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Energy News in Southeast Europe two issues per month · FREE SAMPLE! 2011-IV/2 ·03.05.2011

FREE SAMPLE 2011

About:

Main focus of Balkan Energy NEWS is energy related news from countries of South East Europe. Countries involved are: Albania, Bulgaria, Bosnia and Herzegovina, Croatia, Greece, FYR Macedonia, Montenegro, Romania, Serbia, Slovenia and Turkey. 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. News are published to subscribers only as an .pdf edition, two times per month

Disclaimer:

All rights reserved by Balkan Energy Solutions Team. No part of this publication may be reproduced, redistributed, or in any other way copied as a whole or partially without written permission of Balkan Energy Solutions Team. This includes internal distribution. 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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In this issue:

Actual data - Page 5

» Power sector operational and market data for the period of 16.4.-30.4.2011. » Forecasted weather conditions for the following period

Transfer capacities auctions - Page 12

» Tables with results of Allocated Aailable Transfer Capacities (AATC) in Balkan region for May 2011

Analysis - Page 14

» Statistical data of energy sector in Southeast Europe for 2006, 2007, 2008, 2009 and 2010 » Table with average monthly Net Transfer Capacities (NTC) in Balkan region for last 12 months

News articles

Albania - Page 29 » » » » » CEZ: Electricity debt over 300 million EUR 78% output rise in privately owned small HPPs KESH selected winners in the tender for electricity import Deputy PM: Albania to become exporter of electricity Albpetrol to sell 30 000 tons of crude oil »

Balkan Energy NEWS, e-journal

Issue No: 2011-IV/2 - issue covers period 16.4.2011-30.4.2011 Issue No: 2007-III/1

Bosnia and Herzegovina - Page 29 » » » »

»

» » » » » »

Contract for construction of CHPP Zenica signed Government of RS awarded hydrocarbon concessions to Jadran-Naftagas TPP Kakanj exceeded production target in Q1 Government offers 51 % stake to strategic partner in HES Gornja Drina Turkoil to enter fuel market in July RES fees introduced from May 1 Government supported construction of HPP Dabar Agency for statistics: considerable increase in natural gas prices in the second half of 2010 Parliament of RS approved the changes on Law on privatization of oil companies NefteGazInkor: investments in oil companies in RS to exceed 730 million euros ERS produced 1.6 TWh of electricity in Q1

Bulgaria - Page 33 » » » » » » » » » » » » » Regulator: electricity prices to rise by 1 % from July 1 CEZ to reduce investments due to lower than expected electricity tariffs CEZ switched off TPP Varna due to losses Westinghouse interested in nuclear energy projects BEH published competition for new head of NEK Unit 5 in NPP Kozloduy switched off for annual overhaul Natural gas turbine delivered to the construction site of CHPP EVN Bulgaria-Toplofikacia New Renewable energy act disappointment for investors Rosatom: NPP Belene to be the safest in Europe Government: Lukoil to guarantee supply of oil derivatives Bulgartransgaz posted 57.8 million euros of profit in 2010 NEK continues negotiations over NPP Belene, the construction price remains the main dispute AtomStroyExport: NPP Kozloduy to take part in Belene project

Croatia - Page 37 » » » » » Report on operation of NPP Krsko in March 2011 HANFA suspended trade in INA's shares once again Government considers construction of large LNG terminal on Krk Island Janaf reported 25 % decline in profit in Q1 INA reported 143 million euros of profit in Q1

Greece - Page 40 » » » » Norway interested in Greek oil reserves Sources: EC could approve Greece's Energy Law Bill GE delivered CCGT equpment for altering of TPP Megalopolis PPC union announced 48 hour strike

Macedonia - Page 41 » » » » » » HPP Matka 2 to be operational by the end of 2011 Refinery OKTA posted 4 million EUR profit in Q1 2011 Macedonia once again invited to participate in South Stream project ELEM stated with construction of Wind park Bogdanci EBRD approved 6 million EUR loan for construction of small HPPs EVN Macedonia produced 40% more than planned from small HPPs

Montenegro - Page 42 » Coalmine Pljevlja posted 13 million euros of profit in 2010 » Sources: Oleg Deripaska to build power plant » Experts: construction of thermal power plants the best way for solving the electricity deficit

Balkan Energy NEWS - FREE SAMPLE 2011!

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Balkan Energy NEWS, e-journal

Issue No: 2011-IV/2 - issue covers period 16.4.2011-30.4.2011 Issue No: 2007-III/1

» » » »

EPCG selected winners in the tender for electricity import Regulator: EPCG to speed up restructuring process EPCG: possible increase in electricity prices EPCG sued KAP over unpaid electricity bill

Romania - Page 44 » » » » » » » » » » » » » GDF Suez urges for rapid increase in natural gas prices Natural gas consumption rose by 2.9 % in January-February 2011 Association of electricity suppliers: electricity prices to double in 7-8 years MOL signed concession contracts for three hydrocarbon exploration perimeters Rompetrol Group posted 0.6 million euros of profit in Q1 Draft Energy strategy in period 2011-2035 published Court of Appeal rejected division of Hidroelectrica OMV Petrom reported slight decline in natural gas sales New CEO of Transelectrica appointed Ministry of economy against payment of dividends to Transgaz's shareholders OMV not interested in minority stake in Petrom offered by the government ANRE: Gazprom increased natural gas deliveries in 2010 CEZ to complete wind farm Cogelac in 2012

Serbia - Page 48 » » » » » » » » » » » » » » TPP Kostolac B waits for Chinese loan Ministry of mining: coal reserves sufficient for a century EPS and Siemens signed the contract for modernization of TPP Nikola Tesla B EPS: bids for strategic partnership for TPPs Kolubara B and Nikola Tesla B3 to be submitted in May Gazprom and Srbijagas: South stream project is developing as planned Sources: natural gas prices to rise by 15 % in July EPS: HPP Djerdap 1 to complete modernization of unit 1 EPS achieved record quarterly production Gazprom: NIS to export fuel in Romania and Bulgaria starting from 2012 REV abandons construction of two HPPs on Lim River 75 % of public against nuclear power plants Construction of small HPPs on Ibar River to start in 2011 Minister of mining: relocation of Vreoci village to be done in 2011 Kolubara coalmine produced 8.3 million tons of lignite in Q1

- Page 52

NEW! Slovenia:

» » » »

Elektro Maribor: new electricity prices for household customers Electricity production in March 2011 Environmentalists against new reactor in NPP Krsko Labor Court: Workers strike in TPP Sostanj during November 2010 - illegal

- Page 53

NEW! Turkey:

» » » » » »

EnerjiSA purchased stake in HPP Alpaslan 2 Demiroren and BOTAS signed cooperation deals with EGL Energy and Natural Resources Minister still in favor of NPP in Akkuyu Sale of TPAO shares delayed Turkey and Azerbaijan agree on natural gas purchase/sale agreement Antalya municipality expressed plans to construct solar power plant

Tenders (Electricity / Oil / Gas / Coal) - Page 55

Balkan Energy NEWS - FREE SAMPLE 2011!

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Balkan Energy NEWS, e-journal

Issue No: 2011-IV/2 - issue covers period 16.4.2011-30.4.2011 Issue No: 2007-III/1

Balkan Energy NEWS - FREE SAMPLE 2011!

4

Balkan Energy NEWS, e-journal

Issue No: 2011-IV/2 - issue covers period 16.4.2011-30.4.2011 Issue No: 2007-III/1

Power exchanges data:

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

16.4.2011 17.4.2011 18.4.2011 19.4.2011 20.4.2011 21.4.2011 22.4.2011 23.4.2011 24.4.2011 25.4.2011 26.4.2011 27.4.2011 28.4.2011 29.4.2011 30.4.2011 1 1058 1058 1058 925 1201 1148 1193 1141 1147 1081 1139 1146 1178 1101 2 891 891 891 814 1110 1102 1094 1072 1040 1030 1017 1064 1094 994 3 836 836 836 777 1056 1061 1039 975 983 975 962 1022 1039 933 4 814 814 814 759 1028 1061 1052 971 981 979 954 985 1009 942 5 820 820 820 758 1028 1063 1039 983 979 975 945 962 997 937 6 836 836 836 824 1057 1067 1097 984 978 985 983 1038 1062 961 7 966 966 966 1050 1178 1229 1136 1137 1008 1064 1162 1176 1174 1047 8 1170 1170 1170 1237 1366 1459 1280 1294 1153 1233 1309 1349 1359 1244 9 1270 1270 1270 1328 1521 1538 1395 1422 1316 1354 1403 1447 1384 1350 10 1299 1299 1299 1318 1558 1593 1417 1465 1406 1395 1434 1497 1438 1446 11 1311 1311 1311 1330 1471 1571 1419 1466 1415 1387 1417 1487 1463 1461 12 1354 1354 1354 1299 1469 1573 1418 1493 1403 1395 1432 1510 1453 1450 13 1343 1343 1343 1277 1419 1550 1410 1464 1377 1384 1404 1455 1418 1402 14 1343 1343 1343 1250 1395 1530 1358 1422 1310 1346 1392 1454 1441 1414 15 1422 1422 1422 1265 1452 1551 1370 1439 1268 1360 1425 1490 1321 1404 16 1416 1416 1416 1259 1393 1593 1380 1450 1248 1332 1448 1467 1350 1379 17 1350 1350 1350 1239 1388 1549 1352 1424 1250 1317 1389 1471 1387 1387 18 1330 1330 1330 1200 1376 1514 1323 1389 1251 1291 1369 1425 1359 1371 19 1358 1358 1358 1202 1359 1492 1296 1399 1275 1289 1382 1438 1351 1383 20 1473 1473 1473 1322 1486 1591 1390 1552 1372 1376 1467 1504 1415 1472 21 1624 1624 1624 1465 1613 1732 1575 1659 1556 1535 1591 1618 1515 1561 22 1562 1562 1562 1417 1587 1725 1525 1594 1500 1511 1544 1588 1493 1509 23 1471 1471 1471 1300 1445 1615 1408 1446 1355 1397 1423 1471 1390 1348 24 1323 1323 1323 1177 1305 1449 1302 1334 1201 1262 1293 1332 1301 1244

Average: 1112

1007

952

940

938

967

1090

1271

1376

1419

1416

1426

1399

1382

1401

1396

1372

1347

1353

1455

1592

1549

1429

1298

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

16.4.2011 17.4.2011 18.4.2011 19.4.2011 20.4.2011 21.4.2011 22.4.2011 23.4.2011 24.4.2011 25.4.2011 26.4.2011 27.4.2011 28.4.2011 29.4.2011 30.4.2011 1 1113 1113 1113 1159 1168 1151 1141 1113 1132 1023 1063 1093 1126 1162 2 1044 1044 1044 1066 1058 1075 1042 1043 1018 975 975 1017 1045 1058 3 1000 1000 1000 1024 1025 1010 977 968 963 923 946 984 994 1007 4 972 972 972 1009 997 988 977 947 943 909 932 956 982 989 5 997 997 997 1009 1008 994 979 969 936 918 937 967 980 995 6 1067 1067 1067 1085 1062 1057 1044 1000 946 956 985 1024 1043 1004 7 1219 1219 1219 1226 1212 1180 1118 1088 984 1040 1113 1177 1170 1075 8 1451 1451 1451 1428 1390 1415 1280 1296 1154 1225 1298 1356 1367 1298 9 1552 1552 1552 1539 1525 1489 1395 1440 1321 1334 1408 1469 1482 1408 10 1577 1577 1577 1539 1540 1524 1425 1503 1401 1379 1442 1507 1522 1489 11 1544 1544 1544 1524 1490 1483 1431 1490 1395 1368 1420 1483 1510 1486 12 1509 1509 1509 1488 1485 1486 1411 1503 1356 1351 1404 1486 1495 1477 13 1501 1501 1501 1467 1476 1476 1416 1493 1319 1332 1417 1455 1455 1463 14 1487 1487 1487 1452 1458 1469 1393 1490 1280 1325 1395 1457 1458 1453 15 1509 1509 1509 1486 1517 1496 1414 1515 1237 1343 1414 1495 1479 1473 16 1501 1501 1501 1471 1464 1504 1400 1505 1215 1313 1449 1469 1478 1452 17 1448 1448 1448 1449 1469 1451 1357 1465 1212 1298 1391 1469 1455 1425 18 1410 1410 1410 1402 1424 1406 1325 1425 1215 1255 1364 1417 1414 1403 19 1413 1413 1413 1402 1393 1381 1297 1432 1237 1251 1375 1435 1423 1421 20 1542 1542 1542 1536 1520 1497 1403 1532 1358 1364 1475 1516 1513 1517 21 1708 1708 1708 1683 1694 1688 1585 1682 1533 1533 1599 1652 1629 1648 22 1650 1650 1650 1636 1654 1647 1539 1626 1479 1493 1540 1599 1588 1582 23 1467 1467 1467 1459 1490 1481 1388 1462 1333 1333 1383 1444 1436 1409 24 1312 1312 1312 1321 1334 1313 1264 1313 1165 1199 1238 1283 1312 1285

Average: 1119

1036

987

968

977

1029

1146

1347

1462

1500

1479

1462

1448

1435

1457

1445

1413

1377

1378

1490

1646

1595

1430

1283

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

16.4.2011 17.4.2011 18.4.2011 19.4.2011 20.4.2011 21.4.2011 22.4.2011 23.4.2011 24.4.2011 25.4.2011 26.4.2011 27.4.2011 28.4.2011 29.4.2011 30.4.2011 1 -55 -55 -55 -234 33 -3 52 28 15 58 76 53 52 -61 2 -153 -153 -153 -252 52 27 52 29 22 55 42 47 49 -64 3 -164 -164 -164 -247 31 51 62 7 20 52 16 38 45 -74 4 -158 -158 -158 -250 31 73 75 24 38 70 22 29 27 -47 5 -177 -177 -177 -251 20 69 60 14 43 57 8 -5 17 -58 6 -231 -231 -231 -261 -5 10 53 -16 32 29 -2 14 19 -43 7 -253 -253 -253 -176 -34 49 18 49 24 24 49 -1 4 -28 8 -281 -281 -281 -191 -24 44 0 -2 -1 8 11 -7 -8 -54 9 -282 -282 -282 -211 -4 49 0 -18 -5 20 -5 -22 -98 -58 10 -278 -278 -278 -221 18 69 -8 -38 5 16 -8 -10 -84 -43 11 -233 -233 -233 -194 -19 88 -12 -24 20 19 -3 4 -47 -25 12 -155 -155 -155 -189 -16 87 7 -10 47 44 28 24 -42 -27 13 -158 -158 -158 -190 -57 74 -6 -29 58 52 -13 0 -37 -61 14 -144 -144 -144 -202 -63 61 -35 -68 30 21 -3 -3 -17 -39 15 -87 -87 -87 -221 -65 55 -44 -76 31 17 11 -5 -158 -69 16 -85 -85 -85 -212 -71 89 -20 -55 33 19 -1 -2 -128 -73 17 -98 -98 -98 -210 -81 98 -5 -41 38 19 -2 2 -68 -38 18 -80 -80 -80 -202 -48 108 -2 -36 36 36 5 8 -55 -32 19 -55 -55 -55 -200 -34 111 -1 -33 38 38 7 3 -72 -38 20 -69 -69 -69 -214 -34 94 -13 20 14 12 -8 -12 -98 -45 21 -84 -84 -84 -218 -81 44 -10 -23 23 2 -8 -34 -114 -87 22 -88 -88 -88 -219 -67 78 -14 -32 21 18 4 -11 -95 -73 23 4 4 4 -159 -45 134 20 -16 22 64 40 27 -46 -61 24 11 11 11 -144 -29 136 38 21 36 63 55 49 -11 -41

Average:

-7

-29

-35

-27

-40

-62

-56

-76

-86

-81

-64

-37

-49

-54

-56

-48

-42

-30

-25

-35

-54

-47

-1

15

Bosnia and Herzegovina: Average hourly export in last 15 days

20 0 1 -20 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

1800 1600 1400 1200

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

MWh

MWh

-40 -60 -80 -100

1000 800 600 400 200 0

Production Consumption

Hour

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

Balkan Energy NEWS - FREE SAMPLE 2011!

5

Balkan Energy NEWS, e-journal

Issue No: 2011-IV/2 - issue covers period 16.4.2011-30.4.2011 Issue No: 2007-III/1

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

16.4.2011 17.4.2011 18.4.2011 19.4.2011 20.4.2011 21.4.2011 22.4.2011 23.4.2011 24.4.2011 25.4.2011 26.4.2011 27.4.2011 28.4.2011 29.4.2011 30.4.2011 1 1027 1014 1113 1078 1120 1133 1137 1160 1148 1104 1122 1156 1185 1149 1056 2 1010 1001 1119 1148 1134 1145 1132 1143 1139 1145 1154 1157 1154 1146 1049 3 1024 980 1117 1127 1148 1138 1195 1139 1134 1117 1153 1181 1149 1148 1044 4 1048 1002 1105 1142 1124 1143 1209 1150 1141 1145 1132 1152 1103 1155 1049 5 1033 1002 1114 1121 1133 1133 1088 1118 1140 1135 1170 1158 1147 1155 1069 6 1039 1028 1121 1119 1147 1135 1133 1143 1073 1132 1124 1165 1108 1141 1044 7 1027 996 1281 1220 1229 1245 1220 1110 1090 1203 1208 1246 1263 1234 1049 8 1036 1020 1246 1279 1343 1324 1338 1136 1072 1301 1338 1353 1339 1337 1051 9 1066 1042 1367 1362 1371 1372 1386 1147 1138 1356 1380 1374 1380 1383 1061 10 1037 1047 1364 1361 1357 1360 1369 1149 1113 1347 1382 1382 1376 1368 1062 11 1081 1026 1382 1365 1369 1395 1473 1141 1057 1345 1378 1384 1381 1374 1064 12 1025 1015 1341 1352 1332 1366 1460 1138 1030 1340 1373 1383 1371 1367 1057 13 1031 1001 1361 1359 1362 1350 1462 1137 1024 1344 1377 1376 1376 1373 1064 14 1041 1033 1374 1371 1372 1370 1473 1141 1047 1357 1384 1393 1388 1381 1057 15 1022 1023 1360 1377 1384 1381 1453 1136 1050 1356 1382 1377 1375 1384 1052 16 1030 1014 1361 1360 1350 1371 1462 1200 1047 1352 1371 1370 1378 1369 1050 17 1043 1028 1355 1363 1364 1382 1464 1183 1038 1357 1392 1367 1390 1377 1049 18 1041 1027 1369 1347 1349 1375 1457 1140 1024 1346 1383 1365 1375 1370 1059 19 1049 1023 1355 1376 1355 1327 1450 1115 1030 1328 1370 1369 1362 1383 1060 20 1043 1020 1372 1350 1346 1364 1449 1125 1047 1345 1370 1381 1374 1371 1042 21 1048 1034 1330 1336 1328 1324 1409 1126 1055 1334 1339 1358 1357 1355 1056 22 1039 1030 1342 1325 1327 1302 1429 1146 1056 1333 1348 1342 1345 1345 1058 23 1068 1032 1236 1238 1258 1236 1334 1153 1059 1235 1235 1208 1250 1265 1069 24 1024 999 1141 1162 1142 1144 1257 1156 1018 1133 1169 1180 1163 1154 1078

Average: 1113

1118

1120

1120

1114

1110

1175

1234

1279

1272

1281

1263

1266

1279

1274

1272

1277

1269

1263

1267

1253

1251

1192

1128

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

16.4.2011 Bulgaria > Romania Bulgaria > Serbia Bulgaria > Macedonia Bulgaria > Greece Bulgaria > Turkey -4124 7100 8136 7550 6272 17.4.2011 -4611 6919 8631 8089 5408 18.4.2011 -3315 10442 8653 8107 6741 19.4.2011 -3895 10924 8791 8529 6291 20.4.2011 -3409 9952 8881 8314 7005 21.4.2011 -1383 10223 7728 7015 7232 22.4.2011 683 12435 6869 5953 6299 23.4.2011 -2552 9015 7769 6838 6360 24.4.2011 -3590 8042 7468 6513 7336 25.4.2011 -401 9324 7739 7057 6771 26.4.2011 -3270 9400 8295 7640 8966 27.4.2011 -3303 9434 8178 7535 9333 28.4.2011 -3439 10296 7749 7195 9287 29.4.2011 -2908 9828 7599 6759 9806 30.4.2011 -4135 4741 8621 7748 8374

Total

24934

24437

30628

30639

30742

30815

32240

27430

25768

30489

31032

31177

31089

31084

25350

Bulgaria: Average hourly export in last 15 days

1300

1250

1200

MWh

1150

1100

1050

1000 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

Greece: Electricity consumption in last 15 days (MWh)

16.4.2011 17.4.2011 18.4.2011 19.4.2011 20.4.2011 21.4.2011 22.4.2011 23.4.2011 24.4.2011 25.4.2011 26.4.2011 27.4.2011 28.4.2011 29.4.2011 30.4.2011 1 4780 4752 4632 4960 5110 5020 4800 4400 4790 4256 4190 4536 4950 4960 4980 2 4360 4340 4193 4570 4680 4670 4300 4020 4450 3895 3780 4196 4600 4580 4580 3 4260 4168 4063 4450 4550 4550 4130 3880 4192 3777 3620 4064 4470 4460 4370 4 4100 3982 3933 4260 4400 4400 3950 3750 3815 3647 3500 3889 4320 4300 4200 5 4010 3869 3872 4180 4330 4320 3840 3640 3602 3555 3480 3833 4250 4260 4100 6 3960 3838 3974 4260 4430 4370 3830 3700 3523 3538 3580 3913 4320 4330 4070 7 4100 3786 4332 4640 4770 4700 3810 3780 3430 3450 3900 4201 4560 4530 4040 8 4250 3772 5005 5250 5330 5140 3950 4000 3464 3519 4390 4780 5130 5050 4240 9 4750 4135 5598 5860 5930 5620 4300 4530 3732 3744 5070 5490 5660 5550 4760 10 5300 4650 6078 6450 6420 6050 4640 5000 4118 4028 5640 6070 6250 6090 5390 11 5630 5182 6164 6600 6520 6150 4840 5300 4379 4266 5960 6337 6500 6310 5790 12 5840 5578 6211 6690 6550 6200 4880 5420 4363 4433 6080 6527 6600 6450 6010 13 5920 5727 6236 6720 6600 6200 4950 5520 4134 4502 6150 6619 6650 6510 6150 14 5860 5529 6211 6670 6550 6070 5000 5530 3754 4464 6150 6563 6580 6430 6070 15 5520 4988 5931 6300 6300 5800 4820 5320 3417 4164 5800 6166 6240 6080 5640 16 5230 4714 5604 6000 6030 5620 4650 5220 3404 4007 5440 5819 5960 5840 5350 17 5180 4709 5467 5950 5970 5530 4670 5170 3503 4072 5300 5661 5900 5780 5230 18 5140 4615 5290 5980 5920 5430 4700 5240 3505 4065 5300 5553 5850 5760 5170 19 5180 4816 5432 6150 5950 5460 4770 5450 3636 4173 5400 5653 5900 5830 5310 20 5500 5261 5819 6430 6350 5650 4900 5800 3947 4532 5630 5937 6230 6210 5650 21 6330 5946 6534 7030 6950 6400 5380 6670 4734 5335 6400 6555 6800 6750 6270 22 6340 6119 6591 6940 6820 6250 5240 6600 5123 5536 6320 6490 6700 6600 6310 23 5700 5634 5907 6250 6120 5900 5150 5950 4860 5156 5630 5799 5980 5940 5800 24 5200 5176 5358 5600 5560 5460 4920 5140 4630 4769 5100 5217 5400 5430 5340

Average: 4741

4348

4200

4030

3943

3976

4135

4485

4982

5478

5729

5855

5906

5829

5499

5259

5206

5168

5274

5590

6272

6265

5718

5220

Balkan Energy NEWS - FREE SAMPLE 2011!

6

Balkan Energy NEWS, e-journal

Issue No: 2011-IV/2 - issue covers period 16.4.2011-30.4.2011 Issue No: 2007-III/1

Greece: System Marginal Prices in last 15 days (EUR/MWh)

16.4.2011 17.4.2011 18.4.2011 19.4.2011 20.4.2011 21.4.2011 22.4.2011 23.4.2011 24.4.2011 25.4.2011 26.4.2011 27.4.2011 28.4.2011 29.4.2011 30.4.2011 1 68.85 70.05 37.59 36.63 36.40 35.95 35.28 35.82 61.61 70.55 63.56 68.88 63.78 63.73 68.89 2 56.93 38.28 35.78 35.72 35.58 35.40 34.97 35.10 38.68 36.89 37.89 53.69 38.28 37.68 68.89 3 39.53 37.55 35.76 35.67 35.39 34.97 33.62 34.82 36.68 36.62 37.87 37.42 36.52 36.44 63.24 4 36.43 35.75 35.41 35.93 35.30 34.82 34.60 34.82 35.56 35.69 36.19 35.72 36.39 36.10 36.08 5 36.42 35.39 35.39 35.61 35.14 32.75 34.59 34.52 34.05 35.69 36.19 36.32 35.77 35.62 35.75 6 36.34 35.40 35.57 35.62 35.34 33.65 34.59 34.68 33.17 35.69 36.87 36.05 36.39 36.10 35.74 7 35.77 35.54 36.20 36.32 35.76 35.27 34.52 34.82 0.00 35.69 38.02 36.45 37.67 36.54 35.74 8 35.45 35.00 37.64 36.66 36.75 35.81 34.83 35.03 34.05 33.17 64.23 37.61 36.75 36.74 36.54 9 36.69 35.28 70.12 63.79 38.48 36.71 35.07 35.70 35.32 35.88 70.55 63.79 63.79 61.66 68.86 10 63.77 35.92 70.17 70.25 63.92 62.00 35.40 36.73 36.88 37.03 71.59 70.16 70.21 70.17 70.12 11 70.12 39.75 70.19 70.20 63.89 63.21 35.60 63.62 38.16 70.55 95.41 64.09 70.23 70.23 70.12 12 70.12 70.12 70.20 70.19 63.38 62.06 35.61 70.12 38.04 70.55 72.55 70.22 70.20 70.25 70.15 13 70.12 70.12 70.21 70.20 63.87 38.45 35.63 70.12 36.97 70.55 72.89 64.09 70.19 70.23 70.19 14 70.12 70.12 70.20 70.19 63.89 63.00 35.63 70.12 35.76 70.55 72.89 63.88 70.21 63.78 71.96 15 65.16 36.73 70.12 63.89 63.39 37.76 36.37 70.10 33.17 38.79 70.62 63.86 68.03 63.78 70.12 16 63.76 36.52 70.12 38.47 37.64 36.71 36.35 63.68 33.72 37.03 69.64 63.79 64.62 63.72 68.64 17 40.51 36.52 69.04 38.47 36.74 36.73 36.35 63.78 35.02 37.03 69.17 61.44 63.79 63.72 68.70 18 39.78 36.36 63.77 63.15 36.65 36.65 36.34 63.78 35.02 37.03 69.17 63.79 63.79 63.72 67.89 19 63.74 36.61 67.01 63.86 38.36 36.65 36.53 61.68 35.32 37.05 69.27 63.79 63.79 63.79 68.66 20 63.79 69.16 70.12 70.25 58.76 37.62 36.71 70.12 36.07 38.74 70.62 63.82 65.00 63.87 70.12 21 70.23 70.13 70.22 67.49 63.43 62.75 38.48 70.19 63.78 70.59 70.76 70.22 70.22 64.19 72.44 22 70.24 70.18 70.21 70.26 63.90 62.75 37.66 63.87 70.55 70.62 70.73 72.45 70.20 70.20 72.46 23 65.17 63.79 66.19 69.00 63.85 39.75 36.75 63.81 70.55 64.23 64.29 70.12 67.22 64.72 70.12 24 38.48 63.74 63.79 38.45 36.56 36.74 36.72 36.75 38.76 64.23 38.29 63.75 63.79 69.04 70.10

Average: 54.50

41.32

38.14

35.65

35.28

35.41

33.62

37.75

50.11

57.62

63.69

64.92

62.92

64.15

56.79

52.29

50.47

51.79

53.74

58.98

66.34

67.09

62.64

50.61

Greece: Electricity prices, HTSO

120.00 100.00 EUR/MWh 80.00 60.00 40.00 20.00 0.00 MWh

4000 3000 2000 7000 6000 5000

Greece: Average hourly consumption in last 15 days

1

1

1

1

1

1

1

1

1

1

1

1

1

1 .201

.201

.201

.201

.201

.201

.201

.201

.201

.201

.201

.201

.201

.201

.201

1

1000

16.4

17.4

18.4

19.4

20.4

21.4

22.4

23.4

24.4

25.4

26.4

27.4

28.4

29.4

30.4

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

minimal price

average price

maximal price

Hour

Mepso, Macedonia: Production and consumption (MWh)

16.4.2011 17.4.2011 18.4.2011 19.4.2011 20.4.2011 21.4.2011 22.4.2011 23.4.2011 24.4.2011 25.4.2011 26.4.2011 27.4.2011 28.4.2011 Hydro generation Thermal generation Total production Import Total consumption in FYROM 5495 15825 21320 -4098 25418 6687 15295 21982 -4275 26257 5347 15428 20775 -4456 25231 5568 16689 22257 -2901 25158 5980 14228 20208 -4137 24345 4716 14832 19548 -4268 23816 3006 13222 16228 -5605 21833 4535 11701 16236 -7217 23453 1908 14464 16372 -5117 21489 1460 15047 16507 -4195 20702 3125 15483 18608 -3786 22394 3678 16122 19800 -3830 23630 3061 16143 19204 -3768 22972

Macedonia: Daily export in last 15 days

0

11 11 11 11 11 11 11 11 11 11 11 11 11 .4 .2 0 .4 .2 0 .4 .2 0 .4 .2 0 .4 .2 0 .4 .2 0 .4 .2 0

Consumption and production in last 15 days Macedonia

30000

.4 .2 0 .4 .2 0

-1000

16

.4 .2 0

.4 .2 0

.4 .2 0

.4 .2 0

25000 20000

26

24

17

22

18

19

20

-2000 -3000

21

25

23

27

28

MWh

15000 10000 5000

MWh

-4000 -5000 -6000

0

11

11

11

11

11

11

11

11

11

11

11

11 .4 .2 0

.4 .2 0

.4 .2 0

.4 .2 0

.4 .2 0

-8000

.4 .2 0

.4 .2 0

.4 .2 0

.4 .2 0

.4 .2 0

.4 .2 0

.4 .2 0

26

23

21

19

16

Hour

17

18

20

Total production

22

Total consumption

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

16.4.2011 17.4.2011 18.4.2011 19.4.2011 20.4.2011 21.4.2011 22.4.2011 23.4.2011 24.4.2011 25.4.2011 26.4.2011 27.4.2011 28.4.2011 29.4.2011 30.4.2011 Montenegro > Albania Montenegro > BiH Montenegro > Serbia Total 1978 -1146 -3735 -2903 2517 -2332 -3710 -3525 1408 915 -3577 -1254 1200 2480 -6217 -2537 404 3172 -6500 -2924 1828 1403 -7272 -4041 2300 -1274 -4616 -3590 1901 -2331 -3199 -3629 2156 -1642 -4006 -3492 1402 1300 -4763 -2061 1525 1120 -3617 -972 1340 2134 -3896 -422 1226 2122 -6166 -2818 2115 -1207 -3026 -2118

25

24

27

28

.4 .2 0

11

-7000

Balkan Energy NEWS - FREE SAMPLE 2011!

