energy news in southeast europe № 2010-iv/2 03.05 · 2 balkan energy news, e-journal issue no:...

Actual data » Power sector operational and market data for the period of

16.04.-30.04.2010. » ATC auctions for Balkan region » Forecasted weather conditions for the following period

§ § §

Analysis:

» Statistical data of energy sector in Southeast Europe for 2005, 2006, 2007, 2008 and 2009

» Table with average monthly Net Transfer Capacities (NTC) in Balkan region for last 12 months

§ § §

News headlines

Albania » 4 billion EUR HPP project » Albania signed mining concession agreement » Start of production in TPP Vlore delayed again » Gamesa to deliver generators to HPP Ashta

Bosnia and Herzegovina: » Zarubezneft interested in acquiring the stake in

Energopetrol » Slow development of concessions for construction of small

HPPs » EP HZHB speeds up preparations for construction of TPP

Kongora » EP BiH to build 25 HPPs on Bosnia River until 2025 » Serbia, RS and Italy signed joint statement for construction

of HPPs on Drina River » Eight companies purchased documentation in the tender

for unit 7 in TPP Tuzla » ERS: HEP stole 3.87 TWh of electricity from joint hydropow-

er system » 25 % increase in natural gas prices » Sources: Chinese Dongfang Electric Corporation to build

TPP Stanari

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Balkan Energy Solutions Team does not warranty the accuracy of the published data contained in this document, although Balkan Energy Solutions Team did great efforts to collect the data from the respectable and accurate sources.

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Main focus of Balkan Energy NEWS is energy related news from coun-tries of South East Europe. Countries involved are: Albania, Bulgaria, Bosnia and Herzegovina, Croatia, Greece, FYR Macedonia, Montene-gro, Romania, and Serbia. Besides all regional energy related news, we are giving you in each issue one market analysis and review of the tenders announced and held in this area. You will be also able to see review of relevant power exchanges.

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Issue No: 2007-III/1Balkan Energy NEWS, e-journal Issue No: 2010-IV/2 - issue covers period 16.4.2010-30.4.2010

Bulgaria: » Spanish Electra to build 100 MW wind farm » Russian Sintez to build 200 MW power plant » Unit 5 in NPP Kozloduy disconnected for regular

maintenance » EBRD granted 75 million euros for construction of small

HPPs on Iskar River » NEK to negotiate direct electricity trade contracts » Bulgargaz: negotiations on new natural gas supply con-

tracts with Gazprom stalled » IWC Bulgaria granted top investor status for construction

of 140 MW wind farm » Indian Suzlon to invest in wind power projects » Economy minister: new financing model for NPP Belene

after selection of strategic partner » Regulator to complete audit in energy sector in two-three

months

Croatia: » Regulator issued partial approval for rise in electricity

tariffs, dispute with the government over heating tariffs » INA launched 200 million euros lawsuit against Serbia » MOL denies claims on high natural gas prices » Koncar successfully completed tests on its wind generator » HEP: HPP Lesce to be put in service in June » Janaf posted 19.3 % rise in profit in Q1 » Koncar to reconstruct substations in Albania » INA expands network of Euro V petrol stations » E-Two-Energy to build biomass power plant

Greece » PPC published a tender for new lignite unit » Two new TPPs in trial operation

Macedonia » Slovenian company to build solar collectors in Macedonia » Government canceled subventions for solar collectors » Macedonian government adopted energy development

strategy till 2030 » Government decided to help citizens with electricity bills

subventions

Montenegro: » EPCG: record electricity production in Q1 » Government: A2A meets contractual obligations regard-

ing privatization of EPCG » KfW Bank to provide loans for energy efficiency projects » Five bids for construction of HPPs on Moraca River

Romania: » Iberdrola develops wind power projects with over 1,500

MW output » Economy minister: Romania to join South stream project » Unit 1 in NPP Cernavoda to undergo one month mainte-

nance in May-June » NPP Cernavoda produced 2.91 TWh of electricity in Q1 » Competition council started probe on establishment of

integrated energy companies » Government considers selling minority stakes in energy

companies » Romgaz to get involved in electricity production » State to reduce its stake in future units 3 and 4 in NPP

Cernavoda » Hidroelectrica posted 163 million euros of turnover in Q1 » Rompetrol to build 150 MW power plant at Petromidia » Government to restart negotiations over PEOP » Government announced public private partnership for new

projects in energy sector » Electrica to build 50 MW wind farm near Constanta in 2011 » Petrom delays share capital increase » CEZ to put in service wind farm Fantanele in September

Serbia: » NIS and NefteGazInkor signed Memorandum of

understanding » Competition commission warned Srbijagas on monopoly » EPS posted 90 million euros loss in 2009 » EPS produced 10.1 TWh of electricity in Q1 » Electricity distributor in capital to cut supply to debtors » EPS and Seci Energia to build ten HPPs on Ibar River » Serbia considers joining Belene project » Srbijagas completed construction of important natural gas

pipeline » Energy minister: 9 billion euros to be invested in energy

sector » NIS to terminate production of leaded gasoline » Srbijagas: customers owe 220 million euros for natural gas

bills » Tenders for construction of new thermal power plants

delayed » NIS and private fuel retailers to reach cooperation

agreement

§ § §

Tenders: (Electricity, Nuclear, Oil and gas, Wind)

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Power exchanges data:

Bosnia and Herzegovina: Electricity production in last 15 days (MWh)

Bosnia and Herzegovina: Electricity consumption in last 15 days (MWh)

Bosnia and Herzegovina: Electricity expots in last 15 days (MWh)

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 2416.4.2010 1484 1361 1359 1356 1341 1364 1482 1671 1883 1823 1774 1731 1760 1744 1755 1736 1756 1749 1763 1844 1942 1857 1702 153317.4.2010 1460 1353 1323 1322 1318 1348 1427 1632 1909 1978 1974 1931 1771 1763 1795 1794 1749 1860 1883 1972 2049 2028 1846 169318.4.2010 1454 1356 1322 1286 1299 1325 1353 1481 1643 1742 1764 1749 1735 1696 1648 1642 1644 1663 1738 1863 1931 1860 1700 151319.4.2010 1410 1324 1305 1314 1309 1361 1574 1735 1867 1903 1907 1905 1908 1896 1936 1928 1899 1885 1870 2010 2128 2046 1809 166220.4.2010 1563 1494 1433 1438 1465 1493 1688 1965 2068 2112 2086 2055 2022 2010 2039 2028 2015 1978 1974 2049 2200 2181 1919 175621.4.2010 1705 1653 1598 1596 1598 1637 1820 2027 2112 2143 2107 2066 2075 2063 2076 2054 2034 2021 2015 2099 2231 2205 2003 183622.4.2010 1620 1556 1555 1528 1517 1559 1655 1888 2034 2036 2046 2026 2004 1990 2030 2008 1991 1974 1953 2049 2155 2118 1940 175223.4.2010 1655 1601 1553 1549 1530 1597 1689 1896 2082 2045 2089 2050 2033 2047 2072 2060 2034 2016 2025 2113 2204 2176 2014 185224.4.2010 1611 1511 1480 1465 1457 1499 1572 1767 1906 1972 1998 1987 1962 1947 1986 1944 1933 1911 1941 2012 2065 1995 1848 169725.4.2010 1525 1419 1390 1390 1386 1402 1426 1551 1719 1826 1846 1891 1876 1851 1818 1791 1785 1780 1805 1923 2040 1982 1836 163926.4.2010 1539 1461 1433 1433 1433 1495 1644 1843 1968 1998 1986 1958 1940 1944 1922 1927 1919 1896 1885 1981 2127 2084 1892 171327.4.2010 1549 1434 1382 1374 1378 1432 1604 1795 1959 2019 1998 1965 1955 1960 1974 1960 1968 1939 1919 2009 2036 2008 1842 167728.4.2010 1508 1398 1386 1385 1380 1412 1577 1799 1983 2022 1995 1971 1957 1957 1969 1952 1969 1924 1908 1953 2076 2049 1874 167829.4.2010 1498 1416 1386 1395 1369 1432 1620 1850 1987 1976 2013 1988 1971 1970 2009 1994 1983 1958 1928 1984 2131 2126 1933 175830.4.2010 1515 1444 1409 1382 1393 1446 1572 1795 1923 1921 1914 1847 1814 1798 1855 1856 1817 1793 1877 1915 2139 2077 1939 1758Average: 1540 1452 1421 1414 1412 1453 1580 1780 1936 1968 1966 1941 1919 1909 1926 1912 1900 1890 1899 1985 2097 2053 1873 1701

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 2416.4.2010 1134 1025 980 962 972 1031 1174 1396 1487 1498 1467 1455 1429 1401 1436 1426 1406 1383 1394 1497 1642 1546 1399 125017.4.2010 1129 1020 979 968 968 1002 1070 1263 1384 1461 1438 1418 1397 1388 1420 1416 1380 1334 1344 1467 1616 1532 1375 123018.4.2010 1104 1008 967 940 933 962 984 1124 1269 1363 1377 1348 1318 1301 1260 1240 1249 1277 1347 1501 1591 1515 1344 114019.4.2010 1046 964 923 903 901 992 1156 1351 1472 1497 1480 1483 1467 1455 1486 1463 1442 1418 1410 1499 1611 1542 1333 122920.4.2010 1087 1007 956 939 954 1013 1135 1351 1452 1456 1437 1415 1399 1384 1424 1407 1387 1340 1330 1430 1640 1580 1384 123521.4.2010 1091 991 959 949 953 1017 1151 1358 1445 1466 1427 1392 1411 1391 1408 1404 1375 1341 1333 1428 1627 1555 1365 121422.4.2010 1075 1001 962 940 948 1005 1125 1333 1442 1450 1457 1448 1432 1425 1449 1432 1419 1372 1374 1476 1641 1559 1393 122323.4.2010 1100 1022 973 952 955 1020 1156 1356 1448 1353 1422 1424 1397 1398 1430 1430 1397 1378 1388 1514 1619 1522 1364 122224.4.2010 1105 1019 974 943 951 1001 1053 1245 1372 1437 1452 1448 1430 1418 1452 1427 1407 1392 1415 1508 1602 1498 1358 121525.4.2010 1096 997 961 940 929 946 972 1117 1257 1367 1406 1406 1395 1355 1337 1317 1311 1291 1293 1406 1574 1532 1383 120426.4.2010 1039 959 914 906 911 966 1111 1317 1429 1462 1431 1401 1372 1382 1399 1392 1356 1321 1324 1411 1596 1549 1359 119327.4.2010 1068 966 930 908 919 977 1109 1292 1382 1404 1390 1365 1352 1354 1386 1373 1357 1323 1314 1424 1568 1506 1334 117128.4.2010 1032 955 913 890 897 957 1095 1295 1401 1416 1390 1382 1360 1356 1381 1375 1361 1317 1306 1359 1576 1528 1362 119329.4.2010 1058 961 904 896 892 953 1088 1292 1384 1291 1383 1359 1347 1350 1398 1381 1351 1305 1281 1350 1578 1553 1371 121530.4.2010 1057 960 919 899 918 965 1098 1311 1395 1408 1386 1376 1374 1363 1402 1389 1349 1312 1296 1330 1605 1521 1364 1220Average: 1081 990 948 929 933 987 1098 1293 1401 1422 1423 1408 1392 1381 1405 1391 1370 1340 1343 1440 1606 1536 1366 1210

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 2416.4.2010 350 336 379 394 369 333 308 275 396 325 307 276 331 343 319 310 350 366 369 347 300 311 303 28317.4.2010 331 333 344 354 350 346 357 369 525 517 536 513 374 375 375 378 369 526 539 505 433 496 471 46318.4.2010 350 348 355 346 366 363 369 357 374 379 387 401 417 395 388 402 395 386 391 362 340 345 356 37319.4.2010 364 360 382 411 408 369 418 384 395 406 427 422 441 441 450 465 457 467 460 511 517 504 476 43320.4.2010 476 487 477 499 511 480 553 614 616 656 649 640 623 626 615 621 628 638 644 619 560 601 535 52121.4.2010 614 662 639 647 645 620 669 669 667 677 680 674 664 672 668 650 659 680 682 671 604 650 638 62222.4.2010 545 555 593 588 569 554 530 555 592 586 589 578 572 565 581 576 572 602 579 573 514 559 547 52923.4.2010 555 579 580 597 575 577 533 540 634 692 667 626 636 649 642 630 637 638 637 599 585 654 650 63024.4.2010 506 492 506 522 506 498 519 522 534 535 546 539 532 529 534 517 526 519 526 504 463 497 490 48225.4.2010 429 422 429 450 457 456 454 434 462 459 440 485 481 496 481 474 474 489 512 517 466 450 453 43526.4.2010 500 502 519 527 522 529 533 526 539 536 555 557 568 562 523 535 563 575 561 570 531 535 533 52027.4.2010 481 468 452 466 459 455 495 503 577 615 608 600 603 606 588 587 611 616 605 585 468 502 508 50628.4.2010 476 443 473 495 483 455 482 504 582 606 605 589 597 601 588 577 608 607 602 594 500 521 512 48529.4.2010 440 455 482 499 477 479 532 558 603 685 630 629 624 620 611 613 632 653 647 634 553 573 562 54330.4.2010 458 484 490 483 475 481 474 484 528 513 528 471 440 435 453 467 468 481 581 585 534 556 575 538Average: 458 462 473 485 478 466 482 486 535 546 544 533 527 528 521 520 530 550 556 545 491 517 507 491

Bosnia and Herzegovina: Average hourly export in last 15 days

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Bosnia and Herzegovina: Average consumption and production in last 15 days

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6


Romania: Electricity consumption in last 15 days (MWh)

Romania: Electricity net export in last 15 days (MWh)

Montenegro: Electricity export in last 15 days (MWh)

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 2416.4.2010 5594 5397 5273 5236 5250 5447 5773 6257 6621 6788 6809 6721 6642 6645 6570 6408 6235 6166 6185 6425 6966 7055 6541 596217.4.2010 5636 5418 5292 5144 5144 5193 5169 5324 5534 5717 5726 5730 5682 5566 5487 5441 5442 5442 5484 5726 6297 6465 6018 558718.4.2010 5294 5082 4953 4854 4853 4873 4708 4707 4876 4980 4970 4984 4954 4905 4855 4786 4786 4855 4954 5187 5821 6069 5675 519219.4.2010 4796 4615 4505 4475 4536 4771 5251 5857 6247 6436 6494 6483 6483 6486 6343 6221 6123 6074 6104 6298 6845 6870 6375 578520.4.2010 5488 5283 5164 5167 5164 5331 5651 6185 6579 6770 6791 6758 6726 6747 6684 6565 6459 6445 6465 6647 7177 7151 6556 595721.4.2010 5651 5423 5296 5247 5296 5432 5648 6206 6615 6773 6770 6660 6610 6623 6492 6318 6274 6246 6272 6445 7045 7080 6506 591922.4.2010 5621 5361 5252 5203 5242 5341 5499 6075 6430 6611 6608 6488 6394 6423 6300 6139 6060 6040 6060 6255 6881 6981 6492 588523.4.2010 5633 5364 5236 5187 5217 5311 5455 5994 6408 6517 6501 6437 6395 6367 6190 6056 5947 5946 5956 6093 6697 6864 6471 586024.4.2010 5482 5280 5125 5100 5080 5148 5179 5383 5644 5835 5905 5909 5871 5775 5647 5552 5552 5534 5550 5741 6323 6571 6177 563625.4.2010 5252 4992 4867 4769 4770 4818 4623 4720 4918 5048 5067 5067 5018 4968 4869 4819 4819 4868 4948 5163 5823 6188 5822 530526.4.2010 4962 4699 4600 4551 4595 4771 5076 5751 6211 6402 6400 6333 6306 6328 6229 6091 5936 5918 5868 6039 6657 6955 6446 580727.4.2010 5425 5207 5085 5055 5051 5199 5326 6008 6418 6533 6532 6455 6459 6459 6346 6202 6055 6058 6011 6102 6786 7033 6488 584328.4.2010 5410 5214 5085 5036 5035 5154 5346 5892 6346 6492 6495 6448 6450 6451 6356 6215 6050 5973 5973 6119 6717 7066 6498 582229.4.2010 5482 5220 5083 4993 5043 5153 5328 5897 6300 6445 6475 6391 6383 6404 6308 6136 6043 5965 5944 6022 6596 7008 6452 579130.4.2010Average: 5409 5183 5058 5001 5020 5139 5288 5733 6082 6239 6253 6205 6170 6153 6048 5925 5841 5824 5841 6019 6617 6811 6323 5739

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 2416.4.2010 -57 -57 -31 -41 -41 -18 78 104 120 98 97 91 94 94 87 52 91 36 33 -97 29 39 -17 -4517.4.2010 -9 -8 -20 -41 -42 -83 20 22 24 26 26 34 37 39 38 37 35 29 37 -19 27 33 -18 -318.4.2010 -4 -3 -39 -78 -77 -101 7 59 85 86 86 83 85 89 90 90 88 85 94 70 50 50 -7 -519.4.2010 -13 -12 -31 -43 -45 -50 78 86 111 104 103 99 102 82 82 83 82 79 89 69 80 85 89 2920.4.2010 13 14 3 -3 -6 -5 76 120 143 144 145 140 143 144 124 124 122 135 142 100 105 88 36 -1921.4.2010 -307 -307 -277 -276 -276 -265 -213 -188 -127 -115 -112 -117 -145 -145 -143 -133 -139 -161 -161 -170 -185 -177 -280 -27822.4.2010 -85 -85 -66 -78 -79 -31 118 123 131 130 132 102 105 105 106 106 106 108 130 101 102 74 -10 -5923.4.2010 71 70 80 87 88 120 120 129 179 130 131 101 102 98 99 100 102 100 143 114 111 83 60 -824.4.2010 -20 -18 -39 -44 -55 -19 51 54 51 52 52 52 54 56 56 55 54 52 54 51 59 62 5 1225.4.2010 5 7 -4 -18 -18 11 86 116 97 112 117 116 116 111 107 119 119 81 94 82 88 87 2 626.4.2010 -9 -32 -47 1 -2 8 100 104 105 96 97 97 98 98 100 102 102 100 116 104 94 96 -8 -1727.4.2010 -79 -77 -36 -49 -42 -17 88 91 101 101 78 99 100 72 82 84 84 75 103 92 55 66 -56 -6428.4.2010 -97 -98 -47 -59 -61 -23 42 99 118 79 79 79 80 80 81 83 83 82 91 68 67 75 -52 -4929.4.2010 -17 -16 3 -9 -10 14 100 109 95 96 66 74 70 71 73 74 73 101 96 86 102 78 -21 -1130.4.2010Average: -20 -21 -16 -23 -24 -9 76 93 109 103 100 96 95 92 91 91 92 86 95 67 75 71 1 -15

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 2416.4.2010 31 67 91 102 106 99 57 68 248 221 190 190 146 153 66 73 71 50 52 243 260 266 149 2917.4.2010 27 67 85 103 110 105 84 32 21 106 125 95 77 57 17 12 -2 23 35 213 214 251 238 24818.4.2010 15 53 71 90 93 91 75 28 4 55 70 88 134 -4 14 23 29 23 12 14 236 221 31 719.4.2010 44 81 88 115 106 113 60 81 284 267 217 221 321 230 58 17 12 53 143 223 256 302 165 720.4.2010 27 71 81 94 97 100 54 -7 2 146 149 112 32 23 30 22 32 6 30 -10 52 -10 -18 321.4.2010 -55 36 45 53 59 55 20 -3 -14 -14 -4 71 7 8 8 15 12 11 -5 85 119 38 59 1422.4.2010 36 62 84 89 101 88 56 51 258 290 251 259 281 340 224 181 187 151 219 336 297 277 263 11523.4.2010 29 62 92 92 98 89 53 102 340 252 256 287 204 85 19 28 64 75 11 145 239 191 55 2724.4.2010 -12 1 18 29 33 36 39 -2 -32 -38 -31 -43 -29 -29 -27 -23 -25 -27 -34 88 176 106 -5 -5425.4.201026.4.201027.4.2010 -77 -99 -106 -85 -82 -87 -105 -37 25 19 45 94 89 51 -40 -51 -50 -47 -49 77 281 279 144 6628.4.2010 -77 -64 -22 -11 -14 -10 -18 63 193 161 184 97 55 21 -58 -43 22 34 28 217 274 273 73 -8429.4.2010 -83 -83 -40 -33 -25 -33 -68 -22 63 38 -8 -8 -33 -87 -104 -94 -85 -88 -85 137 243 239 116 -8230.4.2010 -80 -72 -73 -56 -49 -53 -79 -75 -20 3 -1 5 -13 -4 15 10 -47 -53 -65 -18 200 149 -5 -82Average: -13 14 32 45 49 46 18 21 106 116 111 113 98 65 17 13 17 16 22 135 219 199 97 16

Romania: Average hourly net export in last 15 days

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Romania: Average consumption in last 15 days

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7


Greece: Electricity consumption in last 15 days (MWh)

Greece: System Marginal Prices in last 15 days

Montenegro: Electricity exports in last 15 days per border (MWh)16.4.2010 17.4.2010 18.4.2010 19.4.2010 20.4.2010 21.4.2010 22.4.2010 23.4.2010 24.4.2010 25.4.2010 26.4.2010 27.4.2010 28.4.2010 29.4.2010 30.4.2010

Montenegro - Albania -2610 -1657 -2051 -2180 -2055 -2295 -1994 -1843 -1347 -1484 -1520 -1571 -963Montenegro - BiH 2537 -366 -599 1591 311 -847 2071 993 -2510 -199 324 541 70Montenegro - Serbia 3101 4366 4123 4053 2862 3762 4419 3745 3972 1938 2490 805 430Total 3028 2343 1473 3464 1118 620 4496 2895 115 255 1294 -225 -463

