevlja and hydropower plant (HPP) Perucica will be out of service for the

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purpose of overhauls for five and two and half months, respec-tively.

§ § §

EPCG: 17 million euros of losses in 2008 (Montenegro)

Power utility of Montenegro (EPCG) said that, according to con-solidated data, the company should post 17 million euros of losses in 2008, which would be double compared to loss re-ported in 2007.The management initially estimated last year’s loss at some 10 million euros.

The company said that auditors should submit final report very soon, while shareholders assembly should review the report on June 30. According to original announcements, the finan-cial audit should have been completed by the end of April. The audit was also awaited by potential bidders in the tender for privatization of EPCG. The delay related to financial report was one of the reasons for prolonging the deadline in the tender for privatization of EPCG.

As recalled, tender for sale of 18.3 % stake in EPCG was extend-ed (for the second time) until July 17. The tender documenta-tion was purchased by Italian A2A and Edison, Russian Inter RAO, Power utility of Serbia, Norwegian NTE and consortium of Greek PPC and Golden Energy. In May, A2A managed to pur-chase 15 % stake in EPCG, for which it had paid 122.7 million euros. The stake was previously owned by several investments funds.

The management said that financial report was delayed due to comprehensive analyses and implementation of international accounting standards. According to EPCG, loss was higher than expected due to higher electricity import and higher munici-pality taxes. The loss also included potential costs related to on-going litigations.

EPCG said that cost for electricity import in 2008 was 19.2 mil-lion euros higher than approved by Regulatory energy agency (REA). In the same time, final balance of the long-term agree-ment with Power utility of Serbia (EPS) in 2008 was also nega-tive so that overall cost for electricity import in 2008 amounted to 90.5 million euros.

The company also paid 4.8 million euros for dismissal wages for 123 workers. Finally, total cost for municipality taxes in Pljevlja, Pluzine and Niksic amounted to 15.9 million euros. In the same time, EPCG announced it should post 40 million eu-ros of profit in the first half of 2009. By this, the company should cover losses from the last year, the management said.

Executive director of EPCG Ranko Vojinovic believes that com-pany would post profit in this year. During the first four months of this year, EPCG did not import electricity, while new law has cancelled payment of municipality taxes, Vojinovic pointed out.

§ § §

Administrative court cancelled decision on increase in electricity prices (Montenegro)

Power utility of Montenegro (EPCG) said it would continue to apply tariff system approved by Regulatory energy agency (REA) in December last year despite the fact that Administra-tive court cancelled the REA’s decision. EPCG is obliged by law to comply with decisions of REA, the company said.

In December last year, REA approved 10 % increase in electricity prices for households. Average price of electricity for two-tariff households customers was set at 8.46 eurocents/kWh, while average electricity prices for single-tariff households was set at 10.1 eurocents/kWh.

Administrative court decided that REA should adopt new tar-iffs, which should remove certain errors in evaluating costs re-lated to coal purchases and electricity import. These particular costs were approved by REA at the request of EPCG.

The court argued that REA approved EPCG’s estimated costs for electricity import in 2009. In the meantime, EPCG has cancelled tender for electricity import in the first four months, while elec-tricity prices in the region have considerably decreased.

Finance minister Igor Luksic said that REA should adopt new tariffs very soon. The minister refused to comment court’s deci-sion, saying he was not allowed to do that.Asked how the customers will be refunded, the minister said this should be resolved by EPCG. According to some estima-tion, EPCG should refund some 20 million euros to its custom-ers.

Director of REA Dragoljub Draskovic said that new tariffs should be approved by the end of June. This decision should also de-fine how, if it proves necessary, the customers will be refunded. Draskovic said that REA approved the latest tariffs by taking in account official electricity balance sheet of the country and price of imported electricity estimated at 8.2 eurocents/kWh.

§ § §

Minority shareholders in EPCG offered cooperation to A2A (Montenegro)

Association of minority shareholders in Power utility of Mon-tenegro (EPCG) has invited Italian A2A to join the association in order better to represent interests of minority shareholders. Head of Association, Vasilije Milickovic said that government, which owns 70 % stake in EPCG, has been neglecting the rights of minority shareholders.

Association of minority shareholders and A2A control overall stake of 30 % shares in EPCG. As recalled, A2A recently pur-chased 15 % stake in EPCG from investments funds for 122.7 million euros.

A2A is one of the companies that should submit bid in the ten-der for privatization of EPCG. In the second half of May, tender commission prolonged the tender deadline until July 17. Ten-der documentation was also purchased by Edison (Italy), Inter

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RAO (Russia), Power utility of Serbia (EPS), consortium of PPC and Golden Energy (Greece) and NTE (Norway).