7

Balkan Energy NEWS, e-journal

Issue No: 2011-IV/2 - issue covers period 16.4.2011-30.4.2011 Issue No: 2007-III/1

Montenegro: Electricity export in last 15 days (MWh)

16.4.2011 17.4.2011 18.4.2011 19.4.2011 20.4.2011 21.4.2011 22.4.2011 23.4.2011 24.4.2011 25.4.2011 26.4.2011 27.4.2011 28.4.2011 29.4.2011 30.4.2011 1 -137 -182 -177 -181 -174 -182 -167 -141 -132 -129 -170 33 17 -175 2 -174 -175 -141 -157 -154 -164 -135 -108 -106 -95 -142 -91 -124 -161 3 -150 -150 -125 -140 -141 -151 -113 -92 -96 -76 -123 -141 -143 -143 4 -139 -135 -114 -133 -131 -144 -106 -84 -87 -73 -120 -132 -134 -134 5 -132 -129 -111 -128 -125 -142 -103 -70 -87 -69 -116 -124 -129 -127 6 -138 -129 -122 -138 10 -136 -108 -73 -89 -75 -120 -126 -133 -129 7 -164 -144 -167 -178 -41 -157 -130 -108 -115 -115 -154 -168 -164 -154 8 -186 -169 -14 -133 -159 -188 -158 -143 -143 -158 -133 -128 -157 -174 9 -81 -166 96 -75 18 -189 -172 -171 -162 -174 -81 44 -130 -195 10 -54 -171 94 0 -65 -190 -190 -190 -177 -179 -83 85 -125 -209 11 -85 -172 -73 -74 -142 -198 -194 -194 -181 -183 -73 89 -118 -123 12 -115 -165 -114 -124 -81 -198 -191 -188 -180 -186 -76 76 -126 -109 13 -122 -170 -81 -42 -42 -199 -192 -186 -178 -183 17 35 -177 -108 14 -152 -186 -66 -89 -128 -200 -178 -184 -165 -144 24 37 -178 -102 15 -199 -188 -22 -137 -146 -191 -176 -174 -162 -75 22 28 -175 -101 16 -204 -187 -25 -140 -152 -164 -177 -161 -158 -70 34 26 -172 -97 17 -189 -193 -20 -146 -148 -153 -174 -155 -147 -27 24 34 -177 -96 18 -204 -200 -20 -181 -148 -140 -172 -159 -148 31 15 38 -181 -105 19 -105 -188 -17 -169 -148 -141 -182 -164 -162 10 7 39 -172 -54 20 67 4 -7 -17 -166 -140 -193 -186 -181 6 9 16 -126 53 21 103 65 -7 18 -162 -127 -25 -192 -111 22 116 -23 48 91 22 7 -27 -7 19 -162 -181 -15 -184 -168 26 118 -28 76 100 23 -154 -189 -7 -36 -164 -185 -153 -171 -191 -39 17 -25 36 59 24 -196 -179 -7 -156 -173 -181 -186 -151 -166 -106 16 -16 -154 75

Average: -136

-138

-127

-119

-114

-108

-140

-146

-103

-104

-123

-127

-116

-122

-121

-118

-112

-112

-103

-62

-13

-30

-86

-113

Montenegro: Average Hourly exports in last 15 days

0 -20 -40 -60

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

MWh

-80

-100 -120 -140 -160

Hour

Romania: Electricity consumption in last 15 days (MWh)

16.4.2011 17.4.2011 18.4.2011 19.4.2011 20.4.2011 21.4.2011 22.4.2011 23.4.2011 24.4.2011 25.4.2011 26.4.2011 27.4.2011 28.4.2011 29.4.2011 30.4.2011 1 6555 6238 5789 6429 6429 6379 6215 6166 5470 4985 5128 5437 5663 5821 5843 2 6234 5917 5572 6145 6173 6101 5979 5834 5309 4801 4859 5210 5412 5570 5529 3 6096 5737 5462 6035 5992 5960 5810 5723 5143 4695 4718 5125 5362 5393 5403 4 6090 5673 5393 6040 5923 5900 5793 5608 5036 4628 4665 5138 5316 5354 5356 5 6109 5651 5427 6045 5973 5965 5786 5590 4989 4625 4700 5189 5357 5408 5358 6 6154 5688 5668 6075 6123 6078 5884 5533 4885 4647 4793 5341 5448 5515 5428 7 6170 5589 6000 6414 6250 6263 5916 5415 4706 4491 4963 5591 5614 5639 5260 8 6309 5611 6779 7045 6836 6775 6342 5463 4595 4602 5391 6301 6353 6138 5623 9 6807 5787 7503 7535 7380 7082 6758 5483 4739 4791 5804 6724 6747 6445 5996 10 7094 5855 7692 7751 7455 7222 6823 5639 4775 4950 6007 7026 6874 6685 6255 11 7121 5821 7647 7767 7449 7166 6823 5716 4761 4911 6031 7032 6903 6714 6266 12 7052 5783 7576 7628 7379 7074 6692 5656 4808 4883 6022 6959 6811 6614 6279 13 6929 5739 7466 7511 7283 7015 6668 5624 4731 4901 6051 6882 6814 6595 6178 14 6814 5689 7506 7472 7355 7046 6667 5605 4638 4817 6099 6884 6803 6624 6170 15 6692 5611 7399 7377 7201 6930 6519 5539 4535 4763 6006 6770 6684 6556 6009 16 6563 5515 7268 7267 6990 6811 6351 5535 4461 4720 5874 6627 6598 6352 5960 17 6605 5487 7090 7133 6882 6706 6347 5493 4508 4723 5800 6519 6481 6237 5891 18 6680 5486 7036 7034 6802 6580 6376 5442 4525 4748 5792 6552 6410 6225 5871 19 6733 5640 7067 7029 6715 6487 6411 5477 4594 4792 5790 6522 6438 6223 5865 20 6952 5815 7295 7156 6870 6683 6556 5668 4809 4971 5992 6695 6568 6304 5994 21 7579 6621 7914 7863 7604 7359 7119 6208 5442 5614 6602 7202 7092 6887 6522 22 7710 6983 8021 8084 8033 7796 7467 6649 5954 5996 6930 7458 7366 7128 6976 23 7284 6674 7483 7492 7492 7380 7180 6477 5752 5799 6541 6881 6844 6730 6614 24 6680 6235 6807 6862 6814 6665 6656 5992 5346 5453 5891 6214 6219 6159 6036

Average: 5903

5643

5510

5461

5478

5551

5619

6011

6372

6540

6542

6481

6426

6413

6306

6193

6127

6104

6119

6289

6909

7237

6841

6269

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

16.4.2011 17.4.2011 18.4.2011 19.4.2011 20.4.2011 21.4.2011 22.4.2011 23.4.2011 24.4.2011 25.4.2011 26.4.2011 27.4.2011 28.4.2011 29.4.2011 30.4.2011 1 403 380 410 462 486 489 409 445 391 435 484 441 432 404 443 2 405 382 411 480 482 484 384 406 368 435 486 443 434 405 395 3 400 382 411 431 487 484 384 407 370 436 486 423 434 406 394 4 414 382 409 409 471 477 384 406 366 411 461 398 434 406 394 5 412 381 406 407 412 481 382 405 375 412 461 416 433 405 394 6 409 356 373 374 406 425 377 423 395 413 467 448 480 425 408 7 475 484 564 624 586 627 507 473 448 464 597 639 635 607 482 8 537 509 616 677 672 641 540 569 459 478 713 698 655 640 482 9 544 506 595 697 676 590 535 553 458 491 708 650 684 666 481 10 544 505 595 688 668 631 536 552 458 502 707 639 679 666 502 11 546 505 595 689 652 637 536 557 460 503 708 650 679 667 502 12 545 481 569 699 642 633 531 552 456 499 704 691 683 661 499 13 494 508 593 688 607 638 532 548 457 500 707 701 674 662 502 14 494 483 568 691 607 640 532 548 463 495 708 693 683 663 483 15 494 484 571 653 609 614 536 547 464 470 684 689 680 664 433 16 490 483 572 622 612 589 512 550 464 469 658 686 667 665 449 17 488 482 571 620 587 589 511 541 463 468 656 668 667 664 484 18 535 505 594 669 611 600 536 539 486 490 704 660 671 663 482 19 533 498 589 663 607 642 552 501 479 495 699 646 678 660 478 20 524 478 555 681 609 608 539 523 439 468 684 554 661 624 424 21 531 505 614 696 660 636 542 540 463 473 694 543 630 609 466 22 550 515 623 701 613 627 547 536 472 483 703 561 628 618 472 23 447 417 451 523 429 491 402 475 413 440 616 507 464 455 433 24 464 382 417 391 411 471 390 428 390 417 474 467 474 439 409

Average:

434

427

422

415

412

412

547

592

589

591

592

590

587

583

573

566

564

583

581

558

573

577

464

428

Balkan Energy NEWS - FREE SAMPLE 2011!

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Issue No: 2011-IV/2 - issue covers period 16.4.2011-30.4.2011 Issue No: 2007-III/1

Romania: Average hourly net export in last 15 days

700 600 500 400 300 200 100 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 8000 7000 6000 5000

Romania: Average consumption in last 15 days

MWh

MWh

4000 3000 2000 1000 0

1

2

3

4

5

6

7

8

9

10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

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

16.4.2011 17.4.2011 18.4.2011 19.4.2011 20.4.2011 21.4.2011 22.4.2011 23.4.2011 24.4.2011 25.4.2011 26.4.2011 27.4.2011 28.4.2011 29.4.2011 30.4.2011 1 794 947 1065 995 973 890 965 786 976 1029 919 919 934 933 890 2 850 997 1044 955 1031 915 937 826 1003 1012 919 919 958 978 945 3 900 1008 1054 954 1007 970 920 924 921 1054 897 897 940 966 955 4 910 990 1042 891 1014 964 930 920 910 1066 900 900 924 953 938 5 905 969 987 866 1001 966 951 925 917 1067 908 908 941 959 947 6 889 988 980 960 1022 916 946 896 908 1041 918 918 969 1008 982 7 980 913 892 959 1065 926 902 917 876 1016 917 917 1007 1028 972 8 1142 977 927 1102 1112 917 1030 943 866 961 922 922 1018 992 973 9 997 1038 961 1130 1159 809 988 903 904 957 984 984 982 934 959 10 940 1058 1008 1120 1126 782 953 897 925 970 889 889 894 858 990 11 816 1063 921 1132 1080 785 995 893 922 968 894 894 906 901 972 12 820 1060 946 1139 1077 795 993 913 919 963 896 896 888 913 942 13 862 1068 1022 1175 1048 802 983 898 923 952 890 890 914 917 927 14 931 1069 988 1170 1019 801 968 903 920 956 893 893 914 960 923 15 946 1072 1008 1161 970 837 920 893 888 963 921 921 925 957 896 16 946 1043 989 1085 909 895 865 883 884 948 921 921 897 956 899 17 954 1039 944 1014 921 896 880 866 874 929 871 871 879 921 891 18 942 1001 918 970 974 885 855 840 818 933 863 863 853 884 863 19 998 1025 914 1001 1005 905 889 829 863 985 908 908 875 977 869 20 925 926 968 1049 1048 920 920 886 854 994 893 893 900 914 862 21 857 822 1081 1156 1093 903 979 943 938 1019 878 878 960 918 955 22 870 763 1118 1138 1093 922 965 910 974 1020 881 881 864 785 885 23 794 859 1070 1087 1078 960 1003 780 999 1074 897 897 867 785 858 24 795 873 979 984 1024 857 877 823 951 1028 808 808 825 757 838

Average:

934

952

958

950

948

956

953

987

979

953

943

944

951

954

952

936

917

898

930

930

959

938

934

882

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

16.4.2011 17.4.2011 18.4.2011 19.4.2011 20.4.2011 21.4.2011 22.4.2011 23.4.2011 24.4.2011 25.4.2011 26.4.2011 27.4.2011 28.4.2011 29.4.2011 30.4.2011 1 56.08 53.46 46.38 45.16 41.60 51.46 50.42 55.98 53.90 34.06 37.00 48.78 46.64 50.53 51.76 2 48.02 45.89 43.94 40.13 36.70 47.42 39.16 48.16 47.53 32.10 36.75 46.55 39.28 44.64 46.61 3 47.29 44.43 36.86 36.61 34.27 47.42 36.71 46.45 36.75 24.75 32.10 44.59 36.82 39.25 45.39 4 47.29 44.92 36.86 36.61 24.72 46.93 36.71 44.00 29.40 24.75 24.75 45.33 36.82 39.25 45.39 5 47.29 36.62 46.62 36.61 33.71 47.18 36.71 36.91 24.50 24.50 24.75 44.10 36.82 40.47 44.65 6 47.29 39.06 47.36 43.94 36.70 47.42 44.06 36.91 24.50 24.75 37.00 44.37 39.28 44.89 44.65 7 46.32 24.65 51.50 43.94 36.95 51.46 41.61 36.67 19.60 19.60 36.75 39.20 36.82 44.40 40.48 8 52.66 41.50 56.16 49.56 45.32 56.23 46.99 36.91 17.15 12.50 37.00 47.23 44.68 44.64 44.16 9 56.50 48.33 58.59 53.94 49.67 61.11 53.85 44.25 21.07 17.15 49.24 56.98 49.84 51.51 45.39 10 58.51 51.50 58.59 56.16 50.16 71.87 53.85 45.22 24.50 17.15 54.14 56.36 54.01 56.43 49.07 11 60.94 51.26 58.59 53.70 51.40 66.49 51.40 44.25 21.32 17.15 54.14 56.36 52.78 54.09 49.80 12 60.70 51.50 56.16 53.70 51.10 61.11 51.40 44.25 19.85 17.15 54.03 55.42 52.53 51.76 49.80 13 58.51 49.31 51.50 51.50 51.30 58.42 49.19 44.25 17.15 17.15 54.03 56.36 50.33 51.76 49.07 14 56.08 51.02 53.70 51.26 51.14 56.46 48.95 44.00 17.15 17.15 53.90 53.90 51.55 51.51 49.07 15 56.08 48.94 51.26 50.77 50.40 55.98 46.50 44.00 17.15 17.15 49.75 51.45 49.84 49.81 47.36 16 53.63 47.60 49.56 49.55 49.92 51.57 45.28 36.91 17.15 17.15 48.76 48.51 47.87 49.30 44.16 17 53.63 47.60 49.07 48.58 49.68 49.63 44.06 36.91 17.15 17.15 47.78 46.42 44.19 48.81 42.93 18 53.63 46.38 49.06 48.33 49.67 47.67 39.16 44.00 17.15 17.15 47.78 44.51 39.28 46.85 41.71 19 51.43 51.50 47.84 46.38 48.94 44.24 39.16 44.00 17.15 19.60 49.25 44.10 43.21 48.81 44.16 20 54.06 58.59 48.94 48.33 49.68 47.19 44.06 44.00 24.50 20.83 51.69 45.33 44.19 47.10 47.11 21 58.51 61.03 51.26 51.50 52.15 53.83 51.40 51.46 44.10 37.00 56.59 54.03 51.68 53.97 52.26 22 58.51 61.03 51.26 51.26 53.83 54.02 51.40 54.02 49.24 39.20 56.59 58.80 56.46 58.87 56.44 23 53.63 53.71 49.55 49.07 49.67 49.62 49.07 53.78 49.00 37.00 51.69 53.90 51.55 53.97 53.97 24 51.19 51.26 49.07 46.87 49.67 53.78 44.06 51.34 37.00 39.20 56.60 59.78 51.80 56.43 51.52

Average: 48.21

42.86

39.31

37.58

37.43

40.15

38.00

42.18

47.83

50.50

49.58

48.70

47.32

47.12

45.76

43.79

42.91

42.16

42.65

45.04

52.05

54.06

50.61

49.97

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

16.4.2011 17.4.2011 18.4.2011 19.4.2011 20.4.2011 21.4.2011 22.4.2011 23.4.2011 24.4.2011 25.4.2011 26.4.2011 27.4.2011 28.4.2011 29.4.2011 30.4.2011 Base Price Base Quantity Day Price Day Quantity Night Price Night Quatity 53.66 21762 55.61 14925 49.76 6837 48.38 23566 49.48 15936 46.17 7630 49.99 23826 52.69 15605 44.58 8220 47.64 25193 50.53 17502 41.88 7692 45.76 24850 49.46 16701 38.38 8149 53.27 21217 55.46 13779 48.90 7438 45.63 22611 47.39 15083 42.11 7528 44.53 21197 43.44 14317 46.69 6880 27.67 21934 22.59 14350 37.82 7584 23.39 23904 20.01 15533 30.14 8371 45.92 21587 50.09 14422 37.58 7165 50.10 21587 50.94 14422 48.43 7165 46.18 22033 48.08 14676 42.38 7357 49.13 22154 50.60 14815 46.18 7339 47.37 22130 47.06 14776 47.99 7354

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OPCOM, Romania - Traded energy

26000 25000 EUR/MWh 24000 MWh 23000 22000 21000 20000 19000 80 70 60 50 40 30 20 10 0

1 1 1 1

OPCOM, Romania - Prices

1

1

1

1

1

1

1

1

1

1 .201 29.4

.201

.201

.201

.201

.201

.201

.201

.201

.201

.201

.201

.201

.201

11

11

11

11

11

11

11

11

11

11

11

11

11

11

11

16.4

17.4

18.4

19.4

20.4

21.4

22.4

23.4

24.4

25.4

26.4

27.4

28.4

.4 .2 0

.4 .2 0

.4 .2 0

.4 .2 0

.4 .2 0

.4 .2 0

.4 .2 0

.4 .2 0

.4 .2 0

.4 .2 0

.4 .2 0

.4 .2 0

.4 .2 0

.4 .2 0

16

17

18

19

20

21

22

23

24

25

26

27

28

29

30

.4 .2 0

minimal price

average price

maximal price

60 50 40 30 20 10 0

1 1 1 1

OPCOM, Romania - Prices

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

EUR/MWh

1

1

1

1

1

1

1

1

1

1

.201

.201

.201

.201

.201

.201

.201

.201

.201

.201

.201

.201

.201

.201

16.4

17.4

18.4

19.4

20.4

21.4

22.4

23.4

24.4

25.4

26.4

27.4

28.4

29.4

Night

Day

Base

Slovenia: Electricity production in last 15 days (MWh)

16.4.2011 17.4.2011 18.4.2011 19.4.2011 20.4.2011 21.4.2011 22.4.2011 23.4.2011 24.4.2011 25.4.2011 26.4.2011 27.4.2011 28.4.2011 29.4.2011 30.4.2011 1 1585 1839 1789 1367 1511 1470 1432 1600 1262 1226 1143 1519 1492 1126 1451 2 1496 1556 1427 1404 1409 1415 1379 1137 986 972 992 1424 1415 1368 1412 3 1398 1469 1407 1404 1429 1405 1378 1018 927 938 1011 1396 1398 1391 1287 4 1393 1341 1396 1386 1430 1384 1392 1043 947 936 1106 1404 1406 1380 1194 5 1361 1291 1375 1368 1434 1373 1401 972 965 947 1113 1373 1404 1407 1199 6 1358 1291 1410 1431 1412 1378 1403 990 947 945 1135 1429 1385 1419 1174 7 1436 1293 1413 1433 1453 1402 1362 1017 960 967 1232 1428 1371 1402 1189 8 1452 1252 1719 1523 1657 1594 1566 1039 933 937 1311 1618 1554 1551 1129 9 1599 1313 2281 1687 2008 2039 1859 1130 1073 1051 1690 2014 1952 1849 1393 10 1694 1492 2335 1861 2303 2124 2230 1412 1275 1250 1903 2345 2270 2209 1702 11 1922 1617 2276 2123 2281 2117 2206 1617 1361 1460 2026 2361 2293 2284 1906 12 2050 1838 2233 2118 2104 2072 2212 1673 1563 1528 2020 2305 2286 2254 1915 13 2016 2038 2199 2142 2045 2089 2043 1671 1537 1532 2073 2317 2304 2231 1884 14 2048 2052 1956 2096 1869 2034 1777 1529 1467 1474 1995 2254 2266 2194 1751 15 1750 1732 1859 1972 1802 1724 1491 1237 1213 1241 2001 1984 1845 1802 1375 16 1595 1526 1704 1715 1553 1568 1462 1082 1044 1011 1781 1788 1645 1626 1271 17 1609 1499 1564 1534 1384 1480 1458 1081 1017 979 1582 1597 1453 1560 1281 18 1633 1471 1550 1543 1454 1492 1463 1101 1023 1008 1595 1562 1455 1511 1335 19 1749 1620 1567 1549 1438 1484 1528 1236 1266 1193 1602 1611 1507 1467 1487 20 1918 1830 1637 1540 1684 1749 1685 1433 1443 1433 1854 1756 1736 1734 1769 21 2012 2132 1810 1788 1936 2033 1905 1596 1742 1544 2160 2066 1978 1987 2049 22 2051 2211 2036 2023 2038 1995 2020 1820 1802 1793 2179 2065 1977 2039 2111 23 2034 2185 1833 2035 1868 1679 2033 1823 1772 1722 1922 1724 1712 1784 2084 24 1957 2135 1666 1614 1632 1580 1755 1555 1595 1405 1694 1536 1506 1537 2092

Average: 1454

1319

1284

1276

1266

1274

1291

1389

1663

1894

30.4

.201

1990

1

2011

2008

1917

1669

1491

1405

1413

1487

1680

1916

2011

1881

30.4

Slovenia: Electricity consumption in last 15 days (MWh)

16.4.2011 17.4.2011 18.4.2011 19.4.2011 20.4.2011 21.4.2011 22.4.2011 23.4.2011 24.4.2011 25.4.2011 26.4.2011 27.4.2011 28.4.2011 29.4.2011 30.4.2011 1 1316 1161 1172 1244 1342 1326 1252 1305 1052 971 997 1077 1052 846 1118 2 1175 1059 1075 1217 1216 1239 1226 1186 972 882 928 1000 1000 1040 1038 3 1122 1031 1036 1142 1185 1155 1161 1117 931 854 886 955 963 997 986 4 1092 1012 1016 1135 1148 1139 1148 1088 901 825 861 931 910 978 957 5 1065 998 1004 1133 1159 1125 1127 1069 884 828 851 889 939 978 956 6 1065 999 1043 1143 1164 1163 1133 1060 877 821 870 925 924 985 955 7 1118 1001 1158 1238 1243 1234 1228 1055 886 845 930 928 1005 1038 991 8 1239 1019 1457 1512 1546 1512 1475 1160 902 879 1074 984 1196 1218 1050 9 1368 1178 1631 1678 1666 1660 1647 1282 961 976 1195 1087 1351 1338 1183 10 1473 1280 1628 1666 1678 1642 1646 1407 1046 1080 1243 1182 1412 1421 1284 11 1502 1336 1599 1625 1630 1603 1618 1427 1075 1115 1264 1236 1413 1440 1306 12 1509 1371 1576 1595 1605 1589 1612 1413 1093 1118 1262 1229 1421 1451 1333 13 1519 1370 1605 1622 1633 1613 1627 1418 1102 1158 1289 1255 1449 1464 1332 14 1521 1361 1671 1679 1692 1666 1662 1396 1085 1151 1333 1239 1498 1501 1332 15 1433 1264 1593 1633 1631 1593 1610 1315 1030 1105 1312 1193 1437 1431 1257 16 1390 1238 1577 1559 1596 1578 1538 1275 955 1075 1276 1191 1429 1381 1216 17 1348 1198 1497 1554 1543 1549 1522 1252 934 1033 1271 1168 1341 1364 1174 18 1341 1174 1487 1557 1527 1554 1524 1249 963 1046 1268 1135 1345 1365 1151 19 1323 1189 1510 1534 1515 1519 1530 1226 992 1053 1257 1170 1340 1340 1135 20 1370 1252 1519 1537 1521 1547 1549 1222 1044 1087 1283 1200 1340 1343 1144 21 1446 1317 1585 1641 1603 1582 1590 1277 1102 1180 1344 1277 1387 1371 1188 22 1485 1427 1709 1725 1691 1683 1654 1326 1168 1215 1354 1297 1434 1389 1242 23 1379 1374 1589 1623 1619 1592 1579 1267 1111 1134 1276 1264 1375 1296 1157 24 1290 1311 1442 1438 1468 1480 1427 1169 1067 1069 1180 1142 1259 1241 1088

Average: 1149

1084

1035

1009

1000

1008

1060

1215

1347

1406

1413

1412

1430

1452

1389

1352

1317

1312

1309

1331

1393

1453

1376

.201

1

1684

1271

Balkan Energy NEWS - FREE SAMPLE 2011!

