The current price of energy crisis has sent people looking for alternative sources of energy, with interest in solar panels also growing. Estonia will introduce an extra support measure for boosting the energy efficiency of buildings and solar panels in the coming months. Two solar panels measures are being drawn up – one for private…
Ukraine has secured the European Commission’s support for its efforts to synchronize its national power system with the European Union’s ENTSOE and is moving steadily toward completing the process in 2023. Minister of Energy of Ukraine, Herman Galushchenko, addressed the issue in Brussels, speaking with journalists following the talks with European partners. “Technical issues are…
JSC Latvenergo has signed two short-term loan provision contracts to secure current assets and maintain liquidity. The loan amounts reach EUR 90 million, as the company informed Nasdaq Riga. Latvenergo and OP Corporate Bank plc in Latvia have signed a short-term loan contract worth EUR 60 million and a loan contract with SEB Bank worth…
Ukraine’s energy system works consistently and provides the required amount of electricity to consumers. “As for the operation of the energy system, I would like to note that it works consistently and covers the amount of electricity required by consumers,” Energy Minister of Ukraine German Galushchenko said at a briefing. He outlined the energy system…
The German group, after entering the cheapest bid for Estonian transmission network operator Elering’s tender, will construct three synchronous condensers in Estonia until 2024. Work is already underway on the first device in Pussi. The Elering tender that took seven months to prepare and another five to see through went the way of Siemens Energy,…
Coal reserves during the ongoing heating season for the first time exceeded last year’s figures, Andriy Herus, Chairman of the Verkhovna Rada Committee on Energy and Utilities, reported. “On January 14, coal stocks in the warehouses of TPPs and CHPPs for the first time during this autumn-winter period exceeded coal stocks reported on the same…
Latvian Minister of Economy Janis Vitenbergs intends to once again ask coalition partners to approve reduced value added tax (VAT) rate for electricity, natural gas, heating energy and fuel lumber, as confirmed by the minister’s public relations advisor Ineta Vilistere-Lace. She said the proposal, which could be reviewed at a meeting of the coalition council…