In the beginning of June, consortium of PPC and Golden En-ergy announced it would demand from the tender commission to cancel tender condition for submitting the mandatory offer for purchase of shares from minority shareholders.

According to tender terms, the bidders are obliged to submit the same bid for purchase of 18.3 % stake owned by the gov-ernment and the rest of 30 % shares owned by minority share-holders. Greek consortium believes that A2A has already met the particular condition, so that cancellation of this condition would provide equal treatment for potential bidders.

§ § §

Italy ready to invest 4-5 billion euros in energy sector (Montenegro)

Minister of economic development of Italy, Claudio Scajola, said that Italian investors are ready to invest 4-5 billion euros in energy projects in Montenegro. Scajola said this during the meeting with prime minister of Montenegro Milo Djukanovic.

According to Italian minister, investors are interested in con-struction of submarine power cable between two countries, construction of hydropower plants, investments in Power util-ity of Montenegro (EPCG) and construction of transmission network.

§ § §

Report on energy resources in period January-April (Romania)

According to National Institute of Statistics (INS), primary en-ergy resources in period January-April reached 11.201 million tons of oil equivalent (toe), which was 19 % lower compared to same period last year. The domestic production reached 7.876 million toe (-6.4 %), while import of primary energy resources reached 3.325 million toe (-38.6%).

The coal resources amounted to 2.154 million toe (-27.9 %), where domestic production reached 1.849 million toe (-14.3%) and import reached 0.304 million toe (-63.3 %).

Oil resources amounted to 3.749 million toe (-9.7 %), where do-mestic production reached 1.442 million toe (-2.4 %) and im-port reached 2.306 million toe (-13.7 %).

Natural gas resources amounted to 3.396 million toe (-27.3 %), where domestic production reached 3.103 million toe (-5.3 %) and import reached 0.293 million toe (-79 %).

Electrical energy resources reached 20.748 TWh, which was 2.490 TWh or 10.7 % lower compared to the same period last year. The domestic electricity production was decreased by 2.577 TWh (-11.2 %).

The production in thermal power plants (TPPs) was reduced by 2.178 TWh (-16.9 %), while the production in hydropower plants (HPPs) was reduced by 0.493 TWh (-8.0 %). The produc-tion in nuclear power plant (NPP) Cernavoda was increased by 0.094 TWh (+2.4 %).

The domestic electricity production amounted to 98.3 % of overall electricity resources, while electricity import amounted to 1.7 % of overall electricity resources. The production in ther-mal power plants amounted to 52.3 % of overall electricity pro-duction, production in hydropower plants amounted to 27.8 %, while production in nuclear power plants amounted to 19.9 % of overall electricity production.

60.0 % of overall electricity produced in the country was spent by industry, 18.7 % by households, 12.2 % was technological consumption in power plants and electricity networks, 7.8 % of electricity was exported, while 1.3 % was spent by public light-ning.

Final electricity consumption amounted to 16.607 TWh (-8.5 %). In the same period, electricity export was reduced by 521.0 GWh (-24.4 %).

§ § §

Petrom started construction of 860 MW power plant in Brazi (Romania)

The largest company in Romania, oil and natural gas producer Petrom has started construction of 860 MW natural gas fired power plant in Brazi, Prahova County. The cost of the project is 500 million euros, and the power plant should be built by September 2011.

The company pointed out that this Greenfield project is in ac-cordance to EU energy strategy and EU environmental stand-ards. It should contribute to revitalization of national electricity sector, the company said in official release. The future plant will have 57 % efficiency compared to 30 % efficiency in existing power plants in Romania with similar output.

The project will be funded both from company’s own sourc-es and from two 200 million euros loans granted by EIB and EBRD.

New power plant should cover some 8 % of national demand. Some 20 % the plant’s output will be used by Petrom, while the rest should be delivered to the market.

The contract for construction of power plant was awarded to consortium of U.S. General Electric and Greece’s Metka in March 2008. The project will include construction of 30 km natural gas pipeline 3 km long power line.

CEO of Petrom, Mariana Gheorghe, said that Petrom, which re-cently obtained the electricity trade license, should enter elec-tricity market by the end of 2009.

Gheorghe also announced that company would reassess its medium term investments. The company has reduced its in-vestments in 2009 down to 1.1 billion euros compared to 1.7

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billion euros in 2008. In addition, the company has borrowed over 1.5 billion euros in the recent months. Petrom’s reserves of oil and natural gas are estimated at 0.9 bil-lion barrels of oil equivalent, while maximum refining capac-ity is 8 million tons per year. The company operates 550 petrol stations in Romania and over 250 petrol stations in Bulgaria, Serbia and Moldova.