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 2416.4.2010 4860 4510 4370 4230 4150 4260 4660 5340 5900 6360 6420 6500 6530 6420 6040 5750 5640 5600 5760 6200 6900 6840 6100 547017.4.2010 4980 4580 4420 4240 4150 4140 4190 4450 5100 5680 6050 6250 6380 6290 5870 5500 5380 5240 5330 5800 6650 6570 5940 548018.4.2010 4870 4450 4260 4070 3970 3950 3900 3930 4330 4820 5340 5720 5850 5600 5060 4760 4720 4630 4920 5270 6090 6200 5700 526019.4.2010 4720 4250 4130 4010 3970 4100 4500 5230 5850 6300 6380 6420 6500 6480 6200 5900 5720 5630 5680 6000 6800 6780 6000 543020.4.2010 4830 4410 4310 4200 4120 4220 4610 5250 5840 6310 6420 6500 6540 6510 6130 5840 5700 5650 5840 6250 6980 6830 6110 544021.4.2010 4770 4440 4290 4150 4080 4180 4550 5300 5840 6300 6420 6500 6500 6480 6160 5840 5670 5620 5650 6000 6780 6700 6000 535022.4.2010 4770 4420 4270 4130 4100 4210 4540 5190 5710 6150 6280 6360 6360 6320 6000 5650 5520 5500 5630 6000 6760 6680 5960 534023.4.2010 4790 4440 4250 4130 4100 4200 4550 5220 5730 6210 6300 6360 6370 6320 6040 5680 5560 5500 5580 5800 6730 6690 6000 538024.4.2010 4950 4550 4370 4210 4130 4160 4190 4440 5040 5640 6050 6210 6370 6350 5990 5620 5520 5450 5520 5820 6550 6560 6000 546025.4.2010 4860 4450 4190 4040 3950 3940 3910 3960 4400 4850 5320 5680 5810 5600 5070 4750 4670 4680 4910 5280 5960 6160 5690 527026.4.2010 4670 4250 4120 4010 3950 4060 4470 5200 5770 6250 6410 6490 6530 6510 6190 5800 5660 5610 5630 5950 6700 6650 5950 528027.4.2010 4750 4450 4290 4170 4100 4190 4550 5220 5770 6260 6420 6500 6520 6430 6110 5750 5620 5600 5720 6030 6720 6650 5950 532028.4.2010 4750 4430 4260 4130 4110 4200 4530 5230 5760 6240 6390 6450 6470 6400 6110 5730 5610 5590 5630 5910 6720 6650 5950 533029.4.2010 4750 4410 4220 4140 4130 4210 4550 5300 5800 6260 6420 6490 6560 6520 6140 5780 5630 5670 5780 6000 6760 6800 6090 541030.4.2010 4830 4500 4310 4170 4140 4210 4550 5280 5780 6270 6390 6430 6480 6410 6110 5750 5630 5670 5770 6000 6700 6820 6110 5420Average: 4810 4436 4271 4135 4077 4149 4417 4969 5508 5993 6201 6324 6385 6309 5948 5607 5483 5443 5557 5887 6653 6639 5970 5376

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 2416.4.2010 33.01 38.18 33.30 32.09 31.77 32.75 38.24 60.02 62.43 97.00 97.01 97.01 97.00 63.19 55.82 78.90 62.34 61.79 62.17 63.51 79.05 97.00 88.22 78.4717.4.2010 60.15 31.26 30.91 30.33 29.20 29.20 29.21 30.85 55.74 88.22 97.00 97.00 88.22 88.22 78.90 78.47 60.00 55.76 55.78 78.47 97.00 97.00 78.49 60.5718.4.2010 60.18 31.83 31.35 30.72 30.57 30.56 30.14 30.30 31.18 32.89 59.81 62.16 61.98 61.79 35.20 31.83 31.83 31.82 33.02 60.05 88.22 63.30 62.16 59.8519.4.2010 32.01 30.59 29.19 28.89 28.42 29.19 30.80 34.48 88.22 97.00 97.00 97.00 97.00 97.00 88.22 78.90 62.15 35.19 55.79 78.53 78.63 78.60 78.53 55.7920.4.2010 31.92 30.91 30.75 29.21 28.91 28.92 30.83 31.96 62.40 91.74 91.78 79.03 79.02 79.03 63.39 55.79 45.00 38.27 62.40 91.72 79.08 79.03 78.97 33.5721.4.2010 31.82 30.78 30.25 28.92 28.44 29.20 30.82 31.96 78.90 97.00 97.00 97.00 79.03 78.61 78.56 62.40 62.15 55.79 62.36 97.00 97.00 78.99 78.51 55.7822.4.2010 31.91 31.05 30.60 29.20 28.91 29.21 31.20 33.04 78.90 63.47 79.02 97.00 79.05 63.36 62.63 62.14 34.46 34.46 33.44 55.81 79.01 97.00 62.46 55.7823.4.2010 31.84 30.92 30.33 28.91 28.90 29.21 30.94 32.27 97.00 79.00 79.03 79.05 79.05 79.03 78.95 62.36 61.45 55.79 55.79 62.39 63.44 78.56 78.51 55.7924.4.2010 31.93 31.10 30.76 29.21 28.90 28.92 28.92 30.78 32.26 62.34 63.05 63.52 63.60 63.38 62.59 61.97 55.79 55.79 55.79 61.98 79.02 63.29 62.63 35.3025.4.2010 32.90 32.91 31.68 31.09 30.70 30.70 30.56 30.57 31.20 34.47 60.23 62.36 62.40 61.79 34.50 31.83 31.81 31.73 31.93 59.84 62.25 63.06 61.94 35.3126.4.2010 31.81 30.74 29.20 0.00 0.00 28.44 30.39 31.88 62.37 63.54 63.63 63.56 63.53 63.33 63.08 61.97 33.01 32.04 34.44 62.21 63.22 55.85 55.80 33.0427.4.2010 55.74 31.72 31.02 30.32 29.19 30.69 31.70 55.75 62.39 63.33 97.00 97.00 63.54 63.40 63.09 62.17 55.79 55.79 62.16 62.54 63.44 63.22 62.21 33.4728.4.2010 31.80 30.85 30.34 28.45 28.44 28.92 30.84 32.93 35.19 55.87 55.90 55.89 34.48 34.47 34.45 32.91 32.90 33.44 33.55 34.50 55.86 55.85 34.50 34.4829.4.2010 31.83 31.05 30.60 29.20 28.91 29.21 30.84 32.27 55.79 35.19 35.21 38.31 35.21 55.88 38.27 33.03 32.90 34.44 55.79 55.81 63.23 63.24 55.83 55.7930.4.2010 31.92 31.08 30.61 28.45 28.45 28.92 30.82 31.96 33.03 63.12 63.40 63.18 63.14 35.21 33.44 33.03 33.01 35.18 35.19 35.19 63.43 63.46 62.87 38.31Average: 37.38 31.66 30.73 27.67 27.31 29.60 31.08 35.40 57.80 68.28 75.74 76.60 69.75 65.85 58.07 55.18 46.31 43.15 48.64 63.97 74.13 73.16 66.78 48.09

Montenegro: Average Hourly exports in last 15 days

-50

0

50

100

150

200

250

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

Hour

MW

h

Greece: Electricity prices, HTSO

0.00

20.00

40.00

60.00

80.00

100.00

120.00

16.4

.201

0

17.4

.201

0

18.4

.201

0

19.4

.201

0

20.4

.201

0

21.4

.201

0

22.4

.201

0

23.4

.201

0

24.4

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0

25.4

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0

26.4

.201

0

27.4

.201

0

28.4

.201

0

29.4

.201

0

30.4

.201

0

EUR

/MW

h

minimal price average price maximal price

Greece: Average hourly consumption in last 15 days

1000

2000

3000

4000

5000

6000

7000

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

Hour

MW

h

8


Opcom, Romania: Prices in last 15 days (EUR/MWh)

Day Energy (06-22h)Base energy (00-24h) Night energy (22-06h)

Opcom, Romania: Prices and quantities in last 15 days (EUR/MWh)

Opcom, Romania: Traded energy in last 15 days (MWh)

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 2416.4.2010 1111 1010 969 948 958 1042 1007 937 1168 1150 1206 1149 1151 1137 1055 980 955 936 923 983 1120 1037 1087 104417.4.2010 950 1033 1002 976 964 1003 858 747 770 805 832 793 807 766 772 749 724 731 759 784 736 744 834 87318.4.2010 940 867 853 789 743 762 566 519 637 732 755 736 754 759 745 734 741 748 777 862 799 761 828 85519.4.2010 855 812 797 747 747 844 881 953 1011 1099 1208 1142 1161 1113 1023 963 907 896 888 991 1168 1196 1152 121020.4.2010 1106 1087 1070 1060 1077 1124 1070 1067 1161 1224 1226 1176 1213 1183 1109 1011 989 926 905 953 1062 1135 1079 110921.4.2010 1048 927 840 837 865 927 972 914 1033 1086 1096 1100 1107 1071 984 906 840 808 821 905 946 1041 974 92522.4.2010 814 923 886 877 883 932 881 896 969 1085 1138 1149 1105 1074 1028 930 878 894 909 959 1126 1093 1005 97323.4.2010 1000 1130 1087 1040 1063 1145 1177 935 996 1110 1060 1012 951 941 908 800 721 699 705 783 1022 1013 997 101024.4.2010 1031 1032 991 943 924 964 895 764 828 850 880 823 793 790 769 735 728 714 732 818 911 906 902 92125.4.2010 899 857 865 815 801 842 699 616 666 682 691 683 659 685 645 610 622 583 614 623 733 775 798 79426.4.2010 745 721 725 660 731 816 934 903 1097 1167 1172 1151 1135 1139 1084 1022 954 924 924 971 1138 1121 1095 111227.4.2010 745 721 725 660 731 816 934 903 1097 1167 1172 1151 1135 1139 1084 1022 954 924 924 971 1138 1121 1095 111228.4.2010 1001 929 892 892 873 956 1019 913 1091 1125 1099 1064 1062 1059 1011 910 849 805 761 811 1049 1120 1101 94429.4.2010 955 946 935 925 919 983 1055 1014 1094 1119 1132 1060 1054 1081 1038 959 856 813 805 814 1078 1125 1097 100330.4.2010 1031 1025 951 941 933 1016 1114 1102 1227 1198 1106 1138 1152 1145 1120 999 922 916 907 895 1143 1058 1118 1179Average: 949 935 906 874 881 945 937 879 990 1040 1051 1022 1016 1006 958 889 843 821 824 875 1011 1016 1011 1004

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 2416.4.2010 40.87 28.78 24.17 24.17 24.17 33.61 31.19 41.11 47.15 52.96 52.96 44.73 43.53 43.53 43.51 42.07 40.14 36.26 40.87 43.51 50.91 60.45 48.12 33.8517.4.2010 55.32 47.83 40.82 33.58 33.58 36.23 28.75 28.99 41.07 43.48 43.48 41.07 41.07 38.41 36.23 36.23 35.99 35.99 40.82 43.48 71.82 71.50 55.80 33.8218.4.2010 28.96 24.14 16.90 14.48 12.07 14.24 9.65 9.65 19.31 28.96 28.96 28.72 28.96 26.55 23.90 21.72 21.72 23.65 28.72 36.21 62.76 58.17 47.36 31.3819.4.2010 35.97 24.14 16.90 12.07 16.90 24.14 28.72 36.21 41.03 43.21 44.65 41.03 41.03 41.03 36.21 28.97 24.14 23.90 23.90 33.79 43.44 44.65 44.65 40.0720.4.2010 52.86 40.07 31.38 28.96 28.96 40.79 35.97 36.21 43.44 43.45 43.45 43.44 43.44 43.44 40.79 36.19 36.19 24.14 24.14 36.19 41.03 42.24 41.03 36.2121.4.2010 60.10 28.85 24.04 24.04 24.04 33.42 36.06 36.06 42.07 45.68 45.92 45.68 45.68 43.27 42.07 36.06 36.05 19.23 19.23 24.04 36.06 36.06 36.06 26.2022.4.2010 12.05 12.05 12.05 12.05 12.05 14.46 17.84 33.51 40.02 43.38 44.60 44.60 43.38 43.38 40.98 36.16 36.15 28.20 28.93 36.16 44.60 43.38 42.18 31.3423.4.2010 29.02 24.19 23.70 21.04 23.70 29.02 31.20 36.28 43.29 49.10 44.26 43.52 41.12 40.87 40.15 24.19 22.49 21.04 21.04 24.19 43.53 44.26 44.26 39.9124.4.2010 52.88 47.81 43.23 38.40 36.22 38.64 41.05 28.98 41.05 43.45 46.36 45.88 43.45 41.05 41.05 38.64 38.64 36.21 40.09 41.05 63.02 60.37 48.30 47.8125.4.2010 43.84 40.21 33.67 24.22 24.22 24.22 21.80 21.80 24.22 29.07 32.70 29.07 29.07 29.07 24.22 23.74 23.98 22.28 23.98 36.09 46.26 57.89 50.99 43.6026.4.2010 36.33 17.92 15.26 12.11 14.29 23.74 41.18 49.89 46.02 43.60 43.60 43.60 43.60 43.59 43.59 43.59 43.59 43.59 43.59 43.59 53.31 54.25 46.99 40.2127.4.2010 40.93 26.64 23.98 23.98 19.38 23.74 29.06 42.39 46.26 49.65 50.99 47.23 49.65 49.65 46.02 43.60 43.60 43.59 43.59 43.60 47.96 48.93 53.05 40.9328.4.2010 29.13 17.97 14.57 14.57 14.57 29.13 35.93 36.42 43.70 46.13 46.37 46.37 44.92 43.70 43.70 41.03 36.42 36.41 36.41 36.42 46.13 47.83 46.62 29.1429.4.2010 31.52 29.09 24.24 21.82 24.24 33.70 40.25 40.97 43.64 46.79 46.79 45.82 43.64 43.64 43.64 42.43 36.37 36.36 36.36 36.37 46.55 48.00 47.03 36.3730.4.2010 41.76 36.21 28.96 28.96 28.96 38.38 42.24 44.17 47.79 49.48 53.13 49.48 48.36 48.51 46.10 44.17 43.43 43.43 36.21 40.79 46.58 58.41 47.31 45.86Average: 39.44 29.73 24.92 22.30 22.49 29.16 31.39 34.84 40.67 43.89 44.55 42.68 42.06 41.31 39.48 35.92 34.59 31.62 32.53 37.03 49.60 51.76 46.65 37.11

16.4.2010 17.4.2010 18.4.2010 19.4.2010 20.4.2010 21.4.2010 22.4.2010 23.4.2010 24.4.2010 25.4.2010 26.4.2010 27.4.2010 28.4.2010 29.4.2010 30.4.2010Base Price 40.53 42.31 26.96 32.95 38.08 35.25 31.40 33.56 43.48 31.68 38.79 40.77 35.98 38.57 43.28Base Quantity 25063 20012 18261 23763 26124 22973 23403 23304 20644 17259 23442 23442 23336 23862 25337Day Price 44.68 42.40 28.60 35.99 38.36 36.83 37.83 35.66 43.15 29.70 45.26 45.36 41.74 42.35 46.39Day Quantity 16894 12377 11624 16601 17412 15630 16111 14833 12937 10588 16836 16836 15747 16098 17142Night Price 32.22 42.12 23.69 26.86 37.53 32.09 18.53 29.36 44.16 35.62 25.86 31.58 24.46 31.00 37.05Night Quatity 8169 7635 6637 7163 8712 7343 7292 8471 7707 6671 6605 6605 7589 7764 8194

OPCOM, Romania - Prices

05

1015

2025

3035

4045

50

16.4

.201

0

17.4

.201

0

18.4

.201

0

19.4

.201

0

20.4

.201

0

21.4

.201

0

22.4

.201

0

23.4

.201

0

24.4

.201

0

25.4

.201

0

26.4

.201

0

27.4

.201

0

28.4

.201

0

29.4

.201

0

30.4

.201

0

EUR

/MW

h

Night Day Base

OPCOM, Romania - Prices

0

10

20

30

40

50

60

70

80

16.4

.201

0

17.4

.201

0

18.4

.201

0

19.4

.201

0

20.4

.201

0

21.4

.201

0

22.4

.201

0

23.4

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0

24.4

.201

0

25.4

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0

26.4

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0

27.4

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0

28.4

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0

29.4

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0

30.4

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0

EUR

/MW

h

minimal price average price maximal price

OPCOM, Romania - Traded energy

0

5000

10000

15000

20000

25000

30000

16.4.

2010

17.4.

2010

18.4.

2010

19.4.

2010

20.4.

2010

21.4.

2010

22.4.

2010

23.4.

2010

24.4.

2010

25.4.

2010

26.4.

2010

27.4.

2010

28.4.

2010

29.4.

2010

30.4.

2010

MW

h

9


Forecasted weather conditions for the following period

Date AlbaniaTirana

Bosnia and HerzegovinaSarajevo

BulgariaSofia

CroatiaZagreb

GreeceAthens

MacedoniaSkopje

MontenegroPodgorica

RomaniaBucharest

SerbiaBelgrade

04.05. T: 12 - 28W: SE 9R: -

T: 6 - 25W: SE 6R: -

T: 11 - 25W: L-VR: -

T: 14 - 22W: NE 8R: 10

T: 17 - 26W: SE 9R: -

T: 8 - 28W: SE 6R: -

T: 12 - 28W: SE 6R: -

T: 11 - 27W: SE 9R: -

T: 16 - 28W: SE 4R: -

05.05. T: 16 - 29W: SE 6R: -

T: 9 - 23W: SE 9R; 2

T: 12 - 26W: L-VR: -

T: 11 - 14W: NE 11R: 2

T: 17 - 27W: NE 9R: -

T: 10 - 28W: SE 10R: -

T: 16 - 29W: SE 6R: -

T: 11 - 28W: SE 9R: -

T: 17 - 26W: SE 6R: -

06.05. T: 16 - 26W: S 18R: 8

T: 10 - 23W: S 21R: -

T: 12 - 24W: SE 12R: -

T: 13 - 22W: SW 16R: -

T: 18 - 23W: NE 11R: -

T: 12 - 22W: SE 17R: -

T: 15 - 25W: S 20R: 8

T: 12 - 25W: SE 15R: -

T: 17 - 26 W: SE 19R: 6

07.05. T: 12 - 22W: SW 11R: -

T: 11 - 19W: SW 10R: -

T: 10 - 23W: SW 9R: 6

T: 13 - 23W: SW 10R: 1

T: 15 -25W: NW 9R: -

T: 8 - 23W: W 11R: -

T: 12 - 20W: SW 10R: -

T: 10 - 22W: N 10R: 3

T: 13 - 24W: SW 6R: 4

08.05. T: 10 - 22W: SW 12R: -

T: 9 - 19 W: SW 20R: -

T: 11 - 23W: SW 4R: -

T: 11 - 16W: SW 18R: 2

T: 14 - 25W: NW 12R: 2

T: 8 - 23W: SW 10R: -

T: 12 - 18W: S 16R: 4

T: 9 - 26W: SW 11R: -

T: 12 - 25W: SW 9R: -

09.05. T: 11 - 19W: SW 14R: YES

T: 5 - 17W: SW 6R: YES

T: 11 - 21W: SW 8R: -

T: 9 - 17W: SW 9R: YES

T: 16 - 24W: SW 9R: -

T: 8 - 21W: SW 10R: -

T: 9 - 19W: SW 11R: YES

T: 12 - 27W: SW 11R: -

T: 11 - 20W: SW 6R: -

10.05. T: 14 - 21W: NW 11R: -

T: 6 - 14W: NW 8R: YES

T: 7 - 21W: L-VR: YES

T: 9 - 17W: NW 8R: -

T: 13 - 21W: SW 9R: -

T: 5 - 21W: W 7R: YES

T: 9 - 18W: NW 9R: -

T: 12 - 24W: E 6R: -

T: 10 - 16W: -R: -

11.05. T: 12 - 18W: NW 15R: YES

T: 6 - 18W: NW 12R: YES

T: 11 - 21W: NW 9R: YES

T: 9 - 22W: NW 12R: -

T: 13 - 23W: SW 19R: -

T: 9 - 22W: NW 12R: YES

T: 12 - 22W: NW 11R: YES

T: 14 - 23W: E 10R: YES

T: 9 - 20W: NW 14R: YES

12.05. T: 13 - 20W: NW 14R: YES

T: 7 - 20W: NW 14R: -

T: 10 - 22W: W 8R: YES

T: 9 - 24W: NW 9R: -

T: 15 - 24W: SW 19R: -

T: 9 - 23W: NW 10R: YES

T: 12 - 25W: NW 11R: YES

T: 14 - 21W: SE 6R: YES

T: 11 - 22W: W 15R: -

13.05. T: 11 - 23W: SW 11R: YES

T: 8 - 22W: SW 9R: -

T: 8 - 24W: W 6R: YES

T: 12 - 23W: W 8R: YES

T: 15 - 24W: NW 10R: -

T: 8 - 24W: SW 9R: -

T: 12 - 26W: SW 11R: YES

T: 13 - 21W: SW 6R: -

T: 12 - 26W: SW 9R: YES

MayAverages

Temp: 12-23Rain: 140Rain days: -

Temp: 8.5-20/3Rain: 82Rain days: 11

Temp: 9-20.3Rain: 73Rain days: 14

Temp: 9.2-21.3Rain: 79Rain days: 13

Temp: 13.9-26Rain: 23Rain days: 6





T: Temperature in celsius degreesW: Wind speed in km/h, S – South, W – West, N – North, E – East and variables; “-” - no wind; “L-V” - Light and variableR: Rain in mmS: Snow in mm

Mepso, Macedonia: Production and consumption (MWh)

16.4.2010 17.4.2010 18.4.2010 19.4.2010 20.4.2010 21.4.2010 22.4.2010 23.4.2010 24.4.2010 25.4.2010 26.4.2010 27.4.2010 28.4.2010 29.4.2010 30.4.2010Hydro generation 9142 8346 7890 8632 9077 8276 7959 7995 7925 8120 7474 7250 8706 9999 7386Thermal generation 10162 10346 10370 10076 10453 10031 9936 9801 9842 9843 9917 9741 8652 6812 9568Total production 19304 18692 18260 18708 19530 18307 17895 17796 17767 17963 17391 16991 17358 16811 16954Import 1280 1260 1374 1226 998 1045 948 862 1149 1102 243 338 224 914 463Total consumption in FYROM 20584 19952 19634 19934 20528 19352 18843 18658 18916 19065 17634 17329 17582 17725 17417

Consumption and production in last 15 daysMacedonia

0

5000

10000

15000

20000

25000

16.4.

