Energy

Bulgaria to present variants to use Russian equipment at Belene nuclear power plant before July 2018

The Bulgarian Ministry of Energy should provide the Russian side with various options for the use of Russian equipment for the Belene nuclear power plant.

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In Q1, Azerbaijan increased export of electricity 8 times, import fell by 18%

In the first quarter of 2018, Azerbaijan exported 700 236.39 thousand kWh to the amount of $33 907.7 thousand, the Interfax-Azerbaijan was informed in the Government.

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Renova starts talks with Gazprom Energoholding on sale of T Plus

Renova, owned by V.

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Construction of the largest in Russia solar power plant began in the Astrakhan region

Hevel, a JV of Renova and Rosnano, has begun construction of the 2nd stage of the Niva solar power plant with a capacity of 60 MW in the Privolzhsky District of the Astrakhan Region.

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FGC UES reports growth of profits by 2.4 times from a low base

The net profit of the shareholders of FGC UES jumped 2.4x mainly due to non-recurring items in 2017 (reflecting a loss from the restoration of control over Nurenergo in Q1 2017).

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In Q1, net profit of En+ under IAS grew 2.5 times to $667 mln

In January-March 2018, the En+ Group's net profit according under IAS increased 2.5 times compared to the same period last year to $667 million, the company said.

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In Q1 En+ increased electricity production by 1.3% to 17.6 billion kWh

Power generation at En+ Group's plants increased by 1.3% in January-March 2018 compared to the same period of the previous year and amounted to 17.6 billion kWh, the company said.

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In Q1, MOEK’s net profit fell by 7% to 9.1 bln rubles

In January-March 2018, the net profit of the Moscow United Energy Company (MOEK) under IAS decreased by 7% to 9.118 billion rubles, the company reports.

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Uzbekistan to attract up to $1 billion of investments into renewable energy

The International Finance Corporation (IFC), a member of the World Bank Group, signed an agreement with the government of Uzbekistan to develop renewable energy and attract private investment in th

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Georgia reduces forecast of electricity import in 2018

The Ministry of Economy and Sustainable Development of Georgia, which since the beginning of this year also carries out functions and powers of the Ministry of Energy, has made adjustments to the c

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