§ § §

EnergoNuclear to launch tenders for equipment for units 3 and 4 in NPP Cernavoda (Romania)

EnergoNuclear, the project company in charge for construc-tion of units 3 and 4 in nuclear power plant (NPP) Cernavoda, has been preparing tenders for purchase of equipment for two new units. This was said by general manager of Nuclearelec-trica, Pompiliu Budulan. He also said that partners in Energo-Nuclear started talks on models for construction works.

As recalled, EnergoNuclear was established by Nuclearelec-trica (51 % stake), GDF Suez, RWE and Enel (9.15 % each) and ArcelorMittal and Iberdrola (6.2 % each). In April this year, the company held its first shareholders assembly and appointed management.

The construction of units 3 and 4, with 700 MW output each, should start in 2010-2011, while the units should be put in service in 2015-2016, according to latest estimations. The cost of the project is estimated at 4 billion euros.

§ § §

Natural gas pipeline Arad-Szeged to be completed in September, commercial operation to start in 2010

(Romania)

General manager of Transgaz, Ioan Rusu, announced that natu-ral gas pipeline Arad (Romania)-Szeged (Hungary) should be completed in September this year, but the pipeline will start commercial operation on January 1, 2010. Rusu explained that all contracts are concluded from January 1.

Rusu also said that pipeline might start commercial operations in October, but this would require renegotiation of all con-tracts.

According to local press, E.ON Gaz Romania, Distrigaz Sud, Petrom and MOL Energy Trade Ltd have reserved overall capac-ity of 3.4 million cbm per day at the Romanian side of the pipe-line. In Hungary, GDF SUEZ, MOL Energiakereskedo Kft., E.ON Foldgaz Trade Zrt, EconGas and Global NRG have submitted requests for long-term reservations for overall capacity of 3.9 million cbm per day. The pipeline’s maximum capacity is some 12 million cbm per day or some 4.4 billion cbm per year.

The agreement for construction of the pipeline was signed by Transgaz and FGSZ Transmission on July 1, 2008. The total length of the 700 mm pipeline will be 109 km, where Romanian part of the pipeline will be 62 km long.

§ § §

Nuclearelectrica posted 27.9 million euros of profit in 2008 (Romania)

Nuclearelectrica, the operator of nuclear power plant (NPP) Cernavoda, has posted 27.9 million euros of net profit accord-ing to latest data. The result was 16 % higher compared to 2007, due to putting in service unit 2 (700 MW). The unit 2 was put in commercial operation in October 2007.

In the same time, the company posted overall turnover of 406 million euros (+64 %), while electricity production was in-creased up to 11.23 TWh (+72 %).

In the related news, Nuclearelectrica confirmed that unit 1 was resynchronized to electricity grid on June 1. The unit was out of service since May 30, due to leak in pipeline system.

Nuclearelectrica is the second largest electricity producer in Romania (after Hidroelectrica) and it provides some 18 % of electricity in the country. The company has some 2,200 em-ployees. Nuclearelectrica operates NPP Cernavoda and Nuclear fuel factory in Pitesti.

§ § §

Transelectrica signed the contract for feasibility study for submarine power cable (Romania)

Electricity transmission system operator Transelectrica and Swedish company Vattenfall Power Consultant AB have signed 1.24 million euros agreement for the feasibility study for the future submarine power cable toward Turkey. The study will in-clude environmental assessment and it should be completed in 12 months.

The project for construction of power cable has been devel-oped by Transelectrica and its Turkish counter part TEIAS. The cable is aimed to enable electricity exchange between Roma-nia, Turkey, Russia, Moldova and Ukraine. Transelectrica said that power cable would mostly facilitate electricity export from Romania to Turkey, especially after development of new projects in Dobrogea region.

§ § §

Romgaz and Gazprom signed Memorandum of understanding (Romania)

In the beginning of June, natural gas producer Romgaz and Russian Gazprom signed the Memorandum of understanding that set the basis for establishment of joint venture company. The MoU was signed by general manager of Romgaz Marcel Adrian and head of Gazprom export Alexander Medvedev

Minister of economy of Romania Adrien Videanu said that joint venture company, equally owned by Romgaz and Gazprom, should be established in September this year. Minister pointed

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out this was the first cooperation agreement signed between Romania and Gazprom since 1989.

The agreement between Romgaz and Gazprom was announced during the visit of minister Videanu to Moscow on May 20-21. Videanu met Russian energy minister Sergey Shmatko and rep-resentatives of Gazprom, where two sides talked on coopera-tion in natural gas and electricity sector.

