According to Taavi Veskimagi, CEO of the Estonian state-owned transmission system operator (TSO) Elering, the current low price of electricity does not allow for investments. Veskimagi said that the current quarter’s price jump to more than EUR 40 per megawatt-hour was rather an anomaly, and electricity prices were forecast to return to EUR 40 or…
The creation of an East European Energy Hub will allow Ukraine, Poland and Lithuania to become energy independent from the Russian Federation, Chairman of the Verkhovna Rada of Ukraine Andriy Parubiy said at a joint press conference with the speakers of Lithuania and Poland in Vilnius. “We have discussed joint actions in energy security –…
The United States private sector companies and the United States government look forward to relationship with Ukraine through the development of an energy infrastructure, U.S. Secretary of Energy Rick Perry stated. “Our goal now is to relay to the Ukrainian leadership that there are both the United States private sector companies and the United States…
It is necessary to increase electricity tariffs in Kyrgyzstan, the Minister of Economy of Kyrgyzstan Oleg Pankratov said at a government meeting on November 6. According to him, the power industry is working at the limit of opportunities, and new industrial enterprises cannot be connected to the networks due to the overload of substations. “We…
On November 1 the price for natural gas for the population grew by 23.5%. The corresponding decision was earlier approved by the Cabinet of Ministers. Taking into account the delivery and VAT, the new gas price amounts to UAH 8.55 thousand per 1,000 cubic meters for the population, and UAH 8.36 thousand for district heating…
Azerbaijan enjoys a vast potential of renewable energy sources and strives to make use of it. In 2018 electricity produced from renewable sources will exceed 10% of the total energy generated in Azerbaijan, Deputy Chairman of The State Agency on Alternative and Renewable Energy Sources of the Republic of Azerbaijan Jamil Malikov declared. It is…
DTEK Renewables and GE Renewable Energy entered into an agreement on the construction of the second phase of the Prymorska Wind Electricity Plant (WEP) with a capacity of 100 MW. The plant will be equipped with 26 wind turbines of the GE 3.8 MW class, which will be delivered to Ukraine and installed at the…