Energy News in Southeast Europe twice in a month • № 2009 ... · Actual data » Power sector...

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

01.4.-15.4.2009 » Forecasted weather conditions for the following period

§ § §

Analysis: » Statistical data of energy sector in Southeast Europe for

last 4 months of 2005,2006, 2007 and 2008

§ § §

News headlines

Albania: » Joint construction of NPP announced once again » Alpiq to build hydro power plants in Albania

Bosnia and Herzegovina: » EP HZHB against merger with EP BiH » Parliament of RS adopted new Oil law » Government of RS to make study on wind power potential » ERS negotiates with RWE on construction of HPPs on Drina

River, EPS has no knowledge of that » Statkraft to abandon projects in RS, government denies

rumors » Merger of EP BiH and coalmines proceeds as planned » Government to perform audit on privatization of

Energopetrol

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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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Energy News in Southeast Europetwice in a month • № 2009-IV/1 •17.04.2009

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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April (1) 2009 edition of Balkan Energy NEWS,

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Issue No: 2007-III/1Balkan Energy NEWS, e-journal Issue No: 2009-IV/1 - issue covers period 01.4.2009-16.4.2009

Bulgaria: » SEWRC fined CEZ for continuation of quarterly billing » German companies to invest 1.3 billion euros in wind

farms » Unit 5 in NPP Kozloduy switched-off for regular

overhaul » Government in favor of construction of new natural gas

network for South stream project » EVN and Alpine Bau to takeover Turkish part of the

Gorna Arda project » BEH to establish renewable energy division » Bulgaria and Qatar interested in joint construction of

LNG terminal

Croatia: » LNG Croatia to be established » INA to postpone investments due to global crisis » HEP Group signed agreement on new corporate

governance model

Greece » Hellenic Petroleum to close refinery due to

maintenance

Macedonia: » EVN Macedonia asks for electricity price increase » 3 bids for „Cebren” and „Galiste” » Court help needed to repair power cable

Montenegro: » EPCG published tender for import of electricity in

period June-December » Deadline in the tender for privatization of EPCG not to

be extended » Transmission system operator listed on stock exchange

Romania: » Martifer to takeover development of 35 MW wind farm

in Dobrogea County » EnergoNuclear appointed management, rumors on

reducing government’s stake in Cernavoda project » Hidroelectrica estimates Q1 profit at 20.5 million euros » 3 % decrease in natural gas prices from May 1 » Unplanned outage of unit 2 in NPP Cernavoda » Romgaz to build 400 MW power plant » Restructuring of electricity sector to be finalized in this

year » Transelectrica to invest 110 million euros for upgrade of

substations » EC Craiova to post 1.8 million euros of profit in Q1 » State-owned electricity producers obliged to conduct

electricity trade on OPCOM » Report on energy resources in period January-February » Hidroelectrica to select advisor for project HPP Tarnita-

Lapustesti

Serbia: » Highest state officials and Russian minister Shoigu dis-

cussed on NIS and South stream project » NIS to invest 118 million euros in 2009; the refinement

reduced to minimum » Srbijagas and Austrian Heat signed the contract for con-

struction of production line in Banatski Dvor » EPS to publish tender for revitalization works in HPP Djer-

dap 1 » EPS: increase in electricity prices still possible » EPS to publish list of eligible bidders for new TPPs

§ § §

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

Balkan Energy NEWS publication• Energy news for SEE countries

• Power market data per country (consumption/generation/export)

• Electricity exchange trading data (HUPX, OPCOM, EEX, BSP)

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give description and data on:

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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 23 241.4.2009 1537 1486 1429 1440 1442 1452 1664 1908 2161 2190 2199 2207 2178 2042 1991 1987 1960 1945 1952 2193 2248 2155 1875 17062.4.2009 1515 1384 1378 1353 1360 1429 1566 1878 2070 2177 2176 2150 2163 2106 2108 2098 2074 2049 2069 2237 2151 2072 1822 16093.4.2009 1472 1379 1342 1339 1348 1408 1554 1901 2017 2117 2124 2088 2111 1991 2023 2036 1996 2000 2042 2189 2126 2096 1844 16584.4.2009 1473 1414 1378 1375 1357 1380 1517 1689 1810 1912 1887 1872 1857 1832 1852 1853 1818 1758 1775 1925 1983 1936 1744 16115.4.2009 1408 1322 1304 1290 1282 1297 1333 1477 1610 1706 1732 1709 1681 1667 1631 1621 1607 1593 1630 1806 1936 1841 1637 14346.4.2009 1425 1344 1331 1295 1320 1377 1548 1746 1928 1941 1920 1914 1896 1916 1905 1862 1873 1836 1869 1860 1860 1444 1314 11697.4.2009 1466 1371 1361 1358 1358 1392 1504 1785 1970 1990 1954 1951 1912 1885 1887 1894 1862 1853 1901 2013 2056 1964 1811 15848.4.2009 1341 1237 1228 1211 1220 1296 1491 1770 1920 1902 1895 1860 1851 1850 1857 1847 1854 1806 1793 1948 2084 2023 1777 15589.4.2009 1384 1300 1283 1283 1280 1329 1463 1743 1944 1974 1914 1889 1877 1886 1913 1917 1868 1840 1833 1960 2061 1958 1752 153110.4.2009 1300 1212 1189 1187 1196 1261 1438 1676 1878 1899 1874 183911.4.2009 1199 1120 1068 1053 1055 1087 1219 1406 1529 1585 1575 1526 1510 1513 1529 1507 1481 1449 1459 1559 1663 1613 1442 129512.4.2009 1138 1059 1022 1018 1010 1020 1070 1272 1432 1517 1491 1469 1413 1419 1389 1382 1356 1362 1394 1536 1667 1599 1444 127113.4.2009 1082 1009 1003 987 990 1032 1168 1450 1562 1630 1582 1580 1568 1566 1563 1558 1551 1548 1566 1705 1747 1639 1489 126614.4.2009 1152 1083 1043 1036 1042 1090 1249 1513 1639 1677 1658 1657 1627 1627 1655 1612 1628 1593 1571 1655 1729 1676 1509 131915.4.2009 1287 1197 1064 1095 1178 1262 1422 1627 1755 1831 1815 1761 1734 1730 1768 1721 1710 1681 1690 1773 1918 1851 1687 1455Average: 1345 1261 1228 1221 1229 1274 1414 1656 1815 1870 1853 1831 1813 1788 1791 1778 1760 1737 1753 1883 1945 1848 1653 1462

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 241.4.2009 1080 987 942 924 928 995 1137 1304 1422 1436 1437 1437 1408 1387 1405 1374 1339 1329 1341 1507 1566 1446 1313 12222.4.2009 1083 961 926 901 906 975 1118 1292 1392 1445 1427 1415 1422 1394 1407 1375 1349 1330 1361 1509 1553 1484 1313 11833.4.2009 1063 957 913 894 910 963 1087 1311 1348 1412 1405 1383 1389 1329 1364 1371 1332 1327 1367 1512 1498 1465 1307 11954.4.2009 1034 973 908 894 879 940 991 1149 1294 1376 1353 1340 1324 1299 1337 1319 1283 1245 1267 1467 1547 1455 1282 11545.4.2009 954 865 816 789 785 812 817 951 1101 1200 1211 1182 1159 1139 1108 1081 1079 1067 1103 1304 1432 1356 1187 10076.4.2009 957 875 847 831 852 918 1104 1245 1351 1357 1314 1296 1273 1282 1281 1262 1248 1213 1257 1252 1246 1243 1242 12487.4.2009 999 889 865 855 863 938 1058 1245 1329 1328 1284 1271 1247 1231 1269 1246 1216 1190 1187 1349 1480 1397 1227 10798.4.2009 960 882 855 833 853 918 1066 1272 1354 1347 1311 1289 1270 1265 1297 1280 1262 1222 1218 1373 1532 1447 1264 11149.4.2009 999 887 863 855 856 923 1066 1265 1344 1346 1324 1302 1282 1285 1315 1315 1266 1237 1229 1381 1545 1461 1283 111910.4.2009 972 881 844 839 859 911 1054 1223 1344 1345 1330 132311.4.2009 993 929 862 863 857 900 989 1172 1302 1350 1321 1305 1283 1273 1285 1275 1252 1210 1225 1363 1490 1400 1239 111012.4.2009 980 891 852 836 837 858 892 1055 1220 1298 1277 1247 1208 1189 1147 1132 1121 1122 1166 1327 1469 1378 1214 103513.4.2009 911 839 818 796 808 871 1001 1200 1297 1348 1302 1311 1299 1292 1295 1273 1275 1264 1292 1414 1488 1404 1259 109414.4.2009 980 897 857 842 860 916 1045 1249 1341 1382 1362 1371 1351 1347 1365 1325 1321 1299 1296 1416 1564 1482 1285 115815.4.2009 1018 949 893 865 870 941 1082 1280 1374 1377 1318 1307 1290 1285 1319 1292 1275 1231 1246 1335 1570 1479 1309 1124Average: 999 911 871 854 862 919 1034 1214 1321 1356 1332 1319 1300 1286 1300 1280 1258 1235 1254 1394 1499 1421 1266 1132

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 241.4.2009 457 499 487 516 514 457 527 604 739 754 762 770 770 655 586 613 621 616 611 686 682 709 562 4842.4.2009 432 423 452 452 454 454 448 586 678 732 749 735 741 712 701 723 725 719 708 728 598 588 509 4263.4.2009 409 422 429 445 438 445 467 590 669 705 719 705 722 662 659 665 664 673 675 677 628 631 537 4634.4.2009 439 441 470 481 478 440 526 540 516 536 534 532 533 533 515 534 535 513 508 458 436 481 462 4575.4.2009 454 457 488 501 497 485 516 526 509 506 521 527 522 528 523 540 528 526 527 502 504 485 450 4276.4.2009 468 469 484 464 468 459 444 501 577 584 606 618 623 634 624 600 625 623 612 608 613 201 72 -797.4.2009 467 482 496 503 495 454 446 540 641 662 670 680 665 654 618 648 646 663 714 664 576 567 584 5058.4.2009 381 355 373 378 367 378 425 498 566 555 584 571 581 585 560 567 592 584 575 575 552 576 513 4449.4.2009 385 413 420 428 424 406 397 478 600 628 590 587 595 601 598 602 602 603 604 579 516 497 469 41210.4.2009 328 331 345 348 337 350 384 453 534 554 544 51611.4.2009 206 191 206 190 198 187 230 234 227 235 254 221 227 240 244 232 229 239 234 196 173 213 203 18512.4.2009 158 168 170 182 173 162 178 217 212 219 214 222 205 230 242 250 235 240 228 209 198 221 230 23613.4.2009 171 170 185 191 182 161 167 250 265 282 280 269 269 274 268 285 276 284 274 291 259 235 230 17214.4.2009 172 186 186 194 182 174 204 264 298 295 296 286 276 280 290 287 307 294 275 239 165 194 224 16115.4.2009 269 248 171 230 308 321 340 347 381 454 497 454 444 445 449 429 435 450 444 438 348 372 378 331Average: 346 350 357 367 368 356 380 442 494 513 521 513 512 502 491 498 501 502 499 489 446 426 387 330

Bosnia and Herzegovina: Average hourly export in last 15 days

0

100

200

300

400

500

600

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

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

0

500

1000

1500

2000

2500

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

MW

h ProductionConsumption

6


Montenegro: Electricity exports in last 15 days per border (MWh)

Romania: Electricity consumption in last 15 days (MWh)

Romania: Electricity net 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 23 241.4.2009 5241 5179 5134 5110 5130 5235 5589 6193 6515 6500 6498 6405 6381 6364 6162 6108 6060 6055 6144 6405 6879 6670 6145 56562.4.2009 5270 5124 5072 5046 5083 5210 5458 6100 6440 6541 6510 6365 6326 6343 6167 6102 6061 6061 6147 6409 6728 6628 6140 56413.4.2009 5323 5185 5144 5133 5155 5247 5457 6040 6374 6372 6354 6258 6184 6219 6027 5915 5812 5836 5890 6252 6671 6577 6113 54874.4.2009 5373 5214 5109 5088 5114 5153 5196 5430 5619 5735 5738 5697 5587 5493 5387 5331 5347 5385 5440 5845 6292 6158 5764 53935.4.2009 5054 4958 4875 4880 4863 4873 4921 4984 5097 5150 5169 5179 5144 5145 5117 5101 5111 5156 5213 5499 5901 5850 5590 51786.4.2009 4939 4792 4762 4763 4787 4914 5287 5935 6366 6485 6459 6393 6285 6242 6140 5976 5881 5881 5961 6240 6684 6557 6150 56757.4.2009 5305 5126 5051 5037 5050 5199 5488 5991 6400 6497 6324 6194 6093 6079 5980 5859 5805 5834 5870 6194 6596 6562 6160 56008.4.2009 5232 5077 5086 5083 5148 5181 5515 5985 6292 6383 6342 6243 6196 6180 6008 5943 5839 5823 5846 6072 6665 6636 6104 55949.4.2009 5054 4944 4902 4872 4913 5020 5308 5822 6033 6176 6163 6138 6031 6033 5979 5877 5790 5822 5840 6003 6547 6579 6084 558410.4.2009 5268 5140 5103 5102 5128 5209 5460 5970 6258 6312 6273 6173 6089 6061 5977 5871 5788 5765 5761 5957 6515 6534 6002 550711.4.2009 5151 4993 4916 4895 4907 4910 4913 5128 5344 5451 5450 5429 5333 5208 5145 5096 5086 5115 5138 5373 5924 5974 5643 525612.4.2009 4881 4757 4670 4648 4647 4661 4686 4719 4840 4907 4920 4895 4893 4875 4847 4811 4815 4845 4924 5130 5787 5872 5478 507913.4.2009 4902 4834 4808 4808 4818 4900 5166 5816 6197 6253 6243 6196 6122 6041 5994 5897 5858 5853 5940 6085 6661 6638 6066 556614.4.2009 5237 5116 5044 5023 5042 5155 5389 5889 6321 6416 6465 6395 6353 6307 6203 6117 6067 6024 6126 6218 6706 6702 6193 567415.4.2009 5244 5041 5008 5003 5024 5100 5361 5926 6196 6351 6362 6265 6218 6150 6074 5967 5959 5909 5916 6086 6696 6666 6134 5626Average: 5165 5032 4979 4966 4987 5064 5280 5728 6019 6102 6085 6015 5949 5916 5814 5731 5685 5691 5744 5985 6483 6440 5984 5501