Minister Videanu said that new company would be involved in construction of natural gas storage facilities with overall capac-ity of 5-6 billion cbm. Out of this amount, some 2 billion cbm will be in the future facility Roman-Margineni. In this moment, Romgaz operates overall storage capacity of 2.76 billion cbm. In addition, Romgaz and Gazprom should be involved in joint natural gas sales and investments in cogeneration projects.

Minister Videanu pointed that cooperation agreement, which should be valid for 30 years, will increase energy security in this part of Europe.

Romgaz produces some one third of natural gas in Romania, which annual consumption in last year amounted to 17.3 bil-lion cbm, up 1 billion cbm compared to 2007.

§ § §

Ministry of economy presented proposal on structure of two integrated energy companies (Romania)

In the beginning of June, minister of economy Adrien Videanu, for the first time, revealed the names of the state owned power companies that will undergo restructuring.

Minster said that state-owned electricity distributor Electrica will be divided in two companies. Natural gas producer Rom-gaz will takeover power plant in Iernut from Termoelectrica, minister announced. Both companies will take part in new companies.

Minister Videanu announced that two national energy compa-nies, which should be established in this year, should be listed on stock exchange. The exact amount of shares to be listed will be later determined.

According to Videanu, the first national energy company will include energy complexes Turceni, Rovinari and Craoiva, units 1 and 2 in nuclear power plant (NPP) Cernavoda, National lignite company Oltenia (SNLO), half of Electrica and two hydropower plants (HPPs), the Valcea and Slatina (overall output of 1,554 MW and annual production of 3.6 TWh, HPPs are currently part of Hidroelectrica).

The second national energy company will include ELCEN Bu-charest, thermal power plants (TPPs) Deva and Paroseni (all three currently part of Termoelectrica), National Coal Company (CNH), other half of Electrica, HPP Iron Gates as well as smaller HPPs Caransebes, Hateg, Arges, Cluj, Bistrita, Sibiu, Sebes, Bu-zau and Targu Jiu. The particular HPPs (all part of Hidroelectrica in this moment) have overall power output of 4,820 MW and annual production of 13.7 TWh. Also, natural gas producer

Romgaz, through TPP Iernut, should become part of second national energy company.

Minister also said that joint ventures to be established by Ter-moelectrica and strategic partners, such as Galati, Braila and Borzesti would remain independent electric producers.

Public discussions regarding restructuring of state-owned en-ergy companies will take place between June 15 and July 15, minister Videanu said. Videanu present proposal on new en-ergy companies before the parliamentary commission for serv-ices and industry.

Minister Videanu said that first energy company will hold 48 % market share, while the second will hold 44 % share. These percentages will decline in 2017, after putting in service units 3 and 4 in NPP Cernavoda, while new market shares will be 41 % and 27 %, respectively, Videanu said.

According to minister, restructuring of energy sector is aimed to increase national energy independence, to increase energy production, to reduce dependence on single source of import-ed energy and to promote common policy of energy security in EU.

Minister Videanu said that Romania would notify EC on inten-tion to undertake restructuring of energy sector by the end of July.

According to estimations, two future companies will produce electricity at average price of 44-45 euros/MWh, compared to current price of 48 euros/MWh, minister pointed out. In this mo-ment, the cheapest electricity in Romania is being produced by Hidroelectrica (26 euros/MWh), while the most expensive elec-tricity is being produced by TPP Galati (109 euros/MWh).

Minister Videanu said that restructuring model took in ac-count 2.5 % rise in electricity consumption in Romania until 2025 as well as investments needed to renew existing power plants. Majority shareholder in new companies will be ministry of economy, while minority shareholder will be Proprietatea Fund.

During the same occasion, minister Videanu said that ministry would have talks with International monetary fund (IMF) and European Commission (EC) regarding possible debt erasure in Termoelectrica and National Coal Company. The debts of two companies will also be taken over by new national energy com-panies.

In related news, EC energy commissioner Andris Piebalgs, dur-ing the meeting with minister Videanu said that restructuring of energy sector in Romania is necessary. He expressed hopes that Romania will comply with EU legislation in this process.Piebalgs and Videanu also discussed issue of subsidies for coal companies having in mind that December 2010 is the deadline for giving subsidies to this sector.

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Regulator: electricity prices for households to remain unchanged from July 1 (Romania)

Romanian energy regulatory authority (ANRE) decided that electricity prices for households would remain unchanged from July 1. In May, head of ANRE, Peter Lificiu announced that electricity prices might be reduced from July 1.

Lificiu also said that ANRE has been analyzing potential incen-tives for small and medium companies, which have been fac-ing problems due to economic crisis.