10

Balkan Energy NEWS, e-journal

Issue No: 2011-IV/2 - issue covers period 16.4.2011-30.4.2011 Issue No: 2007-III/1

Slovenia: Electricity expots in last 15 days (MWh)

16.4.2011 17.4.2011 18.4.2011 19.4.2011 20.4.2011 21.4.2011 22.4.2011 23.4.2011 24.4.2011 25.4.2011 26.4.2011 27.4.2011 28.4.2011 29.4.2011 30.4.2011 1 269 678 617 123 169 144 180 295 210 255 146 442 440 280 333 2 321 497 352 187 193 176 153 -49 14 90 64 424 415 328 374 3 276 438 371 262 244 250 217 -99 -4 84 125 441 435 394 301 4 301 329 380 251 282 245 244 -45 46 111 245 473 496 402 237 5 296 293 371 235 275 248 274 -97 81 119 262 484 465 429 243 6 293 292 367 288 248 215 270 -70 70 124 265 504 461 434 219 7 318 292 255 195 210 168 134 -38 74 122 302 500 366 364 198 8 213 233 262 11 111 82 91 -121 31 58 237 634 358 333 79 9 231 135 650 9 342 379 212 -152 112 75 495 927 601 511 210 10 221 212 707 195 625 482 584 5 229 170 660 1163 858 788 418 11 420 281 677 498 651 514 588 190 286 345 762 1125 880 844 600 12 541 467 657 523 499 483 600 260 470 410 758 1076 865 803 582 13 497 668 594 520 412 476 416 253 435 374 784 1062 855 767 552 14 527 691 285 417 177 368 115 133 382 323 662 1015 768 693 419 15 317 468 266 339 171 131 -119 -78 183 136 689 791 408 371 118 16 205 288 127 156 -43 -10 -76 -193 89 -64 505 597 216 245 55 17 261 301 67 -20 -159 -69 -64 -171 83 -54 311 429 112 196 107 18 292 297 63 -14 -73 -62 -61 -148 60 -38 327 427 110 146 184 19 426 431 57 15 -77 -35 -2 10 274 140 345 441 167 127 352 20 548 578 118 3 163 202 136 211 399 346 571 556 396 391 625 21 566 815 225 147 333 451 315 319 640 364 816 789 591 616 861 22 566 784 327 298 347 312 366 494 634 578 825 768 543 650 869 23 655 811 244 412 249 87 454 556 661 588 646 460 337 488 927 24 667 824 224 176 164 100 328 386 528 336 514 394 247 296 1004

Average:

305

236

249

266

265

265

231

174

316

488

577

600

578

465

279

140

89

101

178

350

523

557

505

413

Slovenia: Average hourly export in last 15 days

2500

Slovenia: Average consumption and production in last 15 days

500 450 400 350 300 250 200 150 100 50 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 500 2000

MWh

1500

MWh

Production

1000

Consumption

Hour

Hour

Forecasted weather conditions for the following period

Date

Albania Tirana

T: 12 - 21 W: NW 11 R: 4 T: 8 - 21 W: NW 25 R: T: 6 - 20 W: NE 7 R: T: 7 - 21 W: NW 20 R: T: 8 - 21 W: NW 15 R: T: 8 - 21 W: W 5 R: Temp: 13-23 Rain: 25

Bosnia and Bulgaria Herzegovina Sofia Sarajevo

T: 4 - 13 W: E 10 R: T: 1 - 14 W: N 13 R: T: 2 - 15 W: W 12 R: T: 4 - 16 W: N 25 R: T: 2 - 15 W: SW 12 R: T: 1 - 16 W: E 13 R: Temp: 8-20 Rain: 50

Croatia Zagreb

T: 5 - 17 W: NE 13 R: T: 4 - 18 W: NE 11 R: T: 4 - 18 W: E 5 R: T: 6 - 20 W: SE 12 R: T: 10 - 22 W: E 6 R: T: 7 - 18 W: SE 5 R: 1

Temp: 9-21 Rain: 61

Greece Athens

T: 15 - 22 W: NW 9 R: 4 T: 14 - 19 W: W 7 R: 5 T: 13 - 19 W: NW 19 R: T: 12 - 19 W: SW 18 R: T: 13 - 20 W: SE 20 R: T: 12 - 20 W: S 20 R: Temp: 16-25 Rain: 10

Macedonia Montenegro Romania Podgorica Bucharest Skopje

T: 6 - 16 W: NW 23 R: 2 T: 3 - 12 W: NW 20 R: T: 3 - 17 W: NW 20 R: T: 6 - 17 W: SE 20 R: T: 5 - 16 W: NW 10 R: 1 T: 5 - 20 W: SW 10 R: 1

Temp: 10-20 Rain: 40

Serbia Belgrade

T: 8 - 14 W: NW 20 R: T: 5 - 16 W: NW 15 R: T: 8 - 16 W: NW 10 R: T: 9 - 15 W: NW 10 R: T: 9 - 16 W: N 25 R: 4 T: 7 - 17 W: NE 10 R: 2

Temp: 12-22 Rain: 31

Slovenia Ljubljana

T: 4 - 16 W: E 10 R: T: 6 - 17 W: E 6 R: T: 5 - 18 W: E 3 R: T: 10 - 21 W: SE 11 R: T: 6 - 20 W: SE 4 R: T: 10 - 19 W: SE 7 R: 2

Temp: 8-22 Rain: 37

Turkey Istanbul

T: 12 - 15 W: SW 10 R: 13 T: 10 - 15 W: NW 19 R: 1 T: 10 - 13 W: E 14 R: 3 T: 9 - 14 W: W 25 R: T: 10 - 15 W: SW 20 R: T: 11 - 16 W: NW 7 R: Temp: 14-21 Rain: 10

04.05.

T: 5 - 18 W: NW 15 R: 3 T: 2 - 14 W: NW 16 R: T: 1 - 17 W: NW 25 R: T: 5 - 14 W: NW 20 R: 1 T: 4 - 17 W: SE 20 R: 7 T: 4 - 15 W: E 12 R: 2

Temp: 8-21 Rain: 51

T: 10 - 22 W: NE 10 R: 1 T: 7 - 21 W: W 10 R: T: 9 - 20 W: SW 10 R: T: 12 - 20 W: SW 13 R: T: 9 - 21 W: SW 9 R: 1 T: 10 - 21 W: SW 10 R: 2

Temp: 14-24 Rain: 32

T: 8 - 19 W: NE 25 R: 3 T: 5 - 16 W: R: 8 T: 3 - 15 W: W 6 R: 2 T: 4 - 15 W: W 20 R: 4 T: 6 - 16 W: SE 6 R: 6 T: 5 - 16 W: NE 10 R: 1

Temp: 12-24 Rain: 25

05.05.

06.05.

07.05.

08.05.

09.05.

May Averages

T: Temperature in celsius degrees W: Wind speed in km/h, S ­ South, W ­ West, N ­ North, E ­ East and variables; "-" - no wind; "L-V" - Light and variable R: Rain in mm S: Snow in mm

Balkan Energy NEWS - FREE SAMPLE 2011!

11

Balkan Energy NEWS, e-journal

Issue No: 2011-IV/2 - issue covers period 16.4.2011-30.4.2011

MAVIR - Hungary Border+Direction TTC 550 Romania > Hungary 500 450 350 Serbia > Hungary* 800 800 Hungary > Romania Hungary > Serbia* 600 800 700 TRM 100 100 100 100 100 100 100 100 100 NTC 450 400 350 250 700 700 500 700 600 AAC 200 200 200 200 200 150 150 150 200 ATC 250 200 150 50 500 550 350 550 400 AATC 250 200 150 50 500 330 330 340 399 Price 2.56 2.88 3.90 6.05 0.91 0.00 0.00 0.00 0.03 IMPORT 01.5.2011 02.-15.5.2011 16.-22.5.2011 23.-31.5.2011 01.-31.5.2011 01.5.2011 02.-06.5.2011 07.-31.5.2011 01.-31.5.2011 May 2011 Validity period:

Tables with results of Allocated Aailable Transfer Capacities (AATC) in Balkan region for May 2011

NOS BIH - Bosnia & Herzegovina Border+Direction Croatia > BIH Montenegro > BIH Serbia > BIH BIH > Croatia BIH > Montenegro BIH > Serbia ESO - Bulgaria Border+Direction TTC Romania > Bulgaria Macedonia > Bulgaria Greece > Bulgaria Bulgaria > Serbia Bulgaria > Romania Bulgaria > Macedonia Bulgaria > Greece Transelectrica - Romania Border+Direction TTC 400 Bulgaria > Romania 500 400 300 Serbia > Romania 350 300 250 800 Hungary > Romania 600 800 300 200 Ucraine > Romania 300 250 300 350 400 Romania > Bulgaria 300 400 350 650 Romania > Serbia 600 350 550 Romania > Hungary 500 450 350 Romania > Ucraine 150 TRM 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 NTC 300 400 300 100 125 100 75 700 500 700 200 100 200 150 200 250 300 200 300 250 275 250 125 450 400 350 250 50 AAC 200 200 200 50 50 50 50 150 150 150 50 50 50 50 50 50 200 200 200 200 75 75 75 200 200 200 200 50 ATC 110 210 110 50 75 50 25 550 350 550 150 50 150 100 150 200 110 10 110 60 200 175 50 250 200 150 50 0 AATC 110 210 110 50 75 50 25 330 330 340 130 50 130 100 130 170 75 10 75 60 200 175 50 250 200 150 50 0 Price 2.87 0.08 0.67 0.07 0.06 0.07 0.10 0.00 0.00 0.00 0.00 0.02 0.00 0.05 0.00 0.00 0.00 0.11 0.00 0.07 1.77 1.71 4.27 2.56 2.88 3.90 6.05 0.00 IMPORT 01.-08.5.2011 09.-20.5.2011 21.-31.5.2011 01.-08.5.2011 09.-22.5.2011 23.-29.5.2011 30.-31.5.2011 01.5.2011 02.-06.5.2011 07.-31.5.2011 01.-01.05.2011 02.-06.05.2011 07.-20.05.2011 21.-22.05.2011 23.-29.05.2011 30.-31.05.2011 TRM NTC 200 150 300 200 300 250 150 500 0 500 400 600 400 300 400 300 400 600 300 400 0 500 AAC EXPORT 100 200 100 110 210 110 125 225 75 150 0 250 100 200 100 110 210 110 125 225 75 150 0 250 4.87 1.94 5.63 2.87 0.08 0.67 0.77 0.77 2.27 3.31 0.00 1.97 01.-08.5.2011 09.-20.5.2011 21.-31.5.2011 01.-08.5.2011 09.-20.5.2011 21.-31.5.2011 01.-08.5.2011 09.-20.5.2011 21.-31.5.2011 01.-08.5.2011 09.-20.5.2011 21.-31.5.2011 ATC 70 45 110 10 110 60 75 345 0 345 AATC 70 45 75 10 75 60 75 110 0 110 Price 0.01 0.01 0.00 0.11 0.00 0.07 0.03 0.00 0.00 0.00 IMPORT Serbia > Bulgaria 01.-29.5.2011 30.-31.5.2011 01.-08.5.2011 09.-20.5.2011 21.-22.5.2011 23.-31.5.2011 01.-31.5.2011 01.-08.5.2011 09.-20.5.2011 21.-31.5.2011 TTC TRM NTC 440 400 400 650 450 550 AAC ATC 15 150 50 175 175 225 AATC 15 115 50 175 175 155 Price 0.05 0.00 0.26 0.31 0.10 0.00 IMPORT 01.-31.5.2011 01.-31.5.2011 01.-31.5.2011 01.-31.5.2011 01.-31.5.2011 01.-31.5.2011 May 2011 Validity period: May 2011 Validity period:

EXPORT

EXPORT

*Romanian border - auction for 100% of ATC, held by Transelectrica *Serbian border - auction for 100% of ATC, held by EMS MEPSO - Macedonia Border+Direction TTC 0 Serbia > Macedonia 560 500 500 Bulgaria > Macedonia 700 400 Greece > Macedonia 500 350 0 350 250 200 Macedonia > Greece 500 300 EMS - Serbia Border+Direction Albania > Serbia BiH > Serbia Bulgaria > Serbia TTC 260 550 500 700 500 Croatia > Serbia Hungary > Serbia* Montenegro > Serbia Macedonia > Serbia 550 700 600 550 0 350 650 Romania > Serbia 600 350 260 210 450 Serbia > BiH 500 300 Serbia > Bulgaria 300 250 450 Serbia > Croatia 500 300 Serbia > Hungary* 800 650 Serbia > Montenegro 550 500 450 0 Serbia > Macedonia 560 500 300 Serbia > Romania 350 300 250 TRM 50 100 100 100 100 100 100 150 150 0 100 100 100 100 50 50 100 100 100 100 100 100 100 100 100 150 150 100 100 100 100 100 100 100 100 100 NTC 210 450 400 600 400 450 600 450 400 0 250 550 500 250 210 160 350 400 200 200 150 350 400 200 700 500 400 450 350 0 460 400 200 250 200 150 AAC 24 50 99 99 99 50 200 50 50 0 50 75 75 75 25 25 50 50 50 50 50 50 50 50 200 139 139 139 139 0 75 75 49 49 49 49 ATC 81 175 101 201 101 175 400 175 150 0 75 200 175 50 80 55 125 150 50 50 25 125 150 50 500 111 61 86 36 0 155 125 51 76 51 26 AATC 80 174 101 201 101 175 399 175 149 0 75 199 175 50 80 55 125 150 50 50 25 125 150 50 500 111 61 85 36 0 154 125 50 76 50 25 Price 0.06 0.03 5.42 2.93 5.56 0.04 0.03 0.01 0.02 0.00 1.37 1.81 2.63 5.54 1.87 2.57 0.26 0.17 0.53 0.07 0.09 0.84 0.81 1.37 0.91 0.05 0.40 0.17 0.57 0.00 0.07 0.11 0.03 0.02 0.03 0.06 IMPORT 01.-31.5.2011 01.-31.5.2011 01.-08.5.2011 09.-20.5.2011 21.-31.5.2011 01.-31.5.2011 01.-31.5.2011 01.-07.5.2011 08.-31.5.2011 01.-07.5.2011 08.-31.5.2011 01.-08.5.2011 09.-22.5.2011 23.-31.5.2011 01.-22.5.2011 23.-31.5.2011 01.-10.5.2011 11.-22.5.2011 23.-31.5.2011 01.-29.5.2011 30.-31.5.2011 01.-10.5.2011 11.-22.5.2011 23.-31.5.2011 01.-31.5.2011 01.-07.5.2011 08.-10.5.2011 11.-22.5.2011 23.-31.5.2011 01.-07.5.2011 08.-22.5.2011 23.-31.5.2011 01.-08.5.2011 09.-22.5.2011 23.-29.5.2011 30.-31.5.2011 TRM 0 100 100 100 100 100 100 100 0 100 100 100 100 100 NTC 0 460 400 400 600 300 400 250 0 250 150 100 400 200 AAC 0 75 75 75 75 75 0 0 0 0 0 0 0 0 ATC 0 155 125 125 225 75 200 125 0 125 75 50 200 100 AATC 0 45 35 115 65 75 0 0 0 70 0 50 53 40 Price 0.00 0.00 0.00 0.00 0.00 2.40 0.00 0.00 0.00 0.00 0.00 2.40 0.00 0.00 IMPORT 01.-07.5.2011 08.-22.5.2011 23.-31.5.2011 01.-08.5.2011 09.-20.5.2011 21.-31.5.2011 01.-20.5.2011 21.-31.5.2011 01.-07.5.2011 08.-31.5.2011 01.-31.5.2011 01.-07.5.2011 08.-20.5.2011 21.-31.5.2011 May 2011 Validity period: May 2011 Validity period:

EXPORT Macedonia > Serbia Macedonia > Bulgaria

May 2011 Validity period:

EXPORT Serbia > Albania

EXPORT 01.-08.5.2011 09.-20.5.2011 21.-22.5.2011 23.-31.5.2011 01.-08.5.2011 09.-22.5.2011 23.-31.5.2011 01.5.2011 02.-15.5.2011 16.-22.5.2011 23.-31.5.2011 01.-31.5.2011

*Bulgarian border - auction for 100% of ATC, held by ESO-EAD **Hungarian border - auction for 100% of ATC, held by Transelectrica ***Ukrainian border - auction for 100% of ATC

* - Hungarian border - auction for 100% of ATC, held by EMS

Balkan Energy NEWS - FREE SAMPLE 2011!

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Balkan Energy NEWS, e-journal

ELES - Slovenia Border+Direction Croatia > Slovenia Austria > Slovenia Slovenia > Croatia Slovenia > Austria TTC TRM NTC AAC EXPORT 200 300 300 0.11 01.-31.5.2011 01.-31.5.2011 ATC 200 300 AATC 200 300 Price 0.29 0.07 IMPORT 01.-31.5.2011 01.-31.5.2011 May 2011 Validity period:

Issue No: 2011-IV/2 - issue covers period 16.4.2011-30.4.2011 Issue No: 2007-III/1

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

- TTC (Total Transfer Capacity) - TRM (Transmission Reliability Margin) - NTC (Net Transfer Capacity) values in previous tables, represents commonly correlated values, given per each border and per each direction on the respective border. (Please note that some of TSOs on their web sites publish only one-half of the NTC value, i.e. their own part of NTC, and therefore NTC data can be different) - AAC (Already Allocated Capacity) value represents part of transmission capacity allocated earlier by TSO in which table this value appears. - ATC (Available Transfer Capacities) value represents amount of transmission capacity, which will be offered by the TSO in which table this value appears to the interested market participants through allocation procedure: usually by pro-rata or explicit auctions method. (Please note that some of TSOs on their web sites within their ATC value publish ATC part of the neighboring TSO, and therefore ATC data can be different - AATC (ALLOCATED Available Transfer Capacities) values are the results of allocation procedure conducted by respective TSO in which table this value appears

Characteristic water stages (in cm)

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

Balkan Energy NEWS - FREE SAMPLE 2011!

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Balkan Energy NEWS, e-journal

Issue No: 2011-IV/2 - issue covers period 16.4.2011-30.4.2011 Issue No: 2007-III/1

Analysis:

Statistical data of energy sector in Southeast Europe for 2006,2007, 2008, 2009 and 2010

Dear readers, in the analysis of this issue of Balkan Energy NEWS we present comparation of statistical data of energy sector in Southeast Europe for 2006, 2007, 2008, 2009 and 2010. Monthly data for electricity generation, consumption, imports and exports are shown in tables and diagrams. Source:

Monthly electricity consumption (In GWh)

Year 2006 2007 Bosnia and Herzegovina 2008 2009 2010 2006 2007 Bulgaria 2008 2009 2010 2006 2007 Croatia 2008 2009 2010 2006 2007 Greece 2008 2009 2010 2006 2007 Macedonia 2008 2009 2010 2007 Montenegro 2008 2009 2010 2006 2007 Romania 2008 2009 2010 2007 Serbia 2008 2009 2010 2006 2007 Slovenia 2008 2009 2010 1 1122 1027 1094 1099 1074 4006 3206 3922 3615 3486 1698 1561 1680 1625 1679 4853 4629 4915 4652 4666 943 830 933 862 797 426 461 396 371 4859 4735 5170 4736 4874 3816 4192 4317 4280 1217 1186 1150 1062 1083 2 975 891 998 932 979 3538 2976 3299 3081 3052 1493 1403 1543 1530 1536 4284 4243 4539 4271 4107 821 732 795 747 715 412 425 425 352 4537 4418 4801 4268 4472 3420 3715 3769 3824 1093 1068 1075 944 991 3 1001 953 1012 963 1016 3455 3058 2960 3196 3021 1584 1483 1570 1551 1568 4375 4467 4269 4401 4327 797 777 761 758 700 401 408 367 357 4787 4660 4795 4473 4727 3497 3622 3841 3812 1177 1169 1116 978 1054 4 856 850 911 816 910 2741 2566 2637 2636 2443 1298 1278 1398 1323 1356 3833 4014 4105 3894 3913 630 664 687 466 568 347 345 267 306 4136 4080 4396 3803 4111 2902 3075 2801 3080 1008 1047 1036 828 941 5 861 870 908 830 899 2689 2472 2522 2295 2286 1269 1319 1352 1333 1344 4281 4323 4407 4209 4178 596 583 635 523 564 354 326 272 171 4159 4273 4401 3920 4088 2673 2819 2682 2849 1068 1115 1034 874 997 6 845 843 884 813 876 2633 2447 2465 2281 2025 1296 1243 1381 1307 1342 4572 4895 5015 4650 4568 563 588 611 490 546 351 331 268 253 4041 4242 4294 3905 4051 2589 2354 2601 2766 1096 1109 1032 888 990 7 861 888 928 861 928 2429 2366 2585 2442 2121 1432 1360 1513 1483 1538 5022 5857 5830 5479 5342 578 634 660 543 591 389 377 300 359 4188 4541 4526 4116 4224 2667 2731 2727 2795 1121 1121 1058 937 1039 8 868 875 940 879 943 2490 2346 2593 2373 2250 1353 1431 1464 1471 1452 5184 5169 5340 4823 5449 583 625 658 532 614 385 389 305 337 4217 4343 4493 3966 4320 2669 2733 2737 2794 1022 1075 1000 901 962 9 848 864 836 847 912 2716 2238 2503 2273 2396 1089 1328 1408 1338 1346 4287 4400 4598 4195 4241 569 593 662 529 565 349 367 278 374 4115 4165 4388 3886 4100 2703 2968 2690 2747 1097 1100 1039 939 984 10 915 985 975 939 1029 2647 2773 2726 2580 2970 1323 1466 1430 1421 1444 4177 4380 4285 4185 4144 642 710 674 635 705 386 362 288 324 4421 4647 4632 4308 4665 3321 3225 3367 3514 1142 1154 1108 987 1064 11 971 1016 995 961 1000 3040 3105 2987 2770 2647 1437 1571 1463 1477 1453 4386 4439 4311 4194 4073 751 844 710 694 738 428 378 202 342 4691 4913 4625 4464 4592 3808 3561 3669 3444 1158 1158 1063 1006 1048 12 1078 1120 1089 1054 1156 3357 3643 3307 3185 3257 1591 1731 1640 1648 1718 4746 4883 4692 4551 4557 887 973 794 797 908 483 416 349 409 4868 5114 4686 4791 5141 4295 4114 4144 4264 1159 1175 1009 1022 1134 Sum 11201 11182 11570 10994 11722 35741 33196 34506 32727 31954 16863 17174 17842 17507 17776 54000 55699 56306 53504 53565 8360 8553 8580 7576 8011 4711 4585 3717 3955 53019 54131 55207 50636 53365 38360 39109 39345 40169 13358 13477 12720 11366 12287

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Balkan Energy NEWS, e-journal

Issue No: 2011-IV/2 - issue covers period 16.4.2011-30.4.2011 Issue No: 2007-III/1

Bulgaria - Monthly consumption 2006/2007/2008/2009/2010

4000 3500 3000 2500

Bosnia and Herzegovina - Monthly consumption 2006/2007/2008/2009/2010

1200 1000 800

GWh

GWh

1 2 3 4 2006 5 2007 6 2008 7 2009 8 2010 9 10 11 12

600 400 200

2000 1500 1000 500

0

0 1 2 3 4

2006

5

2007

6

2008

7

2009

8

2010

9

10

11

12

Croatia - Monthly consumption 2006/2007/2008/2009/2010

1800 1600 1400 1200 6000 5000 4000

Greece - Monthly consumption 2006/2007/2008/2009/2010

GWh

GWh

1000 800 600 400 200 0 1 2 3 4

2006

3000 2000 1000 0

5

2007

6

2008

7

2009

8

2010

9

10

11

12

1

2

3

4

2006

5

2007

6

2008

7

2009

8

2010

9

10

11

12

Macedonia - Monthly consumption 2006/2007/2008/2009/2010

1000 900 800 700 600 500 400 300 200 100 0 1 2 3 4

2006

Montenegro - Monthly consumption 2007/2008/2009/2010

500 400 300 200 100 0

GWh

5

2007

6

2008

7

2009

8

2010

9

10

11

12

GWh

1

2

3

4

5

2007

6

2008

7

2009

8

2010

9

10

11

12

Romania - Monthly consumption 2006/2007/2008/2009/2010

6000 5000 4000 4500 4000 3500 3000

Serbia - Monthly consumption 2007/2008/2009/2010

GWh

3000 2000 1000 0 1 2 3 4

2006

GWh

5

2007

2500 2000 1500 1000 500

6

2008

7

2009

8

2010

9

10

11

12

0 1 2 3 4 5

2007

6

2008

7

2009

8

2010

9

10

11

12

Slovenia - Monthly consumption 2006/2007/2008/2009/2010

1400 1200 1000

GWh

800 600 400 200 0 1 2 3 4

2006

5

2007

6

2008

7

2009

8

2010

9

10

11

12

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Balkan Energy NEWS, e-journal

Issue No: 2011-IV/2 - issue covers period 16.4.2011-30.4.2011 Issue No: 2007-III/1

Monthly pumps consumption (In GWh)

Year 2006 2007 Bulgaria 2008 2009 2010 2006 2007 Croatia 2008 2009 2010 2006 2007 Greece 2008 2009 2010 2006 2007 Romania 2008 2009 2010 2006 2007 Serbia 2008 2009 2010 1 41 67 56 94 74 19 21 14 90 16 34 92 103 83 9 4 4 5 12 19 61 134 52 59 102 2 13 50 67 77 85 11 23 12 4 20 79 94 96 20 3 3 4 4 10 19 34 10 40 48 42 3 37 62 65 0 84 13 13 6 11 19 18 112 101 51 0 6 7 6 0 14 86 32 93 62 94 4 31 54 54 58 71 7 14 14 5 19 26 99 100 29 7 30 15 21 22 31 135 12 67 116 129 5 35 37 34 49 60 20 21 10 8 8 49 104 101 31 7 39 25 23 10 43 160 73 52 83 141 6 18 20 28 62 32 7 10 17 10 8 39 83 91 67 2 22 15 12 8 28 53 59 20 115 78 7 34 34 52 81 74 15 20 25 16 8 40 82 94 21 0 18 7 9 11 16 57 42 117 97 100 8 36 44 60 100 88 17 21 19 8 9 45 86 95 16 1 16 15 5 13 8 56 57 101 30 5 9 39 38 55 72 91 12 25 10 14 13 63 95 98 23 6 4 21 4 10 15 92 106 29 81 50 10 56 49 70 81 89 18 15 18 14 6 65 105 105 21 1 6 15 7 15 18 48 144 100 94 78 11 53 67 78 74 115 19 29 9 10 10 73 80 104 17 0 5 14 4 25 20 34 99 106 66 162 12 63 0 86 98 110 21 21 0 13 0 79 90 110 7 1 1 8 19 14 34 100 44 79 64 134 Sum 456 522 705 846 973 179 233 154 203 136 610 1122 1198 386 37 154 150 119 150 265 916 812 856 915 1115

Bulgaria - Monthly pumps consumption 2006/2007/2008/2009/2010

140 120 100

Croatia - Monthly pumps consumption 2006/2007/2008/2009/2010

100 90 80 70

GWh

80 60 40 20 0 1 2 3 4 5 6 7 8 9 10 11 12

GWh

60 50 40 30 20 10 0 1 2 3 4 2006 5 2007 6 2008 7 2009 2010 8 9 10 11 12

2006

2007

2008

2009

2010

Greece - Monthly pumps consumption in 2006/2007/2008/2009/2010

120 100 80

Romania - Monthly pumps consumption in 2006/2007/2008/2009/2010

50 45 40 35

GWh

GWh

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

30 25 20

60 40 20 0

15 10 5 0 1 2 3 4 5

2006 2007

6

2008

7

2009

8

2010

9

10

11

12

2006

2007

2008

2009

2010

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Serbia - Monthly pumps consumption in 2006/2007/2008/2009/2010

180 160 140 120

Issue No: 2011-IV/2 - issue covers period 16.4.2011-30.4.2011 Issue No: 2007-III/1

GWh

100 80 60 40 20 0 1 2 3 4

2006

5

2007

6

2008

7

2009

8

2010

9

10

11

12

Thermal electricity generation (In GWh)

Year 2006 2007 Bosnia and Herzegovina 2008 2009 2010 2006 2007 Bulgaria 2008 2009 2010 2006 2007 Croatia 2008 2009 2010 2006 2007 Greece 2008 2009 2010 2006 2007 Macedonia 2008 2009 2010 2007 Montenegro 2008 2009 2010 2006 2007 Romania 2008 2009 2010 2007 Serbia 2008 2009 2010 2006 2007 Slovenia 2008 2009 2010 1 666 704 706 693 706 2086 1831 2200 2421 2121 479 684 564 488 417 3644 4104 4307 3896 3398 514 586 566 560 426 59 135 138 112 3451 3612 3290 2973 2582 2927 3146 3180 2836 469 480 473 463 486 2 669 658 749 596 704 2046 1724 1781 1973 1867 486 429 599 350 426 3423 3683 3741 3270 2600 451 509 483 483 405 107 120 120 89 3365 3208 3168 2558 2365 2322 2802 2541 2638 415 418 464 449 397 3 585 708 701 668 652 1838 1681 1766 1774 1615 393 496 559 363 435 3125 3745 3253 3218 2513 462 495 499 533 293 119 119 138 98 3175 3088 2771 2343 2248 2319 2559 2778 2591 389 472 434 429 496 4 373 363 486 470 469 1208 1427 1561 1455 1089 261 428 379 303 312 2790 3453 3427 2926 2681 347 410 417 343 289 79 35 125 123 2407 2293 2215 1474 1565 2145 2061 1674 2191 313 349 443 348 358 5 421 506 638 681 672 1392 1072 1410 1342 1417 296 452 347 246 252 3403 3762 3693 3327 3073 283 326 285 278 311 49 7 67 67 2145 2342 2193 1895 1688 2245 2012 2028 1985 373 237 333 299 321 6 530 537 751 769 616 1589 1667 1808 1199 1354 296 489 493 325 340 3657 3998 4049 3520 3230 286 207 298 272 389 0 130 1 101 1817 2602 2332 1753 1582 2281 1698 2332 2047 393 266 418 353 320 7 694 620 853 818 522 1569 2168 1943 1439 1447 553 555 583 459 438 3969 4636 4754 4074 3995 391 352 341 271 430 0 107 1 126 2245 2982 2547 1865 1790 2124 2331 2272 2195 424 445 406 414 335 8 739 723 810 691 555 1727 1878 1788 1225 1568 442 608 560 487 441 4143 4303 4325 3825 4206 359 356 346 407 340 0 131 1 120 2405 2642 2504 2006 1809 2152 2153 2332 2211 320 407 332 267 339 9 613 749 737 662 604 1793 2118 2136 1713 1896 312 537 596 526 441 3535 3812 3919 3490 3306 330 305 349 440 300 37 132 1 111 2542 2419 2755 2192 2045 2002 2265 2423 2250 351 380 402 275 382 10 653 768 751 759 722 1654 2325 1786 2156 2394 485 745 594 624 448 3498 3898 3784 3508 3150 445 447 442 484 300 111 65 1 137 3190 2684 2892 2627 2550 2656 2756 2799 2567 426 430 434 475 484 11 736 719 800 611 666 1781 2038 2176 1910 2034 561 676 456 515 390 3564 3914 3624 3130 2738 482 486 476 460 368 93 114 1 86 3742 2833 3113 2434 2495 2728 2865 2702 2317 463 447 348 482 433 12 773 727 686 619 796 1797 2193 2239 1800 2282 700 565 360 504 461 3902 4269 3841 3433 3030 590 537 480 478 431 111 60 27 97 3752 2987 2856 2781 2565 3068 2735 2966 2680 391 485 351 442 443 Sum 7452 7782 8668 8037 7684 20480 22122 22594 20407 21084 5264 6664 6090 5190 4801 42653 47577 46717 41617 37920 4940 5016 4982 5009 4282 765 1155 621 1267 34236 33692 32636 26901 25284 28969 29383 30027 28508 4727 4816 4838 4696 4794

