The arbiter group of the World Trade Organization (WTO) has finished the first hearing on the merits of Russia’s case regarding the third energy package introduced by the E.U., Marat Berdyev, technical permanent representative of Russia to the WTO, said. “Of course, given standard WTO procedures, decision making will take some time and require additional…
Chairman of PKP Energetyka (Poland) Wojciech Ozhech and Board Chairman of PJSC Ukrzaliznytsia Wojciech Balczun have signed a cooperation agreement. According to a press release from the Polish company, both signatories declared cooperation in the most important segments of activities, intend to focus on joint business projects, as well as exchange of knowledge and experience…
The Investigative Committee for St. Petersburg has searched the office of power utility Lenenergo, a source in law enforcement authorities reported. According to preliminary information, the measures have been taken under a criminal case over perverting the course of justice and conduct of a preliminary investigation. Chairman of another power maker T Plus board of…
Russia welcomes the decision of Saudi Arabia to develop the use of civilian nuclear technologies that is part of the kingdom’s development strategy by 2030, Russian Energy Minister Alexander Novak said. Moscow is interested in participation in Saudi Arabian projects related to nuclear power sector, the minister said. “We support the Saudi Arabian initiative aimed…
Russian power producer T Plus, which saw a police search and a CEO detention on Tuesday over a corruption case, has appointed First Deputy CEO Andrei Vagner as acting CEO, the company said in a statement. Chairman of T Plus board of directors Yevgeny Olkhovik and CEO Boris Vainzikher were detained on Monday on suspicion…
E.ON Connecting Energies LLC (ECE) – a joint venture of Unipro PJSC and E.ON Connecting Energies GmbH – launched an 800 kW combined heat and power plant (CHP) at the METRO shopping centre in Nizhny Novgorod. The CHP will heat the store and meet a portion of its electricity needs. The ECE experts developed a…
Azerbaijan’s state oil company SOCAR was focused on diversification of its investments even when the oil prices were high, and this strategy would ensure stability of the company’s revenues, President of SOCAR Rovnag Abdullayev said. “As a result of the right investment strategy, the value of SOCAR’s total assets increased from 9 billion manats to…