§ § §

EPS and SECI Energia signed agreement for feasibility studies for HPPs on Ibar River (Serbia)

Power utility of Serbia (EPS) and Italian company SECI Energia signed an agreement for making the analyses and feasibility studies for construction of nine hydropower plants (HPPs) on Ibar River.

According to development plans from 1996, nine small HPPs on Ibar River should have power output of 15 MW each. HPPs should be built between cities Raska and Kraljevo.

General manager of EPS Dragomir Markovic believes that project will be highly profitable thanks to the incentives that will be granted mostly by government of Italy.

Director of SECI Energia Gaetano Maccaferri said that the agree-ment would help development of energy sectors of Serbia and Italy.

The agreement between EPS and SECI Energia was signed in presence of Serbian foreign minister Vuk Jeremic and its Italian counterpart Franco Frattini.

§ § §

Energy minister: electricity tariffs for renewable energy sources to be approved by July 1 (Serbia)

Minster of energy and mining Petar Skundric said that prefer-ential prices for electricity produced from renewable energy sources (RES) should be adopted by July 1. Minister said that, in this way, the state would promote usage of RES.

Skundric said that price of electricity produced in small hydro-power plants (HPPs) should be between 7 and 9 eurocents/kWh compared to wholesale electricity prices in Serbia of some 4 eurocents/kWh. In the same time, the preferential price for electricity produced in wind farms and biomass power plants should be some 10-10.5 eurocents/kWh.

The price of electricity from solar power plants will be much higher compared to other RES, but Serbia does not expect sig-nificant investments in these particular power plants, minister Skundric said.

§ § §

Local companies owe 330 million euros to NIS (Serbia)

General manager of Oil industry of Serbia (NIS) Kiril Kravchenko said that local companies owe some 330 million euros to NIS. The largest debtors are Srbijagas, Petrochemical factory, na-tional airliner Jat, Power utility of Serbia (EPS) and several trans-porting companies.

Kravchenko said that NIS started negotiations with all above-mentioned companies and managed to stop debt increase. In the same time, the particular companies and NIS, in coopera-tion with the government of Serbia, agreed on timetable for paying back the debts.

Kravchenko hopes that despite complex financial situation, the most of state-owned companies should manage to pay its debts. On the other hand, NIS should settle debts of private companies by itself, he said.

In the related news, head of NIS said that company would post profit in this year, despite the fact that quarterly loss was esti-mated at some 120 million euros. 70 % of this loss was made during January, while business performance improved in Feb-ruary and March, Kravchenko said.

Kravchenko reminded that company posted 85 million euros of losses in 2008. The financial result was disputed by govern-ment of Serbia. The government demanded second financial audit, since preliminary data implied that NIS has posted profit in the last year. The government should select independent au-ditor very soon, while final financial report should be submit-ted by September 30.

Kravchenko said that NIS demanded higher refining prices, since current prices, which have not been changed in the last three years, generate loss for the company. NIS demanded in-crease of refining fee from 29 up to 52 dollar per ton. He also said that company would be able to sell oil derivatives at lower prices in two years.

By August, NIS will be obliged to transfer shares to current and former employees free of charge, where this would represent 19.4 % stake in NIS. In period of two years, the new owner is obliged to submit bids for purchase of shares from employees, while the share price should be at least equal to price paid by Gazprom for 51 % stake in NIS. As recalled, Russian company paid overall amount of 400 million euros for majority stake in NIS.

Overall number of current and former employees of NIS is some 25,000, while some 5 million of citizens of Serbia will be also entitled for smaller part of shares in NIS, which is in accord-ance to Privatization law for NIS.

§ § §

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Negotiations with Chinese companies on construction of HPP Djerdap 3 (Serbia)

Ministry of energy and mining of Serbia confirmed it had started preliminary talks with Chinese companies regarding construc-tion of hydropower plant (HPP) Djerdap 3, on Danube River.

State secretary in ministry of energy Dusan Mrakic earlier said that future HPP Djerdap 3 should be pump storage HPP with overall output of over 2,000 MW. Mrakic said that revision of old feasibility study (which was made ten years ago) for the HPP should be completed soon, while strategic partner for the project could be selected in the beginning of next year.

On the other hand, officials from Power utility of Serbia (EPS) said they had no knowledge on potential participation of Chi-nese companies in the project. EPS said the future HPP Djer-dap 3 should be built through several stages, while cost of the project would be several billion euros.

According to original plans, during the first stage, HPP Djerdap 3 should have power output of 600 MW, while annual produc-tion should reach 2 TWh. When the HPP was finally completed, its output should reach 2,400 MW, while annual production should reach 7.6 TWh.