2010

17.4.

2010

18.4.

2010

19.4.

2010

20.4.

2010

21.4.

2010

22.4.

2010

23.4.

2010

24.4.

2010

25.4.

2010

26.4.

2010

27.4.

2010

28.4.

2010

29.4.

2010

30.4.

2010

MW

h

Total production Total consumption

10

Balkan Energy NEWS, e-journal Issue No: 2010-IV/2 - issue covers period 16.4.2010-30.4.2010

Tables with result of Allocated Aailable Transfer Capacities (AATC) in Balkan region for May 2010

NOS BIH - Bosnia & Herzegovina May 2010.Border+Direction TTC TRM NTC AAC ATC AATC Price Validity period:

IMPORTCroatia > BIH - - 650 - 225 185 - 01.-30.05.2010Montenegro > BIH - - 300 - 150 0 - 01.-30.05.2010

Serbia > BIH- - 500 - 175 0 - 01.-23.05.2010- - 350 - 175 0 - 24.-31.05.2010

EXPORTBIH > Croatia - - 500 - 100 100 - 01.-30.05.2010

BIH > Montenegro- - 300 - 100 100 - 01.-05.05.2010- - 450 - 100 100 - 06.-31.05.2010

BIH > Serbia - - 350 - 128 128 - 01.-30.05.2010

ESO - Bulgaria May 2010.Border+Direction TTC TRM NTC AAC ATC AATC Price Validity period:

IMPORT

Serbia > Bulgaria- - 200 - 80 80 1.76 01.-09.05.2010- - 50 - 5 5 0.47 10.-21.05.2010- - 200 - 80 80 0.57 22.-31.05.2010

Romania > Bulgaria*

- - 300 - 200 200 0.01 01.-07.05.2010- - 200 - 100 100 0.77 08.-09.05.2010- 300 - 200 200 0.01 10.-30.05.2010- - 200 - 100 100 0.77 31.05.2010

Macedonia > Bulgaria - - 0 - 0 0 0.00 01.-30.04.2010

Greece > Bulgaria- - 100 - 40 20 0.00 01.-09.05.2010- - 0 - 0 0 0.00 10.-21.05.2010- - 100 - 40 20 0.00 22.-31.05.2010

EXPORT

Bulgaria > Serbia- - 400 - 165 165 0.10 01.-09.05.2010- - 600 - 265 265 0.04 10.-21.05.2010- - 400 - 165 165 0.10 22.-31.05.2010

Bulgaria > Romania*- - 250 - 160 160 0.04 01.-12.05.2010- - 300 - 210 210 0.04 13.-21.05.2010- - 350 - 260 260 0.03 22.-31.05.2010

Bulgaria > Macedonia- - 250 - 75 75 0.07 01.-09.05.2010- - 500 - 200 200 0.10 10.-21.05.2010- - 250 - 75 75 0.07 22.-31.05.2010

Bulgaria > Greece- - 700 - 250 250 5.85 01.-09.05.2010- - 0 - 0 0 0.00 10.-21.05.2010- - 700 - 250 250 5.85 22.-31.05.2010

*Romanian border- common auction for 100% of ATC, held by ESO-EAD

MAVIR - Hungary May 2010.Border+Direction TTC TRM NTC AAC ATC AATC Price Validity period:

IMPORT

Romania > Hungary

400 100 300 200 100 100 0.36 01.-07.05.2010350 100 250 200 50 50 0.63 08.-09.05.2010450 100 350 200 150 150 0.25 10.-14.05.2010400 100 300 200 100 100 0.36 15.-30.05.2010350 100 250 200 50 50 0.63 31.05.2010

Serbia > Hungary 700 100 600 350 250 235 0.88 01.-30.04.2010EXPORT

Hungary > Romania450 100 350 150 200 200 0.09 01.-12.05.2010500 100 400 150 250 250 0.05 13.-31.05.2010

Hungary > Serbia 700 100 600 350 250 250 0.30 01.-30.04.2010*Romanian border - common auction for 100% of ATC, held by Transelectrica

MEPSO - Macedonia May 2010.Border+Direction TTC TRM NTC AAC ATC AATC Price Validity period:

IMPORTSerbia > Macedonia 500 100 400 35 165 120 0.00 01.-31.05.2010

Bulgaria > Macedonia350 100 250 25 100 75 0.00 01.-09.05.2010600 100 500 25 225 160 0.00 10.-21.05.2010350 100 250 25 100 75 0.00 22.-31.05.2010

Greece > Macedonia 200 100 100 0 50 0 0.00 01.-31.05.2010EXPORT

Macedonia > Serbia 250 100 150 0 75 60 0.00 01.-31.05.2010Macedonia > Bulgaria 100 100 0 0 0 75 0.00 01.-30.04.2010

Macedonia > Greece200 100 100 0 50 50 6.50 01.-09.05.2010320 100 220 0 110 100 6.80 10.-21.05.2010200 100 100 0 50 50 6.50 22.-31.05.2010

Transelectrica - Romania May 2010.Border+Direction TTC TRM NTC AAC ATC AATC Price Validity period:

IMPORT

Bulgaria > Romania*350 100 250 90 160 160 0.04 01.-12.05.2010400 100 300 90 210 210 0.04 13.-21.05.2010450 100 350 90 260 260 0.03 22.-31.05.2010

Serbia > Romania300 100 200 100 50 50 0.37 01.-09.05.2010350 100 250 100 75 75 0.37 10.-21.05.2010300 100 200 100 50 50 0.37 22.-31.05.2010

Hungary > Romania**450 100 350 150 200 200 0.09 01.-12.05.2010500 100 400 150 250 250 0.05 13.-31.05.2010

Ukraine > Romania***200 100 100 50 50 25 0.00 01.-12.05.2010250 100 150 50 100 0 0.00 13.-31.05.2010

EXPORT

Romania > Bulgaria*

- - 300 - 200 200 0.01 01.-07.05.2010- - 200 - 100 100 0.77 08.-09.05.2010- 300 - 200 200 0.01 10.-30.05.2010- - 200 - 100 100 0.77 31.05.2010

Romania > Serbia

600 100 500 100 200 200 0.06 01.-07.05.2010500 100 400 100 150 150 0.09 08.-09.05.2010700 100 600 100 250 250 0.03 10.-14.05.2010600 100 500 100 200 200 0.06 15.-30.05.2010500 100 400 100 150 150 0.09 31.05.2010

Romania > Hungary**

400 100 300 200 100 100 0.36 01.-07.05.2010350 100 250 200 50 50 0.63 08.-09.05.2010450 100 350 200 150 150 0.25 10.-14.05.2010400 100 300 200 100 100 0.36 15.-30.05.2010350 100 250 200 50 50 0.63 31.05.2010

Romania > Ukraine*** 150 100 50 50 0 0 0.00 01.-30.05.2010*Bulgarian border - common auction for 100% of ATC, held by ESO-EAD**Hungarian border - common auction for 100% of ATC, held by Transelectrica***Ukrainian border - common auction for 100% of ATC

EMS - Serbia May 2010.Border+Direction TTC TRM NTC AAC ATC AATC Price Validity period:

IMPORT

Albania > Serbia260 50 210 25 80 80 0.18 01.-16.05.2010

0 0 0 0 0 0 0.00 17.-21.05.2010150 50 100 25 25 25 0.43 22.-31.05.2010

BiH > Serbia 450 100 350 50 125 125 0.81 01.-31.05.2010

Bulgaria > Serbia500 100 400 50 150 148 0.27 01.-09.05.2010700 100 600 50 250 250 0.19 10.-21.05.2010500 100 400 50 150 148 0.27 22.-31.05.2010

Croatia > Serbia 400 100 300 49 101 99 0.03 01.-31.05.2010Hungary > Serbia 700 100 600 50 250 250 0.07 01.-31.05.2010Montenegro > Serbia 550 150 400 55 145 145 0.34 01.-31.05.2010Macedonia > Serbia 250 100 150 50 50 25 0.33 01.-31.05.2010

Romania > Serbia

600 100 500 50 200 200 0.04 01.-07.05.2010500 100 400 50 250 150 0.07 08.-09.05.2010700 100 600 50 250 240 0.00 10.-14.05.2010600 100 500 50 200 200 0.04 15.-30.05.2010500 100 400 50 150 150 0.07 31.05.2010

EXPORT

Serbia > Albania260 50 210 25 80 80 0.80 01.-16.05.2010

0 0 0 0 0 0 0.00 17.-21.05.2010150 50 100 25 25 25 1.22 22.-31.05.2010

Serbia > BiH600 100 500 24 226 226 0.06 01.-23.05.2010450 100 350 24 151 151 0.15 24.-31.05.2010

Serbia > Bulgaria300 100 200 25 75 75 1.47 01.-09.05.2010150 100 50 25 0 0 0.00 10.-21.05.2010300 100 200 25 75 75 1.35 22.-31.05.2010

Serbia > Croatia500 100 400 50 150 150 0.54 01.-23.05.2010400 100 300 50 100 100 0.64 24.-31.05.2010

Serbia > Hungary 700 100 600 50 250 250 0.67 01.-31.05.2010

Serbia > Montenegro480 150 330 89 76 75 0.13 01.-05.05.2010550 150 400 89 111 111 0.15 06.-16.05.2010550 100 450 134 91 91 0.23 17.-31.05.2010

Serbia > Macedonia 500 100 400 50 150 150 0.76 01.-31.05.2010

Serbia > Romania300 100 200 50 50 50 0.37 01.-09.05.2010350 100 250 50 75 75 0.33 10.-21.05.2010300 100 200 50 50 50 0.37 22.-31.05.2010

* - No information available

11


- TTC (Total Transfer Capacity)

- TRM (Transmission Reliability Margin)

- NTC (Net Transfer Capacity) values in previous tables, represents commonly correlated values, given per each border and per each direction on the respective border. (Please note that some of TSOs on their web sites publish only one-half of the NTC value, i.e. their own part of NTC, and therefore NTC data can be different)

- AAC (Already Allocated Capacity) value represents part of transmission capacity allocated earlier by TSO in which table this value ap-pears.

- ATC (Available Transfer Capacities) value represents amount of transmission capacity, which will be offered by the TSO in which table this value appears to the interested market participants through allocation procedure: usually by pro-rata or explicit auctions method. (Please note that some of TSOs on their web sites within their ATC value publish ATC part of the neighboring TSO, and therefore ATC data can be different

- AATC (ALLOCATED Available Transfer Capacities) values are the results of allocation procedure conducted by respective TSO in which table this value appears

Danube water-level in cm for last 30 days (in cm)

relevant for: HPP Portile de Fier I, 1167 MW, RomaniaHPP Portile de Fier II, 270 MW, RomaniaHPP Djerdap I, 1058 MW, SerbiaHPP Djerdap II, 270 MW Serbia(source: Republic Hydrometeorological Service of Serbia)

Characteristic water stages (in cm)

12


Analysis:

Statistical data of energy sector in Southeast Europe for 2005,2006, 2007, 2008 and 2009

Dear readers, in the analysis of this issue of Balkan Energy NEWS we present comparation of statistical data of energy sector in Southeast Europe for 2005, 2006, 2007, 2008 and 2009.

Monthly data for electricity generation, consumption, imports and exports are shown in tables and diagrams.

Monthly electricity consumption (In GWh)

Year 1 2 3 4 5 6 7 8 9 10 11 12 Sum

Bosnia andHerzegovina

2005 1037 983 988 882 832 909 840 856 824 917 1037 1084 111892006 1119 976 986 847 852 837 853 861 841 906 963 1068 111092007 1024 889 952 851 869 843 889 874 865 985 1017 1114 111722008 1093 998 1012 911 908 888 928 933 835 984 993 1087 115702009 1099 936 963 817 831 813 863 879 846 939 961 1054 11001

Bulgaria

2005 3584 3420 3418 2780 2517 2492 2652 2629 2574 2964 3386 3668 360842006 3999 3530 3447 2735 2686 2630 2424 2486 2708 2642 3035 3354 356762007 3204 2970 3052 2562 2465 2438 2365 2339 2232 2768 3101 3635 331312008 3917 3295 2954 2637 2522 2459 2578 2585 2499 2720 2982 3304 344522009 3608 3076 3192 2533 2293 2275 2436 2368 2274 2578 2765 3180 32578

Croatia

2005 1576 1500 1497 1268 1226 1210 1324 1283 1255 1326 1446 1648 165592006 1682 1485 1566 1289 1273 1294 1424 1361 1089 1324 1432 1593 168122007 1556 1406 1485 1280 1319 1323 1485 1433 1324 1466 1569 1732 173782008 1681 1544 1570 1397 1352 1382 1513 1466 1409 1430 1475 1641 178602009 1624 1529 1554 1324 1333 1307 1481 1470 1307 1421 1474 1651 17475

Greece

2005 4546 4197 4272 3987 4074 4379 5246 4813 4214 4109 4350 4690 528772006 4853 4284 4373 3833 4281 4573 5021 5182 4286 4176 4383 4744 539892007 4628 4244 4465 4016 4320 4893 5854 5170 4397 4380 4439 4882 556882008 4915 4544 4270 4105 4408 5015 5830 5340 4598 4286 4311 4691 563132009 4653 4271 4399 3894 4206 4649 5479 4822 4650 4186 4194 4550 53953

Macedonia

2005 833 791 756 611 562 554 573 547 537 646 784 881 80752006 936 826 802 640 601 560 577 585 570 643 751 888 83792007 829 733 774 672 594 587 634 525 593 710 845 972 84682008 942 791 761 693 633 621 673 667 661 684 705 813 86442009 862 741 763 571 533 501 543 613 530 635 702 801 7795

Romania

2005 4802 4570 5183 4313 4052 3867 3903 3943 3932 4267 4604 4788 522242006 4857 4537 4786 4137 4159 4040 4188 4216 4116 4422 4690 4868 530162007 4733 4417 4659 4078 4272 4242 4541 4342 4163 4646 4912 5113 541182008 5169 4801 4796 4397 4401 4293 4527 4492 4388 4631 4624 4687 552062009 4738 4267 4474 3806 3918 3906 4116 3966 3887 4309 4464 4793 50644

Serbia2007 3711 3405 3505 3156 3359 2984 2826 2711 2698 3477 3821 4255 399082008 4185 3711 3572 3234 2781 2634 3110 2787 2908 3208 3481 3993 396042009 4223 3481 3795 2860 3094 3499 3655 3243 3085 3371 3538 3677 41521

Bulgaria - Monthly consumption 2005/2006/2007/2008/2009

0

500

1000

1500

2000

2500

3000

3500

4000

1 2 3 4 5 6 7 8 9 10 11 12

GW

h

2005 2006 2007 2008 2008

Bosnia and Herzegovina - Monthly consumption 2005/2006/2007/2008/2009

0

200

400

600

800

1000

1200

1 2 3 4 5 6 7 8 9 10 11 12

GW

h

2005 2006 2007 2008 2009

13


Croatia - Monthly consumption 2005/2006/2007/2008/2009

0

200

400

600

800

1000

1200

1400

1600

1800

1 2 3 4 5 6 7 8 9 10 11 12

GW

h

2005 2006 2007 2008 2009

Greece - Monthly consumption 2005/2006/2007/2008/2009

0

1000

2000

3000

4000

5000

6000

1 2 3 4 5 6 7 8 9 10 11 12

GW

h

2005 2006 2007 2008 2009

Romania - Monthly consumption 2005/2006/2007/2008/2009

0

1000

2000

3000

4000

5000

6000

1 2 3 4 5 6 7 8 9 10 11 12

GW

h

2005 2006 2007 2008 2009

Macedonia - Monthly consumption 2005/2006/2007/2008/2009

0

100

200

300

400

500

600

700

800

900

1000

1 2 3 4 5 6 7 8 9 10 11 12

GW

h

2005 2006 2007 2008 2009

Serbia - Monthly consumption 2005/2006/2007/2008/2009

0

500

1000

1500

2000

2500

3000

3500

4000

4500

1 2 3 4 5 6 7 8 9 10 11 12

GW

h

2007 2008 2009

14


Monthly pumps consumption (In GWh)

Year 1 2 3 4 5 6 7 8 9 10 11 12 Sum

Bulgaria

2005 43 38 39 38 46 21 38 47 21 63 49 63 5062006 41 13 37 31 35 18 31 35 18 56 54 63 4322007 67 50 62 54 37 20 54 37 20 49 67 0 5172008 56 67 65 54 34 28 54 34 28 69 78 86 6532009 93 77 0 57 49 62 58 49 62 81 74 97 759

Croatia

2005 26 23 4 10 10 10 10 10 10 5 10 6 1342006 19 11 13 7 20 7 7 20 7 18 19 21 1692007 21 22 13 14 20 10 14 21 10 15 29 21 2102008 14 12 6 14 10 17 14 10 17 18 9 0 1412009 89 4 11 5 7 10 5 8 10 14 10 13 186

Greece

2005 77 42 23 50 71 72 50 71 72 95 91 84 7982006 34 80 18 26 50 39 26 49 39 65 72 79 5772007 92 94 112 99 104 83 99 104 83 105 80 91 11462008 103 97 101 100 102 91 100 101 91 104 104 110 12042009 81 20 51 30 31 67 29 31 67 22 17 23 469

Romania

2005 0 0 0 0 0 0 0 0 0 0 0 0 02006 4 3 6 29 38 22 30 39 22 6 5 1 2052007 4 3 7 15 25 15 15 25 15 15 13 8 1602008 5 4 6 21 23 12 21 23 12 6 4 19 1562009 12 11 0 21 10 8 22 10 8 15 24 14 155

Serbia

2005 60 73 111 142 124 12 142 124 12 48 34 100 9822006 61 34 86 135 160 53 135 160 53 74 54 46 10512007 134 10 32 12 73 59 12 73 59 144 99 44 7512008 52 41 93 67 51 20 67 52 20 100 105 79 7472009 59 47 62 117 83 115 116 83 115 94 67 64 1022

Thermal electricity generation (In GWh)

Year 1 2 3 4 5 6 7 8 9 10 11 12 Sum

Bosnia and Herzegovina

2005 643 561 592 249 278 508 583 636 670 705 549 628 66022006 667 669 585 373 421 531 694 739 613 653 735 773 74532007 704 659 708 363 506 537 623 723 749 767 719 728 77862008 706 749 700 486 638 751 853 810 737 752 800 686 86682009 693 596 668 470 680 769 818 691 663 759 612 619 8038

Bulgaria

2005 1735 1859 1872 1371 1127 1599 1925 1656 1673 1988 2284 1892 209812006 2086 2046 1838 1208 1392 1589 1569 1727 1794 1654 1782 1798 204832007 1831 1723 1681 1427 1072 1667 2167 1878 2118 2325 2039 2193 221212008 2200 1781 1766 1561 1410 1808 1943 1788 2136 1786 2176 2240 225952009 2420 1973 1774 1454 1342 1199 1439 1225 1714 2156 1911 1800 20407

Croatia

2005 457 585 483 258 313 433 500 452 416 344 514 423 51782006 477 486 393 261 296 296 553 442 312 485 560 700 52612007 684 430 496 428 451 489 555 608 537 744 676 566 66642008 564 599 559 379 347 493 583 561 596 594 456 360 60912009 488 351 363 302 246 325 460 487 526 622 515 504 5189

Greece

2005 3921 3407 3369 3176 3291 3586 4283 3909 3542 3412 3568 3841 433052006 3645 3423 3125 2790 3403 3657 3969 4143 3536 3499 3564 3902 426562007 4104 3683 3745 3453 3762 3998 4636 4303 3812 3898 3913 4269 475762008 4307 3741 3253 3427 3693 4049 4755 4325 3919 3784 3624 3841 467182009 3897 3270 3218 2926 3327 3521 4074 3826 3490 3507 3130 3435 41621

Macedonia

2005 499 456 472 405 292 292 339 340 424 474 493 507 49932006 514 451 462 347 283 286 392 359 330 446 482 590 49422007 585 509 495 410 326 207 352 356 305 446 486 537 50142008 566 483 499 418 285 298 341 347 349 442 477 480 49852009 561 483 533 343 277 272 271 408 440 484 459 479 5010

Romania

2005 3371 3300 2966 2249 1378 1574 1656 1889 2228 2477 3257 3419 297642006 3451 3365 3175 2407 2145 1818 2245 2408 2542 3191 3742 3752 342412007 3612 3208 3088 2293 2342 2602 2982 2642 2419 2684 2833 2987 336922008 3288 3168 2771 2215 2193 2332 2547 2502 2755 2892 3114 2855 326322009 2973 2559 2343 1473 1895 1753 1866 2006 2194 2627 2435 2781 26905

Serbia2007 2927 2322 2319 2145 2246 2281 2124 2154 2002 2656 2727 3068 289712008 3146 2083 2559 2061 2012 1698 2331 2152 2265 2756 2865 2735 286632009 3180 2541 2778 1675 2028 2332 2271 2332 2424 2800 2702 2965 30028