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Bosnia and Herzegovina - Monthly thermal generation 2006/2007/2008/2009/2010

900 800 700 600

Issue No: 2011-IV/2 - issue covers period 16.4.2011-30.4.2011 Issue No: 2007-III/1

Bulgaria - Monthly thermal generation 2006/2007/2008/2009/2010

2500

2000

GWh

400 300 200 100 0 1 2 3 4 5 6 7 8 9 10 11 12

GWh

500

1500

1000

500

0 1 2 3 4 2006 5 2007 6 2008 7 2009 8 2010 9 10 11 12

2006

2007

2008

2009

2010

Croatia - Monthly thermal generation 2006/2007/2008/2009/2010

800

Greece - Monthly thermal generation 2006/2007/2008/2009/2010

5000 4500 4000 3500 3000 2500 2000 1500 1000 500 0

700 600 500

GWh

400 300 200 100 0 1 2 3 4 2006 5 2007 6 2008 7 2009 8 2010 9 10 11 12

GWh

1

2

3

4

2006

5

2007

6

2008

7

2009

8

2010

9

10

11

12

Macedonia - Monthly thermal generation 2006/2007/2008/2009/2010

600 500

150 200

Montenegro - Monthly thermal generation 2007/2008/2009/2010

400

GWh

GWh

300 200 100 0 1 2 3 4

2006

100

50

0

5

2007

6

2008

7

2009

8

2010

9

10

11

12

1

2

3

4

5 2007 2008

6 2009

7 2010

8

9

10

11

12

Romania - Monthly thermal generation 2006/2007/2008/2009/2010

4000 3200 2400 1600 800 0 1 2 3 4

2006 800 3200

Serbia - Monthly thermal generation 2007/2008/2009/2010

2400

GWh

GWh

5

2007

1600

0

6

2008

7

2009

8

2010

9

10

11

12

1

2

3

4

5 2007

6 2008

7 2009

8 2010

9

10

11

12

Slovenia - Monthly thermal generation 2006/2007/2008/2009/2010

500 400 300

GWh

200 100 0 1 2 3 4 2006 5 2007 6 2008 7 2009 8 2010 9 10 11 12

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Issue No: 2011-IV/2 - issue covers period 16.4.2011-30.4.2011 Issue No: 2007-III/1

Hydro electricity generation (In GWh)

Year 2006 2007 Bosnia and Herzegovina 2008 2009 2010 2006 2007 Bulgaria 2008 2009 2010 2006 2007 Croatia 2008 2009 2010 2006 2007 Greece 2008 2009 2010 2006 2007 Macedonia 2008 2009 2010 2007 Montenegro 2008 2009 2010 2006 2007 Romania 2008 2009 2010 2007 Serbia 2008 2009 2010 2006 2007 Slovenia 2008 2009 2010 1 799 283 479 699 951 584 169 361 227 490 793 369 505 807 923 939 313 308 341 817 203 106 115 101 250 74 175 320 397 1432 933 1427 1186 1481 785 875 1017 1153 146 164 194 259 282 2 502 290 369 796 800 350 144 245 275 461 578 385 372 799 811 543 238 289 507 942 146 81 93 71 232 197 172 356 304 1235 1141 1352 1217 1246 900 778 1080 1048 153 176 151 251 223 3 670 383 436 718 957 515 227 255 323 550 695 534 437 741 892 936 193 253 562 1076 174 94 85 94 275 174 171 197 341 1597 1460 1558 1518 1560 1103 1117 1137 1250 271 250 189 290 274 4 827 469 546 637 782 606 221 351 378 592 730 427 566 814 836 667 208 179 518 390 174 102 84 135 258 131 175 146 237 1693 1298 1734 1687 1691 893 1149 1234 1248 380 280 273 511 280 5 638 280 362 380 737 430 437 399 437 551 662 348 488 612 770 643 283 264 352 349 188 64 95 165 282 75 96 102 252 1842 1462 1905 1626 1843 762 927 974 1232 454 252 372 519 448 6 366 259 313 366 458 486 419 385 413 518 470 271 468 443 580 419 336 379 351 364 142 85 41 130 203 35 64 96 193 2018 1322 1777 1388 1742 706 818 833 935 354 237 429 464 413 7 367 273 225 281 381 305 0 269 362 449 364 316 346 416 489 413 523 450 505 560 121 69 51 116 113 61 38 73 88 1710 1237 1471 1477 1973 651 707 1011 918 260 295 380 448 280 8 297 237 215 303 292 252 0 245 312 377 341 254 323 390 378 491 315 302 419 420 90 52 48 74 121 82 17 50 25 1654 1072 1350 1194 1945 531 709 681 776 287 226 337 322 323 9 358 226 222 233 330 212 0 195 238 268 366 259 267 305 392 328 185 230 305 263 71 91 77 39 98 38 131 14 88 1701 1236 923 924 1536 697 697 554 779 230 275 217 379 398 10 385 290 347 367 445 218 229 162 259 372 386 312 228 333 471 315 179 181 396 537 112 60 57 74 164 62 66 163 93 1103 1417 1100 849 1624 708 509 637 902 221 267 218 248 371 11 348 495 343 485 699 300 231 160 286 307 360 380 427 425 715 368 278 199 691 724 107 93 60 116 117 168 159 143 276 913 1556 935 1250 1483 1057 611 926 984 160 216 358 238 494 12 300 516 695 689 1038 239 369 175 370 496 337 506 857 690 1056 387 316 264 666 1015 96 157 75 128 203 195 272 293 444 1084 1488 1262 1232 2050 1135 1123 1009 1228 205 176 388 343 463 Sum 5857 4001 4552 5954 7870 4497 2446 3202 3880 5431 6082 4361 5284 6775 8313 6449 3367 3298 5613 7457 1624 1054 881 1243 2316 1292 1536 1953 2738 17982 15622 16794 15548 20174 9928 10020 11093 12453 3121 2814 3506 4272 4249

Bosnia and Herzegovina - Monthly hydro generation 2006/2007/2008/2009/2010

1200 1000 800 600 400 200 0 1 2 3 4 2006 5 2007 6 2008 7 2009 8 2010 9 10 11 12 700 600 500

Bulgaria - Monthly hydro generation 2006/2007/2008/2009/2010

GWh

GWh

400 300 200 100 0 1 2 3 4 2006 5 2007 6 2008 7 2009 8 2010 9 10 11 12

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Croatia - Monthly hydro generation 2006/2007/2008/2009/2010

1200 1000 800 1200 1000 800

Issue No: 2011-IV/2 - issue covers period 16.4.2011-30.4.2011 Issue No: 2007-III/1

Greece - Monthly hydro generation 2006/2007/2008/2009/2010

GWh

GWh

600 400 200 0 1 2 3 4 2006 5 2007 6 2008 7 2009 8 2010 9 10 11 12

600 400 200 0 1 2 3 4

2006

5

2007

6

2008

7

2009

8

2010

9

10

11

12

Macedonia - Monthly hydro generation 2006/2007/2008/2009/2010

300 250 200

500 450 400 350

Montenegro - Monthly hydro generation 2006/2007/2008/2009/2010

GWh

150 100 50 0 1 2 3 4

2006

GWh

5

2007

300 250 200 150 100 50 0

6

2008

7

2009

8

2010

9

10

11

12

1

2

3

4 2007

5 2008

6 2009

7 2010

8

9

10

11

12

Romania - Monthly hydro generation 2006/2007/2008/2009/2010

2500 2000 1500 1000 500 0 1 2 3 4

2006 1400 1200 1000

Serbia - Monthly hydro generation 2006/2007/2008/2009/2010

GWh

GWh

800 600 400 200 0

5

2007

6

2008

7

2009

8

2010

9

10

11

12

1

2

3

4 2007

5 2008

6 2009

7 2010

8

9

10

11

12

Slovenia - Monthly hydro generation 2006/2007/2008/2009/2010

600 500 400

GWh

300 200 100 0 1 2 3 4 2006 5 2007 6 2008 7 2009 8 2010 9 10 11 12

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Issue No: 2011-IV/2 - issue covers period 16.4.2011-30.4.2011 Issue No: 2007-III/1

Renewable electricity generation (In GWh)

Year 2006 2007 Croatia 2008 2009 2010 2006 2007 Greece 2008 2009 2010 Romania Bulgaria 2010 2010 1 2 3 4 5 6 112 140 144 215 267 4 17 2 1 4 4 5 11 93 127 135 204 228 6 31 3 1 5 4 5 11 106 154 193 195 217 7 33 4 1 2 5 3 14 92 92 163 154 214 6 17 5 1 3 3 3 12 94 88 96 138 134 7 15 6 1 1 2 4 10 81 80 131 143 145 14 17 7 1 2 3 2 13 175 149 146 170 168 12 24 8 2 3 2 3 11 81 119 194 227 179 31 24 9 3 4 4 4 13 111 123 123 192 182 57 32 10 4 4 3 5 19 130 130 178 198 216 76 35 11 3 5 4 5 15 108 150 145 185 265 82 35 12 4 3 6 8 0 110 159 230 259 288 100 51 Sum 24 39 44 52 135 1293 1511 1878 2280 2503 402 331

Croatia - Monthly renewable generation 2006/2007/2008/2009/2010

20 18 16 14 12 10 8 6 4 2 0 1 2 3 4

2006

Greece - Monthly renewable generation2006/2007/2008/2009/2010

300 250 200

GWh

GWh

150 100 50 0

5

2007

6

2008

7

2009

8

2010

9

10

11

12

1

2

3

4

2006

5

2007

6

2008

7

2009

8

2010

9

10

11

12

Nuclear electricity generation (In GWh)

Year 2006 2007 Bulgaria 2008 2009 2010 2006 2007 Romania 2008 2009 2010 2006 2007 Slovenia 2008 2009 2010 1 2178 1405 1524 1430 1248 486 489 962 973 921 483 518 516 518 505 2 1967 1271 1336 1297 1273 440 442 865 879 857 448 469 483 467 468 3 1937 1409 1432 1432 1394 487 488 968 974 906 479 517 515 516 517 4 1677 1369 1364 972 1202 372 474 852 912 905 107 487 500 0 499 5 1389 1319 1334 819 716 489 478 618 570 584 253 500 514 448 515 6 1266 977 814 1165 1084 471 463 445 890 898 493 482 407 497 494 7 1207 687 979 1312 1416 479 473 885 944 840 491 497 508 510 499 8 1272 1013 1135 1377 1399 479 502 942 945 944 505 495 507 501 507 9 1343 671 677 918 1029 124 639 926 895 934 495 491 493 493 474 10 1313 727 1332 715 720 413 766 973 967 977 513 80 511 512 0 11 1411 1336 1392 1383 1259 475 870 920 942 945 496 369 500 500 381 12 1997 1429 1440 1436 1441 489 969 973 919 975 518 516 516 496 518 Sum 18957 13613 14759 14256 14181 5204 7053 10329 10810 10686 5281 5421 5970 5458 5377

Bulgaria - Monthly nuclear generation 2006/2007/2008/2009/2010

1000

Romania - Monthly nuclear generation 2006/2007/2008/2009/2010

2000 1500

800 600 400 200 0

GWh

1000 500 0 1 2 3 4

2006

GWh

5

2007

6

2008

7

2009

8

2010

9

10

11

12

1

2

3

4

2006

5

2007

6

2008

7

2009

8

2010

9

10

11

12

Balkan Energy NEWS - FREE SAMPLE 2011!

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Balkan Energy NEWS, e-journal

Issue No: 2011-IV/2 - issue covers period 16.4.2011-30.4.2011 Issue No: 2007-III/1

Slovenia - Monthly nuclear generation 2006/2007/2008/2009/2010

500 400

GWh

300 200 100 0 1 2 3 4

2006

5

2007

6

2008

7

2009

8

2010

9

10

11

12

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

Year 2006 2007 Bosnia and Herzegovina 2008 2009 2010 2006 2007 Bulgaria 2008 2009 2010 2006 2007 Croatia 2008 2009 2010 2006 2007 Greece 2008 2009 2010 2006 2007 Macedonia 2008 2009 2010 2007 Montenegro 2008 2009 2010 2006 2007 Romania 2008 2009 2010 2007 Serbia 2008 2009 2010 2006 2007 Slovenia 2008 2009 2010 1 1465 987 1185 1392 1657 4848 3405 4085 4078 3876 1274 1056 1073 1300 1347 4695 4557 4759 4452 4482 717 692 681 661 676 135 310 458 509 5369 5034 5679 5132 4988 3712 4021 4197 3989 1098 1162 1183 1240 1273 2 1171 948 1118 1392 1504 4363 3139 3362 3545 3631 1065 818 975 1154 1249 4059 4048 4165 3981 3770 597 590 576 554 637 306 292 476 393 5040 4791 5385 4654 4474 3222 3580 3621 3686 1016 1063 1098 1167 1088 3 1255 1091 1137 1386 1609 4290 3317 3453 3529 3592 1089 1035 1000 1112 1338 4167 4092 3699 3975 3806 636 589 584 627 568 293 290 335 439 5259 5036 5297 4835 4721 3422 3676 3915 3841 1139 1239 1138 1235 1287 4 1200 832 1032 1107 1251 3491 3017 3276 2805 2900 992 857 950 1121 1162 3549 3753 3769 3598 3285 521 512 501 478 547 210 210 271 360 4472 4065 4801 4073 4167 3038 3210 2908 3439 800 1116 1216 859 1137 5 1059 786 1000 1061 1409 3211 2828 3143 2598 2699 959 803 838 862 1034 4140 4133 4053 3817 3556 471 390 380 443 593 124 103 169 319 4476 4282 4716 4091 4122 3007 2939 3002 3217 1080 989 1219 1266 1284 6 896 796 1064 1135 1074 3341 3063 3007 2777 2973 767 761 963 772 930 4157 4414 4559 4014 3739 428 292 339 402 592 35 194 97 294 4306 4387 4554 4031 4236 2987 2516 3165 2982 1240 985 1254 1314 1227 7 1061 893 1078 1099 903 3081 2855 3191 3113 3336 918 873 932 877 940 4557 5308 5350 4749 4723 512 421 392 387 543 61 145 74 214 4434 4692 4903 4286 4615 2775 3038 3283 3113 1175 1237 1294 1372 1114 8 1036 960 1025 994 847 3251 2891 3168 2914 3369 785 865 885 880 830 4715 4737 4821 4471 4805 449 408 394 481 461 82 148 51 145 4538 4216 4796 4145 4729 2683 2862 3013 2987 1112 1128 1176 1090 1169 9 971 975 959 895 934 3348 2789 3008 2869 3225 681 800 867 835 846 3974 4120 4272 3987 3751 401 396 426 479 398 75 263 15 199 4367 4294 4604 4011 4572 2699 2962 2977 3029 1076 1146 1112 1147 1254 10 1038 1058 1098 1126 1167 3185 3281 3280 3130 3521 875 1061 825 962 938 3943 4207 4143 4102 3903 557 507 499 558 464 173 131 164 230 4706 4867 4965 4443 5227 3364 3265 3436 3469 1160 777 1163 1235 855 11 1084 1214 1143 1096 1365 3492 3605 3728 3579 3635 924 1061 887 946 1120 4040 4342 3968 4006 3727 589 579 536 576 485 261 273 144 362 5130 5259 4968 4626 5005 3785 3476 3628 3301 1119 1032 1206 1220 1308 12 1073 1243 1381 1308 1834 4033 3991 3854 3606 4270 1041 1074 1223 1203 1517 4399 4744 4335 4358 4333 686 694 555 606 634 306 332 320 541 5325 5444 5091 4932 5690 4203 3858 3975 3908 1114 1177 1255 1281 1424 Sum 13309 11783 13220 13991 15554 43934 38181 40555 38543 41027 11370 11064 11418 12024 13251 50395 52455 51893 49510 47880 6564 6070 5863 6252 6598 2061 2691 2574 4005 57422 56367 59759 53259 56546 38897 39403 41120 40961 13129 13051 14314 14426 14420

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Bosnia and Herzegovina - Monthly electricity generation 2006/2007/2008/2009/2010

2000 1800 1600 1400 1200 1000 800 600 400 200 0 1 2 3 4

2006

Issue No: 2011-IV/2 - issue covers period 16.4.2011-30.4.2011 Issue No: 2007-III/1

Bulgaria - Monthly electricity generation 2006/2007/2008/2009/2010

5000 4500 4000 3500 3000 2500 2000 1500 1000 500 0

5

2007

GWh

GWh

6

2008

7

2009

8

2010

9

10

11

12

1

2

3

4

2006

5

2007

6

2008

7

2009

8

2010

9

10

11

12

Croatia - Monthly electricity generation 2006/2007/2008/2009/2010

1600 1400

5000 6000

Greece - Monthly electricity generation 2006/2007/2008/2009/2010

1200 1000

4000

GWh

800 600

GWh

1 2 3 4

2006

3000 2000

400 200 0 5

2007 1000 0

6

2008

7

2009 2010

8

9

10

11

12

1

2

3

4 2006

5 2007

6 2008

7 2009

8 2010

9

10

11

12

Macedonia - Monthly electricity generation 2006/2007/2008/2009/2010

800 700 600 500

550 500 450 400 350 300 250 200 150 100 50 0

Montenegro - Monthly electricity generation 2006/2007/2008/2009/2010

GWh

400 300 200 100 0 1 2 3 4

2006

GWh

5

2007

6

2008

7

2009

8

2010

9

10

11

12

1

2

3

4

5

2007 2008

6

2009

7

2010

8

9

10

11

12

Romania - Monthly electricity generation 2006/2007/2008/2009/2010

6000 5000 4000

Serbia - Monthly electricity generation 2006/2007/2008/2009/2010

4500 4000 3500 3000 2500 2000 1500 1000 500 0 1 2 3 4 5

2007

GWh

3000 2000 1000 0 1 2 3 4 2006 5 2007 6 2008 7 2009 8 2010 9 10 11 12

GWh

6

2008 2009

7

2010

8

9

10

11

12

Slovenia - Monthly electricity generation 2006/2007/2008/2009/2010

1600 1400 1200 1000

GWh

800 600 400 200 0 1 2 3 4

2006

5

2007

6

2008

7

2009

8

2010

9

10

11

12

Balkan Energy NEWS - FREE SAMPLE 2011!

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Balkan Energy NEWS, e-journal

Issue No: 2011-IV/2 - issue covers period 16.4.2011-30.4.2011 Issue No: 2007-III/1

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

Year 2006 2007 Albania 2008 2009 2010 2006 2007 Bosnia and Herzegovina 2008 2009 2010 2006 2007 Bulgaria 2008 2009 2010 2006 2007 Croatia 2008 2009 2010 2006 2007 Greece 2008 2009 2010 2006 2007 Macedonia 2008 2009 2010 2007 Montenegro 2008 2009 2010 2006 2007 Romania 2008 2009 2010 2007 Serbia 2008 2009 2010 2006 2007 Slovenia 2008 2009 2010 1 -133 -235 -238 -250 87 343 -40 91 293 583 801 132 107 369 316 -443 -526 -621 -415 -349 -192 -164 -259 -283 -193 -226 -138 -252 -201 -121 -291 -151 62 138 506 295 504 384 95 -238 -223 -179 -393 -119 -24 33 178 190 2 -55 -231 -177 38 71 196 57 120 460 525 812 113 -4 387 494 -439 -608 -580 -380 -308 -304 -289 -470 -310 -340 -224 -142 -219 -193 -78 -106 -133 51 41 500 369 580 376 -17 -208 -175 -196 -180 -77 -5 23 223 97 3 -58 -253 -249 -161 197 254 138 125 423 593 798 197 428 333 487 -508 -461 -576 -453 -249 -226 -487 -671 -477 -521 -161 -188 -177 -131 -132 -108 -118 -32 82 466 369 496 362 -20 -107 -39 12 -65 -38 70 22 257 233 4 138 -51 -13 156 271 344 -18 121 291 341 719 397 585 111 386 -313 -435 -462 -208 -213 -310 -360 -436 -325 -635 -109 -152 -186 12 -21 -137 -135 4 54 306 -30 384 248 25 124 68 -9 230 -208 69 180 31 196 5 107 -167 -138 37 190 198 -84 92 231 510 487 319 587 254 353 -330 -537 -524 -480 -318 -190 -294 -455 -423 -629 -125 -193 -255 -80 29 -230 -223 -103 148 278 -16 292 161 -9 261 68 237 227 12 -126 185 392 287 6 9 -179 -191 -117 78 51 -47 180 322 197 690 596 514 434 916 -536 -492 -435 -545 -420 -454 -564 -547 -703 -831 -135 -296 -272 -88 46 -316 -137 -171 41 243 130 248 118 157 339 142 449 138 144 -124 222 426 237 7 -103 -186 -124 -135 -174 200 5 150 238 -26 618 455 554 590 1141 -529 -507 -606 -622 -606 -505 -631 -574 -751 -619 -66 -213 -268 -156 -48 -328 -232 -226 -145 228 144 368 159 375 66 190 459 218 54 116 236 435 75 8 -74 -233 -195 -219 -236 168 85 85 115 -96 725 501 515 441 1031 -585 -587 -598 -599 -631 -514 -518 -614 -368 -645 -134 -217 -264 -51 -153 -303 -241 -254 -192 305 -142 298 166 401 -43 28 246 188 90 53 176 189 207 9 -60 -220 -205 -215 -174 123 111 123 48 22 593 513 450 524 738 -420 -553 -551 -517 -513 -376 -375 -424 -231 -496 -168 -197 -236 -50 -167 -274 -104 -263 -175 248 108 212 115 457 -110 -35 206 232 -21 46 73 208 270 10 -98 -263 -186 -228 87 123 73 123 187 138 482 459 484 469 462 -466 -420 -623 -473 -512 -299 -278 -247 -104 -242 -85 -203 -175 -77 -241 -213 -231 -124 -94 279 205 326 120 544 -101 -60 -25 -123 18 -377 55 248 -209 11 -68 -250 -224 -103 147 113 198 148 135 365 399 433 663 735 873 -532 -539 -585 -542 -343 -419 -177 -447 -205 -346 -162 -265 -174 -118 -253 -167 -105 -58 20 434 332 339 137 393 -122 -191 -107 -305 -39 -126 143 214 260 12 -189 -262 -219 -64 186 -5 123 292 254 678 613 348 461 323 903 -571 -678 -417 -459 -201 -426 -229 -467 -200 -225 -201 -279 -239 -191 -274 -177 -84 -29 132 456 322 386 127 515 -136 -335 -233 -490 -45 2 246 259 290 Sum -584 -2530 -2159 -1261 730 2108 601 1650 2997 3830 7737 4463 5344 4970 8100 -5672 -6343 -6578 -5693 -4663 -4215 -4366 -5611 -4380 -5722 -1796 -2483 -2717 -1324 -1413 -2650 -1894 -1143 50 4249 2086 4433 2473 2916 -275 -562 860 -323 -229 -426 1594 3060 2133

Albania - Monthly exchanges 2006/2007/2008/2009/2010

300 200 100 GWh 0 1 -100 -200 -300

2006 2007 2008 2009 2010

Bosnia and Herzegovina - Monthly exchanges 2006/2007/2008/2009/2010

700 600 500 400 GWh 300 200 100 0 -100 -200

2006 2007 2008 2009 2010

2

3

4

5

6

7

8

9

10

11

12

1

2

3

4

5

6

7

8

9

10

11

12

Balkan Energy NEWS - FREE SAMPLE 2011!

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Balkan Energy NEWS, e-journal

Bulgaria - Monthly exchanges 2006/2007/2008 /2009/2010

1200 1000 800

0 1 -100 -200 2

Issue No: 2011-IV/2 - issue covers period 16.4.2011-30.4.2011 Issue No: 2007-III/1

Croatia - Monthly exchanges 2006/2007/2008/2009/2010

3 4 5 6 7 8 9 10 11 12

GWh

-300

GWh

1 2 3 4

2006

600 400 200 0 5

2007

-400 -500 -600 -700

6

2008 2009

7

2010

8

9

10

11

12

-800 2006 2007 2008 2009 2010

Greece - Monthly exchanges 2007/20072008/2009/2010

0 -100 -200 -300 1 2 3 4 5 6 7 8 9 10 11 12

Macedonia - Monthly exchanges 2006/2007/2008/2009/2010

100 50 0 -50 GWh -100 -150 -200 -250 -300 -350 1 2 3 4 5 6 7 8 9 10 11 12

GWh

-400 -500 -600 -700 -800 -900

2006

2007

2008

2009

2010

2006

2007

2008

2009

2010

Montenegro - Monthly exchanges 2007/2008/2009/2010

200 100 0 -100 -200 -300

Romania - Monthly exchanges 2006/2007/2008/2009/2010

600 500 400

GWh

GWh

1

2

3

4

5

6

7

8

9

10

11

12

300 200 100 0 -100 1 2 3 4 5 6 7 8 9 10 11 12

-400 2007 2008 2009 2010

-200

2006 2007 2008 2009 2010

Serbia - Monthly exchanges 2007/2008/2009/2010

500 400 300 200

500 400 300 200

Slovenia - Monthly exchanges 2006/2007/2008 /2009/2010

GWh

100 0 -100 -200 -300 -400 -500 2007 2008 2009 2010 1 2 3 4 5 6 7 8 9 10 11 12

GWh

100 0 -100 -200 -300 -400 2006 2007 2008 2009 2010 1 2 3 4 5 6 7 8 9 10 11 12

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Balkan Energy NEWS, e-journal

Issue No: 2011-IV/2 - issue covers period 16.4.2011-30.4.2011 Issue No: 2007-III/1

Annual comparation (year-to-previous year, in %)

Electricity 2007 Bosnia and Herzegovina 2008 2009 2010 2007 Bulgaria 2008 2009 2010 2007 Croatia 2008 2009 2010 2007 Greece 2008 2009 2010 2007 Macedonia 2008 2009 2010 2008 Montenegro 2009 2010 2007 Romania 2008 2009 2010 2008 Serbia 2009 2010 2007 Slovenia 2008 2009 2010 -0.17 3.47 -4.98 6.62 -7.12 3.95 -5.16 -2.36 1.84 3.89 -1.88 1.54 3.15 1.09 -4.98 0.11 2.31 0.32 -11.70 5.74 -2.67 -18.93 6.40 2.10 1.99 -8.28 5.39 1.95 0.60 2.09 0.89 -5.62 -10.64 8.10 -2.60 -20.67 26.05 76.67 -11.35 5.42 6.89 14.47 35.06 20.00 15.01 30.17 -33.91 31.82 -33.00 83.93 6.77 -67.78 -90.41 Pump Hydro -31.69 13.77 30.80 32.18 -45.61 30.91 21.17 39.97 -28.30 21.16 28.22 22.70 -47.79 -2.05 70.19 32.85 -35.10 -16.41 41.09 86.32 18.89 27.15 40.19 -13.12 7.50 -7.42 29.75 0.93 10.71 12.26 -9.84 24.59 21.85 -0.54 Thermal 4.43 11.39 -7.28 -4.39 8.02 2.13 -9.68 3.32 26.60 -8.61 -14.78 -7.50 11.54 -1.81 -10.92 -8.88 1.54 -0.68 0.54 -14.51 50.98 -46.23 104.03 -1.59 -3.13 -17.57 -6.01 1.43 2.19 -5.06 1.88 0.46 -2.94 2.09 2.65 10.13 -8.58 -1.48 35.53 46.45 4.66 -1.15 -28.19 8.42 -3.41 -0.53 62.50 12.82 18.18 159.62 16.86 24.29 21.41 9.78 Nuclear Renewable Overall -11.47 12.20 5.83 11.17 -13.09 6.22 -4.96 6.44 -2.69 3.20 5.31 10.20 4.09 -1.07 -4.59 -3.29 -7.53 -3.41 6.63 5.53 30.57 -4.35 55.59 -1.84 6.02 -10.88 6.17 1.30 4.36 -0.39 -0.59 9.68 0.78 -0.04 Electricity export -71.49 174.54 81.64 27.79 -42.32 19.74 -7.00 62.98 -11.83 -3.70 13.45 18.09 -3.58 -28.52 21.94 -30.64 -38.25 -9.42 51.27 -6.72 28.53 39.65 104.37 -50.91 112.51 -44.21 17.91 -104.36 253.02 -137.56 -86.03 474.18 91.97 -30.29

consumption consumption generation generation generation generation generation

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Issue No: 2011-IV/2 - issue covers period 16.4.2011-30.4.2011 Issue No: 2007-III/1

Analysis:

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

Border+Direction

June 2010 400 250 400 600 400 400 200 200 100 0 350 200 800 350 400 400 600 350 400 400 800 90 100 100 100 100 300 500 350 550 July 2010 550 400 350 450 450 400 150 200 100 0 350 200 850 350 400 350 450 350 400 550 850 120 0 100 100 100 350 600 400 600 August September October November December January February 2010 400 350 450 720 350 400 200 200 200 0 300 200 850 300 400 450 720 350 400 400 850 120 0 200 300 100 300 450 600 600 2010 400 350 300 720 400 350 280 280 450 0 300 300 700 300 400 280 720 350 300 400 700 80 0 450 250 50 450 600 500 600 2010 450 300 430 750 400 350 200 220 450 0 250 250 500 250 400 430 750 350 350 450 500 100 0 450 600 50 330 600 450 600 2010 450 300 370 750 450 350 250 250 500 150 300 250 550 300 400 370 750 350 350 450 550 100 0 500 400 50 380 550 400 600 2010 450 300 350 800 500 400 350 300 500 150 450 200 500 300 400 350 800 350 400 450 500 160 500 300 650 600 250 600 2011 450 400 350 650 450 400 350 300 450 150 500 300 500 300 1000 350 650 900 400 450 500 200 450 360 550 700 500 600 2011 440 400 350 650 450 450 350 300 500 150 500 300 500 300 1000 350 650 900 450 440 500 220 500 350 600 700 550 600 March 2011 440 350 350 650 450 550 350 300 500 150 500 300 500 300 1000 350 650 900 450 440 500 260 500 350 630 700 400 600 April 2011 440 400 500 650 450 550 300 300 500 150 350 300 500 400 1000 400 650 900 450 440 500 90 500 350 630 700 630 600 May 2011 440 400 350 650 450 450 200 260 330 150 470 330 270 500 1000 350 650 900 450 440 270 300 330 350 500 700 680 600

NOS BIH - Bosnia & Herzegovina

IMPORT EXPORT IMPORT EXPORT MPORT EXPORT

Croatia > BIH Montenegro > BIH Serbia > BIH BIH > Croatia BIH > Montenegro BIH > Serbia Serbia > Bulgaria Romania > Bulgaria Greeece > Bulgaria Macedonia > Bulgaria Bulgaria > Serbia Bulgaria > Romania Bulgaria > Greece Bulgaria > Macedonia

ESO EAD - Bulgaria

OPS HEP - Croatia

Slovenia > Croatia Serbia > Croatia BIH > Croatia Croatia > Slovenia Croatia > Serbia Croatia > BIH Bulgaria > Greece Macedonia > Greece Albania > Greece Greece > Bulgaria Greece > Macedonia Greece > Albania Romania > Hungary Serbia > Hungary Hungary > Romania Hungary > Serbia

HTSO - Greece

IMPORT

EXPORT IMPORT

MAVIR - Hungary

MEPSO - Macedonia

IMPORT

EXPORT

Serbia > Macedonia Greece > Macedonia Bulgaria > Macedonia Macedonia > Serbia Macedonia > Greece Macedonia > Bulgaria Albania > Montenegro BIH > Montenegro Serbia > Montenegro Montenegro > Albania Montenegro > BIH Montenegro > Serbia

500 100 350 200 90 0 200 400 500 150 250 270

500 100 350 200 120 0 200 450 420 200 400 350

550 300 300 200 120 0 200 350 500 200 350 350

470 250 300 180 80 0 200 400 430 200 350 430

500 600 250 200 100 0 200 400 460 200 300 450

500 400 300 200 100 150 200 450 450 200 300 450

500 300 300 240 160 150 200 500 500 100 300 500

580 360 300 250 200 150 200 450 600 200 400 500

500 350 300 250 220 150 200 450 500 200 400 500

520 350 300 250 260 150 200 450 470 200 350 450

0 350 400 0 90 150 200 450 450 200 400 500

400 350 500 200 300 150 200 450 400 200 400 410

TSO EPCG - Montenegro

IMPORT EXPORT

EXPORT

Balkan Energy NEWS - FREE SAMPLE 2011!