§ § §

EPS to invest 1.2 billion euros for ecological projects (Serbia)

Power utility of Serbia (EPS) plans to invest 1.2 billion euros for ecological projects until 2015. This was said by the gener-al manager of EPS Dragomir Markovic during presentation of Green book of EPS.

The Green book contains plans for improvement of environ-mental protection in Serbia, which should attract investors and donors for implementation of particular projects.

Markovic said that funds for particular projects would be pro-vided from own income, loans, and strategic partners and from EU funds. He reminded that overall investments of EPS in new projects until 2015 will be 9 billion euros.

Minister of environment and spatial planning Oliver Dulic said that energy sector is responsible for 70 % of overall pollution in Serbia. He welcomed the Green book saying it was the first time that one large company admitted causing the problems and proposed plans for their solution.

According to officials, EPS is the first power company from the countries signatories of Energy community in Southeaster Eu-rope that has published document related to ecological needs and obligations.

In the related news, director of sector of strategy in EPS Ale-ksandar Jakovljevic announced that EPS should invest 9 billion euros for construction of new facilities and reconstruction of existing ones until 2015.

According to plans, some 4 billion euros for will be invested for renewal of existing facilities, i.e. 0.4 billion euros for hydro-power plants, 1.3 billion euros for thermal power plants and 1.5 billion euros for coalmines.

Some 5 billion euros will be invested for new facilities, i.e. 2.5 billion euros for TPPs, 0.6 billion euros each for HPPs and coal-mines and 0.7 billion euros each for new electricity meters and for new distribution networks.

Jakovljevic said that necessary funds for the projects will be provided from company’s income (3.4 billion euros), loans (3.8 billion euros), strategic partners (1.8 billion euros) and other sources (0.2 billion euros).

Jakovljevic also said that main condition for making the planned investments is increase in electricity prices. In this moment, electricity consumption makes 30 % of final consumption due to low energy efficiency and inadequate usage of electricity. The largest problem is the fact that 20 % of overall electricity consumption goes to heating.

§ § §

Srbijagas and Gazprom agreed on start of loading the facility in Banatski Dvor (Serbia)

Director of Srbijagas Dusan Bajatovic announced that Srbijagas and Gazprom agreed on start of pumping the natural gas into storage facility in Banatski Dvor, which would be the start of cooperation in this project. Bajatovic said that this issue is very important for Serbia since the facility could be operational dur-ing next winter and the country would avoid potential supply shortages.

Chair of the Management board of Gazprom, Alexei Miller said that two companies also agreed to prepare basic agreement on future investments in facility in Banatski Dvor.

Bajatovic and Miller had a meeting during the St. Petersburg International economic forum in the beginning of June,

Bajatovic also announced that experts from Srbijagas and Gazprom, who will be involved in preparation of feasibility study for South stream pipeline, should start to work in June. He said that two companies should establish joint venture company for the South stream project by the end of June. The section of South stream pipeline across Serbia should be 450 km long, while annual capacity should be 20 billion cbm. The worth of investment is estimated at 700 million euros.

Head of Gazprom said that pipeline route across Serbia was not determined yet, where the final decision should be reached af-ter completing the feasibility study for the entire project. The works on feasibility study should start in September, while the final investment decision should be reach until June 2010.

Several days after St. Petersburg meeting, director of Srbijagas confirmed that pumping of natural gas into facility in Banat-ski Dvor should start on July 1. Some 1 million cbm of natural gas per day should be stored in the facility. Before the loading

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starts, Srbijagas and Gazprom should agree on the amount of natural gas that has been already stored in Banatski Dvor.

The natural gas should be delivered by Gazprom and it will be valuated as Gazprom’s investment in the project, Bajatovic said. He believes that cost of loading the facility will reach some 30 million euros. The maximum capacity of the facility should reach 470 million cbm. When the facility becomes operational, it will be able to deliver 5 million cbm of natural gas per day.

§ § §

EIB granted 24.5 million euros to EMS (Serbia)

In mid June, European investment bank (EIB) has granted 24.5 million euros loan to Serbian transmission system operator (EMS).

The funds will be used for construction and upgrade of six high voltage substations. Overall worth of the project will reach 50.7 million euros, where the rest of the funds will be provided by EMS.

§ § §

EPS: reduced electricity consumption and increased electricity export (Serbia)

Director of Electricity trade department in Power utility of Ser-bia (EPS) Dragan Vlaisavljevic said that electricity consumption of industrial customers in Serbia in period January-May was reduced by some 400 GWh compared to the same period last year. The main reason for reduction was economic crisis.