15


Croatia - Monthly thermal generation 2005/2006/2007/2008/2009

0

100

200

300

400

500

600

700

800

1 2 3 4 5 6 7 8 9 10 11 12

GW

h

2005 2006 2007 2008 2009

Bulgaria - Monthly thermal generation 2005/2006/2007/2008/2009

0

500

1000

1500

2000

2500

1 2 3 4 5 6 7 8 9 10 11 12

GW

h

2005 2006 2007 2008 2009

Bosnia and Herzegovina - Monthly thermal generation 2005/2006/2007/2008/2009

0

100

200

300

400

500

600

700

800

900

1 2 3 4 5 6 7 8 9 10 11 12

GW

h

2005 2006 2007 2008 2009

Greece - Monthly thermal generation 2005/2006/2007/2008/2009

0

500

1000

1500

2000

2500

3000

3500

4000

4500

5000

1 2 3 4 5 6 7 8 9 10 11 12

GW

h

2005 2006 2007 2008 2009

Macedonia - Monthly thermal generation 2005/2006/2007/2008/2009

0

100

200

300

400

500

600

1 2 3 4 5 6 7 8 9 10 11 12

GW

h

2005 2006 2007 2008 2009

Romania - Monthly thermal generation 2005/2006/2007/2008/2009

0

800

1600

2400

3200

4000

1 2 3 4 5 6 7 8 9 10 11 12

GW

h

2005 2006 2007 2008 2009

Serbia - Monthly thermal generation 2005/2006/2007/2008/2009

0

800

1600

2400

3200

1 2 3 4 5 6 7 8 9 10 11 12

GW

h

2007 2008 2009

16


Hydro electricity generation (In GWh)

Year 1 2 3 4 5 6 7 8 9 10 11 12 Sum

Bosnia andHerzegovina

2005 599 490 670 796 644 374 347 355 317 357 435 612 59962006 799 502 670 828 638 366 367 297 358 383 348 301 58572007 283 291 383 469 280 259 273 237 226 292 495 515 40032008 480 369 436 546 361 313 225 213 222 346 342 695 45482009 698 796 718 637 381 366 281 303 233 368 484 689 5954

Bulgaria

2005 393 424 541 405 550 568 292 336 247 238 260 413 46672006 584 350 515 606 430 486 305 254 211 218 299 240 44982007 169 143 227 221 437 419 266 235 192 230 231 368 31382008 361 245 255 350 399 385 270 245 195 162 161 174 32022009 228 275 322 378 438 413 362 312 238 258 286 371 3881

Croatia

2005 683 474 609 687 595 378 405 381 397 537 487 765 63982006 793 578 695 730 662 471 364 341 366 387 360 337 60842007 369 385 534 428 348 271 316 255 259 312 380 505 43622008 505 372 436 566 488 468 346 323 267 227 427 857 52822009 808 799 741 814 613 443 416 390 303 335 425 690 6777

Greece

2005 370 480 802 564 517 404 454 456 302 323 401 503 55762006 939 543 936 667 643 419 413 492 328 315 368 387 64502007 313 238 193 209 283 336 523 315 185 180 278 315 33682008 308 293 253 179 264 379 451 302 230 181 199 264 33032009 341 508 562 518 351 351 505 419 306 396 692 668 5617

Macedonia

2005 148 192 187 167 139 137 78 59 51 87 108 129 14822006 202 146 174 174 189 142 121 90 71 112 107 97 16252007 106 80 94 102 64 84 69 52 91 60 93 157 10522008 115 93 85 84 95 41 51 46 77 57 60 76 8802009 103 72 94 135 166 130 115 74 40 73 116 128 1246

Romania

2005 1351 1250 1560 1667 2204 1906 1933 2009 1613 1540 1434 1443 199102006 1432 1235 1597 1693 1842 2018 1710 1654 1701 1103 913 1084 179822007 933 1140 1460 1298 1463 1322 1237 1071 1236 1417 1557 1488 156222008 1427 1352 1558 1734 1905 1777 1471 1351 923 1100 935 1262 167952009 1186 1216 1518 1687 1625 1388 1478 1194 924 849 1251 1232 15548

Serbia2007 785 900 1103 893 762 706 651 513 697 709 1057 1134 99102008 876 778 1117 1150 927 818 708 709 697 509 611 1124 100242009 1017 1081 1137 1234 974 832 1011 681 553 638 926 1008 11092

Greece - Monthly hydro generation2005/2006/2007/2008/2009

0

100

200

300

400

500

600

700

800

900

1000

1 2 3 4 5 6 7 8 9 10 11 12

GW

h

2005 2006 2007 2008 2009

Bosnia and Herzegovina - Monthly hydro generation 2005/2006/2007/2008/2009

0

100

200

300

400

500

600

700

800

900

1 2 3 4 5 6 7 8 9 10 11 12

GW

h

2005 2006 2007 2008 2009

Croatia - Monthly hydro generation2005/2006/2007/2008/2009

0

100

200

300

400

500

600

700

800

900

1 2 3 4 5 6 7 8 9 10 11 12

GW

h

2005 2006 2007 2008 2009

Bulgaria - Monthly hydro generation 2005/2006/2007/2008/2009

0

100

200

300

400

500

600

700

1 2 3 4 5 6 7 8 9 10 11 12

GW

h

2005 2006 2007 2008 2009

17


Macedonia - Monthly hydro generation 2005/2006/2007/2008/2009

0

50

100

150

200

250

1 2 3 4 5 6 7 8 9 10 11 12

GW

h

2005 2006 2007 2008 2009

Romania - Monthly hydro generation2005/2006/2007/2008/2009

0

500

1000

1500

2000

2500

1 2 3 4 5 6 7 8 9 10 11 12

GW

h

2005 2006 2007 2008 2009

Serbia - Monthly hydro generation2005/2006/2007/2008/2009

0

200

400

600

800

1000

1200

1400

1 2 3 4 5 6 7 8 9 10 11 12

GW

h

2007 2008 2009

Nuclear electricity generation (In GWh)

Romania - Monthly nuclear generation 2005/2006/2007/2008/2009

0

100

200

300

400

500

600

700

800

900

1000

1 2 3 4 5 6 7 8 9 10 11 12

GW

h

2005 2006 2007 2008 2009

Bulgaria - Monthly nuclear generation 2005/2006/2007/2008/2009

0

500

1000

1500

2000

1 2 3 4 5 6 7 8 9 10 11 12

GW

h

2005 2006 2007 2008 2009

Year 1 2 3 4 5 6 7 8 9 10 11 12 Sum

Bulgaria

2005 2116 1889 1804 1664 1416 1049 1141 1146 1225 1399 1635 2173 186572006 2178 1967 1937 1677 1389 1266 1207 1270 1343 1313 1411 1998 189562007 1405 1272 1409 1369 1319 977 687 1013 671 727 1334 1429 136122008 1524 1336 1432 1364 1334 814 978 1135 667 1333 1392 1440 147492009 1431 1297 1432 972 820 1165 1312 1378 918 715 1382 1436 14258

Romania

2005 402 383 487 474 487 468 440 289 238 490 440 489 50872006 486 440 487 372 489 471 479 480 124 412 475 489 52042007 489 442 488 474 478 463 473 502 639 766 870 969 70532008 964 865 968 852 619 445 885 942 927 973 920 973 103332009 973 879 975 913 570 890 944 945 897 968 942 919 10815

18


Renewable electricity generation (In GWh)

Year 1 2 3 4 5 6 7 8 9 10 11 12 Sum

Croatia

2005 2 2 2 0 0 0 1 2 2 1 2 2 162006 2 0 0 1 1 1 1 2 3 4 4 3 222007 3 4 5 2 3 1 2 3 4 4 5 3 392008 4 4 4 4 3 2 3 2 3 3 4 6 422009 5 5 5 4 4 4 4 4 4 5 5 8 57

Greece

2005 84 97 77 88 69 67 78 74 69 117 107 133 10602006 112 93 106 92 93 81 175 82 111 131 108 110 12942007 139 127 154 92 88 80 149 119 123 130 150 159 15102008 143 135 193 163 96 131 146 195 123 179 145 228 18772009 215 203 195 154 138 142 170 227 193 198 186 260 2281

Croatia - Monthly renewable generation 2005/2006/2007/2008/2009

0

2

4

6

8

1 2 3 4 5 6 7 8 9 10 11 12

GW

h

2005 2006 2007 2008 2009

Greece - Monthly renewable generation 2005/2006/2007/2008/2009

0

50

100

150

200

250

300

1 2 3 4 5 6 7 8 9 10 11 12

GW

h

2005 2006 2007 2008 2009

Total electricity generation (thermal+hydro+nuclear+renewable, in GWh)

Year 1 2 3 4 5 6 7 8 9 10 11 12 Sum


2005 1242 1051 1262 1045 922 882 930 991 989 1062 984 1240 126002006 1466 1171 1255 1201 1059 897 1061 1036 971 1036 1083 1074 133102007 987 950 1091 832 786 796 893 960 975 1059 1214 1243 117862008 1186 1118 1136 1032 999 1064 1078 1025 959 1098 1142 1381 132182009 1391 1392 1386 1107 1061 1135 1099 994 895 1127 1096 1308 13991

Bulgaria 2005 4244 4172 4217 3440 3093 3216 3358 3138 3145 3625 4179 4478 443052006 4848 4363 4290 3491 3211 3341 3081 3251 3348 3185 3492 4036 439372007 3405 3138 3317 3017 2828 3063 3120 3126 2981 3282 3604 3990 388712008 4085 3362 3453 3275 3143 3007 3191 3168 2998 3281 3729 3854 405462009 4079 3545 3528 2804 2600 2777 3113 2915 2870 3129 3579 3607 38546

Croatia 2005 1142 1061 1094 945 908 811 905 833 813 882 1003 1190 115872006 1272 1064 1088 992 959 768 917 783 678 876 924 1040 113612007 1056 819 1035 858 802 761 871 863 796 1060 1061 1074 110562008 1073 975 999 949 838 963 929 884 863 824 887 1223 114072009 1301 1155 1112 1120 863 772 876 877 829 962 945 1202 12014

Greece 2005 4375 3984 4248 3739 3808 3990 4815 4439 3913 3852 4076 4477 497162006 4696 4059 4167 3457 4046 4076 4557 4717 3975 3945 4040 4399 501342007 4556 4048 4092 3661 4045 4334 5308 4737 4120 4208 4341 4743 521932008 4758 4169 3699 3606 3957 4428 5352 4822 4272 4144 3968 4333 515082009 4453 3981 3975 3444 3679 3871 4749 4472 3989 4101 4008 4363 49085

Macedonia 2005 647 648 659 572 431 429 417 399 475 561 601 636 64752006 716 597 636 521 472 428 513 449 401 558 589 687 65672007 691 589 589 512 390 291 421 408 396 506 579 694 60662008 681 576 584 502 380 339 392 393 426 499 537 556 58652009 664 555 627 478 443 402 386 482 480 557 575 607 6256

Romania 2005 5124 4933 5013 4390 4069 3948 4029 4187 4079 4507 5131 5351 547612006 5369 5040 5259 4472 4476 4307 4434 4542 4367 4706 5130 5325 574272007 5034 4790 5036 4065 4283 4387 4692 4215 4294 4867 5260 5444 563672008 5679 5385 5297 4801 4717 4554 4903 4795 4605 4965 4969 5090 597602009 5132 4654 4836 4073 4090 4031 4288 4145 4015 4444 4628 4932 53268

Serbia 2007 3712 3222 3422 3038 3008 2987 2775 2667 2699 3365 3784 4202 388812008 4022 2861 3676 3211 2939 2516 3039 2861 2962 3265 3476 3859 386872009 4197 3622 3915 2909 3002 3164 3282 3013 2977 3438 3628 3973 41120

19


Romania - Monthly electricity generation 2005/2006/2007/2008/2009

0

1000

2000

3000

4000

5000

6000

1 2 3 4 5 6 7 8 9 10 11 12

GW

h

2005 2006 2007 2008 2009

Croatia - Monthly electricity generation 2005/2006/2007/2008/2009

0

200

400

600

800

1000

1200

1400

1 2 3 4 5 6 7 8 9 10 11 12

GW

h

2005 2006 2007 2008 2009

Macedonia - Monthly electricity generation 2005/2006/2007/2008/2009

0

100

200

300

400

500

600

700

800

1 2 3 4 5 6 7 8 9 10 11 12

GW

h

2005 2006 2007 2008 2009

Greece - Monthly electricity generation 2005/2006/2007/2008/2009

0

1000

2000

3000

4000

5000

6000

1 2 3 4 5 6 7 8 9 10 11 12

GW

h

2005 2006 2007 2008 2009

Bosnia and Herzegovina - Monthly electricity generation 2005/2006/2007/2008/2009

0

200

400

600

800

1000

1200

1400

1600

1 2 3 4 5 6 7 8 9 10 11 12

GW

h

2005 2006 2007 2008 2009

Bulgaria - Monthly electricity generation 2005/2006/2007/2008/2009

0

500

1000

1500

2000

2500

3000

3500

4000

4500

5000

1 2 3 4 5 6 7 8 9 10 11 12

GW

h

2005 2006 2007 2008 2009

Serbia - Monthly electricity generation 2005/2006/2007/2008/2009

0

500

1000

1500

2000

2500

3000

3500

4000

4500

1 2 3 4 5 6 7 8 9 10 11 12

GW

h

2007 2008 2009

20


Export-import balances (negative values - import, in GWh)

Year 1 2 3 4 5 6 7 8 9 10 11 12 Sum

Albania

2005 -20 6 25 16 69 2 -88 -54 -36 -97 -139 -251 -5672006 -115 -93 3 80 71 9 -103 -74 -60 -98 -68 -189 -6372007 -259 -311 -289 -211 -167 -179 -186 -233 -220 -263 -250 -262 -28302008 -257 -248 -285 -161 -138 -191 -124 -195 -205 -186 -224 -219 -24332009 -234 -110 -161 156 37 -117 -135 -219 -215 -228 -103 -64 -1393


2005 205 68 274 163 90 -27 90 135 163 145 -53 156 14092006 347 195 269 354 207 60 208 175 130 130 120 6 22012007 -37 61 139 -19 -83 -47 7 86 110 74 197 129 6172008 93 120 124 121 91 176 150 90 124 114 149 294 16462009 292 456 423 290 230 322 236 115 50 188 135 254 2991

Bulgaria

2005 617 714 760 622 530 703 663 461 524 598 744 747 76832006 808 820 806 725 490 693 623 728 601 487 403 619 78032007 134 118 203 401 326 605 721 743 711 465 436 355 52182008 112 0 434 584 587 520 560 523 444 492 669 464 53892009 378 392 336 214 258 440 596 447 525 470 740 330 5126

Croatia

2005 -460 -462 -407 -333 -328 -409 -432 -470 -456 -449 -453 -464 -51232006 -429 -432 -491 -304 -334 -533 -522 -596 -423 -466 -527 -574 -56312007 -521 -609 -463 -436 -537 -572 -635 -591 -553 -421 -537 -679 -65542008 -622 -581 -577 -462 -524 -436 -609 -601 -556 -624 -597 -418 -66072009 -412 -378 -453 -209 -477 -545 -621 -601 -493 -473 -539 -462 -5663

Greece

2005 -248 -255 -47 -209 -268 -394 -511 -448 -390 -352 -365 -297 -37842006 -191 -305 -224 -310 -192 -455 -504 -510 -375 -296 -415 -424 -42012007 -164 -290 -485 -361 -291 -562 -628 -519 -372 -277 -178 -230 -43572008 -260 -472 -672 -436 -457 -547 -573 -613 -424 -246 -447 -468 -56152009 -281 -310 -475 -326 -421 -702 -752 -366 -684 -107 -203 -210 -4837

Macedonia

2005 -186 -143 -97 -39 -131 -125 -156 -148 -62 -85 -183 -245 -16002006 -220 -229 -166 -119 -129 -132 -64 -136 -169 -85 -162 -201 -18122007 -138 -144 -185 -160 -204 -296 -213 -117 -197 -204 -266 -278 -24022008 -261 -215 -177 -191 -253 -282 -281 -274 -235 -185 -168 -257 -27792009 -198 -186 -136 -93 -90 -99 -157 -131 -50 -78 -127 -194 -1539

Montnegro2007 -297 -106 -106 -138 -220 -316 -325 -303 -270 -195 -157 -160 -25932008 -152 -133 -118 -138 -223 -137 -230 -241 -102 -230 -102 -86 -18922009 62 51 -32 4 -103 -171 -226 -254 -263 -124 -98 -139 -1293

Romania

2005 322 363 -170 77 17 81 126 244 147 240 527 563 25372006 508 500 467 306 279 245 229 310 247 278 435 456 42602007 297 370 370 -28 -14 130 143 -142 110 206 335 323 21002008 505 580 495 383 293 249 367 297 213 328 341 384 44352009 382 376 362 246 162 117 161 167 118 120 140 125 2476

Serbia2007 -133 -193 -115 -130 -424 -56 -93 -101 -105 -256 -136 -97 -18392008 -215 -891 11 -90 107 -138 -188 -27 25 -43 -110 -213 -17722009 -85 94 58 -68 -175 -450 -469 -260 -189 -27 23 232 -1316

Albania - Monthly exchanges 2005/2007/2007/2008/2009

-400

-300

-200

-100

0

100

200

1 2 3 4 5 6 7 8 9 10 11 12

GW

h

2005 2006 2007 2008 2009

Bosnia and Herzegovina - Monthly exchanges 2005/2006/2007/2008/2009

-100

0

100

200

300

400

500

1 2 3 4 5 6 7 8 9 10 11 12

GW

h

2005 2006 2007 2008 2009

21


Greece - Monthly exchanges2005/2007/20072008

-800

-700

-600

-500

-400

-300

-200

-100

01 2 3 4 5 6 7 8 9 10 11 12

GW

h

2005 2006 2007 2008 2009

Macedonia - Monthly exchanges 2005/2007/2007/2008/2009

-350

-300

-250

-200

-150

-100

-50

01 2 3 4 5 6 7 8 9 10 11 12

GW

h

2005 2006 2007 2008 2009

Croatia - Monthly exchanges 2005/2007/2007/2008/2009

-800

-700

-600

-500

-400

-300

-200

-100

01 2 3 4 5 6 7 8 9 10 11 12

GW

h

2005 2006 2007 2008 2009

Montenegro - Monthly exchanges2007/2008/2009

-350

-300

-250

-200

-150

-100

-50

0

50

100

1 2 3 4 5 6 7 8 9 10 11 12

GW

h

2007 2008 2009

Romania - Monthly exchanges 2005/2006/2007/2008/2009

-200

-100

0

100

200

300

400

500

600

1 2 3 4 5 6 7 8 9 10 11 12

GW

h

2005 2006 2007 2008 2009

Bulgaria - Monthly exchanges 2005/2006/2007/2008 /2009

0

100

200

300

400

500

600

700

800

900

1 2 3 4 5 6 7 8 9 10 11 12

GW

h

2005 2006 2007 2008 2009

Serbia - Monthly exchanges2007/2008/2009

-1000

-800

-600

-400

-200

0

200

1 2 3 4 5 6 7 8 9 10 11 12

GW

h

2007 2008 2009

22


Analysis:

Table with average monthly Cross Border Net Transfer Capacities (NTC) in Balkan region for last 12 months

Border+DirectionJune July August September October November December January February March April May2009 2009 2009 2009 2009 2009 2009 2010 2010 2010 2010 2010

NOS BIH - Bosnia & Herzegovina

IMP

OR

T Croatia > BIH 400 400 600 600 500 570 650 650 700 650 630 650Montenegro > BIH 350 450 450 450 450 370 300 350 300 300 300 300Serbia > BIH 350 300 250 300 400 400 350 450 400 400 310 450

EX

PO

RT BIH > Croatia 600 700 550 600 650 750 670 570 620 600 500 500

BIH > Montenegro 550 400 400 400 450 500 500 500 500 400 300 430BIH > Serbia 350 250 250 300 400 350 350 450 500 400 350 350

ESO EAD - Bulgaria

IMP

OR

T Serbia > Bulgaria 200 200 200 180 200 300 100 200 200 200 250 150Romania > Bulgaria 180 180 200 200 160 200 200 200 200 200 190 295Greeece > Bulgaria 0 0 0 0 0 0 0 100 100 100 100 100

EX

PO

RT

Bulgaria > Serbia 330 450 400 250 370 400 350 350 400 500 630 480Macedonia > Bulgaria 0 0 0 0 0 0 0 0 0 0 0 0Bulgaria > Romania 200 200 150 150 200 200 150 150 200 200 190 300Bulgaria > Greece 750 850 850 800 550 450 430 450 400 600 770 450Bulgaria > Macedonia 250 300 300 300 140 250 165 200 200 200 200 200

OPS HEP - Croatia

IMP

OR

T

Hungary > Croatia * 1000 1000 600 1000 1000 1000 1000 * * * * *Slovenia > Croatia 400 400 400 400 400 400 400 700 700 700 700 700Serbia > Croatia 200 250 250 100 300 350 300 350 350 400 350 380BIH > Croatia 600 700 550 600 650 750 670 570 620 600 500 500

EX

PO

RT

Croatia > Hungary * 600 600 600 600 600 600 600 * * * * *Croatia > Slovenia 400 400 400 400 400 400 400 700 700 700 700 700Croatia > Serbia 250 250 200 50 200 300 300 400 400 400 350 300Croatia > BIH 400 400 600 600 500 570 650 650 700 650 630 650

HTSO - GreeceHTSO - Greece

IMP

OR

T Bulgaria > Greece 750 850 850 800 550 450 430 450 400 600 770 450Macedonia > Greece 150 250 250 150 80 100 50 60 60 70 50 150Albania > Greece 200 200 150 0 0 0 250 250 0 150 150 100

EX

PO

RT Greece > Bulgaria 0 0 0 0 0 0 0 100 100 100 100 60

Greece > Macedonia 0 0 0 0 0 0 0 100 100 100 100 100Greece > Albania 600 500 500 500 500 470 500 0 0 0 0 0

MAVIR - Hungary

IMP

OR

T Croatia > Hungary * 600 600 600 600 600 600 600 * * * * *Romania > Hungary 300 200 150 300 460 500 490 490 450 400 420 300Serbia > Hungary 450 400 350 450 400 350 500 600 600 600 600 600

EX

PO

RT Hungary > Croatia * 1000 1000 600 1000 1000 1000 1000 * * * * *

Hungary > Romania 600 250 300 350 300 400 400 480 410 250 280 380Hungary > Serbia 600 600 600 600 600 600 600 600 600 600 600 600

MEPSO - Macedonia

IMP

OR

T Serbia > Macedonia 340 400 400 350 350 450 460 400 430 430 400 400

Greece > Macedonia 0 0 0 0 0 0 0 100 100 100 100 100Bulgaria > Macedonia 250 300 300 300 140 250 165 200 200 200 200 200