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Balkan Energy NEWS, e-journal June 2010 200 250 350 120 200 470 300 50 550 470 400 200 170 270 400 400 500 250 200 500 170 500 400 400 700 900 110 800 900 290 July 2010 200 250 400 150 200 600 350 50 600 600 400 200 210 350 400 400 600 250 150 500 210 420 350 350 700 900 110 800 900 290

Issue No: 2011-IV/2 - issue covers period 16.4.2011-30.4.2011 Issue No: 2007-III/1 August September October November December January February 2010 200 300 600 200 200 500 300 50 600 500 550 200 210 350 400 400 450 300 200 550 210 500 450 450 700 900 120 800 900 100 2010 300 250 500 80 280 450 450 40 600 450 380 180 210 430 350 300 600 250 280 470 190 430 300 280 700 900 120 800 900 290 2010 250 270 450 100 220 600 330 40 600 600 350 200 180 450 350 350 600 270 200 500 150 460 430 430 700 900 150 800 900 380 2010 250 250 400 100 250 650 380 50 600 650 400 200 210 450 350 350 550 250 250 500 190 450 370 370 700 900 150 800 900 380 2010 200 230 250 75 300 650 480 50 600 650 450 240 210 500 400 400 600 230 350 500 210 500 350 350 700 900 150 800 900 380 2011 300 300 500 100 300 550 450 100 600 550 500 250 210 500 400 400 700 300 350 580 210 600 350 350 900 900 180 1000 900 450 2011 300 350 550 170 300 600 480 100 600 600 500 250 210 500 450 450 700 350 350 500 210 500 350 350 900 900 180 1000 900 580 March 2011 300 300 400 150 300 630 400 100 600 630 500 250 210 450 550 450 700 300 350 520 190 470 350 350 900 900 180 1000 900 580 April 2011 300 390 630 100 300 630 430 50 600 630 350 0 210 500 550 450 700 390 300 0 210 450 500 400 900 900 180 1000 900 450 May 2011 330 220 680 150 260 500 350 50 600 500 470 200 210 410 450 450 700 220 200 400 190 400 350 350 900 900 145 1000 900 480

Border+Direction

Transelectrica - Romania

Bulgaria > Romania

IMPORT EXPORT IMPORT EXPORT MPORT EXPORT

Serbia > Romania Hungary > Romania Ucraine > Romania Romania > Bulgaria Romania > Serbia Romania > Hungary Romania > Ucraine

EMS - Serbia

Hungary > Serbia Romania > Serbia Bulgaria > Serbia Macedonia > Serbia Albania > Serbia Montenegro > Serbia BiH > Serbia Croatia > Serbia Serbia > Hungary Serbia > Romania Serbia > Bulgaria Serbia > Macedonia Serbia > Albania Serbia > Montenegro Serbia > BiH Serbia > Croatia

ELES - Slovenia

Croatia > Slovenia Austria > Slovenia Italy > Slovenia Slovenia > Croatia Slovenia > Austria Slovenia > Italy

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News:

Deputy PM: Albania to become exporter of electricity (Albania) Albanian Deputy Prime Minister, Mr. Edmond Haxhinasto declared during an international forum on the development of the energy sector held in Tirana, that the vision of the Albanian government is to turn the country into an exporter of energy. The Deputy Premier declared that the energy sector is very important for Albanian economic development and that a bigger cooperation between the Albanian government and foreign donors is needed. § § §

CEZ: Electricity debt over 300 million EUR (Albania) Albanian customers connected to distribution grid owe around 300 million EUR for electricity bill, where around 15% of debt is made by public institutions. "We are doing our best to claim the debt, starting from disconnections from the grid and lawsuits. But beside these measures collection rate is still low", Mr. Ales Konrad, sales director in CEZ Albania said. He also added that small collection rate affects direct investments to distribution grid. Mr. Konrad said that electricity debt started to grow in 2007, when distribution company was divided from KESH. § § § Albpetrol to sell 30 000 tons of crude oil (Albania) 78% output rise in privately owned small HPPs (Albania) The output of privately owned small Hydro Power Plants (HPPs) in Albania increased by 78% in 2010, comparing to 2009, according to energy regulator report. The output increase was almost two times higher than the 44% annual growth registered in 2009 but still represents only 2% of the country energy output. Currently, 51 small HPPs operate in Albania, which are owned by 19 different companies. In May 2010, the government signed concession contracts for construction of 264 new small HPPs, with overall investment of over 28 million EUR. § § § On 25th of April, Albanian oil company Albpetrol held an auction for sale of 30 000 tons of crude oil. "According to the required procedures, we published this information in the internet. We made an official declaration for many companies, and today, according to the defined terms, two companies presented themselves: Tea Construction Petrol and New Petrol," said Pajtim Sulaj, the head of the Offers Evaluation Commission. New Petrol Company offered 15 USD for one barrel, at a time when Tea Construction Petrol offered only one USD for barrel. This made the offer nearly 3 million USD higher than the first price declared by Albpetrol. § § §

KESH selected winners in the tender for electricity import (Albania) Albanian state-owned power utility KESH announced winners of the tender for purchase of 62.4 GWh of electricity in April 2011. KESH said it bought 64.2GWh of electricity for 3.4 million EUR, in two tenders held in April 2011 to meet the rising domestic demand. KESH purchased the energy from Slovenian GEN-I, CEZ Trade Albania, a subsidiary of Czech power group CEZ, Serbian Rudnap and Albanian GSA. § § §

Contract for construction of CHPP Zenica signed (Bosnia and Herzegovina) On April 20 in Zenica, the contract for construction of combined heat and power plant (CHPP) Zenica was signed. The signatories were the head of Zenica municipality Husejin Smajlovic, president of KTG AG Lugano Branko Montenegro, vice president of KTG AG Lugano Mose Franco, director of German company Ferrostaal AG Howard Barnes, director of Austrian Christof Group, Johan Christof and director of KTG Zenica (joint venture of KGT AG and municipality of Zenica) Haris Masic. The signing ceremony was attended by ambassador of Austria to Bosnia and Herzegovina (BiH) Donatus Kek and minister of energy, mining and industry of Federation of BiH Erdal Trhulj. During the occasion, it was announced that project would be started by the end of October, while CHPP Zenica should be built by mid 2014.

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The power plant will be built by consortium FerrostaalChristof under turnkey contract. The plant will be built in several phases. The cost of the project is estimated at 250 million euros. The CHPP will have electricity output of 240 MW and heat output of 170 MW. Mose Franco said that the plant would have two natural gas turbines and one steam turbine. According to plans, the electricity from new plant will be delivered to domestic and foreign customers, while the heat will be delivered to the customers in Zenica municipality. Mayor of Zenica, Husejin Smajlovic, believes that project in Zenica will be one of the largest investments in BiH, which will improve quality of life in the city and in the region. The municipality will own 25 % stake in the project. The project in Zenica was initiated by signing the Memorandum of understanding by KTG AG Lugano and municipality of Zenica in March 2009. In June 2009, KTG AG Lugano and the municipality of Zenica established a joint venture company KTG Zenica for the purpose of the project. KTG AG Lugano owns 75 % of the stake in the project, while municipality, which was obliged to provide land and necessary permits, owns the rest. In March 2010, after initially being opposed to the project, the government of Federation of BiH decided to support it, but without providing guarantees for long-term electricity purchase contracts. In May 2010, KTG Zenica and state-owned natural gas company BH Gas signed the Memorandum of understanding for providing 350 million cbm of natural gas per year for new power plant. § § §

in northern part of RS stand at 56 million barrels, while overall investments should reach 229 million dollars until 2029. According to the government of RS, overall hydrocarbons production should reach 8.94 million toe until 2038, while overall income of the concessions should reach 4.77 billion dollars. § § §

TPP Kakanj exceeded production target in Q1 (Bosnia and Herzegovina) Power utility of Bosnia and Herzegovina (EP BiH) said that thermal power plant (TPP) Kakanj (450 MW) has produced 632.2 GWh of electricity in the first quarter of 2011. The result was 16.2 % higher than planned thanks to high availability and operation of all units at full power, EP BiH said. EP BiH reminded that TPP Kakanj is facing two important projects: completion of annual overhaul of unit 5 (110 MW) and capital renewal of unit 6 (110 MW). Both project were going as planned, the company said. § § §

Government offers 51 % stake to strategic partner in HES Gornja Drina (Bosnia and Herzegovina) In the second half of April, the government of Republic of Srpska (RS) has reached a Decision on terms, criteria and ways for selection of strategic partner for the Hydropower complex (HES) Gornja Drina. Minister of industry, energy and mining of RS, Zeljko Kovacevic, confirmed that future strategic partner would be offered 51 % stake in this 500 million euros worth project. The concession will include exploration, funding, designing, construction and operation of hydropower plants (HPP) on upper part of Drina River. According to the decision, HES Gornja Drina will be developed by joint venture company, which should be established by strategic partner, Power utility of RS (ERS) or its subsidiary and, possibly, the third party. The previous tender for strategic partnership was cancelled in 2010, after only Greece's Public Power Corporation (PPC) submitted a bid. HES Gornja Drina will have four HPPs: HPP Buk Bijela (115 MW of power output/370 GWh of annual production), HPP Foca (52 MW/184 GWh), HPP Paunci (37 MW/154 GWh) and HPP Sutjeska (35 MW/90 GWh). 30

Government of RS awarded hydrocarbon concessions to Jadran-Naftagas (Bosnia and Herzegovina) In mid April, government of Republic of Srpska (RS) reached the Decision on establishing the public interest for awarding the concession for exploration and production of oil and natural gas in entire RS to the joint venture company Jadran-Naftagas. The concession includes blocks Motajica, Majevica and Eastern Herzegovina. Jadran-Naftagas was recently established by Oil industry of Serbia (NIS), which is majority owned by Russian Gazprom Neft and by NefteGazInkor, which is subsidiary of Russian Zarubezneft. According to announcements, the production of hydrocarbons in RS should start in 2014. The estimated reserves

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During the occasion, the government reached decision on awarding the concession for construction of small HPP Bocac 2 (12 MW) on Vrbas River to the Hydropower plants on Vrbas, a subsidiary of ERS. The company submitted unsolicited bid for awarding the concession. The worth of this project is estimated at 35 million euros. § § §

According to the Bylaw, the preferential tariffs for solar power plants were set at 19-47 eurocents/kWh, for biomass power plants at 8.8-9.2 eurocents/kWh, for geothermal power plants at 9-9.7 eurocents/kWh, for small hydropower plants at 6.3-7.3 eurocents/kWh and, finally, for wind farms at 7.83 eurocents/kWh. Due to new tariffs, all customers in Federation of BiH will be obliged to pay RES fee. The RES fee for households will be 0.05 eurocents/kWh and it will be separately shown in monthly bill. The other categories of customers will pay the fee of 0.025-0.04 eurocents/kWh. § § §

Turkoil to enter fuel market in July (Bosnia and Herzegovina & Turkey) Turkish oil company Turkoil has leased 10,000 cbm of storage space in Oil terminals of Federation of Bosnia and Herzegovina (BiH) for period of ten years. The terminals are located in Croatian port of Ploce. Turkoil plans to enter fuel market in BiH in July, with main goal of becoming the leading oil supplier in this part of Europe. This was confirmed by Eren Veral, Turkoil's foreign investments coordinator. He also said that the company would be active in both retail and wholesale market in BiH. According to the Veral's statement to Turkish media, Turkoil also plans to open petrol stations in BiH. The company believes that non-presence of global oil companies in BiH would be advantageous for them. Turkoil's main competitors in BiH will be Austrian OMV, Croatian oil industry (INA) and Slovenian Petrol. Turkoil has recognized the growth potential of oil market in BiH. In the last year, overall consumption of oil derivatives reached 2.5 million tons, compared to 1.5 million tons two years ago. According to media in BiH, Turkish company plans to invest some 1.5 billion euros in BiH, which should create 1,000 jobs. Turkoil is the part of Kizil Group, with head office in Istanbul. The Group is involved in trade of oil and oil derivatives, coal and steel. § § §

Government supported construction of HPP Dabar (Bosnia and Herzegovina) On April 19 in Trebinje, the government of Republic of Srpska (RS) has approved the project for construction of hydropower plant (HPP) Dabar. After the government's session, representatives of Power utility of RS (ERS) and its subsidiary Hydropower plants on Trebisnjica (HET) have signed the contract on future cooperation in the project for construction of HPP Dabar. The HPP Dabar will have power output of 159 MW and average annual production of 250 GWh. The cost of the project is estimated at 180 million euros. During the occasion, president of RS Milorad Dodik said that HPP Dabar would significantly contribute to energy stability and it would strengthen position of RS on regional market. According to Dodik, HET will provide 75 % of the funds for the project, while the rest will be provided by ERS. Two companies have already allocated some 20 million euros for the project. Dodik also reminded that HPP Dabar is the part of larger hydropower project Gornji Horizonti. Prime minister of Republic of Srpska, Aleksandar Dzombic believes that government's decision for supporting the Gornji Horizonti project was good. HPP Dabar will be the first out of four HPPs in this complex. The other HPPs will be HPP Nevesinje, HPP Bileca and HPP Dubrovnik 2. PM Dzombic said that HPP Dabar would be built in period of five years, where 1,700 people will be employed during the construction. General manager of ERS Branislava Milekic said that support of the government was the great encouragement and security for continuation of the project. Milekic reminded that ERS has completed significant part of Gornji Horizonti project, including the economic feasibility study. 31

RES fees introduced from May 1 (Bosnia and Herzegovina) Starting from May 1, preferential tariffs for electricity produced by power plants that use renewable energy sources (RES) will be put in force in Federation of Bosnia and Herzegovina (BiH). The new tariffs will be in accordance to the Bylaw on usage of RES and cogeneration, which was recently approved by the government.

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Milekic also said that HPP Dabar would not endanger downstream water systems in Federation of BiH. She believes that project will acquire environmental permits from both entities and that it will boost regional cooperation between ERS, Power utility of Herzeg Bosnia (EP HZHB) and Croatian power utility (HEP). Government of RS has earlier awarded concession contract for construction of HPP Dabar to ERS and HET. ERS has said earlier that preparations works for HPP Dabar should start in the second half of 2011. In addition, ERS has said that some 75 % of the funds for the project should be provided from loans, while 25 % should be provided by ERS and HET. § § §

years. In addition, the grace period will be increased from four to nine years. Minister of industry, energy and mining of RS Zeljko Kovacevic said that the new majority owner of oil companies in RS, Russian NefteGazInkor, demanded abovementioned changes. Minister earlier said that EU and some other countries in the region, as well as Bosnia and Herzegovina, have introduced new fuel standard, euro 5, in 2008. Because of that, the new owner was forced radically to change its reconstruction and modernization programme set in original privatization contract, especially the part related to Brod refinery, minister Kovacevic pointed out. § § §

Agency for statistics: considerable increase in natural gas prices in the second half of 2010 (Bosnia and Herzegovina) Agency of statistics of Bosnia and Herzegovina (BHAS) published that natural gas prices for households (all tax included) in Bosnia and Herzegovina (BiH) reached some 12.4 euros/gigajoule (44.6 euros/MWh) in the second half of 2010, which was 18.5 % higher compared to the first half of 2010. In the same time, average natural gas prices for industrial customers (no VAT) reached 13.2 euros/gigajoule (47.5 euros/MWh), which was 11.2 % higher compared to the first half of 2010. The increase in natural gas prices was due to 25 % increase in import natural gas prices, which took place in April 2010. BHAS also said that average electricity price for households (all taxes included) in the abovementioned period reached 7.4 eurocents/kWh (-0.9 %). In the same time, average electricity prices for industrial customers (no VAT) reached 6.2 eurocents/kWh (-0.9 %). § § §

NefteGazInkor: investments in oil companies in RS to exceed 730 million euros (Bosnia and Herzegovina Russian company NefteGazInkor, the majority owner of Oil refinery in Brod, Motor oil refinery in Modrica and fuel distributor Petrol, said that it continues with planned investments, which should exceed 730 million euros. This was said by the director of NefteGazInkor Yuri Smirnov in an interview to local media. Smirnov also said that upgrade of refining capacity and the improvement of fuel quality would lead to expansion to foreign markets. Smirnov reminded that modernization programme was started in November 2008. He believes that modernization went good in terms of technology, but economic parameters were not satisfactory, in large part due to global economic crisis. In 2010, Brod refinery has processed over 1 million tons of crude oil. The refinery is now able to produce diesel in accordance to Euro 4 and 5 standards, while gasoline standards will be met as soon as possible, Smirnov said. In the second half of 2011, new processing line will be put in service, so that refining capacity should be increased up to 4.2 million tons, which will be in accordance to privatization contract. In June, the refinery will start to produce Euro 5 gasoline. Smirnov also said that, according to foreign experts, Modrica refinery was among three biggest in Europe. In 2015, annual output of the refinery should be increased up to 100,000 tons. Smirnov also believes that Petrol's chain of petrol stations is the best in BiH. All stations should be re-branded by the

Parliament of RS approved the changes on Law on privatization of oil companies (Bosnia and Herzegovina) In the end April, National Assembly of the Republic of Srpska (RS) adopted the Draft law on amendments to the Law on privatization of oil companies in RS. The new law is aimed to extend period of reprogramming of obligations of Oil refinery in Brod, Motor oil refinery in Modrica and fuel distributor Petrol to 12 instead of nine

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end of year. The company also plans to acquire new stations in BiH as well as in neighboring countries. Smirnov said that company has been preparing the construction of oil terminal in Croatia and another terminal near Sarajevo, which should reduce company's costs. Joint venture of NefteGazInkor and Oil industry of Serbia (NIS), Jadran-Naftagas, should start hydrocarbon researches in this year, after finalizing technical details, Smirnov said. Commenting the latest strike in Brod refinery, Smirnov said that only trade unions from Brod refinery refused to sign new Collective workers agreement. In mid April, trade unions from Brod refinery organized strike and accused the management on violating the Collective workers agreement and Work rules signed in 2008. NefteGazInkor purchased majority stake in Oil industry of Republic of Srpska in February 2007. In March 2010, NefteGazInkor merged all of its companies in RS under the brand name Nestro Group. § § §

Regulator: electricity prices to rise by 1 % from July 1 (Bulgaria) Electricity prices should be increased by 1 % in average starting from July 1 and the increase will be mostly the consequence of tariff redistribution (daytime, nighttime and peak tariff ). This was announced by the president of the State Energy and Water Regulatory Commission (SEWRC) Angel Semerdzhiev. During the occasion, Semerdzhiev expressed hope that fuel prices should remain the same, while natural gas prices should remain the same or should be reduced during summer. If natural gas prices were considerably reduced, the heating prices should be reduced too, the head of SEWRC said. He also confirmed that the most of heating companies are in good financial situation. § § §

CEZ to reduce investments due to lower than expected electricity tariffs (Bulgaria) Electricity distributor CEZ Bulgaria said it would reduce planned investments if electricity prices were increased by only 1 % from July 1. The rise in prices was announced by the State Energy and Water Regulatory Commission (SEWRC). Regional manager of CEZ Bulgaria, Peter Dokladal, said that company had ambitious plans of investing some 78 million euros in 2011, but this would be reconsidered in the light of the new prices. CEZ said it should invest funds for maintenance and development of electricity grid, where some parts of the grid are over 30 years old. CEZ Bulgaria asked for 13.2 % increase in prices, based on 4.5 % inflation rate in Bulgaria in 2010. In the same time, some 15 million euros, which is equivalent to 2-3 % increase in electricity prices, should be invested for connection of new renewable energy power plants to the grid, Dokladal said. § § §

ERS produced 1.6 TWh of electricity in Q1 (Bosnia and Herzegovina) Minister of industry, energy and mining of Republic of Srpska (RS) Zeljko Kovacevic said that Power utility of RS (ERS) has produced 1.6 TWh of electricity in the first three months of 2011, which was 8.6 % higher than planned. The production in hydropower plants (HPPs) and thermal power plants (TPPs) was 14.2 % and 4.2 % higher than planned, respectively. Minister said that the results in the first quarter of 2011 were the continuation of excellent results from 2010. Minister reminded that ERS has produced overall amount of 6.2 TWh of electricity in 2010, which was the historic maximum. The amount was 21.2 % higher than planned. In 2010, the profit from core activities of ERS reached 15.1 million euros. Kovacevic said that favorable results in 2010 were the consequence of favorable hydrology and high availability of power plants. In 2010, hydropower plants (HPPs) covered 53.5 % of overall production, which was considerably higher compared to average ratio of 42-46 %. § § §

CEZ switched off TPP Varna due to losses (Bulgaria) The representatives of trade unions said that Czech CEZ, the owner of thermal power plant (TPP) Varna (6x200 MW), has switched off all units in the plant in mid April. This event took place first time ever, the unions said.

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The officials from TPP Varna said that electricity production was terminated due to high losses. Since the beginning of the year, the company posted some 5 million euros loss, where the main reasons were higher coal prices on international market and regulated electricity prices. CEO of TPP Varna Kamen Boshnakov said that three units would remain in cold reserve, where one more unit could be activated in case of need. TPP Varna provides 60 % of cold reserve capacity in the country. CEO explained that TPP met its monthly production quota of 50 GWh contracted with National electric company (NEK). Having in mind potential losses, the contracting of additional quota will be senseless, CEO said. Boshnakov also said that there would be no layoffs. Regional manager of CEZ Bulgaria Peter Dokladal hopes that the energy regulator should set new tariffs for TPP Varna for both regulated and competitive market. In this moment, TPP Varna sells electricity on regulated market at price of 35.8 euros/MWh, where actual costs stand at 46 euros/MWh. According to the approval of European Commission and institutions in Bulgaria, the operational licenses for three units in TPP Varna were extended until 2015, where units were limited at 20,000 hours of operation in period January 1, 2008-December 31, 2015. Until the end of 2010, the three units operated during 9,500 hours, so that each unit will be allowed to operate 700 hours per year until 2015. In the related news, on March 18, at the request of Electric system operator (ESO) one unit in TPP Varna was activated from cold reserve. The other two units, designated for cold reserve, were also available to ESO. § § §

the minister of economy and energy of Bulgaria Traycho Traykov, who invited US company. The presentation also included technologies for decommissioning of the first four units in NPP Kozloduy as well as safety systems, which could be applied on US, Russian and French nuclear reactors. In the beginning of April, minister Traykov announced that Westinghouse was interested in construction of unit 7, decommissioning of old units and extension of operational life of remaining units in NPP Kozloduy. Local media also speculated that Westinghouse could take part in construction of NPP Belene. § § §

BEH published competition for new head of NEK (Bulgaria) In the end of April, Bulgarian energy holding (BEH) published the competition for new CEO of National electric company (NEK). The future head of NEK should have had experience in a senior position in public or private energy company, as well as high legal, technical or economic education. The advantage for the candidate will be knowledge of English language and previous experience in investment projects in energy sector. The deadline for applications was set at May 18. The candidates will also have to present their visions regarding development and priorities of NEK in the context of EU Third energy package and national energy strategy. As recalled, BEH has dismissed former CEO of NEK Krasimir Parvanov in mid April after, according to the BEH, he exceeded his authorities and breached procedures during the recent negotiations related to future of nuclear power plant (NPP) Belene. On April 5, NEK and constructor of NPP Belene, Russian AtomStroyExport (ASE), signed two documents related to the Belene project, i.e. Memorandum of understanding as well as 12th annex to the main agreement. Two documents set the deadlines for reaching the decision on continuation of the project until June 30 and on signing the EPC contract until June 1. At the time, minister of economy and energy Traycho Traykov said that Parvanov signed documents without his approval. Minister decided to dismiss Parvanov saying that signed documents could potentially harm national interests.

Westinghouse interested in nuclear energy projects (Bulgaria) US company Westinghouse is interested in taking the part in any new nuclear energy projects in Bulgaria. This was said by the Westinghouse's vice president for Southern Europe Jose Gutierrez during the visit to Bulgaria on April 26. Gutierrez also said that if Bulgaria launches the tender for construction of seventh unit in nuclear power plant (NPP) Kozloduy, Westinghouse would take part in it. Westinghouse also announced opening of the company's office in Bulgaria. During the visit to Bulgaria, Gutierrez presented new generation of Westinghouse's nuclear reactors, the AP 1000, to

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However, it turned out that Parvanov signed particular documents under supervision of vice prime minister Simeon Djankov. The signing of the documents was also supported by the prime minister Boyko Borisov, who strongly criticized Traykov over his emotional reaction. The scandal even threatened the stability of the government, but the situation was calmed down during following days. However, PM Borisov decided to approve dismissal of Krasimir Parvanov, saying that Traykov and Parvanov could not efficiently cooperate after the scandal. § § §

plofikacia. In mid March, a 19 MW-steam turbine was delivered to the construction site. The worth of this turbine is some 5 million euros. According to original plans, the CHPP should be put in service in November 2011. The electricity output of the plant will be 50 MW, while its heat output will be 54 MW. The cost of the project is estimated at some 51 million euros. § § §

New Renewable energy act disappointment for investors (Bulgaria) In the second half of April, the parliament of Bulgaria has finally approved new Renewable energy law. The law has been under consideration since 2009. According to the first reactions of investors, the new Law will slow down development of new power plants that use renewable energy sources (RES). The investors said that new Law was aimed to close market for new investments. In addition, they believe that the advance payment for new projects is a harsh measure. According to the new Law, preferential prices will be given only to investors which quality for annual quota for RES electricity production. The quota will be set by State Energy and Water Regulatory Commission (SEWRC), but criteria for this remained unclear. RES facilities for personal use, such as roof panels and micro plants, will not be counted in annual RES quota. For each year by the end of the June, SEWRC will set annual limit for connection of new RES power plants. If the quota was exceeded, the connection of new power plants will continue, but they would not be entitled to preferential contracts. The old Law has obliged the state to purchase all electricity produced from RES at preferential prices. Because of that, investors announced to build some 6,000 green energy projects, which is far above current capacity of the electricity grid. The investors will be also obliged to submit guarantees for the project of some 25,000 euros per each MW above 5 MW of installed capacity. For power plants under 5 MW capacity, guarantee is set at 12,500 euros/MW. The advance payments are aimed to introduce balance of responsibilities between investors and operators of the grid, ministry of economy and energy explained. The new Law has set the constant prices during entire term of preferential contracts. The change was aimed to ensure

Unit 5 in NPP Kozloduy switched off for annual overhaul (Bulgaria) On April 24, unit 5 (1,000 MW) in nuclear power plant (NPP) Kozloduy was disconnected from the grid for the purpose of annual overhaul. The disconnection was approved by Electric system operator (ESO). During the overhaul, the unit will be refueled with fresh nuclear fuel. The unit 5 should be back in operation in the beginning of June. The second operational unit, the unit 6, operated at full power in the end of April. On April 26, during the works on primary circuit of unit 5, a part of regular annual overhaul, the increased concentration of radioactive xenon isotopes was detected. The work was immediately stopped, personnel were evacuated and the particular area was sealed. The later measurements showed that maximum radiation dose to the personnel were ten times lower than allowed limit. In addition, the measurements showed that maximum radiation outside of sealed zone did not exceed allowed level. The situation was stabilized later that day. The level of the incident was rated at level zero in accordance to International Nuclear and Radiological Event Scale. § § §

Natural gas turbine delivered to the construction site of CHPP EVN Bulgaria-Toplofikacia (Bulgaria) In the end of April, natural gas turbine for the future combined heat and power plant (CHPP) EVN Bulgaria-Toplofikacia in Plovdiv has been delivered to the construction site. Siemens has produced the high-tech 32 MW-turbine, and its worth is some 15 million euros. The delivery of the natural gas turbine was another step in the project for construction of CHPP EVN Bulgaria-To-

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predictability of the income for investors, which should facilitate acquiring the loans for the projects. In the same time, the Law has reduced duration of preferential contracts. For photovoltaic, geothermal and biomass power plants duration was reduced from 25 to 20 years, while for wind farms contract duration was reduced from 15 to 12 years. The duration of preferential contracts for small hydropower plants (HPPs) and other RES power plants will be 15 years.

