Armenia: construction of third power transmission line with Iran to be completed in 2020

The construction works of the third Armenia-Iran power transmission line are expected to be completed in 2020, minister of territorial administration and infrastructures Suren Papikyan, who also serves as the chairman of the Armenia-Iran joint inter-governmental commission, said during a Q&A session in the Parliament. Touching upon the ongoing projects between Armenia and Iran, the…

Ukraine: Donbasenergo net profit up in Q1 2020

PrJSC Donbasenergo, an electricity generating company, in January-March saw UAH 58.03 million in net profit, up 26.4-fold YoY. According to a company report in the information disclosure system of the National Securities and Stock Market Commission, its net revenue over the period grew by 1.3%, to UAH 1.587 billion, while gross profit fell by 17.35,…

Georgia: Azerbaijan top electricity supplier in Q1 2020

Azerbaijan was the main electricity provider to the neighboring Georgia in the period of January-March. Thus, Azerbaijan supplied 402.8 million kWh to Georgia of the total 744.2 million kWh imported in the first quarter, Electricity System Commercial Operator (ESCO) of Georgia reported. Azerbaijan’s electricity exports decreased by 12.2% YoY. Russia was the second electricity supplier…

Ukraine: energy watchdog approves regulations for distribution of interstate intersection capacity

Ukraine’s National Energy and Utilities Regulatory Commission (NEURC) has approved rules for restriction management and regulations for the distribution of interstate intersection capacity. The rules that govern the distribution of interstate section capacity for exports and imports of electricity provide for the operation of an auction office, whose functions will be performed by the state-owned…

Estonia: electricity prices low

The ongoing effects of the coronavirus crisis have led to lower consumption of electricity and in turn, a glut in CO2 quota allowances. This has resulted in a fall in electricity prices, though the latter is largely caused by an increase in hydro-generated power, say energy sector spokespersons. The CO2 quota prices at the same…