EX

PO

RT Macedonia > Serbia 50 50 100 200 160 190 150 170 150 170 170 150

Macedonia > Greece 150 250 250 150 80 100 50 60 60 70 50 150

Macedonia > Bulgaria 0 0 0 0 0 0 0 0 0 0 0 0

TSO EPCG - Montenegro

IMP

OR

T Albania > Montenegro 260 260 260 260 260 260 260 200 200 200 150 200BIH > Montenegro 550 400 400 400 450 500 500 500 500 400 300 430Serbia > Montenegro 350 400 400 350 380 450 470 420 460 375 400 400

EX

PO

RT Montenegro > Albania 200 200 200 200 200 200 200 200 200 200 150 200

Montenegro > BIH 350 450 450 450 450 370 300 350 300 300 300 300Montenegro > Serbia 350 300 300 300 300 350 450 450 440 400 400 400

23


Transelectrica - Romania

IMP

OR

T

Bulgaria > Romania 200 200 150 150 200 200 150 150 200 200 190 300Serbia > Romania 150 150 100 150 200 200 200 250 230 300 190 220Hungary > Romania 600 250 300 350 300 400 400 480 410 250 280 380Ucraine > Romania 150 90 75 75 140 150 200 190 170 110 50 130

EX

PO

RT

Romania > Bulgaria 180 180 200 200 160 200 200 200 200 200 190 295Romania > Serbia 320 200 350 350 400 500 490 600 650 650 600 500Romania > Hungary 300 200 150 300 460 500 490 490 450 400 420 300Romania > Ucraine 50 50 50 50 50 50 50 100 70 40 50 50

EMS - Serbia

IMP

OR

T

Hungary > Serbia 600 600 600 600 600 600 600 600 600 600 600 600Romania > Serbia 320 200 350 350 400 500 490 600 650 650 600 500Bulgaria > Serbia 330 450 400 235 370 400 350 350 400 500 630 480Macedonia > Serbia 50 50 100 200 160 190 150 170 150 170 170 150Albania > Serbia 180 200 200 200 200 210 210 210 210 210 210 120Montenegro > Serbia 350 300 300 300 300 350 450 450 440 400 400 400BiH > Serbia 350 250 250 300 400 350 350 450 500 400 350 350Croatia > Serbia 250 250 200 50 200 300 300 400 400 400 350 300

EX

PO

RT

Serbia > Hungary 450 400 350 450 400 350 500 600 600 600 600 600Serbia > Romania 150 150 100 150 200 200 200 250 230 300 190 220Serbia > Bulgaria 200 200 200 180 200 300 100 200 200 200 250 150Serbia > Macedonia 340 400 400 350 350 450 460 400 430 430 400 400Serbia > Albania 170 200 200 180 170 210 210 210 210 190 210 120Serbia > Montenegro 350 400 400 350 380 450 470 420 460 375 400 400Serbia > BiH 350 300 250 300 400 400 350 450 400 400 310 450Serbia > Croatia 200 250 250 100 300 350 300 350 350 400 350 380

Remark: Sign * means that data is not available

Border+DirectionJune July August September October November December January February March April May2009 2009 2009 2009 2009 2009 2009 2010 2010 2010 2010 2010

Albania signed mining concession agreement (Albania)

Albanian Minister of Economy, Trade and Energy Dritan Prifti signed a mining concession agreement with the Turkish com-pany “Kurum Energy” and Chinese “Sichuan Jiannanchun In-ternational Group Ltd”, ministry reported. The Project is worth around 20 million EUR, and contract has been signed for a pe-riod of 35 years.

Under the agreement, local company has been created, “Illyria Minerals Industry Sh.a”, which will have the right to explore the chrome mine Kalimash, chrome mine Vlahne, chrome enrich-ment plant of Kalimash and copper enrichment plant of Golaj. It is expected that the new company would annually produce around 60 000 tons of ferro-chromium from Kalimash and Vlahna mines. Albania has deposits of chrome and copper near the border with Kosovo.

“This is a good sign that Albania is a very attractive place for foreign investments. A giant Chinese company with a highly prestigious company as Kurum, are joining together to invest

News:

4 billion EUR HPP project (Albania)

Albanian government has signed a 4 billion EUR deal with the Swiss consortium “Rudana Investment Group AG” for construc-tion of refinery and Hydro Power Plants (HPPs) in the next four years. Rudana Investment Group is a European-Persian consor-tium, based in Switzerland.Albanian Minister of Economy, Trade and Energy, Dritan Prifti, said that the aim of the project is to build several HPPs with overall output of 1000 MW. The deal also envisages building a new refinery in Porto Romano and either opening a new port in Vlora or purchase of the existing port.

“We decided to invest in Albania,” vice president of Rudana group, Mr. Hany Salem, said. “The investment will be made mostly in the energy area and in the exploitation and process-ing of crude oil”

§ § §

24


in Albania and develop chrome industry in the country” Minis-ter Prifti said.

§ § §

Start of production in TPP Vlore delayed again (Albania)

Test period of TPP Vlore has been extended once again, and it is postponed till May 20, when the new power plant would start with production of electricity. In the beginning of Febru-ary, it was decided to postpone the start of the production till the beginning of March, due to additional tests.

Power plant has 97 MW output and 112 million dollar project was financed by the World bank (25 million dollars), EBRD (37.5 million dollars) and KESH (12.6 million dollars). TPP has been constructed by Maire Engineering (part of Italian Maire Tech-nimont). It is expected that TPP Vlore could cover 20% of Alba-nian electric energy deficit.

TPP Vlore is oil fired, and it can be connected to natural gas pipeline and easily altered to gas fired. Oil supply will be per-formed by a newly opened Vlore terminal, which is located only 6km from TPP Vlore.

Recently, World Bank has announced a plan to evaluate envi-ronmental impact of TPP Vlore. By this, key environment-im-pact analysis will be evaluated. This resulted by initiative from residents of city Vlore, run in 2007. Main concern of residents is that TPP would have too much impact on the fish industry, tourism and health. The plan also includes evaluation of pos-sible oil leakage.

§ § §

Gamesa to deliver generators to HPP Ashta (Albania)

Spanish Gamesa has signed an agreement with Austrian “An-dritz Hydro” for delivery of generators for Ashta project, com-pany reported. HPP will be equipped with Hydromatrix tech-nology from “Andritz Hydro”

In March, Austrian Verbund has started with works of a new HPP Ashta. HPP will be located on the Drim River, and project is 160 million EUR worth. Concession has been granted for the period of 35 years (including construction period). In first 15 years of operation, electricity will be purchased by KESH. After that period, electricity can be sold into market.

Output of HPP Ashta will be 48 MW, and annual generation is estimated to 242 GWh. This project is a joint venture of Ver-bund and EVN and it is expected that HPP will be operational in 2012. There are already 3 HPPs on Drim: Vau i Dejes, Fuerze and Koman

§ § §

Zarubezneft interested in acquiring the stake in Energopetrol (Bosnia and Herzegovina)

Russian Zarubezneft, parent company of NefteGazInkor, the majority owner of oil companies in Republic of Srpska (RS), is interested in acquiring the stake in Energopetrol. Energopet-rol is the fuel retailer in Federation of Bosnia and Herzegovina (BiH), the one of two entities in BiH.

Slavko Scepanovic, deputy director of Optima Group, a local subsidiary of Zarubezneft, confirmed Zarubezneft’s plans. Sce-panovic said that company would consider options for pur-chase of shares if government of Federation of BiH decides to sell its stake. In this moment, government owns 33 % stake in Energopetrol, while the majority stake is owned by Croatian-Hungarian consortium INA-MOL.

Scepanovic also confirmed that Zarubezneft wants to enlarge its retail network under brand name Nestro in other entity in BiH. Zarubezneft operates 78 petrol stations in RS and 20 in rest of BiH.

§ § §

Slow development of concessions for construction of small HPPs (Bosnia and Herzegovina)

Deputy minister of industry, energy and mining of Republic of Srpska (RS) Ljubo Glamocic confirmed that only one small hy-dropower plant (HPP) was built after government signed 107 concession contracts for construction of small HPPs with 47 concessionaries.

The government should terminate contracts with investors that are unable to complete the projects, Glamocic said. Depu-ty minister said that most of the concessionaires did not under-take any activities related to the projects. According to estima-tions of Concession commission of RS, only 30 % of investors will manage to build planned HPPs.

The first concession contracts for small HPPs were signed in the beginning of 2006. In November 2007, due to reasonable problems, the government prolonged deadlines, but this did not speed up development of the projects. In the end of 2008, government urged responsible ministries and local communi-ties to facilitate construction of small HPPs.

§ § §

EP HZHB speeds up preparations for construction of TPP Kongora (Bosnia and Herzegovina)

Power utility of Herzeg Bosnia (EP HZHB) has intensified prepa-rations for construction of thermal power plant (TPP) Kongo-ra (2x275 MW) by obtaining the location permit for research works.

The start of preparation works for TPP Kongora was approved by the government of Federation of Bosnia and Herzegovina

25


(BiH) in February this year. The future TPP should produce 3 TWh of electricity per year.

General manager of EP BiH Matan Zaric said that up to date re-searches proved considerable lignite reserves in Kongora. The next step in the project will be environmental impact study and public debate on construction of the TPP.

Head of EP HZHB said that company will be able to fund only preparation works, but TPP itself should be built in cooperation with strategic partner. Overall worth of the project is estimated at 1.1 billion euros. The project should create 800 workplaces.

§ § §

EP BiH to build 25 HPPs on Bosnia River until 2025 (Bosnia and Herzegovina)

Power utility of Bosnia (EP BiH) plans to build 25 hydropower plants (HPPs) on Bosnia River until 2025. Overall output of the plants, which will be built between Vogosca and Doboj, should be 350 MW. The cost of the project is estimated at some 500 million euros.

General manager of EP BiH Amer Jerlagic said that future HPPs will be multifunctional facilities, similar to HPPs on Drava and Sava River in Slovenia.

The construction of HPP Vranduk (21 MW), which should be the first of 25 HPPs, should start this summer and it should be completed in five-year period. The cost of this project is esti-mated at 50 million euros.

§ § §

Serbia, RS and Italy signed joint statement for construction of HPPs on Drina River (Serbia & Bosnia

and Herzegovina)

In the end of April in Belgrade, minister of energy and mining of Serbia, Petar Skundric, minister of economic development of Italy, Claudio Scajola, and minister of industry, energy and min-ing of Republic of Srpska (RS), Slobodan Puhalac, signed the joint statement for construction of hydropower plants (HPPs) in middle part of Drina River.

Ministers Skundric and Puhalac also signed an agreement on mutual rights and obligations regarding construction of new HPPs on Drina River.

The projects will be developed by Power utility of Serbia (EPS), Power utility of RS (ERS) and Italian Seci Energia. Minister Scajo-la said that overall power output of three potential HPPs should reach 400 MW. He added that, by this project, Serbia, across Montenegro, would be connected to electricity grid of Italy.

Minister Skundric said that output of future HPPs would be between 380 and 400 MW, while annual electricity production

should stand at 1.5 TWh. The cost of the projects is estimated at 1 billion euros.

Minister Skundric announced that studies related to potential projects would be initiated after signing the abovementioned statements and agreements. The studies should analyze three potential construction sites for future HPPs, i.e. Rogacica, Du-bravica and Tegare. The particular projects should be devel-oped in the next 5-7 years.

In March 2009, ministry of energy and mining of Serbia and ministry of economic development of Italy signed Protocol on cooperation in energy sector, where main priority was produc-tion of electricity from renewable energy sources.

In November 2009, two ministries signed the agreement, which identified the strategic projects, i.e. construction of 10 small HPPs on Ibar River, three HPPs on Drina River, HPP on Sava Riv-er (140 MW) and wind farms (overall output of 500 MW). Over-all power output of potential projects is over 1,000 MW, while overall investments are estimated at 1.5 billion euros.

§ § §

Eight companies purchased documentation in the tender for unit 7 in TPP Tuzla (Bosnia and

Herzegovina)

Local media reported that, until the last week of April, eight re-spectable companies (six from Europe and one from USA and China) purchased documentation in the tender for construc-tion of unit 7 in thermal power plant (TPP) Tuzla. Deadline in the tender was set on May 13, and sources said that another five companies should purchase tender documentation.

The public invitation for strategic partnership was published in the end of March by the Power utility of Bosnia and Herze-govina (EP BiH). The future unit will have 450 MW of electricity output and 320 MW of heat output. The cost of the project is estimated at 840 million euros. According to original plans, the unit should be completed in 2017.

According to plans, EP BiH and strategic partner, which will be obliged to provide 250 million euros for the project, will estab-lish joint venture company. However, EP BIH, i.e. the state, will be 100 % owner of the future unit.

§ § §

ERS: HEP stole 3.87 TWh of electricity from joint hydropower system (Bosnia and Herzegovina)

Executive director of hydropower plants (HPPs) on Trebisnjica River (HET), Blagota Markovic said that, in period November 1994-March 2010 Croatian power utility (HEP), without ap-proval, has taken over some 3.87 TWh of electricity from joint hydropower power system.

26


Markovic said that, according to previous estimations, HEP’s debt on this basis amounted to 95 million euros by mid 2008.

The dispute between Power utility of Republic of Srpska (ERS) and HEP is related to electricity produced in downstream HPP Dubrovnik operated by HEP, which uses water from accumula-tion lake near Trebinje. According to original agreement, 78 % of electricity produced in HPP Dubrovnik should belong to RS, but HEP unilaterally changed this ratio.

Markovic urged for solving the dispute, which has delayed planned investments. He believes that construction of HPP Du-brovnik 2 could be used for settlement of mutual debts.

§ § §

25 % increase in natural gas prices (Bosnia and Herzegovina)

Government of Federation of Bosnia and Herzegovina (BiH) approved 25 % increase in wholesale natural gas prices start-ing from April 1.The increase in prices was earlier proposed by natural gas company BH Gas.

The new wholesale price will be 332 euros/1,000 cbm. The main reason for price increase was increase in import prices and ap-preciation of US dollar, the government said.

§ § §

Sources: Chinese Dongfang Electric Corporation to build TPP Stanari (Bosnia and Herzegovina)

According to unofficial sources quoted by local newspaper, EFT Group and Chinese Dongfang Electric Corporation should sign turnkey contract for construction of thermal power plant (TPP) Stanari on May 5.

Sources also said that output of the TPP Stanari should be re-duced to 300 MW compared to originally planned output of 410 MW, while annual production should reach 2 TWh.

Nenad Savic, communications director of EFT Group, confirmed that EFT would sign contracts with equipment suppliers and constructors for TPP Stanari on May 5. He said that EFT should hold press conference on that day. However, Savic denied com-menting information regarding turnkey contract with Chinese company and reduction of TPP’s output.

If Dongfang Electric Corporation wins the contract for TPP Stanari, it would be the company’s biggest deal in Europe.

As recalled, in February 2008, EFT and government of Republic of Srpska signed 30-year concession agreement for construc-tion of TPP Stanari. According to announcement at the time, TPP Stanari should have been built in 2012.

§ § §

Spanish Electra to build 100 MW wind farm (Bulgaria)

Spanish company Electra Holding plans to build 100 MW wind farm in central Bulgaria. The company said it had already ac-quired land for the project.

Electra has initiated its activities in Bulgaria six months ago. In the end of 2009, the company said it wanted to invest 650 mil-lion euros for purchase and development of renewable energy projects in Bulgaria in period of four years. Electra wants to raise necessary funds from investors.

Company’s officials announced investments in wind, solar, bio-mass and hydropower plants. The company already purchased projects for construction of wind farms with overall output of 480 MW, for 10 MW-biomass power plant and for project for production of 30,000 tons of bio diesel per year.

Spanish company has been active in Spain, Romania and Mex-ico.

§ § §

Russian Sintez to build 200 MW power plant (Bulgaria)

Russian Sintez Group plans to build 200 MW power plant in Bulgaria. The project was discussed by executive director of the company Andrey Karolev and deputy minister of economy, en-ergy and tourism of Bulgaria Maya Hristova during the meet-ing in Sofia.

Sintez has been involved in development of similar power plant in Macedonia. This particular CCGT plant will have 200 MW of electricity output and 160 MW of heat output.

§ § §

Unit 5 in NPP Kozloduy disconnected for regular maintenance (Bulgaria)

On April 26, unit 5 (1,000 MW) in nuclear power plant (NPP) Ko-zloduy was shutdown for the purpose of regular maintenance. The unit will be out of service until mid June.

The maintenance will include repairs, upgrades and moderni-zation of the equipment, the company said. The reactor will be refueled with fresh nuclear fuel for 17th fuel cycle.

The disconnection of the unit was approved by Electricity sys-tem operator (ESO) .The second 1,000 MW unit in NPP Kozloduy has been operating at full power.

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EBRD granted 75 million euros for construction of small HPPs on Iskar River (Bulgaria)

European bank for reconstruction and development (EBRD) will provide 75 million euros for construction of nine small hydro-power plants (HPPs) on Iskar River, in municipalities Svoge and Mezdra. The funds will be used for construction of three small HPPs, and the construction works will start in the beginning of June.

This was agreed in the annex to the agreement signed by EBRD and HPP Svoge, investor in the project. HPP Svoge is the joint venture of Italian Petrolvilla (90 %) and Svoge municipality (10 %).

During the first phase of the project, small HPPs Svrazhen and Lakatnik have been built. Their overall power output is 6.8 MW, while their annual output should stand at 35 GWh.

President of Petrolvilla Group, Sergio Bortolotti, said that com-pany achieved good results after putting in service these two HPPs. Bortolotti hopes that cooperation with EBRD should be continued in period of economic crisis.

Overall cost of the project should reach 115 million euros and the project should be completed in 2014. Overall power output of nine HPPs will be 25.6 MW, while annual output should reach 145 GWh. The project is expected to create 500 new workplaces in the next five years.

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NEK to negotiate direct electricity trade contracts (Bulgaria)

National electric company (NEK) confirmed it had started nego-tiations with electricity companies in neighboring countries in order to achieve transparency in electricity trade.

The first such meeting took place in Greece. Executive director of NEK, Krasimir Parvanov met deputy minister of environment, energy and climate change of Greece Yiannis Maniatis. The meeting was also attended by head of Greece’s energy regula-tor (REA) and commercial director of Public power corporation (PPC)

Two sides discussed potential cooperation in electricity trade without inclusion of intermediaries.

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Bulgargaz: negotiations on new natural gas supply contracts with Gazprom stalled (Bulgaria)

Head of natural gas company, Bulgargaz, Dmitar Gogov said that negotiations on new long-term natural gas supply contract between Bulgargaz and Gazprom have been stalled.

Gogov said that Bulgargaz wants to exclude intermediaries from supply contracts, in accordance to statements in 2009, but

Gazprom export, subsidiary of Gazprom, has been delaying negotiations. CEO of Bulgargaz urged CEO of Gazprom Alexei Miller to speed up negotiations.

In this moment, Bulgaria has been importing natural gas from Russia via three intermediaries, Gazprom export, Overgas and Wintershall. The 1 billion-cbm annual supply contract with Overgas is due to expire in 2010. Other contracts are due to expire in 2011-2012. However, Bulgargaz said that natural gas consumption was reduced by 25 % due to global recession, so that potential termination of the contract would not affect customers. In 2008, Bulgaria spent some 3.5 billion cbm of natural gas.

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IWC Bulgaria granted top investor status for construction of 140 MW wind farm (Bulgaria)

The company IWC Bulgaria VP 5, owned of German compa-nies Siemens and Windkraft Nord, will build 140 MW wind farm Lozenets by 2013.

In the end of April, minister of economy, energy and tourism Traycho Traykov awarded Investor Class “A” status to IWC Bul-garia VP 5.

The wind farm Lozenets will have 59 wind turbines, and it will be built in Krushari municipality. The cost of the project is es-timated at some 200 million euros. Annual output of the farm should reach 350 GWh.

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Indian Suzlon to invest in wind power projects (Bulgaria)

Indian producer of wind turbines, Suzlon, established joint venture company DIV Wind with Volkswind Bulgaria (subsidi-ary of German Volkswind) in order to invest in wind power projects in Bulgaria. In 2009, Suzlon was the world’s third sup-plier of wind turbines in terms of market share.

The management of Suzlon believes that joint venture was im-portant step in their strategy aimed to develop new projects in new regions. The future projects in Bulgaria will exclusively use Suzlon’s turbines.

Suzlon is currently involved in construction of 13 MW wind farm in Bulgaria for one leading industrial client, the company said in press release.

Suzlon believes that Bulgaria is one of the most attractive wind power markets in Eastern Europe. The company estimated that overall wind power output in Bulgaria should reach 3,000 MW in the next ten years. Suzlon said in its release that the market is supported by competitive feed-in tariffs of some 9.6 eurocents/kWh for first 2,250 hours/year and 8.8 eurocents/kWh for the following hours. The tariffs are guaranteed for 15 years.

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Economy minister: new financing model for NPP Belene after selection of strategic partner (Bulgaria)

Minister of economy, energy and tourism Traycho Traykov said that Russian offer for funding the construction of nuclear pow-er plant (NPP) Belene (2x 1,000 MW) could be accepted after selection of strategic partner. Traykov said that Russian side has been informed about this. Traykov also said that main con-struction works in NPP Belene would not start before selection of strategic partner.

Several days earlier, deputy minister of economy, energy and tourism Maya Hristova said that Bulgaria did not ask nor it would accept Russian loan for Belene project. Hristova said that Bulgaria would ask from EU investors to participate in the project. Hristova said this during the round table “The Belene NPP Project and European Energy Security: Bulgarian Dilem-mas”, which was attended by number of politicians and ambas-sadors.

Hristova said that Bulgaria was not involved in negotiations re-garding granting the share in the project to Russia. After Ger-man RWE abandoned the project in last year, Bulgaria is sole owner of the project.

As recalled, in February, Russia offered to provide 2 billion eu-ros loan for NPP Belene until new strategic partner was select-ed. In return, Russia asked for share in the project, which could be later repurchased by strategic partner.