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 241.4.2009 290 284 266 282 284 325 441 439 418 418 420 421 424 424 425 427 426 419 411 404 443 442 401 3962.4.2009 408 406 407 407 404 413 418 419 403 403 405 404 408 420 421 422 422 420 401 391 417 442 410 3653.4.2009 404 379 379 403 389 416 426 398 427 418 430 430 392 434 435 436 424 422 379 373 416 433 398 4094.4.2009 267 241 229 260 258 266 314 310 301 300 302 303 341 342 342 283 262 260 252 211 307 311 328 3395.4.2009 277 278 248 274 272 292 367 316 346 348 348 346 346 350 317 318 318 316 265 259 281 326 305 3216.4.2009 319 294 257 243 277 263 356 375 381 384 385 386 390 392 392 391 389 370 363 352 433 387 326 3397.4.2009 559 500 474 500 497 461 499 467 463 485 486 487 489 491 523 525 524 523 454 440 468 476 512 5078.4.2009 369 335 294 304 345 294 386 377 384 384 436 437 390 429 430 464 419 420 403 311 328 405 342 3809.4.2009 254 259 217 295 267 265 329 320 302 345 347 353 350 370 392 392 390 378 373 299 320 369 293 27310.4.2009 222 212 199 199 204 215 326 347 322 323 324 342 328 328 330 321 315 326 308 303 339 399 311 31611.4.2009 316 256 231 226 269 286 384 377 383 393 394 403 399 401 401 390 373 374 318 293 290 394 360 32512.4.2009 235 191 161 142 172 203 318 301 321 322 323 328 328 323 322 322 307 304 298 300 296 322 229 22113.4.2009 142 125 125 120 117 125 227 213 227 255 257 262 263 260 261 262 247 246 241 211 243 270 168 18114.4.2009 176 160 160 154 152 155 249 228 221 260 262 269 267 268 269 263 248 246 239 204 224 265 139 16615.4.2009 217 229 207 216 214 224 305 289 268 269 284 291 288 289 292 283 280 294 290 211 228 291 284 294Average: 297 277 257 268 275 280 356 345 344 354 360 364 360 368 370 367 356 355 333 304 336 369 320 322

Romania: Average consumption in last 15 days

0

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

MW

h

Romania: Average hourly net export in last 15 days

0

50

100

150

200

250

300

350

400

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

MW

h

1.4.2009 2.4.2009 3.4.2009 4.4.2009 5.4.2009 6.4.2009 7.4.2009 8.4.2009 9.4.2009 10.4.2009 11.4.2009 12.4.2009 13.4.2009 14.4.2009 15.4.2009Montenegro - Albania 208 -233 -820 -1072 -1531 -1192 -1016 -480 38 -1337 -775 -1645 -1629Montenegro - BiH -1377 -4227 -3619 -3427 -2419 -2389 -2295 -4302 -3622 -2953 -2567 -1013 -1839Montenegro - Serbia 3004 4725 4061 4177 3936 2776 4057 3354 1917 2722 4759 3896 4397Total 1835 265 -378 -322 -14 -805 746 -1428 -1667 -1568 1417 1238 929

7


Greece: Electricity consumption in last 15 days (MWh)

Montenegro: Electricity export in last 15 days (MWh)

Greece: System Marginal Prices in last 15 days

Montenegro: Average Hourly exports in last 15 days

-60

-50

-40

-30

-20

-10

0

10

20

30

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

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 241.4.20092.4.20093.4.2009 48 76 105 105 107 92 82 43 98 75 74 80 68 82 100 105 93 60 36 108 96 40 21 414.4.2009 12 42 52 85 104 93 90 36 -2 -5 -3 -3 -1 2 23 15 -6 -13 -7 -62 -61 -62 -42 -225.4.2009 6 29 38 42 42 41 52 28 -8 -18 -34 -23 -34 -21 -15 -8 -9 -15 -44 -88 -115 -89 -89 -466.4.2009 -31 14 31 32 37 32 11 -29 -42 -49 -31 -25 -38 -35 -25 -19 -9 -8 -19 -46 -1 -30 -26 -167.4.2009 -27 9 23 34 36 22 -9 -51 -53 -55 -41 -36 -18 -18 -18 -14 -14 -18 -30 100 102 112 -15 -358.4.2009 -22 30 43 43 50 21 -10 -24 -45 -51 -46 -46 -50 -52 -58 -59 -68 -72 -90 -87 -17 -73 -69 -539.4.2009 -14 24 39 50 50 33 -4 -47 18 -218 -238 -148 -172 -198 -184 -222 -229 -232 -149 -97 -108 -151 -98 -30410.4.2009 -48 -43 -38 -20 -27 -39 -81 -87 -85 -84 -80 -89 -112 -89 -77 -66 -54 -61 -88 -101 -7 49 -32 -6911.4.2009 -69 -43 -27 -21 -21 -25 -31 -56 -107 -86 -82 -99 -104 -94 -79 -81 -90 -67 -89 -100 -42 -88 -80 -8612.4.2009 -90 -72 -57 -39 -37 -36 -42 -71 -92 -100 -92 -102 -102 -91 -84 -80 -88 -86 -103 -86 78 -7 -26 -6313.4.2009 -66 -35 -19 -15 -9 -23 -20 96 85 82 76 79 94 116 127 142 158 134 113 107 114 102 11 -3214.4.2009 -12 -55 -31 -21 -23 -39 -2 72 87 101 112 120 100 112 121 94 81 47 27 49 87 74 103 3415.4.2009 -96 -51 -21 -31 -44 -57 -60 108 108 100 82 38 33 33 35 44 93 110 113 112 85 94 97 4Average: -31 -6 11 19 20 9 -2 1 -3 -24 -23 -20 -26 -19 -10 -11 -11 -17 -25 -15 16 -2 -19 -50

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 241.4.2009 5000 4520 4420 4300 4200 4260 4700 5400 6100 6550 6600 6600 6630 6590 6300 5970 5900 5750 5750 6220 7000 6880 6120 55802.4.2009 4980 4560 4400 4310 4230 4330 4720 5420 5950 6500 6550 6600 6650 6600 6300 6000 5880 5820 5900 6350 7100 6900 6150 55803.4.2009 4800 4350 4260 4100 4100 4140 4500 5240 5800 6350 6500 6500 6500 6450 6220 5950 5850 5800 5900 6350 7020 6890 6150 56004.4.2009 4900 4400 4300 4180 4060 4090 4120 4380 5000 5620 6000 6200 6300 6200 5800 5440 5310 5200 5250 6140 6600 6530 5900 54505.4.2009 4900 4440 4230 4040 3950 3900 3870 3880 4200 4830 5400 5800 5950 5720 5200 4900 4900 4800 4900 5500 6280 6280 5800 53206.4.2009 4730 4280 4130 4000 3960 4080 4500 5270 5960 6530 6600 6670 6700 6630 6320 6050 5940 5790 5790 6200 6940 6900 6200 56207.4.2009 4920 4440 4300 4180 4140 4240 4630 5390 6060 6480 6500 6550 6550 6500 6200 5930 5830 5750 5800 6240 7060 6900 6180 56208.4.2009 5000 4560 4420 4250 4200 4300 4740 5520 6200 6500 6500 6550 6600 6550 6350 6060 5980 5900 5970 6250 7100 6900 6160 56009.4.2009 5040 4600 4440 4320 4260 4360 4770 5530 6120 6550 6550 6580 6580 6550 6200 5900 5850 5770 5770 6170 7150 6980 6250 563010.4.2009 4960 4530 4380 4260 4200 4320 4730 5440 6040 6380 6440 6500 6470 6450 6140 5900 5800 5650 5730 6270 7080 6920 6150 558011.4.2009 4900 4480 4300 4200 4100 4100 4200 4450 5060 5670 5960 6150 6300 6250 5820 5460 5360 5250 5340 5800 6560 6550 5880 534012.4.2009 4800 4420 4240 4070 3930 3940 3970 3980 4330 4730 5260 5650 5770 5620 5100 4900 4870 4850 5000 5480 6300 6300 5770 528013.4.2009 4660 4230 4100 3990 3940 4050 4500 5280 5940 6450 6500 6550 6600 6550 6250 6000 5850 5700 5750 6100 6940 6850 6020 552014.4.2009 4840 4400 4250 4150 4100 4200 4600 5300 6000 6440 6500 6570 6630 6570 6270 5950 5810 5730 5800 6150 7000 6950 6190 559015.4.2009 4840 4380 4240 4130 4060 4160 4520 5220 5900 6360 6380 6480 6500 6470 6200 5880 5760 5700 5720 6070 6840 6720 6030 5400Average: 4885 4439 4294 4165 4095 4165 4471 5047 5644 6129 6283 6397 6449 6380 6045 5753 5659 5564 5625 6086 6865 6763 6063 5514

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 241.4.2009 44.49 33.82 30.52 32.55 30.29 30.35 32.17 40.56 44.39 53.00 44.40 40.48 40.48 40.48 34.65 34.03 34.75 34.73 34.24 44.40 53.00 44.40 44.39 40.502.4.2009 33.90 30.15 29.11 28.84 28.67 28.93 29.98 33.88 34.11 32.82 40.48 40.48 34.01 32.70 30.09 29.81 29.81 30.27 30.60 30.67 40.51 37.36 40.48 40.503.4.2009 30.50 30.32 29.22 28.64 19.41 19.69 29.26 37.24 32.87 44.40 32.73 32.73 31.90 44.40 32.92 32.88 32.88 32.97 32.98 32.87 33.63 32.57 32.95 32.924.4.2009 44.49 33.75 30.36 29.90 29.41 29.99 29.54 30.14 34.54 56.29 44.37 44.40 43.70 44.40 44.37 44.47 44.49 44.49 44.49 44.40 44.40 44.40 44.36 44.475.4.2009 32.10 30.29 29.86 28.84 28.60 20.01 30.25 33.82 30.72 30.67 34.02 33.49 32.96 30.56 30.58 30.51 30.56 31.72 30.51 31.82 33.95 30.59 30.65 31.726.4.2009 63.00 30.43 29.46 28.98 28.75 28.90 29.53 63.00 40.45 40.48 30.76 30.85 30.56 30.76 30.55 30.55 30.53 30.51 30.47 30.28 30.36 30.35 30.53 29.787.4.2009 29.66 28.71 25.31 19.70 1.00 19.43 28.87 32.72 32.18 31.83 30.75 30.68 30.62 30.61 30.60 30.60 30.59 30.58 30.59 30.60 31.92 32.65 30.67 30.508.4.2009 30.20 30.16 30.07 29.91 29.56 30.04 29.80 44.44 56.28 56.78 56.78 56.78 56.98 56.78 44.40 56.76 56.24 44.36 56.24 44.40 56.82 56.28 56.28 44.419.4.2009 44.49 29.62 29.95 28.80 27.84 27.83 29.01 44.44 56.97 63.00 63.00 63.00 56.98 56.98 56.28 56.22 56.23 44.38 44.38 44.40 44.44 56.29 56.28 44.4010.4.2009 33.40 28.86 24.88 19.71 19.43 20.09 28.90 40.54 44.38 44.40 44.40 44.40 57.17 57.17 44.40 44.36 57.14 44.40 44.38 44.40 44.43 63.00 57.17 44.4211.4.2009 32.19 32.14 30.11 28.67 25.27 24.82 1.00 28.86 40.56 44.40 63.00 63.00 63.01 63.00 44.37 37.27 33.86 33.94 40.56 57.14 57.17 63.00 44.36 44.4912.4.2009 33.38 29.52 28.81 25.27 25.24 1.00 25.25 1.00 28.83 30.18 32.81 44.40 44.38 57.18 30.15 29.15 29.12 29.02 29.59 30.08 32.29 57.17 57.14 44.4913.4.2009 37.14 32.06 28.79 28.76 28.71 29.15 28.87 30.64 44.36 57.17 57.17 57.17 56.98 57.17 44.40 44.37 44.36 40.47 44.38 57.16 57.18 58.23 58.20 44.4414.4.2009 44.49 44.53 30.34 29.06 28.78 29.03 30.40 44.49 57.14 57.17 63.00 57.17 58.23 56.98 57.17 57.13 57.14 57.15 56.95 56.78 57.00 57.18 57.17 56.3015.4.2009 40.57 30.14 28.83 1.00 1.00 1.00 28.72 32.72 34.14 33.49 44.40 44.40 44.40 44.40 44.40 44.36 44.38 44.39 40.47 34.88 40.48 44.40 44.38 34.58Average: 38.27 31.63 29.04 25.91 23.46 22.68 27.44 35.90 40.79 45.07 45.47 45.56 45.49 46.90 39.96 40.16 40.81 38.23 39.39 40.95 43.84 47.19 45.67 40.53

8


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

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

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

Greece: Electricity prices, HTSO

0.00

10.00

20.00

30.00

40.00

50.00

60.00

70.001.

4.20

09

2.4.

2009

3.4.

2009

4.4.

2009

5.4.

2009

6.4.

2009

7.4.

2009

8.4.

2009

9.4.