On the other hand, thanks to reduced consumption but also the favorable hydrology (which led to 12 % increase in electric-ity production in hydropower plants) and good operation of thermal power plants, EPS managed to export some 300 GWh of electricity in period February-May.

Vlaisavljevic confirmed that EPS has also signed contracts for export of some 280 GWh of electricity in June. According to him, overall income from electricity export in period February-June should reach some 24 million euros.

§ § §

Company / organization: EPS, related Serbia

Expression of interest for construction of 2 Thermal Power Plants

Content: Expression of interest for construction 2x350 MW TPP Kolubara 2 and 3rd unit of TPP Nikola Tesla B. More de-tails are available in “advertisement page” and in this issue analysis.

Company / organization: EBRD, related Romania

Timisoara District Heating Project

Content: CET Colterm S.A. (“Colterm” or the “Company”), the district heating company owned by the City of Timi-soara, has applied for a loan from the European Bank for Reconstruction and Development (the “Bank”) for the modernisation of the municipal district heating system. The Company intends using the proceeds of the loan for the installation of new gas and steam turbines with hot water recovery boilers for cogen-eration of heat and electricity of 20 MW gross elec-tricity production with a 29 MW thermal output and for district heating and corporate management con-sultants. Colterm will be the implementing agency.The proposed project, which has a total estimated cost of EURO 22.5 million, will require the procure-ment of works and services for the following com-ponents:(a) Erection, Procurement and Construction (EPC) Contract;(b) procurement and implementation supervision (already contracted);(c) corporate development programme (already contracted)Contracts to be financed with the proceeds of a loan from the Bank will be subject to the Bank’s Procure-ment Policies and Rules and will be open to firms from any country. The proceeds of the Bank’s loan will not be used for the purpose of any payment to persons or entities, of 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 of official regulation of the Purchaser’s country.

Deadline: 24 Mar 2010 at 23:00, Timisoarad time

Contact: MR. Aurel MateiDeputy General ManagerTel: +40 256 434 614Fax: +40 256 431 616Email: [email protected]

Tenders:

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Company / organization: EPCG, related Montenegro

Tender for import of electricity in period June-December

Content: In the beginning of April, Power utility of Montenegro (EPCG) has published a tender for import of 987 GWh of electricity in period June-December this year. The deadline for submitting the bids is April 29, while the winners in the tender will be selected within a month. The main tender criterion is the least offered price.

EPCG plans to import 228.8 GWh of electricity during night (between 00:00-07:00 CET) and 758.3 GWh dur-ing day (07:00-24:00 CET).

In June, EPCG plans to import 41.1 GWh of electricity, in July 196.23 GWh, in August 229.555 GWh, in Sep-tember 192.9 GWh, in October 104.3 GWh, in Novem-ber 94.5 GWh, and finally, electricity import in Decem-ber should be 128.495 GWh.

EPCG divided requested amount in 14 lots, where bids could be submitted for all, for particular lots, or for part of the lot, where minimum bid should be 5 MWh/h.

EPCG estimated the worth of the procurement at some 54 million euros.

EPCG and winners in the tender will sign preliminary agreements, where final agreements will be signed with companies that win the contracts for the first four lots. Particular lots refers to deliveries in June, July, August and September, where required amount of electricity is 36 GWh, 81.84 GWh, 81.84 GWh and 79.2 GWh, respectively.

Company / organization: EPS, related Serbia

Purchase of OPGW cable

Content: JP “Elektroprivreda Srbije” (hereinafter refer to as JP EPS) for the purpose of realization of theproject “EPS Telecommunication System Establish-ment” publish the invitation for procurement ofOPGW cable with associated equipment.This Public Invitation for Tenders shall be published in the “Official Gazette of the Republic ofSerbia” and on the Portal of Public Procurement.JP EPS now invites Tenderers to submit sealed ten-ders for the following contract:Procurement of OPGW cable with associated equip-ment, Tender no. 06/09/PT.This contract will include:• Optical Ground Wire (OPGW) – app. 400.000 m;• Necessary installation accessories and fittings;• Underground non-metalic optical cable – app. 35.000 m;• All Dielectric Self Support Cable (ADSS) – app. 18.000 m;• Pigtails with E 2000 connectors – app. 1.000 pcs;• Optical joint boxes – app. 150 pcs;• Optical Distribution Frames (ODFs) – 16 pcs;• Inspection and Testing;• Operating and Maintenance manuals;• Training.

