China’s CNBM International Corporation is mulling the challenging of the decision of Ukraine’s Verkhovna Rada to cut the feed-in tariff for large solar power plants in an international arbitration court, CNBM International Corporation Board Chairman Jinsong Zhang reported. The company said that the payback period of CNBM’s solar power plants sharply increased over the decision…
Belarus is interested in processing Azerbaijani oil at its refineries, Gennady Ahramovich, Belarusian ambassador to Azerbaijan, said. He said that this year Azerbaijan very timely delivered 85,000 tons of oil, which made it possible not to interrupt the production cycle of the Mozyr refinery. “Belarus has two refineries – one in Mozyr city and one…
The Competition Authority of Estonia released a conclusion that the cost of electricity distribution services of electric grid operator Elektrilevi was not adjusted to their current costs and should be lowered by 6.7%. Because network charges make up 50-55% of the consumer price of electricity, the price of electricity for the average consumer should drop…
The Cabinet of Ministers has approved of a draft agreement with the European Commission on financing the annual program on nuclear safety 2015, according to the governmental online portal. The corresponding decision is stipulated in the government resolution No. 1001-r dated December 21. According to the press service of the government, the budget foreseen by…
Cabinet approves of the concession of the right to prospect oil and gas deposits in the south of Moldova to Frontera Resources International, the USA. The Cabinet took this decision at the request of the Ministry of Environment of Moldova taking into account that the company had won the international tender for geological prospecting of…
The commercial court in Odessa region has declared public joint-stock company Odessa combined heat and power plant (CHPP) bankrupt and launched a liquidation procedure for the period of 12 months. The company reported in the information disclosure system of the National Commission for Securities and the Stock Market on Tuesday that the court made the…
The National Commission for State Regulation of Energy, Housing and Utilities Services (NCER) will reduce the average tariff of Ukrenergo for 2017 by 4.1% compared with the current rate, to 6.054 kopecks per kWh from 6.316 kopecks/kWh (excluding VAT). According to the NCER decision, the Ukrenergo tariff in the first quarter of 2017 will amount…