2009

10.4

.200

9

11.4

.200

9

12.4

.200

9

13.4

.200

9

14.4

.200

9

15.4

.200

9

EUR

/MW

h

minimal price average price maximal price

Greece: Average hourly consumption in last 15 days

1000

2000

3000

4000

5000

6000

7000

8000

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

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 241.4.2009 693 417 410 399 422 462 611 860 1010 880 877 826 839 850 717 721 685 657 742 882 1054 1100 817 7252.4.2009 592 575 561 553 555 581 721 772 940 923 906 821 825 869 731 754 694 696 729 904 1047 1036 809 7493.4.2009 635 613 588 580 594 605 747 836 994 919 907 849 800 849 738 674 626 598 606 866 1110 1088 841 6684.4.2009 703 513 477 469 495 515 537 597 675 711 703 678 592 539 510 505 446 428 508 775 1099 998 729 6175.4.2009 581 534 511 502 502 503 516 491 471 485 481 469 470 471 465 464 474 453 469 565 815 886 644 6036.4.2009 537 458 462 460 464 501 631 825 1003 1049 1051 1000 914 891 850 763 703 671 704 935 1129 1085 843 6897.4.2009 636 768 719 703 696 744 832 847 1091 1101 1022 946 864 878 828 800 782 803 814 924 1054 1040 961 9628.4.2009 773 567 558 557 561 588 695 789 966 987 980 962 889 819 811 750 715 657 674 768 1181 1163 830 6679.4.2009 682 560 597 560 621 596 704 797 907 954 869 784 736 738 742 667 614 593 595 686 1010 1063 819 63810.4.2009 582 465 471 466 455 481 601 751 872 878 876 792 752 722 665 607 576 538 546 639 1050 1092 835 72911.4.2009 688 650 574 563 575 594 594 698 701 726 738 717 686 630 629 600 571 571 586 711 1013 1040 915 78412.4.2009 688 650 574 563 575 594 594 698 701 726 738 717 686 630 629 600 571 571 586 711 1013 1040 915 78413.4.2009 478 440 456 458 463 417 454 598 735 742 730 682 626 637 615 534 501 501 488 586 999 1041 747 60414.4.2009 548 470 427 414 420 484 604 688 822 882 921 886 852 821 787 700 638 596 594 664 987 1035 796 63815.4.2009 571 587 565 544 552 588 663 798 785 848 869 841 807 755 723 671 626 605 608 687 1039 1013 773 774Average: 626 551 530 519 530 550 634 736 845 854 844 798 756 740 696 654 615 596 617 754 1040 1048 818 709

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 241.4.2009 33.03 6.84 6.84 6.13 6.84 9.20 13.92 42.46 46.47 42.46 42.46 35.62 35.39 40.10 28.31 28.31 26.38 25.65 25.63 35.38 47.18 46.94 35.38 23.592.4.2009 22.53 18.65 16.29 13.93 16.29 18.89 23.38 40.14 46.05 42.51 42.51 36.60 35.42 40.15 33.06 28.34 24.79 21.25 25.65 41.32 48.41 47.23 40.14 23.663.4.2009 13.23 9.21 9.21 9.21 9.21 11.81 35.44 42.52 46.07 43.71 42.53 40.16 35.44 40.16 40.16 35.44 35.44 35.44 35.44 41.35 48.43 48.43 44.41 59.064.4.2009 9.24 5.92 5.92 5.92 5.92 5.92 6.99 5.92 7.11 11.85 7.11 7.11 7.11 6.99 7.11 7.11 3.32 3.32 7.11 11.85 42.66 40.29 21.78 7.115.4.2009 6.92 4.54 4.54 2.36 2.39 4.54 5.73 4.54 2.36 4.54 4.54 4.06 4.54 3.34 3.34 2.36 2.36 2.36 2.36 2.36 21.34 32.22 4.54 9.316.4.2009 4.54 2.36 2.36 2.27 2.27 4.54 16.47 35.81 42.97 42.97 39.39 28.64 28.64 28.64 28.64 28.64 26.69 25.96 25.93 40.58 52.51 52.51 40.58 11.707.4.2009 19.10 19.33 19.10 18.62 19.10 19.10 28.41 40.58 42.97 42.97 41.77 40.34 38.67 40.34 40.34 38.07 26.74 28.41 28.41 24.61 52.75 52.75 40.58 35.578.4.2009 19.25 16.61 12.03 11.79 4.57 11.79 16.61 35.86 40.92 43.32 36.10 36.10 26.46 27.06 28.88 23.59 23.59 23.59 19.25 23.59 45.73 45.61 36.10 14.449.4.2009 33.35 23.12 19.19 18.71 18.71 19.19 23.51 46.54 59.98 59.98 47.98 40.55 35.99 35.75 37.18 33.59 28.79 21.59 19.19 24.74 40.78 43.18 28.79 11.7610.4.2009 9.32 9.32 7.05 6.93 2.37 4.54 11.71 23.43 35.86 38.13 35.86 24.47 26.28 26.88 25.85 21.52 19.13 19.13 19.13 19.13 43.03 45.43 33.47 18.8911.4.2009 21.37 11.77 6.96 5.76 4.56 6.96 6.96 14.17 24.01 27.53 25.99 24.57 21.37 19.21 19.21 15.04 8.40 6.96 6.96 14.17 45.62 48.02 36.02 18.9712.4.2009 7.04 3.64 2.40 1.70 1.70 1.70 2.40 2.40 2.40 3.64 3.64 2.40 2.40 2.40 2.40 2.40 2.40 2.31 2.40 3.64 19.18 21.78 14.32 4.6113.4.2009 5.83 2.40 2.40 2.40 2.40 2.40 7.04 2.43 9.47 36.17 29.13 24.84 21.85 29.13 29.13 26.89 21.85 9.47 7.28 16.99 43.70 43.70 29.13 7.1614.4.2009 2.40 2.31 1.70 1.70 1.70 1.70 11.65 24.69 24.28 36.42 36.17 29.13 29.13 36.17 29.13 21.85 11.65 7.28 2.43 2.43 43.70 43.70 29.13 11.6515.4.2009 9.45 18.66 12.12 9.45 9.45 16.96 23.75 24.70 35.87 41.20 41.20 41.20 35.87 42.41 41.20 36.59 27.10 18.66 26.33 28.84 43.63 43.63 28.84 24.23Average: 14.44 10.31 8.54 7.79 7.17 9.28 15.60 25.75 31.12 34.49 31.76 27.72 25.64 27.92 26.26 23.32 19.24 16.76 16.90 22.07 42.58 43.69 30.88 18.78

1.4.2009 2.4.2009 3.4.2009 4.4.2009 5.4.2009 6.4.2009 7.4.2009 8.4.2009 9.4.2009 10.4.2009 11.4.2009 12.4.2009 13.4.2009 14.4.2009 15.4.2009Base Price 28.77 31.13 33.81 10.45 5.90 25.65 33.28 25.95 32.17 21.95 18.36 4.80 17.22 18.42 28.39Base Quantity 17657 18344 18331 14817 12826 18618 20813 18908 17533 16440 16555 16555 14532 16673 17296Day Price 35.17 36.05 40.39 11.44 6.40 34.06 38.01 31.02 37.46 27.19 20.51 4.89 22.44 24.36 34.51Day Quantity 13312 13367 13208 10300 8444 14203 14625 13808 12459 11956 11211 11211 10469 12476 12341Night Price 15.98 21.30 20.67 8.47 4.89 8.83 23.81 15.82 21.60 11.49 14.05 4.64 6.77 6.54 16.15Night Quatity 4344 4977 5123 4517 4382 4415 6187 5101 5074 4484 5344 5344 4063 4197 4955

9


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

Danube water-level in cm for last 30 days

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)

OPCOM, Romania - Prices

05

101520

253035

4045

1.4.

2009

2.4.

2009

3.4.

2009

4.4.

2009

5.4.

2009

6.4.

2009

7.4.

2009

8.4.

2009

9.4.

2009

10.4

.200

9

11.4

.200

9

12.4

.200

9

13.4

.200

9

14.4

.200

9

15.4

.200

9

EUR

/MW

h

Night Day Base

OPCOM, Romania - Prices

0

10

20

30

40

50

60

70

1.4.

2009

2.4.

2009

3.4.

2009

4.4.

2009

5.4.

2009

6.4.

2009

7.4.

2009

8.4.

2009

9.4.

2009

10.4

.200

9

11.4

.200

9

12.4

.200

9

13.4

.200

9

14.4

.200

9

15.4

.200

9

EUR

/MW

h

minimal price average price maximal price

OPCOM, Romania - Traded energy

0

5000

10000

15000

20000

25000

1.4.20

092.4

.2009

3.4.20

094.4

.2009

5.4.20

096.4

.2009

7.4.20

098.4

.2009

9.4.20

0910

.4.20

0911

.4.20

0912

.4.20

0913

.4.20

0914

.4.20

0915

.4.20

09

MW

h

10

Balkan Energy NEWS, e-journal Issue No: 2009-IV/1 - issue covers period 01.4.2009-16.4.2009April 2008April 2008

Tables with offered Available Transfer Capacities (ATC) in Balkan region for May 2009

- TTC (Total Transfer Capacity)

- TRM (Transmission Reliability Margin)

- NTC (Net Transfer Capacity) values in previous tables, represents com-monly 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 appears.

- ATC (Available Transfer Capacities) value represents amount of trans-mission 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

NOS BIH - Bosnia & Herzegovina May 2009.Border+Direction TTC TRM NTC AAC ATC Validity period:

IMPORTCroatia > BIH - - 400 - 100 01.-31.05.2009.Montenegro > BIH - - 300 - 150 01.-31.05.2009.Serbia > BIH - - 250 - 125 01.-31.05.2009.

EXPORTBIH > Croatia - - 600 - 160 01.-31.05.2009.BIH > Montenegro - - 350 - 87 01.-31.05.2009.BIH > Serbia - - 300 - 111 01.-31.05.2009.

MAVIR - Hungary May 2009.Border+Direction TTC TRM NTC AAC ATC Validity period:

IMPORTCroatia > Hungary 700 200 500 200 300 01.-31.05.2009.Romania > Hungary 400 100 300 225 75 01.-31.05.2009.Serbia > Hungary 500 100 400 250 150 01.-31.05.2009.

EXPORTHungary > Croatia 1100 200 900 600 300 01.-31.05.2009.Hungary > Romania 700 100 600 371 229 01.-31.05.2009.Hungary > Serbia 700 100 600 350 250 01.-31.05.2009.* Common auction conducted by MAVIR

MEPSO - Macedonia May 2009.Border+Direction TTC TRM NTC AAC ATC Validity period:

IMPORT

Serbia > Macedonia400 100 300 50 250 01.-06.05.2009.300 100 200 50 150 07.-18.05.2009.400 100 300 50 250 19.-31.05.2009.

Bulgaria > Macedonia250 100 150 50 100 01.-06.05.2009.500 100 400 50 350 07.-18.05.2009.250 100 150 50 100 19.-31.05.2009.

Greece > Macedonia 100 100 0 0 0 01.-31.05.2009.EXPORT

Macedonia > Serbia 200 100 100 50 50 01.-31.05.2009.Macedonia > Bulgaria 100 100 0 0 0 01.-31.05.2009.

Macedonia > Greece160 100 60 0 60 01.-06.05.2009.300 100 200 0 200 07.-18.05.2009.160 100 60 0 60 19.-31.05.2009.

Transelectrica - Romania May 2009.Border+Direction TTC TRM NTC AAC ATC Validity period:

IMPORTBulgaria > Romania 400 100 300 100 200 01.-31.05.2009.Serbia > Romania 250 100 150 100 50 01.-31.05.2009.Hungary > Romania 700 100 600 150 450 01.-31.05.2009.Ucraine > Romania 300 100 200 50 150 01.-31.05.2009.

EXPORT

Romania > Bulgaria300 100 200 100 100 01.-06.05.2009.200 100 100 100 0 07.-18.05.2009.300 100 200 100 100 19.-31.05.2009.

Romania > Serbia

450 100 350 100 250 01.-06.05.2009.350 100 250 100 150 07.-22.05.2009.500 100 400 100 300 23.-24.05.2009.400 100 300 100 200 25.-29.05.2009.500 100 400 100 300 30.-31.05.2009.

Romania > Hungary400 100 300 150 150 01.-20.05.2009.350 100 250 150 100 21.-31.05.2009.

Romania > Ucraine 150 100 50 50 0 01.-31.05.2009.

EMS - Serbia May 2009.Border+Direction TTC TRM NTC AAC ATC Validity period:

IMPORTHungary > Serbia 700 100 600 100 500 01.-31.05.2009.

Romania > Serbia

450 100 350 0 350 01.-06.05.2009.350 100 250 0 250 07.-22.05.2009.500 100 400 0 400 23.-24.05.2009.400 100 300 0 300 25.-29.05.2009.500 100 400 0 400 30.-31.05.2009.

Bulgaria > Serbia350 100 250 0 250 01.-06.05.2009.250 100 150 0 150 07.-22.05.2009.400 100 300 0 300 23.-31.05.2009.

Macedonia > Serbia 200 100 100 50 50 01.-31.05.2009.

Albania > Serbia200 50 150 50 100 01.-17.05.2009.

0 0 0 0 0 18.-22.05.2009.200 50 150 50 100 23.-31.05.2009.

Montenegro > Serbia 500 150 350 0 350 01.-31.05.2009.BiH > Serbia 400 100 300 100 200 01.-31.05.2009.Croatia > Serbia 400 100 300 100 200 01.-31.05.2009.

EXPORTSerbia > Hungary 500 100 400 100 300 01.-31.05.2009.Serbia > Romania 250 100 150 0 150 01.-31.05.2009.Serbia > Bulgaria 250 100 150 0 150 01.-31.05.2009.

Serbia > Macedonia400 100 300 50 250 01.-06.05.2009.300 100 200 50 150 07.-18.05.2009.400 100 300 50 250 19.-31.05.2009.

Serbia > Albania

210 50 160 50 110 01.-06.05.2009.150 50 100 50 50 07.-17.05.2009.

0 0 0 0 0 18.-22.05.2009.210 50 160 50 110 23.-31.05.2009.

Serbia > Montenegro

500 150 350 110 240 01.-06.05.2009.350 100 250 110 140 07.-18.05.2009.400 100 300 142 158 19.-22.05.2009.500 100 400 142 258 23.-31.05.2009.