Isakov believes that NPP Belene will be harmless and that it will bring 8 billion euros for the Bulgarian state budget only through taxes. Ambassador did not specify period for this income. § § §

Government: Lukoil to guarantee supply of oil derivatives (Bulgaria) Minister of economy and energy Traycho Traykov sent a letter to the Lukoil Neftochim Bourgas in which he asked the company to provide guarantees that restrictions in fuel exports from Russia from May 1 would not affect Bulgarian market. Lukoil Neftochim Bourgas is the only oil refinery in the country. In the end of April, Russia decided considerably to increase export duties for oil derivatives from May 1 (from 304 dollars/ton up 408 dollars/ton) in order to reduce exports and to stabilize domestic market. In the letter, minister Traykov asked from the executive director of the refinery in Bourgas, Sergey Andronov, whether export restrictions would affect operation of the refinery, the quantity and the prices of petroleum products for Bulgarian market. Traykov said that this information was vital for securing the fuel supplies for Bulgaria in case of halting the import from Russia. According to local media, Lukoil, which imports crude oil exclusively from Russia, said that export restrictions would not affect Bulgaria. § § §

The new Law has also extended deadline for introduction of share of biofuels in conventional fuels until January 1, 2012. Starting from that date, the share of biodiesel in diesel should be 5 %, while from June 1, 2012, the share will be increased to 6 %. In the same time, gasoline should contain 3 % of bioethanol from June 1, 2012, while this share should be increased up to 9 % from March 1, 2016. § § §

Rosatom: NPP Belene to be the safest in Europe (Bulgaria) The future reactors in nuclear power plant (NPP) Belene (2x 1,000 MW) will be the safest in entire Europe and they will meet all safety criteria, even if new ones appear after the nuclear disaster in Japan. This was said by the Director for Programs of Rosatom Sergey Boyarkin. The state-owned Rosatom is the parent company of AtomStroyExport (ASE), which is the leader of the consortium for construction of NPP Belene. Unlike other nuclear reactors in the World, the reactors in NPP Belene will incorporate active and passive safety systems, which will not allow any incidents in any conditions. Boyarkin said that reactors in NPP Belene would have unique solution with four active and two passive safety systems. Rosatom's official said that, after Chernobyl accident, Russia started to design reactors with the most protection systems. The competitors say that these reactors are too expensive, but Rosatom believes it is better that they are 100 % safe, Boyarkin said.

Bulgartransgaz posted 57.8 million euros of profit in 2010 (Bulgaria) The natural gas transmission system operator Bulgartransgaz said it has posted 57.8 million euros of profit in 2010, despite the crisis and reduced natural gas demand since 2008. The result was 29.8 % higher compared to the 2009. The company said that favorable financial results were the consequence of optimization of activities and cost reduction. The company also reported 215 % increase in financial income in 2010. The company said that natural gas storage facility in Chiren reported 57 % decrease in income. The main reason was the fact that Bulgartransgaz is state-owned company, which is obliged to be socially responsible, i.e. natural gas from the facility was sold at lower prices in order to limit increase in prices for population during 2010. § § § 36

In the related news, the ambassador of Russia to Sofia Jury Isakov was 100 % convinced that nuclear power plant (NPP) Belene would be built. The project will be profitable for Bulgaria, Russia and entire Europe, ambassador said in an interview to local television. Isakov also said that NPP Belene is the only energy source capable of replacing units in NPP Kozloduy.

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NEK continues negotiations over NPP Belene, the construction price remains the main dispute (Bulgaria) National electric company (NEK) said that negotiations regarding construction of nuclear power plant (NPP) Belene (2x 1,000 MW) have been continued on April 26. The negotiations are being conducted by three workgroups (legal, technical and financial) with participation of representatives from ministry of economy and energy of Bulgaria, Bulgarian energy holding (BEH), Belene project company and Russian Rosatom. NEK refused to comment ongoing negotiations. The main dispute remains the construction price. According to the latest information, Russian side is still in favor of construction price of 6.3 billion euros, which was set in the non-binding protocol signed in the end of 2010. On the other hand, Bulgarian side believes that maximum cost for construction of NPP Belene should reach 5 billion euros. On April 5, NEK and Rosatom's subsidiary AtomStroyExport (ASE) signed Memorandum of understanding, according to which final decision regarding continuation of Belene project should be reached until June 30. NEK and ASE also signed the 12th annex to the main construction agreement, according to which NEK and ASE should sign engineering, procurement and construction (EPC) contract for NPP Belene until June 1. In the same time, Russian media reported that Rosatom could seek 1 billion euros compensation if Bulgaria decides to terminate the project, i.e. if the final agreement was not signed until July 1. Rosatom believes that final agreement for NPP Belene should be initialed by June 1 and that it should be signed by July 1. However, Bulgarian officials said that agreements signed by NEK and ASE in beginning of April were not binding. Commenting the abovementioned rumors, prime minister of Bulgaria Boyko Borisov said that government would do everything in its power to avoid payment of compensations to Rosatom. Borisov recently said that final decision on Bulgaria's participation in Belene project would be reached by the national parliament, after presenting the analyses made by the consultants. In the first half of April, the government of Bulgaria signed the consultancy contract for NPP Belene with the HSBC bank. PM Borisov once again said that the former government, which did not meet deadlines set in the original contract in 2006 for solving the disputes, caused the problems in the project. Borisov believes that final agreement for NPP Belene should have been signed in 2007.

In the same time, minister of economy and energy Tracyho Traykov said that deadline for signing the final agreement for NPP Belene could be prolonged once again. Traykov said that government demanded from HSBC to present comprehensive and detailed analyses on the project. However, minister believes that HSBC would not be able to complete necessary analyses in period of two months. § § §

AtomStroyExport: NPP Kozloduy to take part in Belene project (Bulgaria) In mid April in Moscow, vice president of AtomStroyExport (ASE) and project manager for Belene project, Gennady Tepkyan, proposed that nuclear power plant (NPP) Kozloduy should be included in construction of NPP Belene, since National electric company (NEK) has faced problems in securing the funds for the project. According to the cooperation protocol signed in November 2010, NEK should own 51 % stake in Belene, while the rest should be owned by ASE (47 %), Finish Fortum (1 %) and French Altran Technologies (1 %). Tepkyan said that only obstacle in the project remains the construction price, since there is nothing else to be offered in terms of safety. The reactors in NPP Belene will be the safest in the World, Tepkyan said. Tepkyan also said that ASE could build NPP Belene at fixed price of 6.3 billion euros or at price of 4 billion euros (set in original contract in 2006) plus escalation expenses. ASE won in the tender for NPP Belene in 2006, by offering the lowest price, the best security and the best guarantees. Later, EU experts approved the usage of Russian reactors VVER-1000 type in NPP Belene. In the related news, the opinion poll of Medium Gallup agency shows that 48 % of the citizens in Bulgaria approve construction of NPP Belene. In the same time, 15 % of population was in favor of freezing the project, while 37 % had no opinion. § § §

Report on operation of NPP Krsko in March 2011 (Croatia) In March 2011, nuclear power plant (NPP) Krsko (696 MW), jointly operated by Croatia and Slovenia, has produced 399.9 GWh of electricity, which was 20.8 % lower than planned. The availability factor was 78.5 %, while capacity factor was 78.2 %.

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As recalled, in period March 23-30, NPP Krsko was out of service due to several tripping in transmission grid. The outage was rated at level zero in accordance to International Nuclear and Radiological Event Scale. § § §

MOL reminded it had invested over 2.7 billion euros in INA since 2003. MOL also said that INA survived during global economic crisis, when INA's every day business operation was seriously endangered, thanks to the joint efforts of strategic partners. Also, during the most critical periods, MOL has provided direct financial support for investments and wages, the release said. In 2010, after several years with financial losses, INA finally reported profit, MOL said. MOL said it had published two offers for purchase of INA's shares, during which minority shareholders and private investors were given fair opportunity to sell their shares. MOL said that large number of minority shareholders sold their shares during these occasions. According to MOL, the offers were completed transparently and fair in accordance to laws. MOL has also obeyed the recommendations of HANFA, according to which MOL was instructed not to purchase shares on market. MOL obeyed this recommendation, although it had immediately disputed such guidelines, the release said. MOL repeated that there was no official or unofficial regulation that could prevent MOL from purchasing INA's shares on the market. In the same time, MOL has asked HANFA to investigate speculative activities on the market, which could endanger unity between strategic partners. MOL once again stressed that Shareholders agreement in INA between the government of Croatia and MOL set the shareholders rights regardless of particular ownership stakes. MOL said it would continue to protect its partnership with the government, due to its key importance for development of INA as strong, competitive and successful company. MOL confessed in its release that it had purchased shares from private investors, in cases where terms were in accordance to MOL's investment criteria. However, MOL said that level of investments does not oblige MOL to publish official information on ZSE. MOL refused to reveal the amount of shares it managed to purchase, i.e. the exact stake in INA owned by MOL was not revealed. After the recent private offer, MOL managed to increase its stake in INA up to 47.2 %. According to local media, MOL might be in control of 49.08 % stake in INA. On the other hand, the government of Croatia and pension funds controls some 48.8 % stake in INA. § § §

HANFA suspended trade in INA's shares once again (Croatia) In the end of April, Croatian Financial Services Supervisory Agency (HANFA) instructed Zagreb Stock Exchange (ZSE) to temporary suspend trade in shares of Croatian oil industry (INA) until May 6. As recalled, in the end of March and in the beginning of April, HANFA has suspended trading in shares of INA due to increased trading by unknown foreign investors in order to maintain regular and transparent trade and to protect investors. The trading was suspended in period March 28April 1 and in period April 4-8. In the beginning of April, HANFA made an official report that accused Hungarian oil company MOL, a strategic partner and holder of managerial rights in INA, for secret purchase of shares of INA. HANFA also said that Slovakian tycoon Mario Hoffman, who, according to HANFA, has strong links with criminal underground, purchased INA's shares According to the latest press release of HANFA, HANFA had noticed increased trading in shares of INA by the foreign investors. HANFA said that, in order to protect investors and to ensure continuous and regular trading on capital market, it has demanded relevant data from foreign regulators and investors in order to establish facts necessary for supervision. Prior the latest suspension, the worth of INA's shares reached new historic record of 570 euros. HANFA explained that the decision on the latest suspension was reached after MOL did not provide data related to trade of INA shares, the financial means provided to other parties for purchase of INA's shares or the potential agreement or contract with other parties regarding purchase of INA's shares. HANFA said that MOL received official request for providing the abovementioned data on April 4, but MOL did not respond to this request. Soon after HANFA published its decision regarding trading suspension, MOL published official press release. MOL said that Croatian media published a lot of false interpretations and articles related to trading in INA's shares in the recent period, through which MOL was exposed to unjustified attacks and which had damaged company's reputation.

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Government considers construction of large LNG terminal on Krk Island (Croatia) Natural gas transporter Plinacro and the operator of the oil pipeline network, the Adriatic pipeline (Janaf ), in cooperation with the ministry of economy, labor and entrepreneurship plan to build large liquefied natural gas (LNG) on Krk Island. The exclusive information was confirmed to local media by the director for energy in the ministry of economy, labor and entrepreneurship Darko Horvat. The announcement was a surprise having in mind the recent development of the project. The international consortium Adria LNG decided to delay the LNG project in Krk from 2014 until 2017 due to unfavorable market development. The consortium, established by E.ON Ruhrgas, OMV, Total and Geoplin in 2006, has closed its Croatian office in the end of 2010. Soon after, Croatian officials and Plinacro announced the idea for construction of floating and smaller LNG terminal with 2 billion-cbm capacity near Krk Island. This project would be much cheaper (some 50 million euros) and the terminal should have been built much sooner. However, the floating terminal would cover only Croatia's needs. However, according to recent announcements, Croatia seems to be in favor of construction of large LNG terminal. The future terminal should deliver natural gas to entire region. Local media said that Croatia has interviewed Poland, Czech Republic, Slovakia, Hungary and Slovenia regarding their interest for using the natural gas from the future LNG terminal. The analysis was aimed to estimate optimal capacity of the terminal. According to local media, Hungary, Czech Republic and Slovakia have expressed interest in the project, while talks with Poland will take place in May. Slovenia did not issue its opinion, the media said. In the meantime, sources from ministry of economy have confirmed that Bulgaria have expressed interest in the project, which should be done by Romania too. According to current interest, the capacity of the terminal should be 4 billion cbm. The media also said that interest for funding the project was expressed by Turkish Unit Group, JP Morgan, EBRD, World Bank, and Norwegian company Hoegh LNG. Hoegh LNG and one US company expressed interest for construction of floating LNG terminal too.

In the same time, Darko Horvat believes that EU might provide 50 % of the necessary funds for the project, after Croatia becomes an EU member. In this moment, European Commission has been considering development of new energy corridor from LNG terminal in Poland to LNG terminal in Croatia. The project known as New European Transmission System (NETS) should link Baltic and Adriatic Sea by connection of existing natural gas grids. The project could be approved by EU in May or June, Horvat said. So far, participants in NETS project are Gaz System (Poland), FGSZ (Hungary) and Plinacro. Horvat expressed hope that the project will be joined by natural gas companies from Czech Republic and Slovakia. EU has already provided part of the funds for construction of natural gas interconnection between Hungary and Croatia, which should be the part of new European natural gas corridor North-South. However, sources said that government of Croatia could abandon its latest plans if Adria LNG consortium decides to continue with the project after all. In this way, Croatia would use its rights and it would acquire 25 % stake in the project. According to original plans, LNG terminal should have initial capacity of 10 billion cbm per year, which will be later increased up to 15 billion cbm. § § §

Janaf reported 25 % decline in profit in Q1 (Croatia) According to the financial report published on Zagreb Stock Exchange (ZSE), Adriatic pipeline (Janaf ), the operator of the oil pipeline network, has reported 2.3 million euros of net profit in the first quarter of 2011, which was 24.8 % lower compared to the same period last year. The gross profit reached 2.88 million euros, which was 25 % lower compared to the last year, but 3.5 % higher than planned. In the same period, business income reached 13.3 million euros, which was 1.1 % lower compared to the last year and 9.3 % lower than planned. The reduction in income was the consequence of reduced transport and reduced storage for foreign customers. In the first quarter, oil transport for Brod refinery (Bosnia and Herzegovina) was reduced, while MOL did not transport oil as planned. Overall income of Janaf in the first quarter reached 13.6 million euros, which was similar to the last year. On the 39

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other hand, business expenses reached 10.4 million euros (+8.8 %), while overall expenses reached 10.7 million euros (+9.6 %). § § §

Norway interested in Greek oil reserves (Greece) Norway has invited Greek Deputy Environment, Energy and Climate Change Minister Yiannis Maniatis to Oslo in order to discuss oil exploration rights expected to be awarded in the western Greece. Norwegian Deputy Minister of Petroleum and Energy Per Rune Henriksen formally invited Maniatis to a meeting where the two sides are scheduled to look at the searching, drilling and development of hydrocarbons in Greek waters. Maniatis is also expected to meet with officials from Norwegian oil giant Statoil, Petroleum Geo-Services (PGS) and TGS-NOPEC Geophysical Company (TGS). In the next 18 to 24 months, the Greek government has said it will invite bids by private operators to search for oil and natural gas in a bid to cut energy imports. At the moment, Energean is Greek only oil and natural gas exploration company, producing some 3 000 barrels of oil per day in northern Greece. § § §

INA reported 143 million euros of profit in Q1 (Croatia) In the first quarter of 2011, Croatian oil industry (INA) reported the net profit of 143 million euros, compared to 17.8 million euros loss posted in the same period last year. The EBITDA reached 270 million euros (+81 %) and the core profit reached 176 million euros (+211 %). The favorable results were the consequence of improved business operation and effects of strategic investments, as well as the more favorable environment in general. The sales income rose by 23.2 % up to 942 million euros thanks to increased production of hydrocarbons in Northern Adriatic and Syria as well as favorable environment. The contribution of the refinery and marketing division has increased but it remained negative due to problems related to the operation of the hydrocracking facility. The profit was strongly supported by favorable currency differences. The net financial income reached 35.2 million euros, compared to the financial loss of 55.6 million euros in the same period last year. During the press conference in the end of April, the Chairman of the Management board of INA Zoltan Aldott said that INA was on the right track, while favorable results were the consequence of investments started in the past years. Aldott believes that net debt of the company should be reduced due to current favorable financial position. In the end of March, INA's debt stood at 1.5 billion euros, which was 0.9 % higher compared to the end of the 2010. In 2011, INA should invest 340 million euros in exploration and production, and for modernization of the refineries and retail network. So far, some 540 million euros was invested in modernization of refineries. The first phase of modernization in Sisak refinery should be completed in May, while the first phase of modernization of Rijeka refinery was completed. After completing the first phase of modernization of two refineries, INA plans to revise scope of modernization due to drastic changes on the market. § § §

Sources: EC could approve Greece's Energy Law Bill (Greece) According to local papers, which quoted unnamed ministry official, Greek Environment and Energy Ministry has received positive signs from European Commission, regarding a law bill on energy markets. Senior ministry officials said to the press that there has been correspondence with the European Commission about this critical bill, which has been incorporated as a key condition of the Memorandum of Understanding. According to the correspondence, the bill moves in the right direction regarding both the part of consumers and the upgrade of institutional role of the Regulatory Authority for Energy, as the commission didn't make any additional comment. Besides the above law bill, a second bill may be discussed in the next meeting of the cabinet, regarding the multibill, which includes arrangements about ITGI gas pipeline and the establishment of an oil operator. § § §

GE delivered CCGT equpment for altering of TPP Megalopolis (Greece) General Electric (GE) has shipped advanced combinedcycle gas turbine equipment for the Megalopolis Power Plant in Central Peloponnesus, Greece. The combined cycle package will replace four lignite fired units at the site to

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help the country meet both its energy and environmental goals. In 2010, Terna S.A awarded GE with 130 million USD worth contract to provide equipment and services for the project. The existing lignite units at the site are scheduled to be shut down due to their environmental impact. The new project, featuring a GE 209FB combined cycle package, will provide additional power to the grid and help provide grid stability by insuring an adequate supply of new energy, while significantly reducing emissions compared to the lignite units. GE contract for the Megalopolis project includes the supply of two Frame 9FB gas turbines, one GE D11 steam turbine, three 330H generators and some additional services. Commercial operation is expected in the fourth quarter of 2012. TPP will have a net output of more than 800 MW. § § §

HPP Matka 2 is being built on Treska River, with 33 MW output and estimated annual generation of up to 66 GWh. The HPP will be placed between small HPP Matka 1 and HPP Kozjak, which would conclude the projects on Treska River. HPP Matka 2 would be the run of the river type of HPP and it would process water from HPP Kozjak. Joint annual production of these three HPPs should reach 250 GWh, with 150 MW of installed output. The dam of HPP Matka 2 will be gravity arch concrete type, 70 meters high, 127 meter long and it will be able to store some 24,600 cubic meter of water. § § §

Refinery OKTA posted 4 million EUR profit in Q1 2011 (Macedonia) Macedonian refinery OKTA has posted record profit in Q1 2011. In Q1 2011, OKTA has posted 4 million EUR profit, while in the same period in 2010, company managed to post only 170 000 EUR of profit. Largest shareholder in OKTA refinery is Greek Balkanik Petroleum, with 83.64% share. Pension fund, which owns 8.46% share, has announced it will sell its share on Macedonian stock exchange. § § §

PPC union announced 48 hour strike (Greece) GENOP, union of Public Power Corporation (PPC) workers, has announced 48 hour long strike, which could affect electricity supply in Greece. It is expected that the strikes will begin on 5th of May, a week before the government is to submit legislation in Parliament, which would reduce its stake in PPC from 51% to 34%. GENOP President Nikos Fotopoulos said that GENOP would sue PPC for the return of 12 billion EUR in workers pension fund money. According to an agreement between PPC and GENOP, the power company can present the pension fund as part of its assets and use the fund money for investment. "Everyone knows where all the money went, and the PPC presidents know best of all," Fotopoulos remarked. Fotopoulos also directed sharp criticism at public administration inspector Leandros Rakintzis, who released a report claiming that GENOP had received milions of euros in illegal funding from PPC since 1999 and had spent much of this on trips abroad and gifts. § § §

Macedonia once again invited to participate in South Stream project (Macedonia) During his one day visit to Skopje, Foreign Minister of Russia, Mr. Sergei Lavrov, has once again invited Macedonia to participate in South Stream project. Minister said that Russia is seriosly considering to include Macedonia into project, and construct a pipeline branch over Macedonian teritorry. Russia already delivers around 0.1 billion cubic meters of natural gas to Macedonia since 1997. On 17th of June 2009, Macedonian President George Ivanov met with Russian president Dmitry Medvedev and head of Gazprom, Mr. Alexei Miller in Sankt Petersburg. The aim of the meetings was examination of possibility to build an extension linking the South Stream pipeline to Macedonia by 2015, build a gas network completely covering Macedonia's territory and needs and to involve Russian firms in building gas fired power plants. Later, in October 2010, Macedonia and Gazprom held talks in Skopje related to inclusion of Macedonia in South Stream project. Macedonian government has already established "Makedonija Gas", a special company to work together with Gazprom" on South Stream. § § §

HPP Matka 2 to be operational by the end of 2011 (Macedonia) Macedonian government has announced that construction works on HPP Matka 2 would be finished by the end of 2011. According to original plans, HPP Matka 2 was to be finished in mid-2009. Construction works are performed by Slovenian company Riko. ELEM director, which is owner of the project, said that company has not considered charging penalties to Riko, due to deadline breaching.

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ELEM stated with construction of Wind park Bogdanci (Macedonia) Macedonian generation utility ELEM has started with preparation works for construction of Wind farm Bogdanci. ELEM has selected German consulting company Fichtnert as a partner in this project. It is expected that entire project would be finished in 20 months. In March 2010, ELEM announced construction of wind park near city Bogdanci. Wind farm could generate up to 100 GWh of electric energy annually. 55 million EUR is needed to be invested in the project, and construction works would last up to one year. In November 2010, KfV bank has provided 32.9 million EUR loan to ELEM, which will be used to development of wind park. Remaining 22 million EUR will be provided from ELEM own funds. § § §

Coalmine Pljevlja posted 13 million euros of profit in 2010 (Montenegro) Chairman of the Management board of Pljevlja coalmine Predrag Boskovic confirmed that the company has produced 2 million tons of coal and posted some 13 million euros of profit in 2010. The coal production in 2010 was the highest since 1986, while the financial result was the best in the last 30 years, Boskovic said. In 2010, Pljevlja coalmine paid some 4.5 million euros for dismissal wages, while another 3.5 million euros should be paid during this year. The dismissals are aimed to reach optimal number of employees. The coalmine plans to continue with successful operation, but this would be hard to achieve due to payment of 3.5 million euros for lawsuits expenses, severance payments and rise in oil prices, Boskovic said. The company has achieved good production results during the first quarter of 2011, but the payment of lawsuits expenses (to the citizen of nearby village Mrzovici) seriously affected company's financial position during the first quarter, when company's bank account was frozen in mid March. The company also announced the start of negotiations with Power utility of Montenegro (EPCG) regarding new coal prices for thermal power plant Pljevlja. The negotiations will take place in May. Starting from May 15, the coal prices will not be regulated by the Regulatory energy agency (REA) anymore. § § §

EBRD approved 6 million EUR loan for construction of small HPPs (Macedonia) European Bank for Reconstruction and Development (EBRD) has approved 6 million EUR loan to local company PCC Hidro for construction of 4 small HPPs in Macedonia, with overall output of 4.1 MW. PPC Hidro is part of PCC DEG, which is member of German KfV group. This is second loan agreement approved for construction of small HPPs by private entities. § § §

EVN Macedonia produced 40% more than planned from small HPPs (Macedonia) EVN Macedonia has produced 40% more than planned electricity from small HPPs, in Q1 2011, company said in a statement. According to EVN, this result is achieved by revitalization and implementation of new technologies, which is part of EVN Macedonia strategy for increased production from renewable energy sources. In Q1 2011, EVN Macedonia has produced 45 GWh, which is 40% more comparing to planned 32 GWh. Average Q1 production of these small HPPs, for previous 10 years, is 25.5 GWh. EVN Macedonia operates 11 Small Hydro Power Plants (SHPPs), with annual generation of 150 GWh § § § Sources: Oleg Deripaska to build power plant (Montenegro) Local media reported that Russian businessmen Oleg Deripaska, owner of En Plus Group, which controls Aluminum factory in Podgorica (KAP), has registered Group's local office in Montenegro. En Plus acquired majority stake in KAP in 2005 by paying some 50 million euros. Former minister of industry and former head of KAP, Vojin Djukanovic said that decision of En Plus was good news. He believes that Russian tycoon aims to build new thermal power plant near Pljevlja in order to provide electricity for KAP. KAP is the largest electricity customer in Montenegro with annual consumption of some 2 TWh. Starting from 2013, the company will not be entitled for subsides for electricity

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bills. In 2011-2012, overall subsidies should reach 25 million euros. § § §

The lack of interest was the consequence of economic crisis. However, after the recent nuclear disaster in Japan, investors might reconsider investments in coal-fired power plants, Canovic hopes. Deputy minister Canovic said that the option for new TPP would depend on interest of investors. The construction of new unit in TPP Pljevlja would be 200 million cheaper compared to TPP in Maoce basin, but the TPP in Maoce would be bigger, more efficient and more environmentally sound, Canovic said. § § §

Experts: construction of thermal power plants the best way for solving the electricity deficit (Montenegro) Several experts in Montenegro believe that construction of the unit 2 in thermal power plant (TPP) Pljevlja would be the best solution for country's electricity deficit, which reached up to 1.5 TWh in the past years. According to the official Strategy of energy development of Montenegro, the second unit in TPP Pljevlja should be built until 2013, which means that project should have been commenced years ago. The cost of the project, including enlargement of the coalmine, is estimated at 200 million euros. The annual production of TPP Pljevlja with two units is estimated at 2.5 TWh. Compared to the project for construction of hydropower plants on Moraca River, the construction of the second unit in TPP Pljevlja would be over 200 million euros cheaper, while annual output would be double. In the same time, the construction of thermal unit would last only three years, compared to six years for hydro units. The technical manager of Pljevlja coalmine, Ratomir Stanic, believes that construction of unit 2 in TPP Pljevlja and enlargement of Pljevlja coalmine would be the fastest and cheapest solution for electricity deficit in the country. According to Stanic, some 250 million euros should be invested for this project, where new unit should produce 1.1 TWh of electricity per year. Some 60 million dollars was invested in TPP Pljevlja for the necessary infrastructure for the second unit. Stanic reminded that coal reserves in Pljevlja basin stand at 170 million tons. However, according to the study made in 2009, only 17 % of the infrastructure in TPP Pljevlja could be used for the second unit, since most of the equipment is over 20 years old. Deputy minister of economy, in charge for energy, Miodrag Canovic said that the state did not give up plans for construction of second unit in TPP Pljevlja. However, Canovic believes that option for construction of new TPP with two 250 MW units in Maoce basin would be the more likely option, in accordance to already made feasibility studies. Canovic reminded that public invitation for project in Maoce was published but no one has submitted the bid, partly because overall worth of the project was estimated at 1 billion euros.