In the related news, minister Traycho Traykov confirmed that six companies took part in the first stage of the tender for con-sultant in Belene project. Two of the candidates are HSBC and Societe Generale. Traykov said that first stage of the tender was completed and that final bids are yet to be submitted. Tender for consultant was published in the second half of February and the consultant should be selected in June.

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Regulator to complete audit in energy sector in two-three months (Bulgaria)

Minister of economy, energy and tourism Traycho Traykov an-nounced that State Energy and Water Regulatory Commission (SEWRC) and State agency for national security (SANS) should completed large-scale audit in energy sector in next two or three months.During the same occasion, minister Traykov announced that new electricity prices should be approved by SEWRC from July 1.

As recalled, the audit was initiated by prime minister of Bul-garia Boyko Borisov in the first half of April. PM announced that audit would refer to three privatized electricity distribu-tors owned by CEZ, E.ON and EVN, National electric company (NEK) and nuclear power plant (NPP) Kozloduy.

Main goal of the audit is the level of investments and final elec-tricity prices set by electricity distributors as well as electricity sale contracts signed by NEK and NPP Kozloduy. PM Borisov

caused upset after he said that some of the distributors did not meet investment targets, and did not treat customers in Bulgaria as any other customers in Europe. In the same time, several media said that Bulgaria could terminate privatization contracts. The alleged nationalization of electricity distributors was later denied by PM Borisov.

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Regulator issued partial approval for rise in electricity tariffs, dispute with the government over heating

tariffs (Croatia)

In the second half of April, Croatian energy regulatory agency (HERA) issued partial approval for increase in electricity tariffs starting from July 1. The rise in tariffs was officially requested by Croatian power utility (HEP).

HERA issued positive opinion regarding proposals for increase in tariffs for electricity production and supply. However, HERA did not approve proposals for increase in electricity transmis-sion and distribution tariffs, which were submitted by HEP-Operator of transmission system and HEP-Operator of distribu-tion system, respectively.

HERA’s opinions are not mandatory, while the government will reach the final decision.

The same day when HERA published its opinions, prime minis-ter Jadranka Kosor announced that electricity prices should be considerably increased during second half of the year.

Local media said that most likely rise in electricity prices should be 17 %, while sources close to HERA said that rise should be 13 %. Electricity prices in Croatia were increased last time by 20 % in July 2008. The first rumors regarding increase in prices emerged after government approved 20 % increase in natural gas prices in the last year.

In Croatia, there are some 2.1 million of households custom-ers, which pay electricity in accordance to four different tariff blocks. The most of the households pay electricity in accord-ance to “white” block, where price of electricity in high and low tariff is 12.5 eurocents/kWh (VAT included) and 6.4 eurocents/kWh, respectively. Households also pay fixed fee of 2.7 euros and fee for renewable energy sources of 0.07 eurocents/kWh. According to official data, average electricity price in Croatia is 9.6 eurocents/kWh (no VAT).

In the same time, HERA issued negative opinion regarding re-quest of natural gas transporter Plinacro, which demanded in-crease in natural gas transmission tariffs.

Several days after HERA issued its opinions regarding electric-ity and natural gas tariffs, HERA issued approvals for rise in heating tariffs in seven cities.

Immediately after HERA issued approvals for increase in heating tariffs, prime minister Jadranka Kosor announced that govern-ment would start procedure for dismissal of entire Managing council of HERA. PM Kosor said that HERA, without informing

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and discussing with the government, decided to issue approv-als for heating tariffs. PM Kosor said that, although HERA was independent body appointed by the parliament, HERA has to be in touch with real life of Croatian citizens.

HERA responded it had acted in accordance to laws, procedures and in accordance to expert’s evaluation. However, HERA once again said that its opinion was not mandatory for the govern-ment.

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INA launched 200 million euros lawsuit against Serbia (Croatia)

Croatian oil industry (INA) has filed lawsuit at the Commercial court in Belgrade against the state of Serbia and demanded 200 million euros compensation and return of all of its assets in Serbia.

After the breakup of former Yugoslavia in 1990s, petrol stations and other facilities owned by INA were transferred to newly es-tablished company Beopetrol, which was later sold to Russian Lukoil. Serbian side claims that INA did not own petrol stations, yet they were social property and INA was just beneficiary. On the other hand, INA said it had established its separate legal en-tity in 1989, where divisions in Serbia were integral part of the company.

The court procedure will be continued in the end of May. Ser-bian media said that INA could also demand termination of pri-vatization contract with Lukoil. In 2003, Lukoil paid 117 million euros for purchase of majority stake in Beopetrol and it later invested some 180 million dollars in the company.

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MOL denies claims on high natural gas prices (Croatia)

Hungarian MOL, strategic partner and holder of managerial rights in Croatian oil industry (INA), denied in press release recent media claims that natural gas prices for industrial cus-tomers in Croatia were 80 % higher compared to neighboring countries.

MOL accused local media on creating negative image of both INA and MOL.Because of that, MOL explained that prices in Croatia were 9-17 % higher compared to neighboring countries, where this was the consequence of higher distribution costs. MOL said that distribution fees in Croatia were double compared to Hungary. In addition, in Hungary, there are five distribution companies compared to 37 in Croatia.

According to MOL’s data, wholesale natural gas price for indus-trial customers in Hungary is 260 euros/1,000 cbm compared to 270 euros/1,000 cbm in Croatia. The storage fees are also similar, 30 and 40 euros/1,000 cbm, but distribution fee in Hun-gary is 20 euros/1,000 cbm, while, in Croatia, this fee stands at

50 euros/1,000 cbm, MOL said. It implies that the final price for industrial customers in Hungary is 310 euros/1,000 cbm, com-pared to 360 euros/1,000 cbm in Croatia.

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Koncar successfully completed tests on its wind generator (Croatia)

Energy company Koncar, i.e. its renewable division Koncar-re-newable sources, said it had successfully completed testing of the first wind generator developed by the company.

The 1 MW wind generator has been tested for year and half and it has been installed on the hill near city of Split. So far, Koncar has invested 10 million euros for development of its first wind generator.

After successful testing, Koncar plans to install another 16 gen-erators on the same location, i.e. 15 generators with 1 MW out-put and one 2.5 MW generator, which is yet to be tested.

The cost of construction of entire wind farm will reach 30 mil-lion euros. The farm should produce 35 GWh of electricity per year, which will bring 3 million euros of annual income for the company. The construction works will start this summer and it will be completed in the end of 2011.

Koncar said that, after putting in service and testing 2.5 MW wind generator, the company would be ready to take part in international wind power market.

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HEP: HPP Lesce to be put in service in June (Croatia)

Croatian power utility (HEP) announced that hydropower plant (HPP) Lesce (42 MW) should be put in service in June, six months after original deadline. The project was delayed due to financial problems.

HPP Lesce will be the first power plant built by Croatia after country became independent in 1990s. The cost of the project, which has been developed in the last five years, is 95 million euros. The new HPP should produce some 100 GWh of electric-ity per year.

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Janaf posted 19.3 % rise in profit in Q1 (Croatia)

The operator of the oil pipeline network, Adriatic pipeline (Janaf ) said it had posted net profit of 3.1 million euros during the first quarter of 2010, which was 19.3 % higher compared to the same period last year.

According to financial reported published on Zagreb Stock Ex-change, overall income reached 13.85 million euros (-18.3 %), while overall expenses reached 9.95 million euros (-27 %). The

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expenses were considerably reduced compared to 2009, due to rationalization measures, the company said.

During the first three months of 2010, Janaf transported 1.4 million tons of oil, which was 28.3 % lower compared to the last year and 18.3 % lower compared to plans. The income from oil transport was reduced by 34.9 %, while income from storage of oil and oil derivatives was increased by 24.8 % and 29.1 %, respectively.

In 2009, overall net profit of Janaf reached 16.4 million euros, which was over double compared to 2008. In the same time, annual oil transport reached 6.9 million tons.

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Koncar to reconstruct substations in Albania (Croatia)

Engineering company Koncar was awarded 8.75 million euros contract for reconstruction of three 220/110 kV substations in Albania, i.e. in Koman, Fierza and Vau Dejes.

Koncar said that this contract confirmed company’s position in this sector in Albania. In the last year, Koncar signed 17.4 mil-lion euros contract for reconstruction of substations in Tirana, Fier and Elbasan.

The latest contract will be funded by European bank for recon-struction and development (EBRD) under project ECSEE APL2, which is aimed to separate Transmission system operator (OST) and electricity producer KESH.

Koncar will manufacture most of the equipment, while con-struction works, installation and putting in service the substa-tions will be entirely carried out by Koncar. The project should be completed in 20 months.

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INA expands network of Euro V petrol stations (Croatia)

Croatian oil industry (INA) announced that Euro V fuels would be available on 94 more petrol stations, so that number of such petrol stations was increased at 134. The expansion will be con-tinued, INA said. In the beginning of April, INA started to sell Euro V fuels produced in its refineries.

In the related news, international consultant Brand finance made a list of biggest corporative brands in Croatia. INA was the second on the list with brand value of 582 million euros.

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E-Two-Energy to build biomass power plant (Croatia)

Croatian-German company E-Two-Energy plans to build bio-mass power plant in Koprivnica-Krizevac County. The plant will use wood residuals and it should be built in two years.

Investors believe that Croatia has excellent biomass potential, especially in the neighborhood of the future plant. The power plant should use some 160,000 tons of wood biomass per year and it should be in operation for 8,000 hours/year.

The cost of the project is estimated at 75-85 million euros, and the funds should be provided by foreign investors. The power output of the future plant was not revealed.

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PPC published a tender for new lignite unit (Greece)

Greek Public Power Corporation (PPC) has launched a tender for a new lignite fired unit in Ptolemais, (Northern Greece). The new unit will have an output of 550-650 MW, while the invest-ment has been estimated to 1.3 billion EUR.

This new unit is included in PPC capacity replacement program, and it is expected that construction would last around 5 years. According to local press, Metka-Kopelouzos group, Alstom and Gek Terna-Babcock have expressed interest for this project.

In Ptolemais, PPC owns large lignite mine. The deadline for bid submission has been set to the 1st of September 2010.

As a reminder, PPC has also published a tender for construction of 800 MW CCGT in southern Greece, Megalopolis.

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Two new TPPs in trial operation (Greece)

Two new private power plants, Heron II Boeotia (GEK-Terna) in Thisbe and Elpedison (ELPE-Italian Edison) in Thisvi , com-menced trial operations. Both units are gas fired.

TPP Heron II (Iron II) has output of 435 MW and it is equally owned by Terna Gek and GDF Suez. IRON II will be fully inte-grated into the system during summer 2010. It is the third pri-vate electricity producer, after Hellenic Petroleum and group Mytilineos.

2nd TPP, Elpedison started trial test of its 420MW combined cy-cle gas turbine (CCGT) in Thisvi. Elpedison,’s CCGT will be fully operational in September.

In related news, Mytilineos Group announced it will launch its second unit at Agios Nikolaos TPP in the end of 2010 or early 2011. Mytilineos Group already operates around 400 MW of thermal capacity in Greece.

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Slovenian company to build solar collectors in Macedonia (Macedonia)

Municipality Strumica and an unnamed Slovenian company have signed a preliminary contract for a long-term cooperation and investments in solar projects in Strumica. Slovenian com-pany also plans to build a factory for production of solar collec-tors in industrial zone of Sacevo, near strumica. Strumica has favorable solar conditions, with 270 sunny days annually.

Mayer of Strumica, Mr. Zoran Zaev, said that overall investment of Slovenian company would be around 15 million EUR.

In January 2010, Macedonian municipality Prilep has issued a location permit for a new solar power plant. The power plant will be built by the domestic company Trust. Photovoltaic pan-els will be spread over 3 acres of land (30 000 square meters), and they would have joint output of 1 MW.

During 2009, a power plant with an output of 11 kW has been put in operation, with annual generation of 22 MWh. According to Macedonian feed in tariffs, electricity is sold to ELEM (Mace-donian Electricity Production Utility), with price of 46 eurocent/KWh.

Recently, six German companies and a representative of the German Ministry of Economy have visited Macedonia and said that they will examine the possibility of investing in photo-voltaic power plants and solar collectors in Macedonia.

For the possible construction of renewable energy resource ca-pacities, German companies demanded transparency, efficient approval of projects, medium and long-term prospects for the development of solar and photovoltaic projects as well as sup-port through preferred tariffs.

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Government canceled subventions for solar collectors (Macedonia)

Macedonian government has cancelled subventions for house-holds, which intend to implement solar collectors or photo-voltaic panels. Ministry of Economy said that funds for finance of solar projects were reduced due to recession. Ministry added that there is a possibility for new subvention program. Amount of 150 000 EUR was planned to be divided to 500 households.

Companies involved in production, sale and installation of so-lar collectors claim that their income has been reduced by 50% comparing to last year, due to cancellation of governmental subventions.

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Macedonian government adopted energy development strategy till 2030 (Macedonia)

Macedonian government has adopted an energy development strategy, which should secure energy supply until 2030.

Two points were studied in strategy. First, basic point envisages basic measures related to energy efficiency, electricity produc-tion and changes in electricity prices (opening of the market). Second point envisages additional measures in energy efficien-cy. According to Minister of Energy, Mr. Fatmir Besimi, 4-5 bil-lion EUR will be needed for the construction of new generation capacities till 2030.

In addition, strategy envisages two options to secure electric-ity supply. First is to build several large TPPs, while second is to construct a Nuclear Power Plant (NPP).

§ § §

Government decided to help citizens with electricity bills subventions (Macedonia)

Macedonian government has decided to help citizens with low income rates to pay electricity bills, by granting 10 EUR help per an electricity bill. 10 EUR help represents around 30-40% of av-erage household bill in Macedonia. Vice Minister of Economy, Mr. Vladimir Pesevski said that 10 EUR subventions should start from August-September 2010.

But still, the main problem for some households in Macedonia is the large debt, since they have not paid their electricity bills for over 10 years. This problem emerged a year ago, when a dis-tribution company started with disconnections from the grid (Austrian EVN purchased distribution company ESM in 2005).

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EPCG: record electricity production in Q1 (Montenegro)

In the first quarter of 2010, Power utility of Montenegro (EPCG) produced record amount of 1.7 TWh of electricity. According to estimations, electricity production in 2010 should be 15 % higher compared to the last year.

Chair of the Board of directors of EPCG, Srdjan Kovacevic said that some 50 million euros has been invested in thermal power plant (TPP) Pljevlja (210 MW) in the last three years. This has re-sulted in increase in power output of the plant by 15 MW, while electricity production was increased by 350 GWh.

EPCG invested some 50 million euros in hydropower plant (HPP) Perucica (307 MW) too, which annual production was in-creased by 50 GWh. Kovacevic announced that company plans to build eighth unit in HPP Perucica. In the same time, EPCG has been making study for revitalization of HPP Piva (340 MW), which should be completed by the end of 2010.

According to Kovacevic, the main problems for EPCG are the low collection rate of electricity bills and high network losses. In this year, the losses should be reduced from 22 % down to 20 %. Kovacevic believes that funds and expertise of strategic partner, the Italian A2A, should prepare EPCG for competition in energy sector.

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Executive director of EPCG Enrico Malerba announced that EPCG would take part in the tender for construction of four HPPs on Moraca River. He added that main goals of the company would be reduction of network losses, production of electricity from renewable energy sources, modernization of distribution grid and reduction of electricity import.

According to preliminary report, EPCG should post 4-5 million profit in 2009. It would be the first positive financial result of EPCG in the last 20 years. In 2008, EPCG posted 7.5 million euros loss.

In 2010, A2A plans considerably to increase the profit of EPCG. According to privatization contract, strategic partner is obliged to post at least 240 million euros of profit in five-year period in order to earn the right to acquire majority stake in EPCG.

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Government: A2A meets contractual obligations regarding privatization of EPCG (Montenegro)

Government of Montenegro confirmed that Italian A2A has been meeting its contractual obligations set in the contract for privatization and recapitalization of Power utility of Montene-gro (EPCG). As recalled, A2A owns 43.7 % of shares in EPCG for which it paid overall amount of 380 million euros in the last year.

Vice prime minister Vujica Lazovic said that new management of EPCG, which took office on March 1, has excellent references and great experience.

Lazovic believes that the first results of the new management were stable business operations and electricity supply as well as intensified activities related to new projects.

Vice PM said that EPCG plans to build new distribution facili-ties and one power line, and to repair several substations and power lines. EPCG also plans to purchase new Automatic Meter Reading (AMR) & Advanced Meter Management (AMM) sys-tem.

Lazovic concluded that recapitalization of EPCG was the main event in the last year. In this way, the government, which pre-served majority stake in EPCG, managed to attract respectable strategic partner that will be able to achieve several key goals such as development of electricity sector, transfer of knowl-edge, as well as maintenance, revitalization, modernization and construction of new power plants.

In the related news, parliament of EPCG rejected proposal of opposition parties regarding establishment of parliamentary investigation committee, the task of which would have been to analyze situation in electricity sector in the country.

Opposition particularly wanted to investigate contract for pri-vatization and recapitalization of EPCG, current situation in EPCG, planned investments in the next five years, bylaw on electricity prices, electricity sale contracts and debts of the largest industrial customers toward EPCG.

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KfW Bank to provide loans for energy efficiency projects (Montenegro)

During the meeting of minister of environment and spatial planning of Montenegro Branimir Gvozdenovic and the first vice president of German KfW Bank Ronald Siler, two officials said that up to date cooperation was excellent. So far, KfW has invested 250 million euros in projects in Montenegro.

Siler reminded that Montenegro would be able to use 80 mil-lion euros loans for projects in energy sector, especially for en-ergy efficiency and renewable energy projects. The bank also offered various technical assistance and transfer of experience and knowledge in the area of green energy projects.

Currently, KfW Bank has been preparing 12 million euros loan for the energy efficiency projects in public buildings in Mon-tenegro.

During the meeting with the vice prime minister of Montene-gro, Igor Luksic, Siler said that KfW could take part in construc-tion of four hydropower plants (HPPs) on Moraca River (over-all output of 238 MW). The bank is certainly interested in this project, where exact model of cooperation is yet to be decided, Siler said,

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Five bids for construction of HPPs on Moraca River (Montenegro)

Ministry of economy said in press release that five bids were submitted in the prequalification tender for construction of four hydropower plants (HPPs) on Moraca River in the end of April. As recalled, prequalification tender was published by the ministry of economy on February 26.

The bids were submitted by the consortium of A2A (Italy) and Power utility of Montenegro (EPCG), Sihohydro Corporation (China), Enel (Italy), Strabag International Gmbh (Germany) and consortium led by Allgemeine Baugesellschaft A. Porr Ak-tiengesellschat (Austria).

Tender commission, headed by minister of economy Branko Vujovic, said that all bids were in accordance to tender crite-ria. It is expected that the commission should select qualified bidders by the end of May, after which they will be invited to submit final bids and they will be allowed to purchase tender documentation.

Minister Vujovic expressed satisfaction with the fact that re-spectable companies expressed interest for the project, which gives confidence for successful implementation of the project.

Project on Moraca River refers to construction of HPPs Andri-jevo (127 MW), Raslovici, Milunovici and Zlatica (37 MW each). Annual output of these HPPs is estimated at some 700 GWh. The HPPs should be built in period of six years, while overall costs are estimated at over 500 million euros. The project is the part of national energy strategy.

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The future strategic partner will operate HPPs under 30-year build-operate-transfer (BOT) concession agreement. The con-cession agreement includes exploration, design, engineering, financing, construction, management, maintenance, revitaliza-tion and transfer of HPPs.

The one of the companies that has been active in Montenegro and that was expected to submit bid was Norway’s Statkraft. Sources believe that Italian companies are favorites in the ten-der having in mind the interstate agreements signed between Italy and Montenegro and recent privatization of EPCG.

In the related news, minister of environment and spatial plan-ning Branimir Gvozdenovic said that ministry should recon-sider option for reducing the altitude of the dam Andrijevo on Moraca River from 285 meters down to 255 meters.

According to some estimations, lower dam would reduce over-all financial benefits of HPPs on Moraca River by 30 %. Accord-ing to analyses made by IFC and Poyry, original project should bring between 470 and 740 million euros of benefits to Mon-tenegro in period of 50 years.

The announcement of minister Gvozdenovic was seen as com-promise having in mind that all environmental and non-gov-ernmental organizations, majority of local communities and the church strongly opposed the project during the recently finished public debate.

On the other hand, minister Gvozdenovic believes that major-ity of the public in Montenegro was in favor of construction of HPPs. He believes that project will bring economic benefits to local communities, which are mostly underdeveloped.

Minister strongly denied claims that project would harm natu-ral environment and bring profit to foreign investors. The main aim of the project is economic and demographic revival of the area and overall progress of Montenegro, where all environ-mental standards would be met, Gvozdenovic concluded.

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Iberdrola develops wind power projects with over 1,500 MW output (Romania)

Spanish Iberdrola said in press release that it has been devel-oping 50 wind power projects in Romania, with overall power output of 1,500 MW. The wind farms should be developed in period 2011- 2017 in Dobrogea.

Iberdrola is also developing 80 MW wind farm near Mihai Vitea-zu, as a project under separate permit. The farm should be put in service in the beginning of 2011.

Iberdrola opened its office Bucharest in the last year. In Roma-nia, company cooperates with Eolica Dobrogea in wind farm projects. Eolica Dobrogea is in charge for development of the projects and for obtaining the permits, while Iberdrola is in charge for construction and operation of the farms. Iberdrola is also one of six investors involved in development of units 3 and 4 in nuclear power plant Cernavoda (700 MW each).

According to estimations of electricity transmission company Transelectrica, overall power output in wind farms in Romania should reach 3,000 MW by 2017. In 2012, wind farm output should each 1,500 MW.

Several studies imply that Romania has the highest wind pow-er potential in Southeastern Europe of some 14,000 MW. So far, Romania has only 15 MW in wind farms.