Serbia > BiH 350 100 250 100 150 01.-31.05.2009.Serbia > Croatia 350 100 250 100 150 01.-31.05.2009.* - No information available

11


Forecasted weather conditions for the following period

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

17.04. 18.04. 19.04. 20.04. 21.04. 22.04. 23.04. 24.04. 25.04. April averages.AlbaniaTirana

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

T: 9-20W: SE 6R: 1

T: 9-22W: S 10R: 15

T: 11-18W: SE 11R: 7

T: 12-18W: E 6R: 5

T: 11-19W: NE 11R: 2

T: 9-20W: NE 6R: -

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

T: 8-21W: SW 12R: -

Temperature: 8-18Amount of rain: 145Number of rain days: -

Bosnia and HerzegovinaSarajevo

T: 5-18W: SW 14R: 3

T: 4-19W: SW 8R; 1

T: 6-18W: SE 4R: 2

T: 7-22W: E 6R:9

T: 8-14 W: NE 6R: 19

T: 1-9W: NE 12R: 5

T: -1-14W: E 8R: -

T: 1-18W: SE 4R: -

T: 1-19W: S 6R: -

Temperature: 4.4-15Amount of rain: 74Number of rain days: 11

BulgariaSofia

T: 8-20W: L-VR: 1

T: 8-23W: SW 4R: 3

T: 11-23W: -R: 5

T: 9-23W: SE 6R: -

T: 8-19W: SE 6R: 4

T: 5-17W: NE 14R: 2

T: 5-20W: NE 12R: -

T: 6-21W: NE 8R: -

T: 7-22W: -R: -

Temperature: 4.8-15.7Amount of rain: 51Number of rain days: 12

CroatiaZagreb

T: 9-24W: SW 20R: 2.5

T: 9-21W: SW 6R: 1.9

T: 8-22W: NE 6R: -

T: 12-23W: NE 12R: 3.5

T: 14-16W: NE 14R: 5

T: -1-13W: NE 14R: 1

T: 0-18W: E 9R: -

T: 3-23W: SE 8R: -

T: 3-24W: SW 9R:

Temperature: 4.9-16.4Amount of rain: 61.5Number of rain days: 12

GreeceAthens

T: 13-22W: W 8R: -

T: 16-23W: S 12R: -

T: 15-23W: S 11R: -

T: 14-19W: SE 8R: -

T: 12-23W: SE 12R: -

T: 16-17W: N 24R: 3.5

T: 9-14W: NE 32R: -

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

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

Temperature: 9.7- 20.1Amount of rain: 30Number of rain days: 8

MacedoniaSkopje

T: 5-23W: SW 4R: -

T: 6-23W: SW 8R: -

T: 8-22W: SE 6R: -

T: 8-24W: SE 4R: 6

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

T: 11-12W: NE 8R: 5

T: 1-16W: :NE 9R: -

T: 1-19W: L-VR: -

T: 1-22W: SW 4R: -


MontenegroPodgorica

T: 9-21W: SE 12R:

T: 11-21W: SE 9R: 4

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

T: 12-24W: E 9R: 6

T: 12-21W: NE 9R: 2

T: 13-18W: NE 12R: 1

T: 5-20W: NE 8R: -

T: 7-20W: S 4R: -

T: 6-22W: SW 9R: -

Temperature: 9-19Amount of rain: 144Number of rain days: 12

RomaniaBucharest

T: 5-21W: SE 6R: -

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

T: 9-19W: NE 6R: -

T: 9-21W: E 12R: -

T: 10-16W: E 14R: -

T: 11-18W: NE 25R: -

T: 6-18W: NE 12R: -

T: 1-20W: SE 8R: -

T: 3-22W: SW 6R: -

Temperature: 5.6-18Amount of rain: 47Number of rain days: 7

SerbiaBelgrade

T: 13-24W: S 11R: 2.5

T: 9-23W: L-VR: -

T: 12-22 W: L-VR: -

T: 13-24W: E 9R: 13

T: 13-22W: NE 11R: 15

T: 4-14W: E 16R: -

T: 3-16W: SE 12R: -

T: 6-19W: SE 12R: -

T: 8-22W: SE 4R: -


12


Analysis:

Statistical data of energy sector in Southeast Europe for last 4 months of 2005,2006, 2007 and 2008

Dear readers, in the analysis of this issue of Balkan Energy NEWS we present comparation of statistical data of energy sector in Southeast Europe in second 4 months of 2005, 2006, 2007 and 2008.

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

Month 9 10 11 12 SumBosnia and 2005 824 917 1037 1085 3863Herzegovina 2006 840 907 963 1069 5785

2007 865 985 1016 1114 59872008 835 983 993 1087 5906

Bulgaria 2005 2574 2964 3386 3667 125912006 2708 2642 3035 3351 117362007 2233 2768 3100 3635 117362008 2499 2722 2982 3304 11507

Croatia 2005 1255 1325 1446 1648 56742006 1089 1324 1431 1593 54372007 1326 1466 1570 1732 60942008 1409 1430 1475 1641 5955

Greece 2005 4214 4109 4350 4690 173632006 4286 4176 4383 4744 175892007 4397 4380 4439 4882 180982008 4598 4286 4311 4691 17886

Month 9 10 11 12 SumMacedonia 2005 537 646 784 882 2849

2006 570 643 751 888 28522007 593 710 844 972 31192008 661 684 705 813 2863

Romania 2005 3932 4267 4604 4789 175922006 4115 4422 4691 4868 180962007 4164 4646 4912 5113 188352008 4388 4632 4624 4687 18331

Serbia+ 2005 2850 3415 3931 4416 14612Montenegro 2006 2933 3289 3837 4332 14391

2007 3042 3845 4238 4721 158462008 3273 3568 3856 4412 15109

Montenegro 2007 345 368 418 466 15972008 365 361 375 418 1519

Serbia 2007 2697 3477 3820 4255 142492008 2908 3207 3481 3994 13590

Monthly electricity consumption in 2005/2006/2007/2008 Croatia

0

200

400

600

800

1000

1200

1400

1600

1800

2000

9 10 11 12

GW

h

2005 2006 2007 2008

Monthly electricity consumption in 2005/2006/2007/2008 Greece

3600

3800

4000

4200

4400

4600

4800

5000

9 10 11 12

GW

h

2005 2006 2007 2008

Monthly electricity consumption in 2005/2006/2007/2008 Bosnia and Herzegovina

0

200

400

600

800

1000

1200

9 10 11 12

GW

h

2005 2006 2007 2008

Monthly electricity consumption in 2005/2006/2007/2008 Bulgaria

0

500

1000

1500

2000

2500

3000

3500

4000

9 10 11 12

GW

h

2005 2006 2007 2008

Monthly electricity consumption (In GWh)

13


Monthly electricity consumption in 2005/2006/2007/2008 Macedonia

0

200

400

600

800

1000

1200

9 10 11 12

GW

h

2005 2006 2007 2008

Monthly electricity consumption in 2005/2006/2007/2008 Romania

0

1000

2000

3000

4000

5000

6000

9 10 11 12

GW

h

2005 2006 2007 2008

Monthly electricity consumption in 2007/2008 Serbia

0

500

1000

1500

2000

2500

3000

3500

4000

4500

9 10 11 12

GW

h

2007 2008

Monthly electricity consumption in 2007/2008 Montenegro

0

50

100

150

200

250

300

350

400

450

500

9 10 11 12

GW

h

2007 2008

Month 9 10 11 12 SumBulgaria 2005 47 63 49 62 221

2006 39 56 53 63 2112007 38 49 67 0 1542008 55 70 78 86 289

Croatia 2005 14 5 10 6 352006 12 18 19 21 702007 25 15 29 21 902008 10 18 9 0 37

Greece 2005 89 95 91 84 3592006 63 65 73 79 2802007 95 105 80 90 3702008 98 105 104 110 417

Romania 2005 0 0 0 0 02006 4 6 5 1 162007 21 15 14 8 582008 4 7 4 19 34

Serbia 2005 92 48 34 100 2742006 48 74 54 46 2222007 106 144 99 44 3932008 29 100 106 79 314

Monthly pumps consumption (In GWh)

Monthly electricity consumption in 2005/2006/2007/2008 Serbia + Montenegro

0

500

1000

1500

2000

2500

3000

3500

4000

4500

5000

9 10 11 12

GW

h

2005 2006 2007 2008

14


Thermal electricity generation (In GWh)


2007 749 768 719 727 29632008 737 751 800 686 2974

Bulgaria 2005 1673 1989 2284 1892 78382006 1793 1654 1781 1797 70252007 2118 2325 2038 2193 86742008 2136 1786 2176 2239 8337

Croatia 2005 416 344 514 423 16972006 312 485 561 700 20582007 537 745 676 565 25232008 596 594 456 360 2006

Greece 2005 3542 3412 3568 3841 143632006 3535 3498 3564 3902 144992007 3812 3898 3914 4269 158932008 3919 3784 3624 3841 15168


2006 330 445 482 590 18472007 305 446 486 537 17742008 349 442 476 480 1747

Romania 2005 2511 2967 3697 3908 130832006 2666 3603 4217 4241 147272007 2419 2684 2833 2987 109232008 2755 2892 3113 2856 11616


2007 2039 2767 2821 3179 108062008 2397 2821 2979 2795 10992

Montenegro 2007 37 111 93 111 3522008 132 65 114 60 371

Serbia 2007 2002 2656 2728 3068 104542008 2265 2756 2865 2735 10621

Monthly thermal generation in 2005/2006/2007/2008 Bulgaria

0

500

1000

1500

2000

2500

9 10 11 12

GW

h

2005 2006 2007 2008

4

Monthly thermal generation in 2005/2006/2007/2008 Croatia

0

100

200

300

400

500

600

700

800

9 10 11 12

GW

h

2005 2006 2007 2008

Monthly thermal generation in 2005/2006/2007/2008 Bosnia and Herzegovina

0

100

200

300

400

500

600

700

800

900

9 10 11 12

GW

h

2005 2006 2007 2008

Monthly thermal generation in 2005/2006/2007/2008 Greece

0

500

1000

1500

2000

2500

3000

3500

4000

4500

9 10 11 12

GW

h

2005 2006 2007 2008

15


Monthly thermal generation in 2005/2006/2007/2008 Macedonia

0

100

200

300

400

500

600

700

9 10 11 12

GW

h

2005 2006 2007 2008

4

Monthly thermal generation in 2005/2006/2007/2008 Romania

0

500

1000

1500

2000

2500

3000

3500

4000

4500

9 10 11 12

GW

h

2005 2006 2007 2008

Monthly thermal generation in 2007/2008 Serbia

0

500

1000

1500

2000

2500

3000

3500

9 10 11 12

GW

h

2007 2008

Monthly thermal generation in 2007/2008 Montenegro

0

20

40

60

80

100

120

140

9 10 11 12

GW

h

2007 2008

Monthly thermal generation in 2005/2006/2007/2008 Serbia + Montenegro

0

500

1000

1500

2000

2500

3000

3500

9 10 11 12

GW

h

2005 2006 2007 2008

16


Hydro electricity generation (In GWh)


2007 226 290 495 516 15272008 222 347 343 695 1607

Bulgaria 2005 247 237 260 413 11572006 212 218 300 239 9692007 0 229 231 369 8292008 195 162 160 175 692

Croatia 2005 397 537 486 765 21852006 366 386 360 337 14492007 259 312 380 506 14572008 267 228 427 857 1779

Greece 2005 302 323 402 503 15302006 328 315 368 387 13982007 185 179 278 316 9582008 230 181 199 264 874


2006 71 112 107 96 3862007 91 60 93 157 4012008 77 57 60 75 269

Romania 2005 1613 1541 1434 1443 60312006 1701 1103 913 1084 48012007 1236 1417 1556 1488 56972008 923 1100 935 1262 4220


2007 735 770 1225 1330 40602008 828 575 770 1395 3568

Montenegro 2007 38 62 168 195 4632008 131 66 159 272 628

Serbia 2007 697 708 1057 1135 35972008 697 509 611 1123 2940

Monthly hydro generation in 2005/2006/2007/2008 Bosnia and Herzegovina

0

100

200

300

400

500

600

700

800

9 10 11 12

GW

h

2005 2006 2007 2008

Monthly hydro generation in 2005/2006/2007/2008 Bulgaria

0

50

100

150

200

250

300

350

400

450

9 10 11 12

GW

h

2005 2006 2007 2008

Monthly hydro generation in 2005/2006/2007/2008 Croatia

0

100

200

300

400

500

600

700

800

900

9 10 11 12

GW

h

2005 2006 2007 2008

Monthly hydro generation in 2005/2006/2007/2008 Greece

0

100

200

300

400

500

600

9 10 11 12

GW

h

2005 2006 2007 2008

17


Monthly hydro generation in 2007/2008 Montenegro

0

50

100

150

200

250

300

9 10 11 12

GW

h

2007 2008

Monthly hydro generation in 2007/2008 Serbia

0

200

400

600

800

1000

1200

9 10 11 12

GW

h

2007 2008

Monthly hydro generation in 2005/2006/2007/2008 Macedonia

0

20

40

60

80

100

120

140

160

180

9 10 11 12

GW

h

2005 2006 2007 2008

Monthly hydro generation in 2005/2006/2007/2008 Romania

0

200

400

600

800

1000

1200

1400

1600

1800

9 10 11 12

GW

h

2005 2006 2007 2008

Monthly hydro generation in 2005/2006/2007/2008 Serbia + Montenegro

0

200

400

600

800

1000

1200

1400

1600

9 10 11 12

GW

h

2005 2006 2007 2008

18


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


2007 975 1058 1214 1243 44902008 959 1098 1143 1381 4581

Bulgaria 2005 3145 3624 4179 4478 154262006 3348 3185 3492 4033 140582007 2789 3281 3605 3991 136662008 2998 3280 3728 3854 13860

Croatia 2005 813 881 1000 1188 38822006 678 871 921 1037 35072007 796 1057 1056 1071 39802008 863 822 883 1217 3785

Greece 2005 3844 3735 3970 4344 158932006 3863 3813 3932 4289 158972007 3997 4077 4192 4585 168512008 4149 3965 3823 4105 16042


2006 401 557 589 686 22332007 396 506 579 694 21752008 426 499 536 555 2016

Romania 2005 4407 4998 5571 5840 208162006 4491 5119 5605 5814 210292007 4294 4867 5259 5444 198642008 4604 4965 4968 5091 19628


2007 2774 3537 4046 4509 148662008 3225 3395 3749 4190 14559

Montenegro 2007 75 173 261 306 8152008 263 130 273 332 998

Serbia 2007 2699 3364 3785 4203 140512008 2962 3265 3476 3858 13561

Monthly electricity generation in 2005/2006/2007/2008 Bosnia and Herzegovina

0

200

400

600

800

1000

1200

1400

1600

9 10 11 12

GW

h

2005 2006 2007 2008

Monthly electricity generation in 2005/2006/2007/2008 Bulgaria

0

500

1000

1500

2000

2500

3000

3500

4000

4500

5000

9 10 11 12

GW

h

2005 2006 2007 2008

Monthly electricity generation in 2005/2006/2007/2008 Croatia

0

200

400

600

800

1000

1200

1400

9 10 11 12

GW

h

2005 2006 2007 2008

Monthly electricity generation in 2005/2006/2007/2008 Greece

0

500

1000

1500

2000

2500

3000

3500

4000

4500

5000

9 10 11 12

GW

h

2005 2006 2007 2008

19


Monthly electricity generation in 2005/2006/2007/2008 Macedonia

0

100

200

300

400

500

600

700

800

9 10 11 12

GW

h

2005 2006 2007 2008

Monthly electricity generation in 2005/2006/2007/2008 Romania

0

1000

2000

3000

4000

5000

6000

7000

9 10 11 12

GW

h

2005 2006 2007 2008

Monthly electricity generation in 2007/2008 Serbia

0

500

1000

1500

2000

2500

3000

3500

4000

4500

9 10 11 12

GW

h

2007 2008

Monthly electricity generation in 2005/2006/2007/2008 Serbia + Montenegro

0

500

1000

1500

2000

2500

3000

3500

4000

4500

5000

9 10 11 12

GW

h

2005 2006 2007 2008

Monthly electricity generation in 2007/2008 Montenegro

0

50

100

150

200

250

300

350

9 10 11 12

GW

h

2007 2008

20


Month 9 10 11 12 SumBulgaria 2005 1225 1398 1635 2173 6431

2006 1343 1313 1411 1997 60642007 671 727 1336 1429 41632008 667 1332 1392 1440 4831