EPCG selected winners in the tender for electricity import (Montenegro) In the end of April, Board of directors of Power utility of Montenegro (EPCG) has selected the best bidders in the tender for import of electricity, which was published on March 10. EPCG demanded to purchase 329.38 GWh of electricity in period July 1, 2011-December 31, 2011. Ten companies have submitted bids in the tender, where, for the first time, the bids were submitted by local company MN Energy Plus and Energy MT from Bulgaria. EPCG and these two companies will sign standard framework agreements until 2012. BoD decided to purchase only 59 % of the amount requested in the third quarter of the year. The reasons for such decision were high prices offered for deliveries in the fourth quarter and several others uncertainties, BoD said. EPCG said that, since the tender was published, electricity prices in the region have been increased by 15 %, which was the consequence of unfavorable hydrology and earthquake in Japan, which caused closure of seven nuclear reactors in Germany. In addition, the decision of BoD was affected by uncertainties on local level related to operation of large customers, i.e. Steel factory in Niksic and Aluminum factory in Podgorica (KAP). BoD decided to purchase 126 GWh of electricity, where electricity will be delivered by GEN-I Beograd (51.59 %), Korlea Invest Kosice (32.78 %) and GEN-I Krsko (15.63 %). The average price of acquired electricity is 60.56 euros/ MWh, i.e. EPCG will pay overall amount of 7.6 million euros for electricity import in the third quarter. EPCG said that the average price for base and peak electricity is 56.79 euros/MWh and 63.48 euros/MWh, respectively. § § §

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Regulator: EPCG to speed up restructuring process (Montenegro) Regulatory energy agency (REA) has instructed Power utility of Montenegro (EPCG) to speed up the process of legal unbundling of the Distribution network operator (DSO) in accordance to the law. REA has also demanded from EPCG to report regularly on this procedure. According to press release of REA, Energy law has stipulated that legal unbundling of DSO should be completed until May 22. The latest supervision made by REA showed that EPCG would not meet this deadline. On the other hand, EPCG earlier said that legal unbundling was not completed due to complexity of the procedure and the need for providing the stability and safety in operation of the parent company and DSO after the separation. The activities that have slowed down entire process were development of new information system of DSO, signing the contracts with 1,500 employees and signing the contracts with third parties. § § §

Kovacevic said that EPCG invested 3 million euros for the purpose of recapitalization of the First bank in order to protect its stake. He said that this investment was good for EPCG in long-term and that the decision was unanimously reached by the management. EPCG, with 18 % stake, is one of the largest shareholders in the First bank. § § §

EPCG sued KAP over unpaid electricity bill (Montenegro) In the end of April, Power utility of Montenegro (EPCG) submitted the lawsuit at Commercial Court against Aluminum factory in Podgorica (KAP), in which it demanded payment of 4.8 million euros for electricity bill in March. In March, EPCG delivered 118.4 GWh of electricity to KAP. Local media said that the management of KAP was angry over the lawsuit, since KAP has paid 5 million euros for arrears in April. KAP believed that disputes with EPCG were resolved during the informal negotiations mediated by minister of economy Vladimir Kravaric. Minister Kravaric said that the ministry was in constant communication with most important companies in the country in order to facilitate payments of debts. He said that electricity supply was vital for KAP, so that efforts should be made to find acceptable solution for both sides. Sources said that minister Kravaric should set up new meeting between managements of EPCG and KAP. Two companies will negotiate on future cooperation and payments of debts. Until the end of April, overall debts of KAP toward EPCG stood at some 20 million euros. EPCG delivers electricity to KAP under long-term agreement and at prices set by Regulatory energy agency (REA). The agreement will expire in the end of 2012. The state provides subsidies for electricity bills to KAP in accordance to the privatization contract. In 2011 and 2012, the subsidies will reach 18 million euros and 7.5 million euros, respectively. § § §

EPCG: possible increase in electricity prices (Montenegro) Chairman of the Board of directors of Power utility of Montenegro (EPCG) Srdjan Kovacevic said in an interview to local newspaper that EPCG might demand the increase in electricity prices, having in mind the development of electricity prices on international markets. He also said that overall debt of the customers toward EPCG reached 174 million euros in the end of March, where 115 million euros was owed by the households. Kovacevic announced that investment programme for this year would be revised, after Regulatory energy agency (REA) decided to reduce electricity prices starting from April 1. Kovacevic also said that EPCG has invested more than 100 million euros in development and reconstruction of electricity grid, as well as in improvement of efficiency of power plants. Kovacevic said that customers have felt improvements in supply, while grid losses were reduced. Kovacevic confirmed readiness of EPCG and its strategic partner Italian A2A regarding construction of four hydropower plants (HPPs) on Moraca River (overall output of 238 MW). Kovacevic also believes that their proposal will present good economic, technical and environmental solutions for the project.

GDF Suez urges for rapid increase in natural gas prices (Romania) Officials from natural gas company GDF Suez Energy Romania, the former Distrigaz Sud, said that the company could not sell natural gas to the households at price lower than purchase price anymore. GDF Suez Energy Romania believes that regulator should considerably increase tariffs for households as soon as 44

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possible. However, the French company did not reveal the amount of the requested increase. The company's request was similar to the frequent demands for higher tariffs made by the second major natural gas supplier, E.ON Energie Romania. Two companies have submitted official requests for higher tariffs to the Romanian Energy Regulatory Authority (ANRE) in March. However, ANRE rejected the requests so that regulated natural gas prices remained at 140 euros/1,000 cbm. Since recently, International monetary fund (IMF) and European Commission have been demanding from Romania to liberalize both natural gas and electricity prices. § § §

According to estimations of Romanian Energy Regulatory Authority (ANRE), the green energy cost will contribute some 4.5 euros/MWh to the final electricity prices in Romania in 2011. According to ANRE, the domestic electricity prices should increase by 33 euros/MWh at most in 2017. § § §

MOL signed concession contracts for three hydrocarbon exploration perimeters (Romania) In the second half of April, Hungarian oil company MOL and Romanian National Agency for Mineral Resources (NAMR) signed concession contracts for exploration of three oil and natural gas perimeters. The contracts need to be approved by the government. MOL will conduct exploration in cooperation with its local partner Expert Petroleum, which won concessions in the last year. MOL will own 70 % of the concessions. The concessions, with overall area of 3,434 square km, are located near Romanian-Hungarian border. § § §

Natural gas consumption rose by 2.9 % in JanuaryFebruary 2011 (Romania) Natural gas consumption in Romania during the first two months in 2011 reached 38.452 TWh (some 3.56 billion cbm), which was 2.9 % higher compared to the same period last year. According to the data of Romanian Energy Regulatory Authority (ANRE), domestic natural gas production in February has covered 61.2 % of overall consumption, where 97.6 % of the production was provided by state-owned Romgaz and OMV Petrom. The average import natural gas price in February was 276 euros/1,000 cbm, which was 1.8 % lower compared to the January. § § §

Rompetrol Group posted 0.6 million euros of profit in Q1 (Romania) In the first three months of 2011, Rompetrol Group has posted 0.6 million euros of profit compared to 38.6 million euros loss in the same period last year. It was the Group's first positive result in the last three years. According to the official report submitted to the Bucharest Stock Exchange (BSE), Group's income in the first quarter of 2011 was increased by 29 % up to 1.39 billion euros. In the same time, operating profit amounted to 32.6 million euros compared to the 5.2 million euros loss posted in the first quarter of 2010. CFO of Rompetrol, Dmitry Grigoriev, said that positive results were the consequence of restructuring and cost reduction. Rompetrol Rafinare, the refinery division and the largest member of the Group, has posted 7.8 million euros loss, which was lower five times compared to the last year. The division posted operating profit of 31.6 million euros, compared to 13.5 million euros loss in the same period last year. In the same time, overall turnover rose by 27 % up to 734 million euros. Grigoriev said that results of Rompetrol Rafinare were the consequence of 690 million euros of investments in period of 2007-2010 45

Association of electricity suppliers: electricity prices to double in 7-8 years (Romania) Ion Lungu, President of Association of Electricity Suppliers in Romania (AFEER) said during the energy conference that electricity prices would increase by 40-60 euros/MWh in the next 7-8 years. In this moment, market electricity prices in Romania stand at some 45 euros/MWh. According to Lungu, the increase will be the consequence of support schemes for green certificates related to renewable energy sources and cogeneration. Lungu also said that clear prediction on electricity prices could not be made, but the green energy would be certainly expensive.

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In 2011, Rompetrol Rafinare plans to achieve turnover of 2.3 billion euros, which will be 22 % higher compared to 2010. In the same time, it should post some 59 million euros loss in this year, compared to 134 million euros loss in 2010. In 2011, the company should process 4.17 million tons of crude oil. The performance of the Rompetrol Group was supported by the construction of Black Sea terminal, which reduced supply costs by 2.7-3.4 euros/ton, by tripling the capacity for transport of petroleum products in Midia port and by improving the distribution network in Romania as well as in France, Spain, Georgia, Bulgaria, Moldova and Ukraine. The Group also plans to complete modernization of Petromidia refinery in 2012, which will have processing capacity of 5 million tons. Rompetrol Group is owned by Kazakhs state-owned oil and natural gas company KazMunaiGaz (KMG). § § §

Until 2020, overall power output in new RES plants should reach 4,715 MW, where 4,000 MW will be in wind farms. RES power plants, including large hydropower plants (HPPs), should cover 43 % of national electricity production in 2020. In 2035, hydro, wind, solar and biomass power plants will cover 41 % of national electricity production while, nuclear power plants will cover 42 %. The lignite, coal and natural gas fired power plant will cover some 16 % of national electricity production. Until 2035, 4,400 MW should be built in new wind farms, while 490 MW and 585 MW should be built in solar parks and biomass power plants, respectively. In 2009, electricity produced in RES power plants and large HPPs accounted to 29 % of national production, where most of the production came from hydropower plants. In the end of 2010, Romania had 560 MW in power plants that use RES, mostly in wind farms. The Strategy said that most effective solution for electricity production, having in mind international development of fossil fuel prices and price of CO2 certificates, would be construction of new nuclear units. The Strategy envisages construction of 3,400-4,600 MW in NPPs until 2030. According to plans, in period 2016-2020, two new 720 MW units in nuclear power plant (NPP) Cernavoda should be put in service. In addition, in periods 2021-2025 and 2026-2030, overall output of 2,000-3,200 MW in new NPPs should be built. Until 2035, overall amount 1,400 MW in new HPPs should be built, while, until 2025, pump storage HPP Tarnita-Lapustesti (1,000 MW) should be built. Until 2020, power output in thermal power plants will be reduced from 12,500 MW in this moment down to 9,263 MW and their contribution to national electricity production will be reduced from 50 % down to 27 %. The power output in TPPs will reach 9,911 MW in 2035. Until that time, some 1,500 MW in new units in TPPs will be built. Some 30-40 billion euros should be invested for decommissioning of old power plants and construction of new units until 2035. According to the document, Romania's geological reserves of natural gas and oil will be sufficient for another 15 and 14 years, respectively. In the same time, lignite reserves should last for 47 years, while coal reserves will last for over 200 years. § § §

Draft Energy strategy in period 2011-2035 published (Romania) In the second half of April, ministry of economy has published Draft Energy strategy in period 2011-2035 on its website. The Draft will be subject to the public debate. The new energy strategy has been developed for more than a year, with reflection to old Energy strategy 2007-2020 and with taking in account the impact of economic crisis to energy sector. The document said that Romania would be dependant on energy import. The growth in the energy demand will be covered by use of renewable energy sources (RES) and imports of natural gas, crude oil, coal and nuclear fuel. The most of the electricity in the next 20-25 years will be produced by new nuclear power plants (NPPs) and wind farms, while the contribution of conventional thermal power plants (TPPs) will be significantly reduced. Strategy envisages growth in electricity production from 54.7 TWh in 2010 up to 71 TWh in 2020 and 88.5 TWh in 2035. The overall output in power plants should be reduced from 20,400 MW in 2010 down to 19,700 MW, while, in 2035, the overall power output should increase up to 23,800 MW. According to the Draft, Romania should invest some 9 billion euros (7 billion euros until 2020) in order to build 5,500 MW in power plants that use RES.

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Court of Appeal rejected division of Hidroelectrica (Romania) In mid April, Court of Appeal in Bucharest rejected the appeal of electricity producer Hidroelectrica regarding ban for division of the company and incorporation of Hidroelectrica's branches into future integrated energy company Hidroenergetica. The Bucharest Court banned the division of the company in December 2010 at the request of trade unions in Hidroelectrica. In addition, in March 2010, the establishment of the second integrated energy company, the Electra, was also banned by the Court of Appeal. At the time, the ministry of economy, trade and business said it has been continuing with the efforts to establish Electra. Trade unions in Hidroelectrica said that latest court decisions denied allegations of the ministry of economy that bans for establishment of integrated companies were just clerical errors. Unions said that court confirmed that state wanted unlawfully to carry on restructuring. The unions also believe that latest court decisions would definitively abolish restructuring of energy sector. The establishment of two integrated energy, Electra and Hidorenergetica, was scheduled to take place by July 1, 2010, but the establishment was later postponed until January 1, 2011. According to original plans, Electra should include energy complexes Turceni, Rovinari and Craiova, Nuclearelectrica, Hidroelectrica's branches Ramnicu Valcea, Sibiu and Targu Jiu and National lignite company Oltenia (SNLO). On the other hand, Hidroenergetica should incorporate Electrocentrale Deva, Electrocentrale Bucharest, thermal power plant Paroseni, Hidroelectrica's subsidiaries in Bistrita, Buzau, Cluj, Curtea de Arges Hateg, Iron Gates, Oradea, Sebes and Slatina and National coal company (CNH). § § §

New CEO of Transelectrica appointed (Romania) In the end of April, electricity transmission company Transelectrica (TEL) said in a press release that the ministry of economy appointed Horia Hahaianu a new CEO of TEL. Hahaianu was CEO of Teletrans, a subsidiary of TEL. The decision should be formally approved by the Board of directors of TEL on May 11. The previous CEO was Stelian Gal, who was appointed the CEO in November 2010. He was also the CEO of TEL between September 2005 and January 2009. Gal announced he would be the member of BoD of TEL until his retirement in September this year. § § §

Ministry of economy against payment of dividends to Transgaz's shareholders (Romania) Ministry of economy has voted against distribution of 90 % of profit of natural gas transporter Transgaz through dividends. The ministry, which is the majority owner of Transgaz, wants to reinvest profit. According to law, all state owned companies are obliged by law to distribute at least 90 % of the profit, which is some 83 million euros in Transgaz's case. However, the ministry of economy will propose exception to the law in order to provide more funds for planned investments in this and the next year. § § §

OMV not interested in minority stake in Petrom offered by the government (Romania) Austrian OMV, the majority owner of oil and natural gas company Petrom, announced it would not submit the bid in the secondary public offering of Petrom's shares on Bucharest Stock Exchange. The government of Romania plans to sell its 9.84 % stake in Petrom in next several months. The estimated worth of the stake is 600 million euros. OMV currently owns 51.01 % stake in Petrom. CEO of OMV Gerhard Roiss said that increasing the stake would not change OMV's influence in decision-making. Roiss said that OMV's investments in Petrom have proven successful. He also believes that Petrom is in excellent position and very attractive for investors. OMV looks forward to increased interest of investors in the capital market in Romania, Roiss said.

OMV Petrom reported slight decline in natural gas sales (Romania) The largest company in the country, oil and natural gas company OMV Petrom, reported decline in natural gas sales during the first quarter. The sales reduced to 1.46 billion cbm (-0.7 %). In the same time, oil and natural gas production increased by 0.5 % up to 186,000 bpd. § § §

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The government, i.e. the ministry of economy, currently owns 20.64 % of OMV Petrom. After selling of the abovementioned package, the ministry will own the minimum stake in Petrom allowed by law. The third largest shareholder in Petrom is the Property fund, with 20.11 % stake. Petrom is the largest oil and natural gas company in Romania, which is involved in oil, natural gas and electricity sectors. Its proven oil and natural gas reserves stand at 0.9 billion boe. Its annual refining capacity is 8 million tons and it has network of 550 petrol stations in Romania and another 257 in Moldova, Bulgaria and Serbia. § § §

CEZ said that works in Fantanele were almost completed. The last wind generator in Fantanele should be installed in this year and the electricity production of the park should reach 800 GWh in this year. § § §

TPP Kostolac B waits for Chinese loan (Serbia) Director of thermal power plant and coalmine (TE-KO) Kostolac Dragan Jovanovic announced that Chinese Eximbank should reach decision on loan for modernization of thermal power plant (TPP) Kostolac B (2x300 MW) in May or June. Jovanovic reminded that worth of the project is 340 million dollars, where the project will be carried out by China Machinery Engineering Corporation (CMEC), the former China National Machinery & Equipment Import & Export Corporation. Director of TE-KO Kostolac said that construction of new unit in TPP Kostolac B might start in 2014 if China approves the loan. Jovanovic believes that project could repay itself if the loan was approved under preferential terms, i.e. with 3 % interest rate, 15-year maturity and 5 years of grace period. In February last year, TE-KO Kostolac and CMEC have signed preliminary agreement for modernization of TPP Kostolac B and for construction of the new unit, where overall worth of the project is estimated at 1.25 billion dollars. The project will include upgrade of two units (by 100 MW in sum), construction of desulphurization facility, enlargement of the lignite mine (up to 12 million tons annual capacity) and construction of unit 3 (350 MW). The 85 % of project costs should be funded by loan of Chinese Eximbank. In December last year, TE-KO Kostolac and CMEC signed the contract for the first stage of revitalization of TPP Kostolac B. The first stage of the project is related to revitalization of two units in TPP Kostolac B, construction of desulphurization facility and related infrastructure (railway system and port on Danube River). During the occasion, Jovanovic said that lignite reserves in Drmno are sufficient for electricity production of existing units and the new unit until 2060. In this moment, lignite mine Drmno produces some 9 million tons of lignite, where some 7.5-8.5 million tons are being spent by nearby TPPs Kostolac A and B. Jovanovic also said that exploration works on new field Moravica were in final phase. According to initial estima-

ANRE: Gazprom increased natural gas deliveries in 2010 (Romania) In 2010, Russian Gazprom has delivered 2.6 billion cbm of natural gas to Romania, which was 4 % higher compared to 2009. This was confirmed by the Romanian Energy Regulatory Authority (ANRE). The import accounted for 17.1 % of natural gas consumption in Romania in 2010, compared to 14.7 % in 2009. According to ANRE's data, average import price in 2010 was 360 dollars/1,000 cbm, compared to 356 dollars/1,000 cbm in 2009. ANRE also said that two largest domestic natural gas producers, Romgaz and OMV, produced 5.77 and 5.16 billion cbm of natural gas in 2010, respectively. § § §

CEZ to complete wind farm Cogelac in 2012 (Romania) Czech CEZ said that wind farm Cogelac (252.5 MW) should be completed in 2012, one year later then planned. The project was resumed in February, after being interrupted in August 2010, due to disputes with Cogelac municipality and the protests of the local residents. Had not been interrupted, the construction works in Cogelac would have been completed in this year. The first wind generator in Cogelac should be connected to the network in the second half of 2011, CEZ said. The wind farm Cogelac and nearby wind farm Fantanele, located in Dobrogea region, will have combined output of 600 MW. The worth of the project is estimated at 1.1 billion euros.

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tions, the lignite reserves of the field stand at some 510 million tons. § § §

vironmental protection. The project should be completed by 2013. Vice president of Siemens Switzerland Reto Nauli said that outdated equipment of TPP Nikola Tesla B needed to be modernized due to economic and ecological reasons. The study on current state of the equipment was made by Swiss AF Kolenko. Nauli believes that TPP Nikola Tesla B would be the most efficient power plant of EPS. Arminio Rosic, representative of Swiss cooperation office in Serbia, said that Switzerland would continue to fund ecological and energy efficiency projects in Serbia. In the last 20 years, Switzerland has donated over 200 million Swiss francs in Serbia. § § §

Ministry of mining: coal reserves sufficient for a century (Serbia) Deputy minister of environment, mining and spatial planning, in charge for mining, Zlatko Dragosavljevic said that the coal would remain strategic energy source in Serbia in the next 100 years. He reminded that coal was used for production of some 70 % of electricity in Serbia in this moment. During the round table regarding coal sources for future thermal power plants (TPPs) in Serbia, deputy minister said that there would be enough coal for TPP Kolubara B (2x350 MW) and unit 3 (700 MW) in TPP Nikola Tesla B. Dragosavljevic said that Serbia's coal reserves stand at 20 billion tons, where 14 billion tons are located in Kosovo, 4 billion tons in Kolubara coalmine and 1.5 billion tons in Kostolac coalmine. Deputy minister believes that Serbia needs new investments in mining sector, as well as more realistic prices for electricity and coal, which are among the lowest in Europe. Dragosavljevic said that Serbia imports some 1 million tons of coal per year. During the occasion, Dragosavljevic said that coal would be treated as strategic energy source in the Strategy of mineral resources and in the Mining and geological researches law, which should be adopted in this year. § § §

EPS: bids for strategic partnership for TPPs Kolubara B and Nikola Tesla B3 to be submitted in May (Serbia) Potential strategic partners should submit bids for construction of thermal power plant (TPP) Kolubara B (2x350 MW) and unit 3 (700 MW) in TPP Nikola Tesla B in May. This was said by the director of strategy and investments in Power utility of Serbia (EPS) Slobodan Mitrovic during the round table held in Belgrade in the second half of April. Mitrovic said that German RWE has been interested in the project in TPP Nikola Tesla B, while Italian Edison should submit bid for TPP Kolubara B. The tenders for new TPPs have been prolonged several times at the request of eligible candidates during 2010 and 2011. The lignite for new TPPs will be delivered from new field Radljevo in Kolubara coalmine. Some 600 million euros should be invested in development of this field. The Radljevo field, for which necessary documentation is under preparation, is expected to deliver some 13 million tons of lignite per year starting from 2020, Mitrovic said. In the related news, advisor to the prime minister of Serbia for energy and former minister of energy, Petar Skundric, said that outcomes of the tenders for construction of TPP Kolubara B and TPP Nikola Tesla B3 should be positive. Skundric believes that Edison should submit a bid for TPP Kolubara B and that RWE, Edison or consortium of companies should submit a bid for TPP Nikola Tesla B3. However, the responsible ministry has been preparing new models for implementation of two projects just in case, Skundric said. The new model implies setting up consortiums led by companies that submitted bids in the tenders. § § § 49

EPS and Siemens signed the contract for modernization of TPP Nikola Tesla B (Serbia) On April 19, Power utility of Serbia (EPS) and consortium led by Siemens Switzerland and Siemens Belgrade signed the contract for modernization of the monitoring and control system of thermal power plant (TPP) Nikola Tesla B (2x600 MW). The worth of the contract is 9.3 million Swiss francs. General manger of EPS Dragomir Markovic said that abovementioned contract is the first part of larger project, with overall worth of 28.6 million Swiss francs. 10.5 million Swiss francs will be donated by the government of Switzerland, while the rest of the funds will be provided by EPS. The head of EPS said that purpose of the project is the increase of operational efficiency of TENT B as well as the en-

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Gazprom and Srbijagas: South stream project is developing as planned (Serbia) Chairman of the Gazprom's Management Committee Alexei Miller and general manager of natural gas company Srbijagas Dusan Bajatovic said that feasibility studies for various sections of South stream natural gas pipeline have been progressing. Two officials met in Moscow in the second half of April. The feasibility studies for the mainland sections of the pipeline were completed by Serbia, Slovenia, Austria, Croatia and Romania, Gazprom said. According to previous announcements, the overall feasibility study for South stream project should be completed by summer. As recalled, Russia has signed interstate agreements for South stream project with Bulgaria, Serbia, Hungary, Greece, Slovenia, Croatia and Austria. The South stream pipeline should be put in service by the end of 2015, and the pipeline should reach its full capacity (63 billion cbm per year) in 2018. During the meeting in Moscow, Miller and Bajatovic also talked on extension of natural gas supply contracts. They agreed that future cooperation in natural gas sector will be mutually beneficial and that it will consider longterm strategic interests of both sides. In 2010, Gazprom delivered 1.76 billion cbm of natural gas to Serbia. Miller and Bajatovic also discussed development of another joint project, the construction of underground storage facility in Banatski Dvor. § § §

Natural gas company Srbijagas earlier said that its overall debts amounted to 300 million euros, due to low natural gas tariffs, interest rates and currency differences. In the same time, overall debts of customers toward Srbijagas stand at 680 million euros. § § §

EPS: HPP Djerdap 1 to complete modernization of unit 1 (Serbia) Director of Department of energy generation of Power utility of Serbia (EPS) Bosko Buha announced that the unit 1 (180 MW) in hydropower plant (HPP) Djerdap 1 should be put in service in mid May. The unit 1 will be the first revitalized unit to be put in service in the largest HPP in Serbia, while the rest of five units will be successively revitalized during next five years. Overall cost of the project for modernization of HPP Djerdap 1 (1,080 MW) will reach 168 million dollars, where 100.5 million dollars will be provided under agreement for settlement of clearing debts of former USSR toward former Yugoslavia. During the same occasion, Buha announced that renewal of unit 2 (90 MW) in HPP Bajina Basta (360 MW) was also going in accordance to plans. This unit should be put in service by August. Buha also said that second stage of revitalization of thermal power plant Kostolac B (600 MW) will not take place in this year due to lack of funds. The project will be completed in 2012, the official said. § § §

Sources: natural gas prices to rise by 15 % in July (Serbia) In the end of April, local media reported that government has decided to approve increase in natural gas prices from July 1. The exact amount of the increase was not decided yet, since natural gas company Srbijagas has not even submitted the request for new prices to the Energy agency of Republic of Serbia (AERS). Sources said that government might approve 15 % increase for households and 20 % increase for companies. The government has maintained the same natural gas prices in the last two years.

EPS achieved record quarterly production (Serbia) In the first quarter of 2011, Power utility of Serbia (EPS) has produced 10.5 TWh of electricity, which was the historic maximum. This was said by director of Department of energy generation of EPS Bosko Buha. The achieved quarterly production was 4.8 % higher compared to the same period last year. Compared to the first quarter of 2001, the electricity production was 2 TWh higher. Thermal power plants (TPPs) have produced 7.2 TWh of electricity, while hydropower plants (HPPs) have produced 3.3 TWh. In the same time, electricity production in HPPs was 13.8 % higher than planned.

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Buha said that favorable result was due to excellent operation of TPPs, which was the consequence of renewals carried out since 2001. In the same time, reliability and efficiency of power plants was the best in company's history. In the same period, lignite production amounted to 10.5 million tons, which was 1 % higher than planned. In 2011, EPS has exported 440 GWh of electricity, Buha said. Until the end of May, the export should amount to 580 GWh, while overall income from electricity export should reach 32 million euros. Buha said that electricity export was enabled by renewals of power plants in the past, but this situation could not last long without construction of new power plants. In 2011, EPS plans to produce overall amount of 36 TWh of electricity, Buha said. TPPs should produce 25.6 TWh of electricity, while HPP should produce some 10 TWh. § § §

This project will create 2,500 jobs in Serbia and it will bring 1.5 billion euros of direct investments. In period of 25 years, Serbia should earn some 4 billion euros from transit fees, Kupriyanov said. § § §

REV abandons construction of two HPPs on Lim River (Serbia) In the end of April, Renewable energy ventures (REV), a local subsidiary of Canadian Reservoir Capital (RC), announced it gave up the project for construction of two hydropower plants (HPPs) on Lim River. REV said that its business units in Prijepolje and Brodarevo would be terminated due to unfavorable development of the project, especially due to inability to solve legal and property issues with landowners. REV has invested some 7.5 million euros in preparation works, but due to high land prices in Lucice village, where the main dam should be built, the project will be terminated. Just in March, REV announced that construction works should start in this year. According to the latest plans, estimated annual electricity production of HPPs Brodarevo 1 (26 MW) and Brodarevo 2 (32 MW) should reach 230 GWh. Overall worth of the project is estimated at 140 million euros. In January 2011, REV announced that connection study for two HPPs was under preparation. At the time, engineering company Energoprojekt has been developing the main project documentation, while environmental impact study was also under way. REV has earlier acquired energy permits for construction of two HPPs. Local media said that REV should divert its investments in neighboring Bosnia and Herzegovina and Montenegro, i.e. in Foca and Pljevlja, respectively. The officials from ministry of infrastructure and energy of Serbia did not comment REV's withdrawal from the project. § § §

Gazprom: NIS to export fuel in Romania and Bulgaria starting from 2012 (Serbia) Spokesperson of Russian Gazprom, Sergey Kupriyanov said that fuel from Pancevo refinery would be sold in Bulgaria and Romania starting from the end of 2012. By that time, Oil industry of Serbia (NIS), majority owned by Gazprom Neft, should complete modernization projects in Pancevo refinery. Gazprom Neft should invest some 500 million euros for modernization projects in NIS until 2012. Kupriyanov said that Bulgaria and Romania are priority markets for Gazprom. Russian company plans to develop retail network in these two countries, where large part of fuel supplies will be delivered from refineries in Serbia. Other countries of interests for Gazprom are Bosnia and Herzegovina and Montenegro, where Croatia and Hungary are under consideration, Kupriyanov said. Spokesperson also said that, although market value of NIS is low compared to the value of the entire group, the takeover of NIS was very important in terms of strategy in Balkans and for the business development in Southeastern Europe. Kupriyanov also said that construction of South stream pipeline will contribute to economic and energy stability of Serbia. The pipeline will provide clean and competitive energy source for Serbia, which should become important natural gas hub in the region, the official said.