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Economy minister: Romania to join South stream project (Romania)

Minister of economy Adrien Videanu said that, one way or an-other, all large natural gas projects that have been developed in this part of Europe such as South stream, Nabucco and AGRI (Azerbaijan-Georgia-Romania Interconnection), would pass through Romania. Minister Videanu said that Romania and Rus-sia have open dialogue regarding South stream project. The statement of the minister came after CEO of Russian Gazprom Alexei Miller said that South stream pipeline, which is being developed by Gazprom and Italian Eni, would not be built across Romania. Miller said that only the extension of South stream pipeline could be built toward Romania.

Romania is one of six countries that have been developing Nabucco pipeline, which main purpose was to reduce depend-ence on natural gas supplies from Russia. Because of that, Ro-mania has been reluctant for quite a while to take part in South stream project, which was generally considered as direct com-petitor to Nabucco.

Russia has already signed interstate agreements related to South stream project with Bulgaria, Serbia, Hungary, Greece, Slovenia, Croatia, and recently with Austria. The pipeline will be 900 km long and its capacity should be 63 billion cbm per year. It should be built in 2015.

§ § §

Unit 1 in NPP Cernavoda to undergo one month maintenance in May-June (Romania)

Unit 1 (700 MW) in nuclear power plant (NPP) Cernavoda will undergo one-month maintenance during May and June. This was announced by Nucelarelectrica, the operator of NPP Cer-navoda. Two 700 MW units in NPP Cernavoda produce some 20 % of electricity in Romania.

Pompiliu Budulan, general manager of Nuclearelectrica, said that works would be done under eight-year maintenance con-tract signed by Nuclearelectrica and General Electric in Janu-ary. The worth of the contract is set between 90 and 146 million dollars.

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In the related news, Nuclearelectrica confirmed that unit 1 was switched off due to malfunction on April 19. The company said that all security systems worked as designed.

§ § §

NPP Cernavoda produced 2.91 TWh of electricity in Q1 (Romania)

Nuclearelectrica, the operator of nuclear power plant (NPP) Cernavoda (2x700 MW), said that NPP has produced 2.91 TWh of electricity during the first quarter of 2010, which was 4.6 % lower compared to the same period last year. NPP Cernavoda produces some 20 % of electricity in Romania.

§ § §

Competition council started probe on establishment of integrated energy companies (Romania)

Competition council (CC) said it had initiated probe on founda-tion of two integrated energy companies, Electra and Hidroen-ergetica, in order to evaluate their impact on the market.

President of CC Bogdan Chiritoiu said that CC wants to establish whether operation of two companies could lead to restriction, removal or distortion of competition on the electricity market.

As recalled, in January this year, the government of Romania officially approved establishment of two national energy com-panies. Electra will include energy complexes Turceni, Rovinari and Craiova, Nuclearelectrica, Hidroelectrica’s branches Ram-nicu Valcea, Sibiu and Targu Jiu and National lignite company Oltenia (SNLO).

Hidroenergetica will incorporate Electrocentrale Deva, Electro-centrale Bucharest, thermal power plant Paroseni, Hidroelectri-ca’s subsidiaries in Bistrita, Buzau, Cluj, Curtea de Arges Hateg, Iron Gates, Oradea, Sebes and Slatina and National coal com-pany (CNH). After this restructuring, Hidroelectrica will cease to exist.

The government also announced that general manager of Energy complex (EC) Craiova, Constantin Balasiou, will be the head of Electra, while current head of Hidroelectrica, Mihai David, will be the head of Hidroenergetica.

Government believes that restructuring of energy companies should lower prices for end customers, while the companies will be able to compete on regional market.

§ § §

Government considers selling minority stakes in energy companies (Romania)

Government of Romania plans to sell its stakes in energy com-panies in the next three months. The particular plans refer to 12.6 % stake in oil and natural gas company Petrom, the largest company in Romania, 15 % stake each in natural gas transporter Transgaz and in electricity transmission company Transelectrica and shares in natural gas producer Romgaz. The government should also sell stakes in Conpet and Oil terminal, while estimated income from sale should reach 1 billion euros.

§ § §

Romgaz to get involved in electricity production (Romania)

Minister of economy Adrien Videanu said that ministry would support natural gas producer Romgaz to get involved in elec-tricity production. Minister said that Romgaz should find part-ners for such projects and invited investors to cooperate with state-owned natural gas producer.

Two years ago, Romgaz announced it should enter electricity market, but it still did not initiate any projects.

§ § §

State to reduce its stake in future units 3 and 4 in NPP Cernavoda (Romania)

Minister of economy Adrien Videanu announced that state should reduce its stake in EnergoNuclear, the project company for construction of units 3 and 4 (700 MW each) in nuclear pow-er plant (NPP) Cernavoda.

Minister said this was his personal opinion, where move would be aimed to increase competition in electricity production sec-tor.

In this moment, the state holds 51 % stake in the project, while the rest is owned by Enel, RWE, CEZ, GDF Suez (9.15 % each), Iberdrola and ArcelorMittal Romania (6.2 % each).

According to latest estimations, the units, which should use CANDU 6 technology, should be built after 2016. Overall cost of the project is estimated at 4 billion euros.

§ § §

Hidroelectrica posted 163 million euros of turnover in Q1 (Romania)

The largest electricity producer in the country, Hidroelectrica, posted 163 million euros of turnover in the first quarter of 2010, which was 17 % higher (in local currency) compared to

35


the same period last year. The increase in turnover was the con-sequence of increased production and higher sale prices.

In the first three months of 2010, Hidorelectrica’s electricity production was increased by 6.6 % up to 4.2 TWh. In the same period, the gross profit reached 43.8 million euros, which was higher 2.7 times compared to the last year.

§ § §

Rompetrol to build 150 MW power plant at Petromidia (Romania)

Oil company Rompetrol, majority owned by Kazakhs’ state owned oil company KazMunaiGaz, plans to build 150 MW natu-ral gas fired power plant at the site of Rompetrol’s Petromidia refinery. This was confirmed by financial director of Rompetrol Group Dmitri Grigoriev.

100 MW part of the output will be used for company’s inter-nal consumption. The cost of the project, which is now in study phase, is estimated at 100 million euros.

Grigoriev also said that company posted cumulative loss of 400 million dollars in the last three years. He said that company was doing everything to avoid layoffs. However, Grigoriev said that company would be unable to pay obligations toward the state budget of some 580 million euros, unless the debts were repro-grammed in the next 3-4 years.

§ § §

Government to restart negotiations over PEOP (Romania)

Minister of economy of Romania Adrien Videanu announced that Romania would soon restart negotiations regarding de-velopment of Pan European oil pipeline (PEOP) and that the project should be joined by Kazakhstan and Azerbaijan. Vide-anu said Kazakhstan and Azerbaijan are interested in oil ex-port.

Romanian minister also hopes that Croatia would change its current standpoint and that Italy would finally show interest in PEOP project.

In February this year, Serbia and Romania decided to continue activities in the project by themselves, after Croatia decided temporarily to freeze its participation in the project in January this year.

As recalled, development of PEOP was initiated by Romania, Serbia, Croatia, Slovenia and Italy. The ministerial declaration regarding the project was signed by the representatives of the five countries and EU in April 2007.

The pipeline should connect Constanta (Romania) and Trieste (Italy) and the pipeline is aimed to transport crude oil from Rus-sia and Caspian region to EU. The PEOP, one of priority projects

set by European commission, should be 1,400 km long. The pipeline should transport 60 million tons of oil per year, where cost of the project should amount to 3.2 billion euros.

§ § §

Government announced public private partnership for new projects in energy sector (Romania)

Minister of economy Adrien Videanu said that several large en-ergy companies, such as RWE, CEZ, GdF Suez, Enel, as well as companies from China and Japan had expressed interest for public private partnership in projects in energy sector. Overall worth of these projects is 3 billion euros.

Two future integrated energy companies, Electra and Hidroen-ergetica, which should be officially established in this year, will take special role in construction of new power plants.

Electra should invest 1.7 billion euros for construction of two 500 MW power plants, while Hidroenergetica should invest 133 million euros for construction of hydropower plants (HPPs) on Olt River, 754 million euros for HPPs on Somesul Mare River, 245 million euros for HPPs on Aries River and 324 million euros for HPPs on Buzau River.

Minister Videanu believes that establishment of two integrated companies would correct flaws in the system. He also said that reduction of state’s ownership in energy companies along with public private partnership should increase market competi-tion.

Minister Videanu called for development of long-term energy strategy, i.e. for period of at least 20 years. In this way, the strat-egy would not be changed after each election cycle. Videanu said that government has been currently revising energy strat-egy and that it should be voted by law.

§ § §

Electrica to build 50 MW wind farm near Constanta in 2011 (Romania)

Electricity distributor Electrica said it would put in service its first 50 MW wind farm in Chirnogeni, Constanta County in mid 2011.

During incoming months, Electrica will publish tender for pur-chase of wind turbines. Electrica said that construction works in Chirnogeni could even start in this year, in case of favorable weather conditions.

Electrica has been developing two more wind farm projects, with 50 MW output each, in Frumusita (Galati County) and Sacele (Constanta County). Tenders for these projects should take place in the first half of 2012.

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Wind farm in Sacele will be built in cooperation with SC Holrom Renewable Energy LLC, while two other farms will be 100 % owned by Electrica.

Apart from construction of 150 MW in wind farms, Electrica plans to build 200 MW biomass power plant and 25 MW hy-dropower plant. These two projects are currently in feasibility study phase. The investments in renewable energy sources are aimed to meet company’s demand for green certificates.

§ § §

Petrom delays share capital increase (Romania)

The largest company in Romania, OMV Petrom, decided to postpone share capital increase of 49 million euros during this year, but the capital should be increased by up to 685 million euros in 2011. The current market capitalization of Petrom stands at 1.37 billion euros.

The capital increase in aimed to provide funds for investment program. Petrom plans to invest 1.2-1.5 billion euros per year for sustainable development and for company’s growth in in-coming period.

Petrom should invest some 1.7 billion euros in 2010, or some 67 % higher compared to 2009. 51 % of the investment budget will be spent for exploration and production activities, 25 % of the funds will be spent in natural gas and electricity sector, while 15 % of funds will be spent in refining sector. The rest of 9 % of the funds will be invested for corporate and marketing activities.

§ § §

CEZ to put in service wind farm Fantanele in September (Romania)

Czech CEZ should put in service wind farm Fantanele very soon. This was said by Juan Saez Palacios, business develop-ment director of CEZ Group in Romania during energy seminar in Bucharest. The electricity production in wind farm should start in September, while entire farm should be completed in 2011. According to the latest information, CEZ has installed 70 wind turbines in Fantanele.

The wind farm Fantanele, along with wind farm in Cogelac, will have 240 turbines (139 in Fantanele and 101 in Cogelac) and overall output of 600 MW. It will be the largest onshore wind farm in Europe. The cost of the project is estimated at 1.1 bil-lion euros.

Minister of economy of Romania Adrien Videanu confirmed that investors have submitted requests for construction of even 23,000 MW in wind farms, which is far above technical capabilities of national electricity grid.

General manager of electricity transmission company Transe-lectrica, Adrian Baicusi believes that, according to optimistic scenario, some 600 MW of output in wind farms should be con-

nected to grid in this year. Apart from CEZ, wind farms are be-ing built by Enel (200 MW) and Energias de Portugal (90 MW). In the next year, Petrom and Spanish Iberdrola should start construction of wind farms. So far, Transelectrica has issued approvals for connection of 4,023 MW in wind farms.

§ § §

NIS and NefteGazInkor signed Memorandum of understanding (Serbia)

Oil industry of Serbia (NIS) and Russian NefteGazInkor, a sub-sidiary of Zarubezneft and majority owner of oil companies in Republic of Srpska (RS), signed Memorandum of under-standing in mid April.

The MoU envisages joint geological researches and pro-duction of hydrocarbons in RS and in the rest of Bosnia and Herzegovina. Two companies will soon establish joint work-ing group, the press release of NIS said. The main task of the working group will be technical and economic analyses of potential projects and potential establishment of joint ven-ture company.

§ § §

Competition commission warned Srbijagas on monopoly (Serbia)

Council of Competition commission (CC) has issued warning to natural gas company Srbijagas regarding abuse of market power. Council demanded from Srbijagas to undertake nec-essary actions in order to enable competition in natural gas market, i.e. not to limit or hinder competition.

CC said it will monitor Srbijagas’s behavior in the future, and if necessary, it will launch procedures in accordance to Com-petition law.

According to CC, Srbijagas does not allow network access to third parties due to lack of rules regarding transport and dis-tribution of natural gas. CC said that adoption of these rules was obligation of Srbijagas in accordance to Energy law.

CC also said that Jugorosgas, a joint venture of Srbijagas and Gazprom, has access to natural gas network, which implies that Srbijagas has double standards.

Commenting the warnings made by CC, director of Srbija-gas Dusan Bajatovic said that Srbijagas has been operating in accordance to laws so that accusations made by CC were groundless. Srbijagas has monopolistic position in this mo-ment, but only until new regulations were adopted. Bajatovic added that Jugorosgas was never involved in transport of natural gas in Serbia. In the same time, all natural gas distrib-utors in Serbia are allowed to purchase natural gas on equal terms, so that Srbijagas does not have monopolistic position in distribution sector, Bajatovic concluded.

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Head of Srbijagas believes that full liberalization of natural gas market should be possible not before 2012. The company has started procedure for unbundling of particular activities (trans-port, management of the system, distribution and storage) in accordance to regulations in EU, Bajatovic said. This is one of the reasons why EBRD will grant loan to Srbijagas, which would be used for construction of new storage facility. In 2010 and 2011, Srbijagas will also receive financial help from IPA funds for technical assistance in order to carry on restructuring as soon as possible.

In the related news, Bajatovic said that natural gas for the next heating season was being pumped into the Banatski Dvor fa-cility. In the end of April, Russian partners will start to deliver technical natural gas, necessary for operation of the facility. The capacity of the facility will be between 300 and 450 million cbm after the first stage of construction was completed. The facility will provide 60-day reserves of natural gas for households and heating plants. Bajatovic announced that Srbijagas would sign contracts with natural gas suppliers in Hungary, so that they could use natural gas from Banatski Dvor in case of need.

Bajatovic said that new storage facility in Serbia, with capacity of 1 billion cbm, should be built near Itebej by the end of the year. Worth of the facility in Itebej is 105 million euros, where Srbijagas received 70 million euros loan from EBRD for this project.

§ § §

EPS posted 90 million euros loss in 2009 (Serbia)

Power utility of Serbia (EPS) confirmed it had posted some 90 million euros loss in the last year. EPS said that despite record electricity production and considerable reduction in expenses during 2009, the company posted negative financial result, mostly due to unpaid electricity bills. However, EPS said it had posted some 108 million euros of profit from current opera-tions in 2009.

In 2009, EPS achieved record production of 36.1 TWh of elec-tricity, which was 1 TWh higher compared to 2008.

In 2009, EPS’s business expenses were 8 % or 130 million eu-ros lower compared to 2008. In case of including inflation rate, EPS’s business expenses in 2009 were 19 % or 330 million euros lower compared to 2008.

Electricity export in 2009 stood at 1.5 TWh, which was 1.2 TWh higher compared to previous year. The high electricity export resulted in 35 million euros increase in income. During 2009, electricity import was 0.2 TWh lower compared to 2008, while related expenses were 18 million euros lower. In the end of 2009, EPS reduced number of employees by 1,038 compared to previous year.

EPS pointed out that the good results were achieved despite the fact that electricity prices have been unchanged during 2009. The company warned that current tariffs, along with rationali-zation of expenses, would cover only operational expenses, but would not provide funds for new investments.

§ § §

EPS produced 10.1 TWh of electricity in Q1 (Serbia)

Deputy general manager of Power utility of Serbia (EPS) Zoran Manasijevic confirmed that EPS had produced 10.1 TWh of electricity during the first quarter of 2010, which was close to plans. During the same period, electricity consumption was 0.7 % higher compared to 2009.

Thanks to favorable hydrology and market demand, EPS sold 121 GWh of electricity on free market during the same period, Manasijevic said. The electricity export was 60 % higher com-pared to 2009, while the same trend should be continued dur-ing April, deputy said.

Manasijevic believes that company will meet production target in this year, while regular maintenance works will be adjusted in accordance to available funds.

In a separate occasion, Chair of the Management board of EPS Aca Markovic said that EPS exported 400 GWh of electricity during period January-April. In the same time, minister of en-ergy and mining Petar Skundric said that EPS should post 3 % increase in electricity production in 2010. The similar increase was reported in 2009.

§ § §

Electricity distributor in capital to cut supply to debtors (Serbia)

In the end of April, electricity distributor in capital Belgrade, EDB, announced it has started campaign for disconnection of customers with unpaid bills. Overall debts amounted to 150 million euros, where 70 million euros is owed by households, while the rest is owed by companies.

In the same time, minister of energy and mining Petar Skun-dric announced stricter measures in order to increase collection rate of electricity bills. Minister once again said that electricity prices in Serbia are among the lowest in the region.

§ § §

EPS and Seci Energia to build ten HPPs on Ibar River (Serbia)

In the end of April in Belgrade, general manager of Power utility of Serbia (EPS), Dragomir Markovic and president of Seci Ener-gy Gaetano Maccaferri signed the Protocol for construction of small hydropower plants (HPPs) on Ibar River. The protocol was signed during the meeting of minister of energy and mining of Serbia Petar Skundric and minister of economic development of Italy Claudio Scajola.

The Protocol refers to construction of ten small HPPs with over-all power output of 103 MW and annual production of 420 GWh. The worth of the project is estimated at 285 million euros.

The joint venture company for the project should be estab-lished in June. Minister of energy and mining of Serbia Petar

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Skundric said that Seci Energia should hold 51 % stake in the joint venture and it would be obliged to provide entire funds for the project. EPS should be involved in technical and infra-structural preparations for the project.

The feasibility study showed that construction of HPPs on Ibar River is justified and economically feasible. The project docu-mentation should be completed by the end of the year, while construction works should start in next 3-4 years. According to plans, electricity produced from future HPPs will be exported to Italy at privileged prices.

§ § §

Serbia considers joining Belene project (Serbia & Bulgaria)

Prime minister of Serbia Mirko Cvetkovic said that government of Serbia has been considering offer of government of Bulgaria regarding taking part in construction of nuclear power plant (NPP) Belene.

PM said this after the meeting with PM of Bulgaria Boyko Boris-ov. He also said that experts have been analyzing project docu-mentation of NPP Belene.

Several days after the statement of Serbian PM, minister of economy, energy and tourism of Bulgaria, Traycho Traykov con-firmed that Serbia has expressed interest in construction of NPP Belene.

§ § §

Srbijagas completed construction of important natural gas pipeline (Serbia)

Natural gas company Srbijagas confirmed it had completed construction of bidirectional pipeline Gospodjinici-Banatski Dvor. The pipeline was built by local company NIS Naftagas in period of 18 months and the cost of the project was 11.1 mil-lion euros.

The pipeline was put in trial operation in the end of April. The pipeline is the integral part of the underground storage facil-ity Banatski Dvor and it will connect the facility with the rest of the natural gas network. During winter, the pipeline will deliver natural gas stored in the facility to the customers, and, during summer, the pipeline will pump natural gas into the facility.

Srbijagas also confirmed that new compressor for Banatski Dvor facility was already manufactured by US A.G. Equipment Company. The compressor, with 1.7 million cbm of daily capac-ity, should be delivered in June.

In the related news, Jugorosgas, a joint venture of Gazprom (51 %) and Srbijagas (49 %), published the tender for construction of 51km pipeline between cities Nis and Leskovac, in southern Serbia. Jugorosgas invited potential constructors to submit their bids until May 28.

§ § §

Energy minister: 9 billion euros to be invested in energy sector (Serbia)

Minister of energy and mining Petar Skundric announced once again that some 9 billion euros should be invested in energy sector in Serbia during next 5-7 years. This would be the best development period in last 30 years, minister said.

Some 5 billion euros should be invested for construction of new facilities, while 4 billion euros will be invested for reconstruction of existing ones. This amount does not include investments in renewable energy sources, Skundric said.

Minister said this during official inauguration of new 110kV substation in city of Nis. The worth of this investment was 2 mil-lion euros.

Speaking at the same occasion, minister Skundric said that analyses regarding potential construction of natural gas fired power plant in Nis were under way. According to plans, inter-connection natural gas pipeline between Serbia and Bulgaria will be built close to Nis. The project will be supported by EU, where Bulgaria was already granted 60 million euros from EU funds for its part of the pipeline.

§ § §

NIS to terminate production of leaded gasoline (Serbia)

Oil industry of Serbia (NIS) should sell all of its stocks of leaded gasoline by the end of June and it should terminate production of this type of fuel. This was said by Ljubica Simic, director of Pancevo refinery, one of two oil refineries of NIS. Simic said that incoming liberalization of oil market and en-vironmental issues were the main reasons for the abovmen-tioned decision.

Serbia, along with Montenegro and Bosnia and Herzegovina, is the only country, which uses leaded gasoline.

The termination of production of leaded gasoline was an-nounced by deputy director of NIS Petrol, Oleg Shalimov in March. He said that trial production of unleaded gasoline should start in Pancevo refinery in this year.

§ § §

Srbijagas: customers owe 220 million euros for natural gas bills (Serbia)

Director of natural gas company Srbijagas Dusan Bajatovic said overall debts of customers toward Srbijagas amounted to 220 million euros.

Heating companies owe some 100 million euros for delivered natural gas, where the largest part, or some 55 million euros, was made by the heating company in capital Belgrade. During

39


the press conference, Bajatovic said that current heating tariffs in Serbia could not cover fuel costs.

Head of Srbijagas believes that issue of debts should be jointly resolved by the government, local communities, heating com-panies and Srbijagas.

Bajatovic announced that, in accordance to the agreement with government of Serbia, Srbijagas would postpone increase in natural gas prices during this year as long as possible. The increase in prices will mostly depend on dollar and euro ex-change rates.