Month 9 10 11 12 SumRomania 2005 283 490 440 489 3792

2006 124 413 475 489 15012007 639 766 870 969 32442008 926 973 920 973 3792

Nuclear electricity generation (In GWh)

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

Month 9 10 11 12 SumBosnia and 2005 165 146 -52 155 414Herzegovina 2006 131 131 121 4 387

2007 116 73 198 129 5162008 124 115 150 294 683

Bulgaria 2005 524 597 744 749 26142006 601 487 404 619 21112007 518 464 438 356 17762008 454 488 668 464 2074

Croatia 2005 -456 -449 -456 -466 -18272006 -423 -471 -529 -577 -20002007 -537 -745 -538 -679 -24992008 -552 -623 -597 -418 -2190

Greece 2005 -459 -469 -471 -430 -18292006 -486 -428 -524 -534 -19722007 -372 -278 -177 -228 -10552008 -424 -248 -447 -466 -1585

Month 5 6 7 8 SumMacedonia 2005 -62 -84 -183 -247 -576

2006 -169 -86 -162 -202 -6192007 -197 -204 -265 -278 -9442008 -235 -185 -169 -258 -847

Romania 2005 192 241 527 562 15222006 248 278 434 456 14162007 109 206 333 323 9712008 212 326 340 385 1263

Serbia+ 2005 56 -38 -114 -360 -456Montenegro 2006 -99 -196 -320 -444 -1059

2007 -374 -452 -291 -256 -13732008 -77 -272 -213 -301 -863

Montenegro 2007 -270 -195 -157 -160 -7822008 -102 -230 -102 -86 -520

Serbia 2007 -104 -257 -134 -96 -5912008 25 -42 -111 -215 -343

Monthly exchanges in 2005/2006/2007/2008 Bulgaria

0

100

200

300

400

500

600

700

800

9 10 11 12

GW

h

2005 2006 2007 2008

Monthly exchanges in 2005/2006/2007/2008 Bosnia and Herzegovina

-100

-50

0

50

100

150

200

250

300

350

9 10 11 12

GW

h

2005 2006 2007 2008

Monthly nuclear generation in 2005/2006/2007/2008 Bulgaria

0

500

1000

1500

2000

2500

9 10 11 12

GW

h

2005 2006 2007 2008

Monthly nuclear generation in 2005/2006/2007/2008 Romania

0

200

400

600

800

1000

1200

9 10 11 12

GW

h

2005 2006 2007 2008

21


Monthly exchanges in 2005/2006/2007/2008 Macedonia

-300

-250

-200

-150

-100

-50

09 10 11 12

GW

h

2005 2006 2007 2008

Monthly exchanges in 2007/2008 Montenegro

-300

-250

-200

-150

-100

-50

09 10 11 12

GW

h

2007 2008

Monthly exchanges in 2005/2006/2007/2008 Romania

0

100

200

300

400

500

600

9 10 11 12

GW

h

2005 2006 2007 2008

Monthly exchanges in 2005/2006/2007/2008 Greece

-600

-500

-400

-300

-200

-100

09 10 11 12

GW

h

2005 2006 2007 2008

Monthly exchanges in 2005/2006/2007/2008 Croatia

-800

-700

-600

-500

-400

-300

-200

-100

09 10 11 12

GW

h

2005 2006 2007 2008

Monthly exchanges in 2007/2008 Serbia

-300

-250

-200

-150

-100

-50

0

50

9 10 11 12

GW

h

2007 2008

Monthly exchanges in 2005/2006/2007/2008 Serbia + Montenegro

-500

-400

-300

-200

-100

0

100

1 2 3 4

GW

h

2005 2006 2007 2008

22

Balkan Energy NEWS, e-journal Issue No: 2009-IV/1 - issue covers period 01.4.2009-16.4.2009

Joint construction of NPP announced once again (Albania & Croatia)

Almost all media in the region reported that Croatia and Al-bania have been continuing preliminary discussions related to joint construction of nuclear power plant (NPP) in Albania.

As recalled, the construction of NPP was recently announced during the visit of vice prime minister of Croatia Damir Po-lancec to Albania in the second half of March. At the time, it was announced that two countries should sign Memorandum of understanding on this issue by the end of April.

Spokesperson of ministry of economy of Croatia Tomislav Ma-zal confirmed that Croatia and Albania would sign memoran-dum of understanding for construction of NPP by the end of April, while experts from two countries should establish work team that should analyze this project.

Earlier, spokesperson of government of Croatia Zlatko Mehun said the initiative for this project came from Albania during the recent visit of prime minister of Albania to Croatia. According to Mehun, Albania believes that Croatia’s experience in con-struction and operation of NPP Krsko would be good reference for the project. However, two countries still did not reach any concrete agreement on this issue, Mehun said.

Media in Montenegro also reported that prime minister of Croatia Ivo Sanader and his counterpart in Albania Sali Berisha should sign the protocol for construction of NPP by the end of April.

The future NPP should be built near Skadar Lake, on the border between Albania and Montenegro (the lake belongs more to Montenegro). NPP should have 1,500 MW output, and it should be built by Croatian power utility (HEP).

Officials from Montenegro earlier reminded that construction of NPPs is not allowed in Montenegro. Also, Montenegro hopes that international conventions related to construction of NPPs will not be breached, i.e. all neighboring countries should issue approval for the project.

Commenting the latest announcements, prime minister of Montenegro Milo Djukanovic said that talks on future NPP are in preliminary phase so that Montenegro would be able to pro-tect its interests if necessary.

§ § §

Alpiq to build hydro power plants in Albania (Albania)

Swiss Alpiq (former Atel) plans to build hydro power plants in Albania, with total investment value of 130 million eorus. Alpiq

plans to realize this project by forming consortium with local Hydro Power Nord Albania.

Alpiq and Hydro Power Nord Albania won a tender for con-struction of 80 MW HPPs in north of Albania.

§ § §

EP HZHB against merger with EP BiH (Bosnia and Herzegovina)

Power utility of Herzeg Bosnia (EP HZHB), one of two power utilities in Federation of Bosnia and Herzegovina (BiH), said in an official statement it was against the merger with the other power utility in the entity, the Power utility of BiH (EP BiH).

EP HZHB believes that problems in electricity sector would not be resolved through merger. The company protested against several statements of highest officials of EP BiH related to merger of two companies.

In the related news, EP HZHB said it was not interested in con-struction of nuclear power plants (NPP), while construction of thermal power plant (TPP) Kongora would be built only if this was approved by local community in Tomislavgrad. By this statement, the head of EP HZHB Matan Zaric denied news pub-lished by some media that EP HZHB is interested in construc-tion of NPPs and TPPs.

Zaric also said that there are problems related to construction of TPP Kongora. According to him, the future TPP would not harm the environment. If local municipality does not issue the approval for start of exploration works in Kongora, EP HZHB will join EP BiH in project for construction of TPP Bugojno, Zaric said.

EP HZHB also confirmed that municipality of Livno invited the company to reconsider the construction of TPP in Livno.

§ § §

Parliament of RS adopted new Oil law (Bosnia and Herzegovina)

In the first half April, the parliament of Republic of Srpska (RS) voted the new Oil law. The law envisaged that Regulatory en-ergy commission (REC) would be responsible for oil sector too (so far, REC was responsible for electricity and natural gas sec-tors).

Minister of industry, energy and mining of RS, Slobodan Puha-lac said that, according to new law, the companies would be allowed to get involved in oil business after REC issues neces-sary permits.

Minister also said that government could set the methodology for setting the highest prices of oil and oil derivatives. The Law defined mandatory reserves of oil and oil derivatives aimed to provide security to both economy and citizens. In addition, the law defined market rules in oil sector.

News:

23


§ § §

Government of RS to make study on wind power potential (Bosnia and Herzegovina)

Spokesperson of ministry of industry, energy and mining of Republic of Srpska (RS) Aleksandra Vukasinovic said that more than ten companies have expressed interest for development of wind farms in RS. However, due to complicated procedures and lack of feasibility studies, the ministry did not reconsider any of those requests, Vukasinovic said.

Vukasinovic announced that study on wind power potential should be completed by the end of this year. The study should be funded by donation provided by German KfW Bank, which will handle tender procedure for selection of the company that will conduct wind measurements.

On the other hand, other entity in the country, Federation of Bosnia and Herzegovina (BiH) has made the wind power study that estimated wind power potential at between 400 MW and even 2,000 MW.

Recently, company Vjetroenergetika BiH was granted conces-sion for construction of wind farm near Mostar. The company said it took four years to provide necessary permits. The future wind farm will be built in cooperation with Power utility of BiH (EP BiH) and it should have 16 wind turbines with overall out-put of 46 MW.

§ § §

ERS negotiates with RWE on construction of HPPs on Drina River, EPS has no knowledge of that (Bosnia and

Herzegovina & Serbia)

Republic of Srpska (RS) has been negotiating with German RWE on joint construction of hydropower plants (HPPs) on Drina River. According to sources, RWE should be granted majority stake in the project, despite the fact that ERS and Power utility of Serbia (EPS) have signed cooperation protocol that envis-aged equal stake for two companies in this project.

Sources also say prime minister of RS Milorad Dodik sent this proposal to his counterparts in Serbia. According to new plan, RWE should own 50 % shares in the future company HE Gornja Drina, while ERS and EPS should own 25 % stake each.

The project on Drina includes construction of four HPPs, HPP Buk Bijela and HPP Foca (during the first stage), HPP Paunci, and HPP Sutjeska (during the second stage). The future HPPs should produce some 800 GWh of electricity per year.

General manager of EPS, Dragomir Markovic, said that this project is very important for EPS, but the final and mandatory agreements are yet to be signed. Both EPS and government of Serbia said ERS had not informed them on potential participa-tion of third companies in the project.

State secretary in ministry of energy and mining of Serbia Dusan Mrakic said that EPS could not be excluded from the

project, since the project simply could not be developed with-out participation of Serbia.

§ § §

Statkraft to abandon projects in RS, government denies rumors (Bosnia and Herzegovina)

PR official of ministry of industry, energy and mining of Repub-lic of Srpska (RS), Aleksandra Vukasinovic said that Norway’s Statkraft is still interested in investments in energy sector in RS.

She denied recent statement from the ministry that Statkraft would abandon hydropower projects on Vrbas River due to global financial crisis and due to high cost of particular projects. Vukasinovic said that Statkraft should officially confirm con-tinuation of particular projects very soon. However, she said that Statkraft earlier spoke about possible cancellation of the project.

The project on Vrbas River refers to construction of four small hydropower plants (HPPs). According to initial plans, an-nounced in the last year, overall output of those HPPs should be between 75 and 80 MW. Government of RS and Statkraft signed Agreement on cooperation for this project in January 2008.

The feasibility study showed that most profitable option would be construction of two 17 MW HPPs, on sites Trno and Laktasi. Total cost of this part of the project is estimated at 60 million euros. According to original plans, preparations works should start in September this year.

Ministry of energy of RS pointed out that cooperation with Statkraft and another Norway’s company Technor Energy opens room for new investments of government of Norway in RS.

In the related news, officials from Technor Energy announced that preparation works for construction of small HPPs Cijevna 1 and Cijevna 2 should start in September this year. HPPs will be built on Bosnia River, near Doboj. Technor Energy should build six HPPs on Bosnia River with overall output of 76 MW.

§ § §

Merger of EP BiH and coalmines proceeds as planned (Bosnia and Herzegovina)

The commission in charge for the merger of Power utility of Bosnia and Herzegovina (EP BiH) and seven coalmines held its second meeting in mid April.

The commission, headed by general manager of EP BiH, Amer Jerlagic, said in a report that all activities are going in accord-ance to plans. The commission also reconsidered business plans of future integrated company.

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The next meeting should take place in May. It is expected that shareholders’ assembly of EP BiH should decide on takeover of government’s stake in the coalmines.

§ § §

Government to perform audit on privatization of Energopetrol (Bosnia and Herzegovina)

Government of Federation of Bosnia and Herzegovina (BiH) de-cided to hire independent audit company to analyze business performance of oil company Energopetrol.

The government decided to take this step after it was unsatis-fied by the performance of Energopetrol and pace of invest-ments made by the new owner, the consortium INA-MOL. Government, which owns 22 % stake in Energopetrol, even an-nounced it could reconsider cancellation of privatization con-tract. The auditor should be selected by mid May.

Prime minister Nedzad Brankovic said that 4.6 million euros of losses posted in the last year was the partly consequence of poor management. Brankovic called the new owner to settle debts to the former employees in accordance to privatization contract as soon as possible.

According to data presented by Privatization agency, so far, new owner has invested some 20-30 % of the 10 million euros that should have been invested in the first year.

As recalled, in 2006, the government and Croatian-Hungarian consortium INA-MOL signed the agreement for recapitaliza-tion of Energopetrol. INA-MOL paid some 36 million euros for 67 % of shares in Energopetrol and the new owner was obliged to invest some 75 million euros in three-year period.

§ § §

SEWRC fined CEZ for continuation of quarterly billing (Bulgaria)

State Energy and Water Regulatory Commission (SEWR) fined CEZ with 255,000 euros after electricity distributor ignored rul-ing of SEWRC regarding cancellation of quarterly billing. April 1 was the deadline for CEZ to impose monthly billing.

CEZ filed the complaint against the decision reached by SEWRC in December last year, saying it was not ready to change the billing procedure. Also, the monthly billing will incur additional costs of 5.5 million euros for the company, the regional director of CEZ Lubos Pavlas said. CEZ even proposed to lower electric-ity prices by 0.1 eurocents/kWh starting from July if regulator approves quarterly billing. This was rejected by SEWRC.

SEWRC said it has given additional three months (until July 1) to CEZ to start monthly billing. CEZ delivers electricity to some 2 million customers in Western Bulgaria and in capital Sofia.

§ § §

German companies to invest 1.3 billion euros in wind farms (Bulgaria)

German company N-Vision Energy plans to build two wind farms in Bulgaria. The overall investments should reach 300 million euros, where some 75 % of the funds should come from loans. The wind farms should be completed until 2011, where overall power output will be 240 MW.

So far, N-Vision has completed projects with overall output of 900 MW. The company has local offices in Greece, France, Croatia, Spain and Italy.

Another German company, Enertrag said it plans to invest 1 billion euros for construction of three wind farms, with overall output of 600 MW, in the area of Dobrich. The projects should be completed by 2017, where the company should invest 30 % of its own funds in the projects. The company should complete one wind farm on Black sea cost by the end of the year.

In the related news, according to the data presented at energy efficiency and renewable conference in Sofia, Bulgaria has po-tential for construction of 3,000 MW in wind farms.