75 % of public against nuclear power plants (Serbia) The opinion poll published by Medium Gallup agency shows that 75 % of citizens of Serbia are against construction of nuclear power plants (NPPs). In the same time, 46 % citizens believe that NPPs do not have adequate protection from potential disasters.

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On the other hand, global poll showed that 49 % of World population support NPPs, while 43 % is against them. The international study was done in March and April and it included 34,000 people in 47 countries. In Serbia, poll included some 1,100 citizens. § § §

The people from Vreoci said they were not against enlargement of the mines and relocation. They also argued that their property was appraised to very low price. Inhabitants demand that procedure should be done in accordance to law, where expropriation contracts should be signed first, after which appraisal of the property should be done. § § §

Construction of small HPPs on Ibar River to start in 2011 (Serbia) The construction of the first small hydropower plant (HPP) with 10 MW capacity on Ibar River will start in 2011. This was announced by the adviser to prime minister of Serbia for energy Petar Skundric. Skundric reminded that project for construction of ten small HPPs with overall power output of 103 MW is being developed by the joint venture company of Power utility of Serbia (EPS) and Italian Seci Energia. The joint venture company called Ibarske Hidroelektrane was established in July 2010. Overall cost of the project is estimated at 285 million euros. According to original plans, the project should be completed in 2015. § § §

Kolubara coalmine produced 8.3 million tons of lignite in Q1 (Serbia) In the first quarter of 2011, Kolubara coalmine has produced 8.3 million tons of lignite, which was 3 % higher than planned. In the same time, overburden production reached 16.2 million cbm (+3 % higher than planned). The lignite from Kolubara is being used for production of over 50 % of electricity in the country. § § §

Elektro Maribor: new electricity prices for household customers (Slovenia) Distribution company Elektro Maribor announced increases in electricity prices for households, starting from June 2011. Electricity prices will be increased for 6%, in average. Electricity price has not been changed for 2 years, and since previous price correction, wholesale price has increased for 12%, according to Elektro Maribor. § § §

Minister of mining: relocation of Vreoci village to be done in 2011 (Serbia) Minister of environment, mining and spatial planning Oliver Dulic said that anyone who stalls with relocation of the Vreoci village endangers electricity supply in entire Serbia. The relocation must be done in this year, otherwise Serbia will face electricity shortages in 2013, the minister said. Minister Dulic believes that Kolubara coalmine had done everything regarding the relocation in accordance to laws. He expressed hope that people, who will be relocated, would get adequate compensation. Vreoci village has some 3,000 inhabitants and it spreads on 1,800 hectares. The estimated lignite reserves under Vreoci stand at 500-600 million tons. According to plans, the relocation should start on May 9. Several days before the abovementioned statement of minister Dulic, representatives of Vreoci village said they would refuse to move, since adequate location for their new homes was not provided.

Electricity production in March 2011 (Slovenia) According to the Statistical Office of Slovenia (SORS), electricity production in March 2011, comparing to February 2011 has increased by 3%, while consumption increased by 9%. Production of HPPs increased by 25%, production of TPPs for 11%, while production in NPP Krsko decreased for 15%. In March 2011, Slovenia imported 1065 GWh of electricity and exported 1074 GWh. Consumption of electricity in the Q1 of 2011 has increased for 3%, comparing to same period in 2010. SORS also reported a rise in the supply of other petroleum products by 70%, jet fuel for 42%, brown coal and lignite for 30%, petrol for 18% and, kerosene fuel for jet engines by 42 percent, brown coal and lignite by 30%, petrol for 18% and natural gas for 10%.

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In April 2011, NPP Krsko has produced 505 000 MWh of electricity, which is 20% more than planned. During April 2011, availability factor was 78.5%, while the utilization factor was 78.2%. The plant was operating within the limits of technical specifications, and all safety systems were operational. The temperature of Sava River was increased for 1.6 degrees. In March 2011, NPP Krsko has produced 399.9 GWh of electricity, which was 20.8 % lower than planned. The availability factor was 78.5 %, while capacity factor was 78.2 %. As recalled, in period March 23-30, NPP Krsko was out of service due to several tripping in transmission grid. The outage was rated at level zero in accordance to International Nuclear and Radiological Event Scale. § § §

to EnerjiSA, Ozisik's owners Isiklar Yatirim and Cemas Dokum said in statements to the Istanbul Stock Exchange. "EnerjiSA added to its portfolio, the license for Alpaslan 2 Dam and HPP with 204 MW installed capacity," company said in a statement. The dam is located in the southeastern province of Mus. Currently, EnerjiSA Power Generation has license for projects of overall 3 677 MW output (in operation / under construction / pre-construction). In addition, company said that projects with overall 1 035 MW output are in license application process. "Our target is to increase the share of renewable energy sources to our generation in order to meet the electricity demand in Turkey in the most reliable and environmentally friendly manner", Sabanci Holding Energy Group President Selahattin Hakman said in a statement In May 2007, Sabanci Holding signed a joint venture agreement with Austrian Verbund. The agreement is based on an equal share and management principle. Sabanci and Verbund will work together and exclusively within all areas of the Turkish electricity sector, except for nuclear energy investments, planning to attain a total installed capacity of 5 000 MW by 2015. § § §

Environmentalists against new reactor in NPP Krsko (Slovenia) Slovenian, Austrian and Croatian youth representatives of green parties organized press conference, where they expressed their concerns over construction of new unit in NPP Krsko. Environmentalist organizations are also in favor for the early shutdown of existing reactor in NPP Krsko. SMS-GREEN, along with members of the EEA requested from Slovenian and Croatian authorities to immediately suspend planning the extension of the NPP. "The funding provided to build another nuclear power plant in Slovenia should be focused on renewable energy and efficient usage of energy", representatives of green parties said. § § §

Demiroren and BOTAS signed cooperation deals with EGL (Turkey) Swiss energy company EGL on Monday signed a joint initiative agreement with Turkey's Demiroren Group and a memorandum of understanding with Turkey's Petroleum Pipeline Corporation (BOTAS) in Ankara. Speaking at the ceremony, Demiroren Group's Board Member Kivanc Oktay said that the partnership established aims to make use of the local and international experiences of the two companies in presenting products and service to the rapidly growing energy markets throughout the world. "After closely monitoring the Turkish energy market, we have determined that Demiroren was the most suitable company to do business with in Turkey", EGL senior executive, Mr. Hans Schulz said. § § §

Labor Court: Workers strike in TPP Sostanj during November 2010 - illegal (Slovenia) The strike, organized by the union of TPP Sostanj, which lasted from 12th till 16th of November, was ruled illegal, by Labor Court. Union has announced a complain. TPP Sostanj management said that strike "was not organized in order to attain economic and social rights and interests of labor, and it was threat to security, health and property. § § §

EnerjiSA purchased stake in HPP Alpaslan 2 (Turkey) EnerjiSA, joint venture company of Turkish Sabanci Holding and Austrian Verbund bought a power plant in Turkey from Ozisik Insaat & Enerji and its partners. Ozisik will sell its stake in the Alpaslan 2 power plant for 8.9 million USD

Energy and Natural Resources Minister still in favor of NPP in Akkuyu (Turkey) Energy and Natural Resources Minister, Mr. Taner Yildiz said that he supports protests organized against old-fashioned nuclear power plants that continue producing energy around the world. However, he said that the planned NPP 53

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Akkuyu should be supported because it poses no risk to the environment at all. "First generation nuclear power plants that are over 40years old should be closed. But third generation power plants such as the one we plan to build in Akkuyu are necessary. I think Greenpeace will agree" he said. Noting that Greenpeace members often carry banners with "No to Chernobyl" written to it during their demonstrations in Turkey, Mr. Yildiz said the same banner should say "No to Chernobyl, Yes to Akkuyu." "There are 442 nuclear power plants in the world and 225 of them are in the United States, France and Japan. Turkey is the only country without access to nuclear energy among the top 30 developed countries in the world," Mr. Yildiz told "the Second Leadership Forum" at Ankara's Bilkent University. Russian Rosatom, which has been awarded with 20 billion USD deal for construction of Nuclear Power Plant (NPP) Akkuyu, has invited reporters from Turkey to visit NPP Kalinin in Russia, owned by Rosatom, which uses same safety technologies as future NPP Akkuyu would use. Rosatom plans to start construction in Akkuyu in 2013 and have its four planned reactors operational by 2021 During reporters visit, chief engineer at Kalinin said the NPP Akkuyu will be the safest of its kind. He added that the planned NPP Akkuyu is a"four-layer Matryoshka doll safety system" used in Kalinin. "In case of an accident, heat absorption, natural circulation and cooling automatically start. These safety systems do not require human intervention to start working", chief engineer said. "The innermost doll is the reactor itself. What constitutes the second doll is the reinforced concrete surface of the reactor. The third doll is the safely cooling system. The water that circulates inside the reactor does not have any contact with the outside world, and neither does the water in the second cooling layer. Only the third cooling circuit uses water supplied externally. The outermost and fourth doll is a safety measure against any possibility of having the reactor badly damaged. Even if the nuclear fuel remains waterless and starts to melt down, the grid at the bottom of the reactor would catch the fuel" he explained. § § §

Turkey's Social Security Institution (SGK) has won a lawsuit and reclaimed 6 percent share in the TPAO. Turket`s "Is Bankasi" has also filled a similar lawsuit for 3% share and the dividends which have not been received since 1983. Around 20 more individual shareholders owned shares in the TPAO before nationalization. § § § Turkey and Azerbaijan agree on natural gas purchase/ sale agreement (Turkey)

Speaking at a news conference regarding the Turkey-Azerbaijan Natural Gas Purchase, Sale and Transit Agreement, Turkeys Energy Natural Resources Minister, Mr Taner Yildiz said the parties carried out the negotiation process on five topics, underlining that they could not agree on every issue.Azerbaijan and Turkey have reached final agreement on exports and transit of gas, Turkish Energy Minister Taner Yildiz said. The countries will sign several agreements on gas sale and gas transit, as well as exports from Shah Deniz 2 gas field. "We have agreed on the intergovernmental agreement in principle and in detail. We agreed on issues regarding purchase and sale agreements. Transit passage is a 130 page text. We need time to work on it", Mr. Yildiz said. Azerbaijani Energy Minister Natik Aliyev said there was no difference of opinion, noting that the parties would negotiate the matters and sign them. Under the agreement, Turkey will purchase 6 billion cubic meters of Azerbaijani gas from Shah Deniz 2 field and provide a 10 billion cubic meters transit to Europe from the same field, Minister Yildiz added. § § §

Antalya municipality expressed plans to construct solar power plant (Turkey) Mayor of the Antalya Metropolitan Municipality announced it will start with construction of solar power plant, which would most likely be located in Hurma district, but no details regarding output or amount of investments were revealed. Speaking at the Urbanism and Technologies Fair in midApril, Mayor Mustafa Akaydin said the municipality also initiated Turkey's first Clean Energy Coordination initiative, in addition to observing many different models in some other countries to exchange ideas about the issue." I believe the most important type of energy that should be developed in such a sun-rich city as Antalya is solar power," said Akaydin. According to Mr. Akaydin, Antalya has solar potential of 150 kWh/m2, with over 3 000 sunny hours/year.

Sale of TPAO shares delayed (Turkey) Procedure for public offering of Turkey's national petroleum company (TPAO) went uncertain after a Turkish court ruled to reestablish stakes of a former shareholder. TPAO has been nationalized in 1983 by a government decree, which the court said unlawfully seized stakes of several shareholders.

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Issue No: 2011-IV/2 - issue covers period 16.4.2011-30.4.2011 Deadline: Contact: 28 February 2012, 23:59 Skopje time

Antalya has the potential to generate 150 kWh of electricity per square meter according to the current calculations, Akaydin said, as a city that has sun 3,050 hours a year. § § §

Tenders:

Ivan Trpeski, ELEM 11 Oktomvri 9 1000 Skopje F.Y.R. Macedonia Tel: +389 (2) 3149115 Fax: +389 (2) 3224 492 Email: [email protected]

Company / organization:

EBRD, related Turkey

Company / organization: Sostanj TPP project Content:

TES, Slovenia

Turkey Mid-Size Sustainable Energy Financing Facility (MidSEFF) - Carbon Finance Consultant Content:

The key objective in Turkey is to develop the carbon market linked to Turkey Mid-Size Sustainable Energy Financing Facility (MidSEFF) of EUR 400 million. Under the Facility credit lines will be provided to at least four Participating Banks (PBs) in Turkey for on-lending to: 1. Mid-size (10 - 50 MW) renewable energy investments 2. Commercial energy efficiency investments, and; 3. Private sector investment in municipal or industrial waste-to-energy sub-projects. A fully implemented Facility is estimated to contribute to: - 350 MWe of RE installed capacity - 1.0 TWh of RE production per year - 800,000 tCO2 equivalent abated per annum The main objective of this assignment is integrating a carbon finance component in MidSEFF. The approach would focus on developing a select number of MidSEFF Sub-Projects as Carbon Projects, i.e. project delivering Carbon Credits. In addition the project would seek to engage the Participating Banks by developing their Carbon Market Services. At the national level the project would seek to contribute to the further development of the domestic carbon market in Turkey and its linkages to the global carbon market..

Termoelektrarna Sostanj d.o.o. ("TES" or "Company") has applied for a loan from the European Bank for Reconstruction and Development to implement their modernisation programme, which involves the construction of a new coal fired 600 MW unit ("Unit 6" or "the Project") at Sostanj Thermal Power Plant.. The proposed project, which has the total estimated costs equivalent of EUR 1,100,000,000 will require, among others, the procurement of the following works and services: - Installation of the cooling water system including construction of the cooling tower; - Civil works for the main power facilities, other buildings and structure as well as preparatory works; - Installation of coal transport facilities; - Installation of facilities for disposal of ash, slag and gypsum - Installation of water preparation facilities; - Project management, engineering and consultancy services; Tendering for the above contracts is expected to begin in the last quarter of 2010. Contracts to be financed with the proceeds of the loan from the European Bank for Reconstruction and Development will be subject to the Bank's Procurement Policies and Rules and will be open to firms from any country. The proceeds of the Bank's loan will not be used for the purpose of any payment to persons or entities, or for any import of goods, if such payment or import is prohibited by a decision of the United Nations Security Council taken under Chapter VII of the Charter of the United Nations or under a law of official regulation of the Purchaser's country.

Deadline: Contact:

06 May 2011, UK time

EBRD, Yvonne Wilkinson Tel.: +44 20 7338 7123 Fax: +44 20 7338 7451 Email: [email protected]

Company / organization: Boskov Most HPP Content:

ELEM, Macedonia

AD Elektrani na Makedonija ("ELEM") intends to use the proceeds of a loan from the European Bank for Reconstruction and Development ("the Bank") to construct the 70MW Boskov Most hydro power plant in the west of FYR Macedonia. The proposed project, which has a total estimated cost of EUR 84 million, will require the procurement of the following services and works: · Owner's engineering services, including design, procurement and supervision · Extensive civil works, including access roads, powerhouse, penstock, intakes and channels · Dam construction · Tunnelling · Supply of turbines and associated electromechanical equipment Tendering for the above contract is expected to begin in the first quarter of 2011..

Deadline: Contact:

9 November 2011, 23:59 Slovenian Time

Termoelektrarna Sostanj d.o.o. Bojan Bresar, Project Manager [email protected] Tel.: +386 (0) 3 899 32 13 Fax: +386 (0) 3 588 21 62

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Balkan Energy NEWS, e-journal Company / organization: Content:

Issue No: 2011-IV/2 - issue covers period 16.4.2011-30.4.2011

EBRD, Bulgaria

Rehabilitation of the Bulgarian Power Transmission System Content:

Kozloduy International Decommissioning Support Fund Rehabilitation and Extension of the National Power Transmission System - Substations Mayak, Kavarna and Zlatitsa This invitation for Tenders follows the General Procurement Notice for this project which was published on the EBRD's Web site on 28 July 2010. The National Electric Company of Bulgaria, JSC (NEK) has received grant funds from Kozloduy International Decommissioning Support Fund, administered by the European Bank for Reconstruction and Development (EBRD) towards the cost of Rehabilitation and Extension of the National Power Transmission System. - Lot1: Construction of new substation "Mayak" 110 kV - Lot2: Rehabilitation of substation Kavarna 110/20 kV ­ Reconstruction and extension of switchyard 110 kV and switchgear 20 kV - Lot3: Rehabilitation of substation Zlatitsa 400/110/36,2/20 kV ­ Rehabilitation of switchyard 400 kV The contracts for the three different lots above will comprise: · Delivery of equipment and installation services, as required by design, · Manufacturing, erection, and all related civil works, · Commissioning, structural completion and connection of the facilities to the power supply.

The Employer now invites sealed tenders from contractors (firms or joint ventures or consortia) for the following contract to be funded from part of the proceeds of the grant: Rehabilitation of the main transformer stations and construction of new mobile ones together with the respective switchgears and connecting equipment for increasing the power supply from 6 kV to 20 kV for Troyanovo-North and Troyanovo-3 Mines at Mini Maritza Iztok EAD, Bulgaria

22 June 2011, 14:00, Bulgarian time

Deadline: Contact:

Mr. Evgeni Stoykov Executive Director "Mini Maritza Iztok" EAD 6260 Radnevo 13 Georgy Dimitrov Street Stara Zagora distr. Bulgaria Fax: + 359 417 82 417 Email: [email protected]

Company / organization:

EPS, related Serbia

EPS small HPPs project Content:

Elektroprivreda Srbije (EPS) intends using the proceeds of a loan from the European Bank for Reconstruction and Development [the Bank] for a project to rehabilitate fifteen (15) small hydro power plants (SHPPs) in Serbia, with a combined capacity of 17,8 MW, together with the construction of eight (8) new small hydro power plants on existing dams, with a combined capacity of 14,7 MW (the Project). The proposed project, which has a total estimated cost of EUR 53.5 million equivalent, will require the procurement of the following goods, works and services: · Owner's Engineering services, including design, procurement and supervision; · Extensive civil works, including access roads, powerhouse, penstock, intakes and Channels, rehabilitation works of existing facilities; · Supply of turbines and associated electromechanical equipment, gates, electrical protection and remote control systems. Tendering for the above contract is expected to begin in the third quarter of 2011. Contracts to be financed with the proceeds of a loan from the Bank will be subject to the Bank's Procurement Policies and Rules and will be open to firms from any country. The proceeds of the Bank's loan will not be used for the purpose of any payment to persons or entities, of for any import of goods, if such payment or import is prohibited by a decision of the United Nations Security Council taken under Chapter VII of the Charter of the United Nations or under a law of official regulation of the Purchaser's country.

Deadline: Contact:

28 June 2011, 12:00 Sofia time

Natsionalna Elektricheska Kompania - EAD 5 Vesletz str., Sofia 1000 Investment division Mrs. Elena Stefanova ­ fax +359 2 986 12 88 Email: [email protected]

Company / organization:

EBRD, Bosnia and Herzegovina

Rehabilitation of the main transformer stations and construction of new mobile ones, together with the respective switchgears and connecting equipment for increasing the power supply from 6 kV to 20 kV for Troyanovo-North and Troyanovo-3 Mines at Mini Maritza Iztok EAD, Bulgaria. Content:

This Invitation for Tenders follows the General Procurement Notice for this project which was published on www.ebrd.com, General Procurement Notices, Ref. 6215-GPN-17149, "Energy Efficiency Rehabilitation at the Maritza East Mines", on 24th September, 2010. "Mini Maritza Iztok" EAD (the Employer) intends applying the proceeds of a grant, provided by the "Kozloduy International Decommissioning Support Fund" (the "Fund" or the "KIDS Fund"), administered by the European Bank for Reconstruction and Development (the "Bank") and of its own financial resources towards the cost of the Rehabilitation (design, delivery, installation, testing and commissioning) of substations and construction of new power transformers for increasing the power supply from 6 kV to 20 kV for Troyanovo-North and Troyanovo-3 Mines at "Mini Maritza Iztok" EAD, Bulgaria.

Deadline: Contact:

15 April 2012, 23:59, Serbia time

Elektroprivreda Srbije (EPS) Balkanska 13, Belgrade 11000 Serbia Email: [email protected] Tel: +381 11 20 24 716 Fax: + 381 11 26 45 697

Balkan Energy NEWS - FREE SAMPLE 2011!

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Balkan Energy NEWS, e-journal Company / organization: Company / organization:

Issue No: 2011-IV/2 - issue covers period 16.4.2011-30.4.2011

EPCG, Montenegro

EBRD, related Bulgaria

EPCG Metering and Distribution Project Content:

Bulgartransgaz Silistra, Kozloduy, Oryahovo Gas Pipelines Content:

This Invitation for Tenders follows the General Procurement Notice for this project which was published on the EBRD Web Site on 4 November 2009 and updated on 25 October 2010. Montenegrin Electric Enterprise - Electroprivreda Crne Gore AD Niksi (EPCG) hereinafter referred to as the Purchaser, intends to use part of the proceeds of a loan from the European Bank for Reconstruction and Development (the Bank) towards the cost of EPCG Metering and Distribution Project. The Purchaser now invites sealed tenders from Suppliers for the following contract to be funded from part of the proceeds of the loan: Procurement of Meters and Data Concentrators. The scope of supply includes: 1. single phase meters ­ 30 000 units, 2. three phase meters ­ 144 000 units 3. CT meters ­ 1 500 units 4. data concentrators ­ 1 200 units · accompanying software for meter parameterisation (for 10 users) ­ 1. The equipment will be delivered DDU Podgorica, Berane and Bar in batches starting from August 2011 and continuing through July 2013..

General procurement notice

Bulgartransgaz EAD (the "Employer") intends to use the proceeds of the Grant funds provided by the Kozloduy International Decommissioning Support Fund (the "KIDSF"), administered by the European Bank for Reconstruction and Development (the "Bank") and its own resources to finance the cost and complete the Project for delivery and construction of high pressure gas pipeline to, and gas regulation stations in Silistra, Kozloduy and Oryiahovo. The Project will require the procurement of the following goods, works or services: A. Delivery of steel pipes and fittings for a gas pipeline. Kozloduy and Oryahovo: Delivery of about 70 km of steel pipes for high pressure gas pipeline, most of which are DN 300 (14") and other pipes of smaller diameter DN 150 as well as fittings and two gas pigging stations (launching trap and receiving trap) required for the construction of the gas pipelines. B. Delivery of gas valves. Kozloduy and Oryahovo: Delivery of gas valves for high pressure gas pipeline (ANSI 600), delivery of gas valves for high pressure gas pipeline, mainly DN 300 (14") and others of smaller diameter. C. Automatic Gas Regulation Stations (AGRS). Kozloduy and Oryahovo: Delivery, Supervision and Commissioning of two complete sets of technological equipment for the Construction of two Automatic Gas Regulation Stations. D. Construction of high pressure gas pipelines and gas regulation stations. Silistra: Construction and Commissioning of about 80 km high pressure gas pipeline, optical fiber cable line within the gas pipeline easement and an AGRS. Kozloduy and Oryahovo: Construction and Commissioning of about 70 km high pressure gas pipeline, optical fiber cable line within the gas pipeline easement and two AGRS. The estimated maximum budget for the above contracts is 17,0 million.

Deadline: Contact: 1 September 2011

Deadline: Contact:

16 May 2011, 15:00 hrs, local time

Mr. Ranko Vojinovic Director Procurement Department Electroprivreda Crne Gore 2 Vuka Karadzica St., Room No. 11 Niksi 81400 Montenegro Fax: +382 40 212 171 E-mail: [email protected]

Company / organization:

HEP, Croatia

Hydro Power Plant Ombla Content:

Hrvatska Elektroprivreda d.d. (HEP) intends to use the proceeds of loan from the European Bank for Reconstruction and Development (the Bank) to fund the construction of Ombla hydro power plant (the Project) located in Rijeka Dubrovacka bay approximately 5 km west form the town of Dubrovnik, Republic of Croatia. Total estimated cost of the project is around 130 million EUR. The majority of power plant structures should be accommodated under the ground, which requires specific construction and geotechnical work connected with drilling of large diameter wells, underground excavations (underground grout curtains), grout curtain construction, closing of underground river canal and cave conduits. Tendering for the contract is expected to begin in the second quarter of 2011..

Deadline: Contact:

14 January 2012, 23:59 Croatian time

Hrvatska elektroprivreda d.d. Mrs. Ljubica Cvenic Mr. Tomislav Pavisa [email protected] [email protected] Tel: +385 1 6322 079 ; +385 20 468 627 Fax: +385 1 6322 143 ; +385 1 20 422 978

Mr. Ivan Drenovichki Executive Director Bulgartransgaz EAD 66, Pancho Vladigerov Blvd. Sofia 1336 Bulgaria Fax : + 359 29396462 e-mail: [email protected]

Balkan Energy NEWS - FREE SAMPLE 2011!

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Balkan Energy NEWS, e-journal Company / organization: Company / organization:

Issue No: 2011-IV/2 - issue covers period 16.4.2011-30.4.2011

EBRD, Bulgaria

EBRD, related Bulgaria

Energy efficiency rehabilitation of Maritza East mines Content:

Kozloduy Nuclear Power Plant Plc Content:

General procurement notice

General procurement notice This General Procurement Notice is an update to the General Procurement Notice published on 7th August 2009, and draws attention to the following upcoming procurement activities: Complex Vehicle Weighbridge for KNPP Units 1-4 Supply of different types of containers for transport and storage of materials resulting from dismantling works Size Reduction Areas in Turbine Hall Supply of Hand Operated Equipment for Size Reduction and Decontamination Active Workshop Dismantling and Decontamination Tools and Equipment Implementation of New Pipelines Construction of Heat Generation Plant Elaboration of Environmental Impact Assessment for Heat Generation Plant Decay Storage Site for Transitional Radioactive Waste Information Centres for Decommissioning Site for Conventional Waste from Decommissioning Inventory, Treatment and Conditioning of Contaminated Soil Concrete Core Sampling Analyses Asbestos Removal Equipment Equipment for Demolishing Structures inside the Turbine Hall, Ancillary Buildings and Reactor Buildings Waste Backlog Treatment Development of management options for the storage of very low level radioactive waste The estimated total budget for the above projects is 58,000,000 Euros. Tendering for contracts to be financed from grants of the KIDSF will be in line with the EBRD Procurement Policies and Rules and will be open to firms from eligible countries as of 1 August 2010: EU member states, Switzerland and the EBRD countries of operation.

Maritza East Mines (Mini Maritza Iztok EAD, the "Employer") intends to use the proceeds of the Grant funds provided by the Kozloduy International Decommissioning Support Fund (the "KIDSF"), administered by the European Bank for Reconstruction and Development (the "Bank") towards the cost of: 1. Design, supply and installation of plant and equipment for the on-line load control of the operation of the belt conveyors and excavators at Mini Maritza Iztok EAD and rehabilitation (design, supply and installation of plant and equipment) of the power supply system: energy management of equipment through remote reading and power quality analysis at Mini Maritza Iztok EAD, Bulgaria. The procurement of the contract is expected to begin in the first quarter of 2011. B. Rehabilitation of the main transformer stations and construction of new mobile ones together with the respective switchgears and connecting equipment for increasing the power supply from 6 kV to 20 kV for Troyanovo-North Mine and Troyanovo-3 Mine of Mini Maritza Iztok EAD, Bulgaria. The procurement of the contract is expected to begin in the first quarter of 2011. Procurement will be carried out in accordance with EBRD Procurement Policies and Rules with the exception of country eligibility restrictions defined within the KIDSF rules and will be open to Tenderers from eligible countries as of 1 September 2010: the EU member states, Switzerland and the EBRD's countries of operation. All goods and services must also originate from an eligible country.

Deadline: Contact: 24 September 2011

Mr. Todor Todorov, Executive Director Mini Maritza Iztok EAD, 6260 Radnevo 13 Georgy Dimitrov Str. Stara Zagora district, Bulgaria Fax : + 359 417 82417 Email: [email protected]

Deadline: Contact:

9 August 2011

Mr. John Bourke KPMU Commercial Manager Kozloduy Nuclear Power Plant Kozloduy Bulgaria Fax. + 359 973 7 4508 E-mail: [email protected]

Balkan Energy NEWS - FREE SAMPLE 2011!

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Balkan Energy NEWS, e-journal Company / organization:

Issue No: 2011-IV/2 - issue covers period 16.4.2011-30.4.2011

EBRD, Romania

Stejaru HPP Rehabilitation Project Content:

S.C. Hidroelectrica S.A. ("Hidro") intends using the proceeds of a loan from the European Bank for Reconstruction and Development (the "Bank") to fund the rehabilitation and modernization of Stejaru hydro power plant (the "Project"). The Project, which has a total estimated cost of around EUR 110 million, will require the procurement of the goods, works and services to be used to: · Replace of the electromechanical equipment for the 6 units, i.e. turbines, generators and related auxiliary systems; · Rehabilitate or replacing the hydro-mechanical equipment and penstocks; · Upgrade the electrical equipment, instrumentation and control system, SCADA of the power plant; · Rehabilitate the 110 kV and 220 kV substations; and · Consulting services to support the Project Implementation Unit

Deadline: Contact:

27 July 2011

S.C. HIDROELECTRICA S.A. Bucharest, 3 Constantin Nacu Street, Sector 2, 020995 Romania Telephone: +4021 3032500 Fax: +4021 3032564 Email: [email protected]

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