In the end of April, Srbijagas managed to pay all of its debts for natural gas import. In 2009, Srbijagas’s overall expenses for import of natural gas reached 660 million dollars. During the last heating season, natural gas consumption reached 540 mil-lion cbm, which was some 100 million cbm higher compared to 2008/2009 season, Bajatovic said.

§ § §

Tenders for construction of new thermal power plants delayed (Serbia)

Local media reported that tenders for construction of thermal power plant (TPP) Kolubara B (700 MW) and unit 3 (700 MW) in TPP Nikola Tesla B should be most likely delayed. The overall worth of these projects is estimated at 1.6 billion euros.

As recalled, public invitations for expressions of interest for two power plants were published in January last year. In May last year, Power utility of Serbia (EPS) selected list of eligible bid-ders. AES, CEZ, Edison, EnBW were selected as potential part-ners for construction of TPP Kolubara B, while these four com-panies along with RWE were selected as potential partners for construction of unit 3 in TPP Nikola Tesla B. Later that year, AES and EnBW abandoned projects due to financial crisis. In De-cember 2010, EPS decided to prolong deadlines at the request of potential bidders.

EPS and the government of Serbia expected that strategic part-ners would be selected by June this year, but according to latest information, the bids are yet to be submitted. Sources said that tender procedure should be delayed until September this year. Officials from ministry of energy and mining said that main rea-son for delays is the global financial crisis.

Recently, Czech CEZ announced it would abandon all projects in Balkans for the time being, which implies that only Edison should be potential candidate for TPP Kolubara B, while Edison and RWE should compete for the project in TPP Nikola Tesla B.

According to original plans, EPS will own between 20 and 49 % stake in new power plants. The first unit in TPP Kolubara B should be built by 2014, while the second unit should be in service in 2015. In 2016, unit 3 in TPP Nikola Tesla B should be built.

§ § §

NIS and private fuel retailers to reach cooperation agreement (Serbia)

Association of private fuel retailers announced it was ready to sign long-term contracts with Oil industry of Serbia (NIS) for re-finement of crude oil as well as for delivery of oil derivatives after liberalization of oil market in 2011. In this way, association of fuel retailers, which operates network of 450 petrol stations, wants to reduce import expenses and to lower price of oil de-rivatives for end customers.

Private fuel retailers said they are ready to operate NIS’s petrol stations under franchise contracts. Sources said that NIS could be ready for this kind of cooperation.

Local experts believe that cooperation agreement would be beneficial for both sides. NIS would preserve its wholesale mar-ket, while private fuel retailers would not be forced to purchase oil derivatives abroad, most likely at higher prices.

In the past several months, private fuel retailers and NIS have been arguing over refining costs. In the same time, NIS lowered prices of oil derivatives on its petrol stations, and private retail-ers claimed that this was abuse of market power.

In this moment, NIS holds monopoly on import of derivatives (apart from euro diesel) as well as monopoly on oil refinement.

§ § §

Company / organization: ERS, Bosnia and Herzegovina

Reconstruction of the Waste Water Treatment System in TPP Ugljevik

Content: This invitation for bids follows the general procure-ment notice for this project that appeared in UN De-velopement Business on June 25, 2008 and in papercopy on July 16, 2008.

Bidding will be conducted through the internation-al competitive bidding procedure specified in the World Bank’s Guidelines: Procurement under IBRDLoans and IDA Credits, and is open to all bidders from eligible source countries as defined in the guidelines.

Interested eligible bidders may obtain further infor-mation from Elektroprivredaof the Republic of Srp-ska – Project Implementation Unit, Banja Luka Petra I Karadjordjevica 83 A/ II and inspect the bidding documents at the address given below from 8.00 am to 3.00 pm.

More details: www.ers.ba/images/stories/oglasi/ug-ljevik_mart2010_eng.pdf

Deadline: 18 May 2010, 13:00 hrs, local time

Contact: Contact:Mr. Milan BejatTel: +387 51 215 658Fax: +387 51 215 667Email: [email protected]

Tenders:

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Company / organization: EPCG, Montenegro

Overhaul of power stations

Content: EPCG has published a tender for overhaul of follow-ing distribution power stations (transformers):

35/10.5 kV35/0.4 kV10/0.4 kV

Value of the contract is estimated to 750 000 EUR

Deadline: 13 May 2010

Contact: Mrs. Mira Novosel,Tel: +382 20 408 384Fax: +382 20 408 353Email: [email protected]

Company / organization: Elektroprivreda BiH, Bosnia and Herzegovina

AMR / AMM system implementation

Content: Elektroprivreda BiH has published a tender for se-lection of best bidder for “Implementation of the system for remote reading and control of electricity meters (AMR / AMM system ) at eight transformers area in electro distributive affiliates of JP Elektro-privreda BiH d.d. Sarajevo.


Contact: Mrs. Habiba DurmoTel: +387 33 751 441Fax: +387 33 751 407Email: [email protected]

Company / organization: HEP, Croatia

Steam coal for TPP Plomin

Content: HEP has published a tender for purchase of steam coal in the quantity of approx. 845 000 metric tons.

Deadline: 04 May 2010, 13:00 hrs

Contact: Mr. Dalibor BlazevicFax: +385 1 6171 296Email: [email protected]

Company / organization: HEP, related Croatia

Supply of fuel Oil

Content: HEP has published a tender for purchase of 100 000 mt fuel oil to be delivered on DES Zadar, Gazenica Port, tanker berth basis.

Instructions for tenderers containing all information necessary for the preparation of tenders can be ob-tained at the following address: Hrvatska Elektroprivreda d.d., Ulica grada Vukovara 37, Zagreb, Fax: +385-1-6171-296, Email address:[email protected] [email protected]


Company / organization: PPC, Greece

Consulting services for the implementation of operational efficiency improve-ments in Mines

Content: . PPC has launched an international open procedure call for tenders with sealed tenders, for selection of a contractor for the project “consulting services for the implementation of operational efficiency improve-ments in Mines Bu”. The project has an estimated budget of 300 000 EUR, plus VAT. The above budget constitutes an upper limit for the tenders.

The award criteria shall be the most technoeconom-ically advantageous proposal/offer according to the procedure described in the Article 6 of the docu-ment “Bidding Terms and Procedures”

Deadline: 07 June 2010, 11:00 hrs, local time

Contact: Mr. John Ioakeim+ 30 246 10 930 66Ms. Anna Siganou+30 210 510 [email protected]

Company / organization: EBRD, related Serbia

Announcement: EPS: Consultancy Services, Services, Works, Goods

Content: EPS has applied for a loan from the European Bank for Reconstruction and Development towards the cost of modernizing the electricity distribution in-frastructure in Serbia to enable EPS to reduce losses, improve the quality and reliability of supply, and im-prove energy efficiency.

The proposed project has a total estimated cost of 80 million EUR, of which 40 million EUR is proposed to be financed by the EBRD, and 40 million EUR by the European Investment Bank (EIB). The project will require the procurement of the following consultan-cy services, goods, works and services to be funded by the EBRD for:1. Goods and related services for purchasing of me-tering equipment for medium voltage, and the in-stallation of the aforementioned items;2. Goods and related services for purchasing of me-tering equipment for low voltage with remote read-ing and remote disconnection capabilities, and for cables, poles, metering boxes, and auxiliary equip-ment for the installation of the aforementioned items;3. Supplies and services for supply, implementation and training of hardware and software with the ca-pabilities of remote management, remote reading, and a measurement database4. Consulting services to support the Project Imple-mentation Unit established by EPS.Tendering for contracts under 4. above is expected to begin in the third quarter of 2010, and for the rest of the Project in the second quarter of 2010.

Deadline: 17 February 2011 at 23:00, Belgrade time

Contact: EPS, Balkanska 13Belgarde 11000, SerbiaEmail: [email protected]: +381 11 3611 434Fax: +381 11 3611 908

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Company / organization: EBRD, related Serbia

Announcement: Srbijagas - Services, Works, Goods

Content: Srbjiagas intends using the proceeds of a loan from the European Bank for Reconstruction and Develop-ment for a project to optimize its capital structure through replacing emergency bridge loans with long term financing; undertake urgent works aimed at preserving the pipeline network integrity, and build a new underground gas storage facility. The proposed project, which has a total estimated cost of EUR150 million equivalent, will require the procure-ment of the following goods, works and services:

- Works: Pipeline network rehabilitation, including environmental protection and safety upgrade; and construction of a new underground gas storage fa-cility- Goods: Components for the pipeline network reha-bilitation (pipes, valves and fittings); Equipment and components for the new underground gas storage facility- Consultancy services: PIG survey fitness for pur-pose study; PIU support including procurement; Ba-sic design for the underground gas storage facility; feasibility study for storage/design/preparation of tender documents; feasibility study for interconnec-tion; Integrated Strategic Expansion plan study for Srbjiagas; and a Lenders Technical Monitor

Tendering for the above contracts is expected to begin at the end of the first quarter of 2010 for the consultancy services, and during the third quarter of 2010 for goods and works contracts.

Deadline: 17 February 2011, Belgrade time

Contact: JP Srbijagas, 12 Narodnog Fronta,21000 Novi Sad, SerbiaTel: +381 21 481 2703Fax: +381 21 481 4305 Email: [email protected]

Company / organization: EBRD, related Bulgaria

Announcement: Energy efficiency rehabilitation at Martisa East mines

Content: . “Mini Maritza East” EAD (the “Employer”) intends using the proceeds of the grant funds provided by the “Kozloduy International Decommissioning Sup-port Fund” (the “KIDSF”), administered by the Eu-ropean Bank for Reconstruction and Development (the “Bank”) and of its own financial sources towards the cost of design, implementation and consultancy services for:

A. Construction (Supply and Installation of Plant and Equipment) of on-line load control of the operation of the belt conveyors and excavators at “Mini Mar-itza East” EAD, Bulgaria.

It shall include design, engineering, procurement, delivery, construction, installation, pre-commis-sioning and commissioning of on-line load control system (including software) to overburden removal, transportation and spreading facilities of Troy-anovo-1, Troyanovo-North and Troyanovo-3 Mines.The procurement of the contract is expected do be-gin in the beginning of the second quarter of 2010.

B. Rehabilitation (Supply and Installation of Plant and Equipment) of the power supply system thatshall include design, engineering, procurement,

Content: delivery, construction and installation of plant and equipment of 4 off installation platforms required for the construction of new mobile sub-stations20/6 kV and their transfer in Troyanovo-North Mines at “Mini Maritza East” EAD, Bulgaria

C. Rehabilitation (Supply and Installation of Plant and Equipment) of the substations, including instal-lation of new power transformers for Troyanovo-North and Troyanovo-3 Mines at “Mini Maritza East” EAD, Bulgaria.

D. PIU Consultancy service for advising the Employer in the procurement of the projects financed and co-financed from the Kozloduy International Decom-missioning Support Fund.

More info on:http://www.ebrd.com/oppor/procure/opps/goods/general/090925a.htm

Deadline: 24 September 2010 at 24:00, Stara Zagora time

Contact: Mr. Todor TodorovExecutive Director“Mini Maritza Iztok” EAD6260 Radnevo13 Georgy Dimitrov Str.Stara Zagora districtBulgariaFax : + 359 417 82417Email: [email protected]

Company / organization: EBRD, related Montenegro

Announcement: EPCG Metering Proj. Goods, works, services & consultancy

Content: Elektroprivreda Crne Gore (“EPCG”) has applied for a loan from the European Bank for Reconstruction and Development (the “Bank”) towards the cost of modernising the electricity distribution infrastruc-ture in Montenegro to enable EPCG to reduce losses, improve the quality and reliability of supply, and im-prove energy efficiency.

The proposed project has a total estimated cost of Euro 43 million, of which EUR 38 million is proposed to be financed by the EBRD, and will require the procurement of the following consultancy services, goods, works and services for:

(a) Goods and related services for purchasing of me-tering equipment for medium voltage, and the in-stallation of the aforementioned items;

(b) Goods and related services for purchasing of me-tering equipment for low voltage with remote read-ing and remote disconnection capabilities, and for cables, pillars, metering boxes, and auxiliary equip-ment for the installation of the aforementioned items;

(c) Supplies and services for supply, implementation and training of software for remote management, remote reading, and measurement database

(d) Consulting services to support the Project Imple-mentation Unit established by EPCG.

Tendering for contracts under (d) above is expected to begin in the final quarter of 2009, and for the rest of the Project in the second quarter of 2010. Thesecomponents are anticipated to be financed princi

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Content: pally by the EBRD.

Contracts to be financed with the proceeds of a loan from the EBRD will be subject to its Procurement Policies and Rules and will be open to firms from any country. The proceeds of the EBRD’s loan will not be used for the purpose of any payment to persons or entities, or for any import of goods, if such payment or import is prohibited by a decision of the United Nations Security Council taken under Chapter VII of the Charter of the United Nations or under a law or official regulation of the purchaser’s country.

Deadline: 3 November 2010 at 23:00, local time time

Contact: Mr Velimir StrugarDeputy DirectorFunctional Unit DistributionUl. Ivana Milutinovića 12,PodgoricaMontenegroFax: +382 20 241 235E-mail: [email protected]


Announcement: Sofia District Heating Rehabilitation

Content: The Kozloduy International Decommissioning Sup-port Fund (KIDSF), administered by the European Bank for Reconstruction and Development (EBRD), was established in 2001 for the support of the de-commissioning of Units 1-4 of the Kozloduy Nuclear Power Plant. One of the purposes of this Fund is to finance or co-finance preparation and implemen-tation of selected projects that aim the necessary restructuring, upgrading and modernization in vari-ous Bulgarian industry sectors consequential to fi-nal shutdown of Units 1-4 of the Kozliduy Nuclear Power Plant.

Toplofikacia Sofia EAD, the single owned joint stock district heating company serving the city of Sofia carried out the rehabilitation of the centralized dis-trict heating system in the city. The District Heating Rehabilitation Project comprised the modernization of district heating substations, replacement of pipe-lines, compensators, valves, thermal insulation of over-ground pipelines, conversion to variable flow of the Sofia district heating network.

Toplofikacia Sofia EAD intends to use additional grant funds of the Kozloduy International Decom-missioning Support Fund (KIDSF) for continuation of the Project for replacement of the left, old, not au-tomated substations in Sofia district heating system. These funds shall be used for delivery, installation, testing and commissioning of: individual heating substations units for space heating and domestic hot water including. heat exchangers, circulation pumps, control valves and automation devices.

Tendering for the above contracts is expected to be-gin in the first half of 2010. In case the KIDSF does not grant these additional funds to Toplofikacia So-fia, the tender procedure shall be cancelled.

The budget for the project, subject of this GPN is about EUR 10 million.

Deadline: 19 January 2011 at 23:59, Bulgaria time

Contact: “Toplofikacia Sofia” EADMrs. Anastasiya Markova, PIU ManagerTel: +359 2 8593171Fax: +359 2 8599124Email: [email protected]


Announcement: National Radioactive Waste Disposal Facility

Content: The Kozloduy International Decommissioning Sup-port Fund (KIDSF) has been established and is ad-ministered by the European Bank for Reconstruction and Development (EBRD). One of the purposes of this Fund is to finance, or co-finance preparation and implementation of selected projects, which would require procurement of goods, works and services for establishment of the National Disposal Facility for Low and Intermediate Level Short Lived Radioactive Waste in an environmentally safe and cost effective manner.

A Project Management Unit has been established and is in operation at State Enterprise Radioactive Waste to manage the projects notified below.

This General Procurement Notice draws attention to the following new upcoming procurement activi-ties:• Pre-disposal Monitoring of the Radiana Site - Geo-desic Monitoring

• Pre-disposal Monitoring of the Radiana Site – Geo-technical Monitoring and Analysis

This project is for Geotechnical monitoring and anal-ysis of the Radiana site. The work

• Pre-disposal Monitoring of the Radiana Site - Seis-mic Monitoring

• Pre-disposal Monitoring of the Radiana Site – Geo-dynamic Monitoring

• Pre-disposal Monitoring of the Radiana Site – Hydr-ogeological Monitoring and Geochemical Analysis

• Pre-disposal Monitoring of the Radiana Site – Ra-diological Monitoring

• Pre-disposal Monitoring of the Radiana Site – Me-teorological Monitoring

• Preparation of the Radiana Site

• Technical Design and ISAR preparation for National Disposal Facility

More info on: http://www.ebrd.com/oppor/procure/opps/goods/general/091130a.htm

Deadline: 29 November 2010 at 23:59, Bulgaria time

Contact: Mr. Boris PekovExecutive DirectorState Enterprise Radioactive WasteBlvd, James Bourchier 51, fl.18Sofia 1407BulgariaFax. + 359 2962 5078e-mail: [email protected]

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Announcement: Small Hydro Power Plant on the Iliina River

Content: Rila Holy Cloister (the “Employer”) intends to use the proceeds of the grant funds provided by the Kozloduy International Decommissioning Support Fund (the “KIDSF”), administered by the European Bank for Reconstruction and Development (the “Bank”) for a project for Construction of a Small Hy-dro Power Plant on the Iliina River for the Secure and Reliable Energy Supply and for the Energy Efficiency Improvements of the Rila Holy Cloister and the Area. The proposed project, which has a total estimated cost of EUR 2.9 million, will require the procurement of the following goods, works and services:

• Design, supply, construction and commissioning of a small hydro power plant on the Iliina River;

• Project Implementation Unit consultancy service to support the Employer in technical specification, procurement and supervision of the implementa-tion of the Project;

• Consultancy service for the Environmental Impact Assessment of the project.

The procurement of the above contracts is expected to begin in the third quarter of 2010.


Contact: Mr. Rosen MihailovTel: +359 87 883 47 44Fax: +359 7054 33 83E-mail: [email protected]

Company / organization: EBRD, related Bosnia and Herzegovina

Announcement: BH Gas D.O.O. Sarajevo (General)

Content: BH-Gas intends to use the proceeds of a loan from the European Bank for Reconstruction and Devel-opment („EBRD“) and its own resources towards the costs of high-pressure gas pipeline construc-tion in Central Bosnia Canton enabling gasification of 4 municipalities - Travnik, Vitez, Busovaca, Novi Travnik - in this Canton.

The proposed project has an estimated cost of EUR 17,0 million, proposed to be financed by the EBRD, and will require the following deliveries and con-struction services:

A. Line Pipe Supply: Delivery of steel pipes for high pressure gas pipeline, which are DN 400 (16″, cca 41 km) and DN 200 (8″, cca 7 km)

B. Basic Equipment Supply: 4 block stations, 2 Pig Launcher/Receiver Stations

C. Metering & Regulator Station Supply: 4 MRS

D. Pipeline Construction

E. Construction Supervision

Prequalification for all of the above contracts is ex-pected to begin by the end of second quarter 2010.

Deadline: 8 April 2011 at 24:0, Sarajevo time

Contact: BH-Gas d.o.o. SarajevoHamdije Cemerlica 271000 Sarajevo, Bosnia and HerzegovinaTel: +387 33 279 000 Fax: 00 387 33 661 621Email: [email protected]@bh-gas.ba


Announcement: Bulgartransgaz Silistra, Kozloduy, Oryahovo Developmen

Content: Bulgartransgaz Silistra, Kozloduy, Oryahovo De-velopment Bulgartransgaz EAD (the “Employer”) intends to use the proceeds of the Grant funds provided by the Kozloduy International Decommis-sioning Support Fund (the “KIDSF”), administered by the European Bank for Reconstruction and Develop-ment (the “Bank”) and its own resources to finance the cost and complete the Project for delivery and construction of high pressure gas pipeline to, and gas regulation stations in Silistra, Kozloduy and Oryiahovo.The Project, which has a total estimated cost of EUR 23.2 million, will require the following deliveries and construction services:A. Delivery of steel pipes and fittings for a gas pipe-line. B. Delivery of gas valves. C. Automatic Gas Regulation Stations (AGRS). D. Construction of high pressure gas pipelines and gas regulation stations. Construction and Commissioning of about 70 km gas transmission pipeline, optical fiber cable line within the gas pipeline easement and two AGRS.

More info on:http://www.ebrd.com/oppor/procure/opps/goods/general/090901a.htm

Deadline: 1 September 2010 at 00:00, Sofia time

Contact: Mr. Angel SemerdjievExecutive Director Bulgartransgaz EAD66, Pancho Vladigerov Blvd. Sofia 1336 BulgariaFax : + 359 29396462e-mail: [email protected]

Company / organization: Kek, related Kosovo

Repair of thermal insulation in TPP Kosovo B

Content: Works on repair of thermal insulation in TPP Kosovo B.

Qualified bidders must have previous experience in conducting same works. Bidders must also prove that they possess the requited technical resources, in order of successfully completing the contract.

Deadline: 26 May 2010

Contact: Mr. Njazi ThaqiMr. Driton PruthiFax: + 381 38 222 604Email: [email protected]: [email protected]

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Announcement: onstruction of wood biomass heating plant in town Triavna

Content: The project announced within this procurement no-tice will be partially financed from the Kozloduy In-ternational Decommissioning Support Fund (KIDSF), established in 2001 for supporting the decommis-sioning of Units 1-4 of the Kozloduy Nuclear Power Plant. One of the purposes of this Fund is to finance or co-finance preparation and implementation of se-lected projects that aim the necessary restructuring, upgrading and modernisation in the energy sector and improving energy efficiency.

This General Procurement Notice draws attention to the forthcoming tender/s for supply of goods and installation of equipment for the construction of a modern biomass fired heating plant and the related district heating network in the town of Triavna.The tendering includes:

1. Supply of loading machine and specialised wood transporting truck;

2. Supply of district heating network pipes;

3. Supply and installation of heating substations to customer sites.

Overall budget for the project is Euro 4 million, from which Euro 0.8 million will be financed from KIDSF.The tendering for the above contract/s is expected to begin in the third quarter of 2009.

Deadline: 21 May 2010 at 00:00, Sofia time

Contact: Mr. Svetozar TodorovInvestor’s representativeBioEnergia Triavna OOD4 Trapezitsa str., entr. 4, fl. 4Sofia 1000, Bulgariae-mail: [email protected]/Telefax: +359 2 989 89 50

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