§ § §

Unit 5 in NPP Kozloduy switched-off for regular overhaul (Bulgaria)

On April 11, unit 5 (1,000 MW) in nuclear power plant (NPP) Kozloduy was disconnected from the power grid for purpose of regular annual overhaul.

The disconnection was in accordance to overhaul timetable approved by national transmission system operator, ESO.

During the overhaul, the unit will be refueled with fresh nuclear fuel. The unit should be back in service by the end of May.

§ § §

Government in favor of construction of new natural gas network for South stream project (Bulgaria)

Minister of economy and energy Petar Dimitrov said once again he was against the possibility for using the existing natu-ral gas network in Bulgaria as a part of the future South stream pipeline.

In February, Minister Dimitrov said that Gazprom proposed such option to Bulgaria. Dimitrov was against proposal, since Gazprom would gain 50 % ownership over existing natural gas transit network in Bulgaria. In the same time, Bulgaria would not diversify its natural gas supplies, which was one of the goals of the project. Because of that, the minister was strongly in favor of construction of parallel network across the country.

On the other hand, Russian media said Gazprom still did not receive official denial for this option. Bulgarian media recently said that Russian side would insist on their proposal for us-

25


ing the existing network for the purpose of the South stream project.

The agreement on South stream project is expected to be reached during the energy summit in Sofia on April 24-25 or few days later during the visit of Bulgarian prime minister to Russia.

§ § §

EVN and Alpine Bau to takeover Turkish part of the Gorna Arda project (Bulgaria)

Deputy minister of economy and energy Valentin Ivanov said that consortium of Austrian companies, EVN and Alpine Bau, have reached an agreement for purchase of Turkish part of hydropower project Gorna Arda project. Turkish part in the project is owned by successor of Cheylan Holding, the com-pany CCG Insaat Sanayi Yatirim Ve Turizm.

Ivanov announced that National electric company (NEK), who controls 69.9 % stake in Gorna Arda project, and Austrian con-sortium should negotiate on changes in joint venture compa-ny. The negotiations should be completed by the end of the month.

The minister of economy and energy Petar Dimitrov later confirmed the news. Dimitrov believes that Turkish company should withdraw compensation request against NEK at the Paris Court by mid May. As recalled, Turkish side claimed 75 million euros compensation saying the NEK wanted to exclude them from the project.

As recalled, Gorna Arda project has been stalled for the past ten years. The project was initiated in 1998 under power-for-infrastructure cooperation agreement between Bulgaria and Turkey. Bulgaria said the project failed due to bankruptcy of Turkish partners. The project, a part of national energy strat-egy, includes construction of three hydropower plants with overall output of 170 MW.

§ § §

BEH to establish renewable energy division (Bulgaria)

Bulgarian energy holding (BEH) plans to establish special divi-sion that will be in charge for development of renewable en-ergy projects. The division should be established by the end of the year, CEO of BEH Galina Tosheva said.

According to official plans, Bulgaria should produce 12 % of electricity from renewable energy sources (RES) until 2010 and 16 % until 2020.

§ § §

Bulgaria and Qatar interested in joint construction of LNG terminal (Bulgaria)

President of Bulgaria Georgi Parvanov and Qatar’s emir Hamad bin Khalifa Al Thani confirmed joint interest in construction of liquefied natural gas (LNG) terminal in Bulgaria. This was said during the visit of Qatar’s emir to Sofia in mid April.

According to the earlier statement of minister of economy and energy, Petar Dimitrov, Bulgaria will try to diversify its natural gas supplies. By 2020, some 40 % of natural gas import should come via TGI pipeline across Greece, through Nabucco pipeline and through LNG terminal. In this moment, entire Bulgaria’s natural gas import comes from Russia.

Dimitrov said that priorities should be construction of LNG in-frastructure (does not exist in this moment), expansion of stor-age facility in Chiren and construction of new storage facilities. In addition, Bulgaria will be involved in construction of natural gas links with Greece, Serbia, Romania and Turkey.

§ § §

LNG Croatia to be established (Croatia)

Croatian oil industry (INA), Croatian power utility (HEP) and natural gas transmission company Plinacro signed a statement for establishment of new company LNG Croatia.

The news was first published by local press, and it was later confirmed by officials from HEP.

According to announcements, INA will hold 56 % stake in new company, while HEP and Plinacro will control 40 % and 4 % stake, respectively. LNG Croatia will have Supervision board headed by the representative of the government, while the members will be appointed by three companies.

LNG Croatia will become member of Adria LNG consortium, which will be responsible for construction of liquefied natu-ral gas terminal (LNG) on Krk Island. By the latest agreement, Croatian companies resolved problems regarding their partici-pation in the project that lasted for a while. It is expected that LNG Croatia would be included in Adria LNG consortium by the end of May.

Adria LNG consortium was established by E.ON Ruhrgas, OMV, Total, RWE and Geoplin. The consortium reserved 25 % stake in the project for Croatian companies. The head of Adria LNG, Michael Mertl recently invited Croatian partners to get in-volved in the project as soon as possible. According to latest announcements, LNG terminal, with capacity of 10-15 billion cbm per year, should be operational in 2014.

Several local experts were against granting the majority stake in LNG Croatia to INA, which is majority owned by Hungarian MOL. Former director of INA believes that Plinacro should own majority stake in LNG Croatia due to strategic importance of future terminal for Croatia.

§ § §

26


INA to postpone investments due to global crisis (Croatia)

Local press reported that Croatian oil industry (INA) plans to re-duce investments in this year, while new investments would be postponed due to global economic crisis.

According to sources, the company will continue ongoing in-vestments, but it will try to negotiate better financial terms for making the payments for particular projects. INA will try to postpone deadlines for payments until 2010, sources said.

INA refused to comment latest headlines, yet PR division of INA said that company would adjust its activities in accordance to current market development.

As recalled, in the last year, INA posted loss of 150 million eu-ros.

§ § §

HEP Group signed agreement on new corporate governance model (Croatia)

In mid April, the chair of the management of Croatian power utility (HEP), the parent company in HEP Group, Ivan Mravak and directors of subsidiary companies, the HEP Production, HEP Transmission, HEP Distribution, HEP Trade and HEP Supply have signed new Agreement on mutual relations.

The agreement is the most important internal document of the Group. According to the agreement, the parent company is the founder and sole owner of the subsidiaries, which are given as-sets of the parent company only for management.

§ § §

Hellenic Petroleum to close refinery due to maintenance (Greece)

Hellenic Petroleum SA plans to shut the largest of its three oil refineries in Greece, later in 2009, due to maintenance, cutting supplies ahead of peak winter demand for heating fuels. Main-tenance at the Aspropyrgos refinery will begin in early Septem-ber, Mr. Evangelos Stranis, a company spokesman, said in a in-terview to local press.

The full shutdown, which was originally scheduled to take place in the first half, will last about a month, a company official said, declining to be identified because he is not authorized to speak publicly about the work. He didn’t give a reason for the delay.

The Aspropyrgos plant can process 7.5 million metric tons of oil a year. European refiners tend to conduct maintenance in the spring and autumn ahead of peak demand for gasoline in the summer and rising consumption of heating oil in the winter

§ § §

EVN Macedonia asks for electricity price increase (Macedonia)

According to EVN Macedonia officials, electricity price must be increased from current average of 3.4 denars for KWh to 3.7 denars for KWh (8.8%).

According to ELEM, they are currently calculating needed electricity price, and they are speculations that MEPSO will also request for electricity price increase.

Regulatory comission officials said that they have not received reports from these companies, and until they are received and analyzed, no increase is possible.

Previous electricity price increase was 13.5%.

§ § §

3 bids for „Cebren” and „Galiste” (Macedonia)

3 bids were submitted before closure of tender for concession and construction of HPPs „Cebren” and „Galiste” on Crna reka. Bids were submitted by Italian „Enel Spa”, German/Slovenian „RWE and HSE” (Holding Slovenske Elektrane) and Austrian „Verbund”.

Tender commission will announce winner of the tender after evaluation of offers.

The tender for construction of HPPs was cancelled in the be-ginning of December last year, while the new, third tender was published in the second half of December last year. HPPS will be pump storage hydropower plants with capacity Cebren (347 MW) and Galiste (194 MW). Two HPPs should produce overall amount of 1.1 TWh of electricity per year, where esti-mated cost of the construction is some 540 million euros.

§ § §

Court help needed to repair power cable (Macedonia)

EVN Macedonia will request help from court, in order to repair underground power cable, supplying around 600 households. Problem came when failure occured in 20KV power cable, on a place that is located under private house. By this time, failure left households unpowered for a week.

Owner of the house did not allow EVN Macedonia workers to repair the cable, and did not accept any of the offered so-lutions. A lawsuit for „Obstruction of electricity supply” was filled.

§ § §

27


EPCG published tender for import of electricity in period June-December (Montenegro)

In the beginning of April, Power utility of Montenegro (EPCG) has published a tender for import of 987 GWh of electricity in period June-December this year. The deadline for submitting the bids is April 29, while the winners in the tender will be se-lected within a month. The main tender criterion is the least offered price.

EPCG plans to import 228.8 GWh of electricity during night (between 00:00-07:00 CET) and 758.3 GWh during day (07:00-24:00 CET).

In June, EPCG plans to import 41.1 GWh of electricity, in July 196.23 GWh, in August 229.555 GWh, in September 192.9 GWh, in October 104.3 GWh, in November 94.5 GWh, and fi-nally, electricity import in December should be 128.495 GWh.

EPCG divided requested amount in 14 lots, where bids could be submitted for all, for particular lots, or for part of the lot, where minimum bid should be 5 MWh/h.

EPCG estimated the worth of the procurement at some 54 mil-lion euros.

EPCG and winners in the tender will sign preliminary agree-ments, where final agreements will be signed with companies that win the contracts for the first four lots. Particular lots refers to deliveries in June, July, August and September, where re-quired amount of electricity is 36 GWh, 81.84 GWh, 81.84 GWh and 79.2 GWh, respectively.

The signing the contracts for the rest of lots will be, if neces-sary, agreed through additional public invitations for the bid-ders that sign preliminary agreements.

§ § §

Deadline in the tender for privatization of EPCG not to be extended (Montenegro)

Officials from tender commission for privatization of Power utility of Montenegro (EPCG) said that deadline for submitting the bids would not be extended although this was demanded by several companies.

The unnamed officials from tender commission denied previ-ous news that government of Montenegro has been reconsid-ering an option for prolonging the deadline. Local press said that several companies called for extension, so that they could complete application procedures.

According to rules, the government could prolong the dead-line five days before expiration of original deadline. As recalled, the tender for privatization and recapitalization of EPCG was published on February 2, where the deadline is April 30.

So far, tender documentation was purchased by Italian compa-nies Edison and A2A, Russian Inter RAO, Power utility of Serbia (EPS) and Norwegian NTE. This was less than expected since

some 20 companies recently took part in the investors’ confer-ence for privatization of EPCG.

The future strategic partner will be offered to purchase up to 45 % stake in EPCG (partly through recapitalization and partly through purchase of the shares from the government and from minority shareholders). In addition, the future partner will be offered five-year management contract.

The partner, interested in acquiring majority stake in EPCG, will be obliged to post overall profit of at least 240 million euros after expiration of five-year period. This condition was seen as unrealistic for some potential partners. In the same time, the strategic partner will be obliged to increase output of thermal power plant Pljevlja and hydropower plant Perucica and to in-stall 175,000 of new electricity meters.

The government expects that overall worth of transaction could reach between 300 and 500 million euros.

§ § §

Transmission system operator listed on stock exchange (Montenegro)

Montenegro’s electricity transmission system operator, Prenos AD, which was recently separated from Power utility of Mon-tenegro (EPCG) into independent company, was officially listed on Montenegro stock exchange in the first half of April.

The overall capital of Prenos is 120 million euros, while nominal share price is 1.06 euros. During the first trade day, buyers of-fered 12 eurocents/share.

The state owns 70 % stake in Prenos, while investors’ funds and minority shareholders own the rest.

§ § §

Martifer to takeover development of 35 MW wind farm in Dobrogea County (Romania)

The local press reported that Portuguese company Martifer, i.e. its local subsidiary Eviva Energy, has been involved in negotia-tions for takeover of project for construction of 35 MW wind farm at Babadag, in Dobrogea County. The sources said that worth of the transaction could reach 7 million euros.

In the last year, Eviva Energy purchased 10 % of stake in lo-cal company Ground Investment, which has been developing abovementioned wind farm.

General manager of Martifer Renewables, Manuel Silvia re-fused to comment the latest rumors.

The local press also said that Martifer has been developing its own wind farm, with 35 MW output, near the Ground Invest-ment’s wind farm in Babadag. The company earlier said its goal is to build 400 MW in wind farms in Romania by 2012, where total investments should reach 600 million euros.

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In the related news, Danish company Vestas confirmed that an-other Portuguese company, Energias de Portugal (EDP), has or-dered wind turbines with overall output of 228 MW that should be installed in Romania. In the end of 2008, overall output in Romanian wind farms reached 76 MW.

In the related news, minister of economy Adriean Videanu said that up to date requests for development of wind farms have far exceeded balancing capacity of national electricity system.

§ § §

EnergoNuclear appointed management, rumors on reducing government’s stake in Cernavoda project

(Romania)

In the beginning of April, EnergoNuclear, the project company for construction of units 3 and 4 in nuclear power plant (NPP) Cernavoda, held its first shareholders assembly. The assembly appointed Dan Ionescu, the official from Romanian Energy Regulatory Authority (ANRE), to be a general manager of Ener-goNuclear.

The assembly also appointed Tudor Serban, the state secretary in ministry of economy, to be the chair of the board of direc-tors.

EnergoNuclear was established by Nuclearelectrica (51 % stake), GDF Suez, RWE and Enel (9.15 % each) and ArcelorMittal and Iberdrola (6.2 % each).

The construction of units 3 and 4, with 700 MW output each, should start in 2010-2011, while the units should be put in serv-ice in 2015-2016, according to latest estimations. The cost of the project is estimated at 4 billion euros.

Local sources also said that foreign investors were in favor of appointing different management team, but the change of at-titude came after government decided to reduce its stake in the project, sources said. The main reason for this would be the fact that government lacks funds for the project. As recalled, the initial plans for the project envisaged that no one, neither state nor strategic partners, would have majority control in the project.

Initially, minister of economy Adriean Videanu, rejected such claims saying the state would not reduce its stake in the project, but later said that government could be more flexible in this sense. Videanu, however pointed out that government would not give up the project. In this year, the government will pro-vide some 15 million euros for its share in EnergoNuclear.