Contact: Mr. Predrag MitrovicTel: +381112628627Fax: +381112628992; Email: [email protected]

Company / organization: HEP, related Croatia

Procurement of equipment for reconstruction of hot water pipelines using preinsulated pipes

Content: The HEP d.d., Vukovarska 37a - ZAGREB, Republic of Croatia has applied for a loan from the IBRD - Interna-tional Bank for District heating project (in cities Zagreb and Osijek)The HEP-Toplinarstvo d.o.o. - Miševeèka 15a, ZAGREB now invites sealed bids from eligible and qualified Bid-ders for Procurement of equipment for reconstruction of hotwater pipelines using preinsulated pipes – year 3. The delivery period will be 6 – 8 weeks after the Con-tract signing. The equipment consists of two lots:

LOT I: PREINSULATED EQUIPMENT- Preinsulated steel pipe bends, main characteristics: 150 °C, 16 bar- Preinsulated fixed points, with the same main charac-teristics as pipe bends- One-piece heat-shrinkable joints- Other equipment needed for underground installa-tion of preinsulated pipes;

LOT II: VALVE FITTINGS- Zagreb - Ball valves, main characteristics: 130 °C, 25bar, stainless steel ball, weld type, full and reduced bore, manual actuation and handle.- Osijek - Ball valves, main characteristics: 150 °C, 16 bar, stainless steel ball, flange construction, full bore, manu-al actuation and handle.- Butterfly valves, main characteristics: 150 °C, 16 bar, actuation manual withreducerMore info on http://www.hep.hr/hep/oglasi/upload/3201.pdf

Deadline: 8.6.2009, 12:55hrs, local time

Contact: For Zagreb: Valentina Novak, tel. +385 1 6009-670, e-mail [email protected] Osijek: Lea Fadljević, tel. +385 31 244 688, e-mail [email protected]

Company / organization: EBRD, related Bulgaria

Supply of transformers

Content: CEZ Distribution Bulgaria AD hereinafter referred to as the Purchaser, intends using part of the proceeds of a grant from the Kozloduy International Decom-missioning Support Fund (KIDSF), administered by the European Bank for Reconstruction and Develop-ment (the Bank) towards the cost of Contribution in replacement of outdated power transformers with new ones with high efficiency and reduced losses in the Stolichno, Sofia and Pleven regions.The Purchaser now invites sealed tenders from sup-pliers for the contract for Procurement of Distribution (power) oil-transformers with input voltage 20 kV and output voltage 400V to be funded from the above mentioned grant.The delivery includes the following goods:Distribution (power) oil-transformers with input volt-age 20 kV and output voltage 400 V, specified as fol-lows:• Power oil-transformer TM 400 kVA 20/0.4 kV – 21 pcs.;• Power oil-transformer TM 630 kVA 20/0.4 kV – 43 pcs.;• Power oil-transformer TM 800 kVA 20/0.4 kV – 19 pcs.

Deadline: 9.6.2009, 11:00 hrs, local time

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Contact: CEZ Distribution Bulgaria ADProcurement and Logistics Department.2, Evropa bul.1309 Sofia, Bulgaria.Tel: +35929339625Fax: + 35928272171from 9:00 h to 16:00 h. every working day

Company / organization: EBRD, related Romania

Rehabilitation and Modernisation of Power Units 3 & 6

Content: S.C. Complexul Energetic Turceni S.A. has applied for a loan from the European Bank for Reconstruction and Development [the Bank] and intends to use the pro-ceeds to finance the Rehabilitation and Modernisation of Power Units 3 & 6 – Phase I-Rehabilitation and Mod-ernisation of Unit 6 at its coal fired thermal power plant located in Turceni, Gorj County, Romania and the con-sultancy services related to this project. The proposed project, which has a total estimated cost of EUR 234 million (excluding VAT), will aim at the achievement of the following objectives:- increasing time and energy availability;- extending the unit operation period with 15 years;- improving technical-economic parameters;- improving environment conditions by reducing the noxes emissions to comply with the laws in force;- achieving technical conditions imposed by the inter-connectivity to UCTE.and will require the procurement of the following goods, works and services for:a) Rehabilitation and modernisation of the 1,035 t/h boiler and auxiliary plants;b) Rehabilitation and modernisation of the 330 MW turbine and auxiliary plants;c) Modernisation of the control, protection and regu-lating system within the UCTE norms;d) Related consultancy services.The tendering procedure and the works to be financed with the proceeds of a loan from the Bank will be sub-ject to the Bank’s Procurement Policies and Rules and will be opened to firms from any country. The proceeds of the Bank’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 of official regulation of the Purchaser’s country

Deadline: 9 Apr 2010 at 00:00, Turceni time

Contact: Eugen TunaruS.C. Complexul Energetic Turceni S.A.Uzinei Street, 1, Turceni, Gorj County, RomaniaTel: +40253 335 247Fax: +40253 335 122