Minister also said that government should decide on the loca-tion of the second NPP in Romania in September. According to plans, construction of the second NPP in Romania would start until 2020.

§ § §

Hidroelectrica estimates Q1 profit at 20.5 million euros (Romania)

Electricity producer Hidroelectrica expects to post 20.5 million euros of gross profit in the first quarter of 2009, which would be 1 % higher compared to the same period last year. Total revenues should reach 127.5 million euros (+1 %). Increase in profit was the consequence of higher electricity prices.

The rise in profit is expected despite 13 % decline in produc-tion, the company said. In the first three months in this year, overall electricity production reached 3.8 TWh compared to 4.4 TWh last year. Decline in production was consequence of weaker hydrology, the company said.

In this year, the company plans to produce 15.2 TWh of elec-tricity. In the last year, overall electricity production reached 17 TWh.

The estimated total revenue of Hidroelectrica in 2009 should reach 625 million euros; the gross profit should reach 17.5 mil-lion euros, while overall investments should reach 275 million euros.

§ § §

3 % decrease in natural gas prices from May 1 (Romania)

Prime minister of Romania Emil Boc announced that natural gas prices would be reduced by 3 % starting from May 1. PM Boc said that national energy regulatory authority ANRE should approve price reduction.

ANRE recently decided not to change natural gas prices during April, in order to enable suppliers to recover part of their losses from the last year.

E.ON Gaz Romania, one of leading natural gas distributors in the country, believes that price of natural gas should decrease over medium term and not immediately from May 1. The com-pany believes that price reduction would not be in accordance to actual costs. In addition, the price reduction in this moment, could led to increase in prices in the future, E.ON Gaz Romania believes.

§ § §

Unplanned outage of unit 2 in NPP Cernavoda (Romania)

At 15:00h on April 7, unit 2 (700 MW) in nuclear power plant (NPP) Cernavoda suffered unplanned outage. The company said the outage happened after loss of electricity supply in primary circuit caused by unexpected reaction of protection equipment.

The company said that all safety systems reacted properly, where plant’s staff carried out planned procedure for such events. The unit 2 was restarted on April 9, at 16:00.

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The lack of production was compensated by starting 300 MW unit in Turceni, 200 MW unit in Braila and 150 MW unit in Isal-nita.

§ § §

Romgaz to build 400 MW power plant (Romania)

State-owned natural gas producer Romgaz said it still wants to build its own power plant. This was said by the deputy general manager of the company Lucian Stancu. The company believes that new power plant will make savings for the company.

Stancu said that new power plant should have 400 MW output or more. According to him, overall electricity consumption of Romgaz is some 100-120 MWh/h.

In 2009, Romgaz plans to invest some 210 million euros or some 1.4 % lower compared to last year. The investments will relate to modernization works and geological researches aimed to discover new natural gas deposits.

In the last year, Romgaz produced 5.85 billion cbm of natural gas or some one third of overall national needs.

§ § §

Restructuring of electricity sector to be finalized in this year (Romania)

Minister of economy Adriean Videanu said that restructuring of electricity sector, which will led to establishment of two to four integrated companies, should be completed in this year.

Videanu said the issue of restructuring is being discussed with each involved company. He did not give the details regarding the particular companies.

Minister announced that restructuring model would be differ-ent to one earlier endorsed by Authority for State Assets Re-covery (AVAS). The new model will also include public private partnerships and joint venture projects.

In the same time, minister Videanu confirmed that Memo-randum for construction of pump storage hydropower plant Tarnita-Lapustesti was approved by the government, while the consultant for the project should be selected soon.

According sources, the latest restructuring scenario leaves Nu-clearelectrica, Romgaz and Electrica out of future integrated energy companies.

The inclusion of electricity distributor Electrica would discrimi-nate other local electricity distributors that do not have its own production, sources say.

According to sources, the government will establish two inte-grated energy companies. The first company will include hy-dropower plant (HPP) Iron Gates, Electrocentrale Bucharest, thermal power plants (TPPs) Mintia, Paroseni and Deva, Roma-

nian Authority for Nuclear Activities (RAAN) and National Coal Company.

The second company will include hydropower plants (HPPs) on Lotru and rest of the HPPs, energy complexes in Turceni, Rovi-nari and Craiova and Oltenia National Coal Company (SNLO).

Sources say the restructuring model will enter pubic debate in May, while the necessary legislative procedure will take some 2-3 months.

§ § §

Transelectrica to invest 110 million euros for upgrade of substations (Romania)

Electricity transmission system operator Transelectrica should invest some 110 million euros for upgrade of substations dur-ing this year, which would be 35 % higher compared to the last year. The investment includes 33 million euros for payment of loans.

The company said it would continue modernization works in substations Gutinas, Bucharest South, Cernavoda, Isalnita, Gura Ialomiţei and Lake Sarat.

In this year, the company should carry on feasibility studies for construction of 400kV links between Transylvania and Moldo-va, for interconnection links toward Serbia, Moldova and for submarine power cable toward Turkey.

§ § §

EC Craiova to post 1.8 million euros of profit in Q1 (Romania)

Electricity and heat producer, Energy complex (EC) Craiova ex-pects to post overall turnover of 78.5 million euros in the first quarter of the year, which would be 19.5 % higher compared to the same period in the last year. In the same time, the net profit should reach 1.8 million euros (-44 %).

The rise in income was explained by rise of electricity prices for certain customers, while drop in profit was the consequence of reduced production and increased operational costs. The com-pany said the result was certainly affected by global financial crises.

EC Craiova plans to post annual turnover of 276 million euros (+ 3 %), while net profit should reach 2.85 million euros, higher three times compared to the last year. In 2009, total invest-ments should reach some 70 million euros.

In last year, the company managed to sign important supply contract with the largest company in local market, oil and gas company Petrom.

EC Craiova, with total output of 930 MW, is the third largest power plant in the country, after Turceni and Rovinari.

30


The company announced it would publish tender procedure for reducing the emission of greenhouse gasses in branch Craiova 2 on May 14. The worth of the contract is some 4.7 million eu-ros, and the project should be completed in 8-month period.

EC Craiova plans to find strategic partners interested in con-struction of 500 MW unit in Isalnita branch and 150-200 MW unit in Craiova branch. In period 2010-2016, total investments for increase of capacity should reach 600-700 million euros.

On April 2, ministry of economy, the majority owner of EC Craio-va, has published public invitation for expression of interest in the project for construction of 500 MW in Isalnita. The company is interested in establishment of joint venture company for this project, where strategic partner should have majority stake.

EC Craiova will invest existing assets in Isalnita in the joint ven-ture company, while strategic partner will be obliged to invest cash. The future power plant should act as independent elec-tricity producer. The deadline for submission of letters of inter-est is mid May.

§ § §

State-owned electricity producers obliged to conduct electricity trade on OPCOM (Romania)

According to the decree signed by the minister of economy Adriean Videanu on March 10, all state-owned electricity pro-ducers will be obliged to sell electricity only through OPCOM, the Romania’s power exchange. The decree, effective starting from April 1, was aimed to increase market transparency.

Local press said the minister decided to reactivate old decree after no company signed a sale contract through market for Bilateral Contract Market (PCCB) on OPCOM in three-month period.

The old decree signed in 2006, envisaged that Nuclearelectrica, Hidroelectrica, Turceni, Rovinari and Craiova were obliged to sell electricity only through OPCOM, while the new decree re-fers to all electricity producers owned by the state, i.e. it also in-cludes RAAN, Termoelectrica, Electrocentrale Bucharest, Galaţi, Midia and Deva.

§ § §

Report on energy resources in period January-February (Romania)

According to National Institute of Statistics (INS), primary ener-gy resources in period January-February reached 5.488 million tons of oil equivalent (toe), which was 20.0 % lower compared to same period last year. The domestic production reached 3.937 million toe (-6.1 %), while import of primary energy re-sources reached 1.550 million toe (-41.9 %).

The coal resources amounted to 1.168 million toe (-19.5 %), where domestic production reached 0.938 million toe (-9.2 %) and import reached 0.230 million toe (-45.0 %).

Oil resources amounted to 1.677 million toe (-17.7 %), where domestic production reached 0.715 million toe (-3.3 %) and im-port reached 0.962 million toe (-25.9 %).

Natural gas resources amounted to 1.733 million toe (-28.6%), where domestic production reached 1.580 million toe (-6.6 %) and import reached 0.152 million toe (-79.3%).

Electrical energy resources reached 10.971 TWh, which was 1.241 TWh or 10.2 % lower compared to the same month last year. The domestic electricity production was decreased by 1.317 TWh (-10.9 %).

The production in thermal power plants (TPPs) was reduced by 0.988 TWh (-13.6 %), while the production in hydropower plants (HPPs) was reduced by 0.350 TWh (-12.5 %). The produc-tion in nuclear power plant (NPP) Cernavoda was increased by 0.023 TWh (+1.1 %).

The domestic electricity production amounted to 97.9 % of overall electricity resources, while electricity import amounted to 2.1 % of overall electricity resources. The production in ther-mal power plants amounted to 58.4 % of overall electricity pro-duction, production in hydropower plants amounted to 22.9 %, while production in nuclear power plants amounted to 18.7 % of overall electricity production.

Overall electricity consumption amounted to 8.531 TWh (-7.9 %), where 58.3 % was spent by industry and 18.2 % by house-holds. In the same period, electricity export was reduced by 281.7 GWh (-23.5 %).

§ § §

Hidroelectrica to select advisor for project HPP Tarnita-Lapustesti (Romania)

Electricity producer Hidroelectrica should announce public in-vitation for selection of the advisor in the project for construc-tion of 1,000 MW pump storage hydropower plant (HPP) Tarni-ta-Lapustesti during April. This was announced by the officials from ministry of economy.

After the selection of the advisor, Hidroelectrica should publish invitation for strategic partnership.

According to plans, the model of future joint venture company should be similar to model for construction of units 3 and 4 in nuclear power plant (NPP) Cernavoda. According to sources, construction works could start in mid 2010.

Several companies already expressed interest in the project, such as Verbund, MVM Hungary, EDF, GDF SUEZ, as well as fi-nancial institutions EBRD and EIB.

According to the latest analyses by the ministry of economy, the cost of the project will reach 1.3 billion euros. The construc-tion of HPP, that will have four 250 MW units, is seen as one of the priorities in energy strategy in period 2007-2020.

The future pump storage plant should improve overall per-formance of NPP Cernavoda and thermal power plants and it

31


will provide short-term reserve and conditions for balancing the future output of 2,000 MW in wind farms.

§ § §

Highest state officials and Russian minister Shoigu discussed on NIS and South stream project (Serbia)

In the beginning of April, Russian minister of emergencies Sergey Shoigu had a one-day visit to Serbia during which he met the highest Serbian officials.

Two sides discussed various economic topics, where sources suggested that most important issue during talks was resolv-ing disputes in Oil industry of Serbia (NIS), majority owned by Russian Gazprom Neft.

Sources said that Russian side expressed dissatisfaction with the fact that NIS, prior the privatization, has written-off debts to several of its debtors, mostly public companies.

On the other hand, the government of Serbia was unpleasantly surprised after new owner recently published that NIS posted financial loss in 2008, for the first time since 2000.

Two sides are expected to find compromise on these two is-sues. Minister of energy and mining of Serbia Petar Skundric announced that disputes related to NIS should be resolved un-til the next shareholders assembly, scheduled on April 21.

Another topic during Shoigu’s visit was South stream project. President of Serbia Boris Tadic and minister Shoigu expressed support for the project and called for its completion as soon as possible.

Shoigu also met prime minister of Serbia Mirko Cvetkovic. Two officials said that good relations between two countries were strengthen after signing the cooperation agreement in oil and natural gas sector in the last year.

Shoigu also announced that Russia would grant 7 million eu-ros for cleaning the minefields along the future route of South stream pipeline (the bombs remained after NATO bombing in 1999).

§ § §

NIS to invest 118 million euros in 2009; the refinement reduced to minimum (Serbia)

Oil industry of Serbia (NIS) announced it would invest some 118 million euros in this year; 68 million euros will be invested in refineries and 50 million euros will be invested in environ-mental projects.

The investments will go along despite losses posted in the last year (some 40 million euros), the management said.

The new management once again confirmed that moderniza-tion would be completed in 2012 (in accordance to privatiza-tion contract, overall investments to reach 547 million euros),

so that NIS would produce fuels in accordance to Euro 5 stand-ard.

In the separate statement, NIS announced it had reduced re-finement down to minimum due to 10-15 % drop in sales in the first quarter of 2009. Pancevo refinery has reduced refinement down to 7,500 tons per day compared to 8,000-8,500 tons in the same period last year.

The management also announced that financial report for the last year should be audited by the end of April, instead of end of June, as it was earlier announced. The audit will be performed by KPMG. As recalled, the report submitted by the new man-agement was different to the report made by former manage-ment, which said that NIS posted profit in the last year.

§ § §

Srbijagas and Austrian Heat signed the contract for construction of production line in Banatski Dvor

(Serbia)

Natural gas company Srbijagas and Austrian company Heat, which won in the international tender, signed a 5.5 million eu-ros contract for construction of production line in underground storage facility in Banatski Dvor.

Director of Srbijagas, Dusan Bajatovic said that construction works should start in mid April and it should last some four months. After works are completed, the facility will be able to deliver 5 million cbm of natural gas per day (some half of daily consumption during winter).

Bajatovic said that works in Banatski Dvor would also include opening of eight new production drills. The cost of this works is 12 million euros and it should be completed by November 1.

Bajatovic also said that capacity of the facility would be in-creased up to 300 million cbm during the next winter season. According to plans, the capacity should be increased up to 470 million cbm during the first stage of construction.

Bajatovic said that Srbijagas and the government would recon-sider options for construction of new natural gas storage facili-ties in Serbia in order to increase national gas reserves at level of six-month consumption. Bajatovic did not reveal details re-lated to location of new facilities, yet he said that Serbia could be able to store some 5-7 billion cbm of natural gas.

Bajatovic said that company would spend some 30 million euros for pumping the technical gas into the facility, which should start on July 1. This project could be funded by the state, through loans or the company could reach an agreement with Gazprom regarding delivery of natural gas.

Bajatovic also confirmed that negotiations regarding establish-ment of joint venture company for modernization of Banatski Dvor with Russian partners (in accordance to energy agree-ment between Serbia and Russia) are underway.

In the related news, director of Srbijagas Dusan Bajatovic said there would be no decrease in retail natural gas prices in Ser-

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bia, despite the decrease in wholesale import prices. Starting from April 1, import natural gas price was reduced from 335 euros/1,000 cbm down to 270 euros/1,000 cbm.

Bajatovic said that current retail prices are still below the mar-ket prices. In this moment, Srbijagas sells natural gas at 295 euros/1,000 cbm, where market price would be 320 euros/1,000 cbm, Bajatovic said.

Due to reduction in import prices, Srbijagas could reduce its losses by some 3 million euros. However, this would be much lower compared to accumulated losses of some 30 million eu-ros since the beginning of the year.

In 2008, Srbijagas managed to collect some 90 % of bills. On the other hand, collection rate in December fell to 50 % and in February down to 33 %. In the same time, customers owe to Srbijagas some 130 million euros. Bajatovic said the company was forced to acquire loans in order to acquire missing funds.

Bajatovic announced that joint venture company for construc-tion of South stream pipeline across Serbia should be estab-lished in April. The future joint venture company will have the head office in Switzerland and its branch in Serbia.

Bajatovic said that two sides should decide whether to establish subsidiary company in Serbia. Another option could be change of local laws since foreign company cannot be granted license for pipeline management. Two sides are still negotiating on the share of management and on the share of ownership in case if one side step out the project.

By the end of September, necessary feasibility study should be completed, while Gazprom should reach final decision related to the project by March next year, Bajatovic said. According to him, designing and, possibly, construction works of the South stream pipeline should start in 2011, while the pipeline across Serbia should be operational in 2015.

In the related news, minister of energy and mining Petar Skun-dric said that particular contracts for construction of each sec-tion of South stream pipeline should be signed in Sofia on April 24-25 during the energy conference. However, the agreements will be only preliminary, while final contracts should be signed after completion of feasibility studies.

Skundric also confirmed that feasibility study for Serbian part of the pipeline should be completed in September this year, while project documentation for entire route of South stream pipeline should be completed in June next year.

§ § §

EPS to publish tender for revitalization works in HPP Djerdap 1 (Serbia)

Power utility of Serbia (EPS) should publish tender for revitali-zation works in hydropower plant (HPP) Djerdap 1 by the end of the April. The worth of the contract is estimated at 30 million dollars, and, according to local press, local companies will be given preemptive rights.

As recalled, EPS and Russian company Silovie Mashini signed the final amendment to the Agreement for revitalization of HPP Djerdap 1 in the second half of March. Two sides finalized the long lasting negotiations and agreed that overall cost of the project would be 168 million dollars. The project will be funded through payment of 100.5 million dollars of clearing debts of Russia toward Serbia, while the rest of the funds will be invested by EPS.

The overhaul should start in September, and it should be com-pleted in 2015. Russian company will get 140 million dollars for delivery of new equipment for six units in the HPP, while the rest of the works will be carried out by EPS. The renewal will result in increase of output of HPP Djerdap 1 from 1050 up to 1,200 MW, while operational life of the plant will be prolonged by another 30 years.

§ § §

EPS: increase in electricity prices still possible (Serbia)

General manager of Power utility of Serbia (EPS) Dragomir Markovic said that electricity prices still could be increased by 8 % in this year, yet he did not say when this could happen.

This was later confirmed by the minister of energy Petar Skun-dric, but minister of economy Mladjan Dinkic said that there would be no increase in electricity prices during the economic crisis.

As recalled, 8 % increase in prices should have been imposed on April 1, but this had been cancelled. According to initial plans, electricity prices should have been increased in April and August, each time by 8 %.

During the press conference, general manager of EPS said the company expects to post overall income in this year of 1.45 bil-lion euros instead of 1.55 billion euros after increase in prices was not approved.

Head of EPS said that company would be forced to reduce in-vestments and maintenance works due to decrease in income. In the first quarter of this year, collection rate was 3 % lower compared to last year. Markovic warned that average price of electricity in Serbia of some 4.5 eurocents/kWh is among the lowest in the region.

Markovic confirmed that overall income of EPS in 2008 reached 1.75 billion euros, while annual loss reached some 100 mil-lion euros. On the other hand, overall debts of the customers amounted to 550 million euros, where 320 million euros was owed by households.

EPS owes some 160 million euros, where highest debt is to-ward transmission system operator EMS for transit services and toward companies that carried on maintenance and renewal works in power plants.

Markovic said that overall annual loss due to theft of electric-ity reaches some 80 million euros. According to the latest data, losses in distribution network stands at 14 %, where some one third is related to electricity theft.

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By 2015, EPS plans to replace 2.4 million electricity meters for which some 700 million euros will be invested. (EPS has 3.3 mil-lion electricity meters in this moment). The new system will en-able remote reading of electricity consumption.

By 2015, EPS plans to invest 9 billion euros in order to maintain electricity production and to reduce losses. Some 3 billion eu-ros should come from loans, 3.5 billion euros from own income and 2.5 billion euros should be provided by strategic partners. Some 1 billion euros should be invested for environmental projects, Markovic said.

§ § §

EPS to publish list of eligible bidders for new TPPs (Serbia)

Minister of energy and mining Petar Skundric said that list of eligible bidders for strategic partnership in the tenders for con-struction of new units in thermal power plants (TPPs) Kolubara B (2x350 MW) and Nikola Tesla B (700 MW) should be published by the end of April.

Minister reminded that 53 letters of interest were submitted, where 26 referred to TPP Kolubara B and 27 to TPP Nikola Tesla B. Power utility of Serbia (EPS) earlier said that 14 respectable power companies expressed interest for the projects, but re-fused to name them due to confidentiality reasons.

Minster Skundric said that overall cost of construction of new units should reach 1.6 billion euros.

Skundric also confirmed that government should approve con-struction of new CCGT power plant in Belgrade. He reminded that government already approved construction of new CCGT power plant in Novi Sad (450 MW).

According to the latest announcements, EPS should select strategic partners for projects in TPP Kolubara B and TPP Nikola Tesla B by the end of the year. General manager of EPS, Drago-mir Markovic, said that first unit in TPP Kolubara B should be put in service in 2014, and the second should start operations in 2015. As for TPP Nikola Tesla B, the new 700 MW unit should be operational in 2016.

§ § §

Electricity

Company / organization: EPS, related Serbia

Expression of interest for construction of 2 Thermal Power Plants

Content: Expression of interest for construction 2x350 MW TPP Kolubara 2 and 3rd unit of TPP Nikola Tesla B. More de-tails are available in “advertisement page” and in this issue analysis.

Company / organization: Elektroprivreda BIH

Measuring devices morefunction and communicators Devices for tarife regu-lating control –switch meters

Content: Ms. Habiba Durmo+387 33 751 [email protected]:21.04.2009 , 10:00 hrs, local time

Company / organization: EBRD, related Bulgaria

Replacement of transformers for CEZ Razpredelenie Bulgaria

Content: The project announced within this procurement notice will be partially financed from the Kozloduy International Decommissioning Support Fund, es-tablished in 2001 for supporting the decommission-ing of units 1-4 of the Kozloduy Nuclear Power Plant. One of the purposes of this Fund is to finance or co-finance the preparation and implementation of se-lected projects that aim the necessary restructuring, upgrading and modernisation in the energy sector and improving energy efficiency.Overall Budget for the project is EURO 3,84 million from which EURO 0.76 million will be financed from the Kozloduy International Decommissioning Sup-port Fund.

The invitation for tender is expected in the third quarter of 2008. The invitation will be open to firms that qualify under the Procurement Policies and Rules of the EBRD and the KIDSF. The eligible coun-tries as of 1 February 2008 are: EU member states, Switzerland, all so-called PHARE countries and the EBRD’s Countries of Operations.

Deadline: 14 May 2009 at 00:00, Sofia time

Contact: Mr. Atanas DandarovCEZ Razpredelenie Bulgaria ADOffice tel: +35928053403Fax: +35929862805e-mail: [email protected]

Tenders:

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Company / organization: EPCG, related Montenegro

Tender for import of electricity in period June-December

Content: In the beginning of April, Power utility of Montenegro (EPCG) has published a tender for import of 987 GWh of electricity in period June-December this year. The deadline for submitting the bids is April 29, while the winners in the tender will be selected within a month. The main tender criterion is the least offered price.

EPCG plans to import 228.8 GWh of electricity during night (between 00:00-07:00 CET) and 758.3 GWh dur-ing day (07:00-24:00 CET).

In June, EPCG plans to import 41.1 GWh of electricity, in July 196.23 GWh, in August 229.555 GWh, in Sep-tember 192.9 GWh, in October 104.3 GWh, in Novem-ber 94.5 GWh, and finally, electricity import in Decem-ber should be 128.495 GWh.

EPCG divided requested amount in 14 lots, where bids could be submitted for all, for particular lots, or for part of the lot, where minimum bid should be 5 MWh/h.

EPCG estimated the worth of the procurement at some 54 million euros.

EPCG and winners in the tender will sign preliminary agreements, where final agreements will be signed with companies that win the contracts for the first four lots. Particular lots refers to deliveries in June, July, August and September, where required amount of electricity is 36 GWh, 81.84 GWh, 81.84 GWh and 79.2 GWh, respectively.


Construction of wood biomass heating plant in town “Triavna”

Content: The project announced within this procurement notice will be partially financed from the Kozloduy International Decommissioning Support Fund, es-tablished in 2001 for supporting the decommission-ing of units 1-4 of the Kozloduy Nuclear Power Plant. One of the purposes of this Fund is to finance or co-finance the preparation and implementation of se-lected projects that aim the necessary restructuring, upgrading and modernisation in the energy sector and improving energy efficiency.The tendering includes:1. Supply of loading machine and specialised wood transporting track;2. Supply of district heating network pipes;3. Supply and installation of heating substations for customer sites.Overall Budget for the project is EURO 4 million, from which EURO 0.8 million will be finanaced from the Kozloduy International Decommissioning Sup-port Fund.The invitations for tenders are expected in the third quarter of 2008. The invitations will be open to firms that qualify under the Procurement Policies and Rules of the EBRD and the KIDSF. The eligible countries as of 1 May 2008 are: EU member states, Switzerland, all so-called PHARE countries and the EBRD’s Countries of Operations.


Contact: Mr. Svetlozar Todorov, Investor’s representativeEmail: [email protected]/Telefax: +359 2 989 89 50


Reconstruction of Cooling Pump Station

Content: TPP Maritza East 2 EAD (the Employer) intends ap-plying the proceeds of a grant funds provided by the “Kozloduy International Decommissioning Support Fund” (the “Fund” or the “KIDS Fund”), administered by the European Bank for Reconstruction and Devel-opment (the “Bank”) and of its own financial resourc-es towards the cost of the reconstruction (design, delivery, installation, testing and commissioning) of Cooling Pump Station at Units 1 to 4 of TPP “Maritza East 2” EAD, Bulgaria (the Project).The Employer now invites sealed tenders from con-tractors (firms or joint ventures or consortia) for the following contract to be funded from part of the proceeds of the grant:Reconstruction(Supply and Installation of Plant and Equipment) ofCooling Pump Station at Units 1 to 4of Thermal Power Plant “Maritza East 2” EADThe project for reconstruction (design, delivery, in-stallation, testing and commissioning) of Cooling Pump Station at Units 1 to 4 of TPP “Maritza East 2” EAD, Bulgaria includes design, engineering, pro-curement, delivery, construction, installation, pre-commissioning and commissioning of 6 new pump units, 6 sets of shut-off and non-return valves and 6 scroll fine bar screens together with the electricity supply and control systems. The scope of work in-cludes design and construction of a shelter for ac-commodation of the above mentioned plant and equipment, as well as survey and engineering for selection of optimum head and flow rate required for proper cooling of power unit 1 to 4 turbine con-densers and water for technical needs.Tenders are invited for the whole project scope only. Tenders for parts of the scope of supply of goods, services and works shall not be considered.Procurement will be carried out in accordance with EBRD Procurement Policies and Rules with the ex-ception of country eligibility restrictions defined within the KIDSF rules and open to Tenderers from eligible countries as of 7 November 2008: The EU member-states, Switzerland and the EBRD’s coun-tries of operation.

Deadline: 21 Apr 2009 at 14:00, Bulgaria time

Contact: Mr. Georgi HristozovChief Executive DirectorTPP Maritza East 2 EAD6265 KovachevoStara Zagora distr.BulgariaTel.: + 359 42 662 214 Fax : + 359 42 662 000Email: [email protected]

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Replacement of transformers for CEZ Razpredelenie Bulgaria

Content: The project announced within this procurement notice will be partially financed from the Kozloduy International Decommissioning Support Fund, es-tablished in 2001 for supporting the decommission-ing of units 1-4 of the Kozloduy Nuclear Power Plant. One of the purposes of this Fund is to finance or co-finance the preparation and implementation of se-lected projects that aim the necessary restructuring, upgrading and modernisation in the energy sector and improving energy efficiency.

Overall Budget for the project is EURO 3,84 million from which EURO 0.76 million will be financed from the Kozloduy International Decommissioning Sup-port Fund.

The invitation for tender is expected in the third quarter of 2008. The invitation will be open to firms that qualify under the Procurement Policies and Rules of the EBRD and the KIDSF. The eligible coun-tries as of 1 February 2008 are: EU member states, Switzerland, all so-called PHARE countries and the EBRD’s Countries of Operations.


Contact: Mr. Atanas DandarovDirector management of the companyCEZ Razpredelenie Bulgaria AD330, Tzar Simeon Street, 1309 Sofia, BulgariaOffice tel: +35928053403Fax: +35929862805e-mail: [email protected]


Ruse Integrated Energy Farm

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 modernisation in vari-ous Bulgarian industry sectors consequential to fi-nal shutdown of Units 1 - 4 of the Kozloduy Nuclear Power Plant.

District administration Ruse intends to use the pro-ceeds of the Grant from the Kozloduy International Decommissioning Support Fund for co-financing the establishment of an integrated energy farm, consisting:• Supply and installation of Biomass gas generation reactor, gas cooling, gas washing and gas drying us-ing straw• Supply and installation of CHP plant for production of electric and thermal energy• Supply and installation of biomass (straw) trans-port, handling and storage facilities• Up-grade of the existing heat only boiler (HOB) for the utilisation of biogas

The tendering includes design, engineering, pro-curement, delivery, construction, installation, pre-commissioning and commissioning of works and is expected to begin in the Q III 2008.

The total expected budget of the project including the consultancy assignment is €3.4 million, from which the grant financing part is €1.56 million.Tendering for contracts to be financed from grants of the KIDSF, is open to firms from eligible countries as of 1 April 2008. These are: EU member states, Swit-zerland and the EBRD’s countries of operation.

Deadline: 9 May 2009 at 00:00, Ruse time

Contact: Dr. Todor PetrovFax : + 359 82 812 232Email: [email protected]

Energy News in Southeast Europe twice in a month • № 2009 ... · Actual data » Power sector...

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