Turkey’s Karpower International (Karpowership) has signed a memorandum of understanding (MoU) with state-owned trader JSC Energy Company of Ukraine (ECU) to enhance the country’s electricity supply and accelerate the use of...
Read MoreThe European Investment Bank (EIB) and Greece's Independent Power Transmission Operator (IPTO), Anexartitos Diacheiristis Metaforas Ilektrikis Energeias (ADMIE), have signed a long-term loan agreement of EUR108 million, using...
Read MoreGermany’s development bank Kreditanstalt für Wiederaufbau (KfW) will grant EUR8.5 million to Serbia for the construction of the fourth section of the Trans-Balkan Electricity Corridor by state-owned transmission system operator...
Read MoreThe European Bank for Reconstruction and Development (EBRD) is considering lending EUR15.58 million to Bosnian state-owned transmission system operator (TSO), Elektroprenos BiH, known as TransCo, to support the latter’s EUR30.1...
Read MoreThe European Bank for Reconstruction and Development (EBRD) is considering lending EUR15.58 million to Bosnian state-owned transmission system operator (TSO), Elektroprenos BiH, known as TransCo, to support the latter’s EUR30.1...
Read MoreThe Finnish Ministry of Economic Affairs and Employment has granted three of Fingrid’s main grid projects a total of approximately EUR25 million in Recovery Resilience Facility (RRF) funding. The projects that received the...
Read MorePortuguese transmission system operator (TSO), Redes Energéticas Nacionais (REN), has entered into a 12-year financing agreement with the European Investment Bank (EIB) for EUR300 million. The aim of the agreement is to support...
Read MoreGermany’s development bank Kreditanstalt für Wiederaufbau (KfW) has signed a loan agreement with Ukraine’s Ukrenergo for EUR32.5 million, under the new project ‘Improvement of the Efficiency of Electricity Transmission...
Read MoreThe European Investment Bank (EIB) has signed agreements with the Polish state-owned utility Polska Grupa Energetyczna (PGE) and the Czech energy utility ČEZ to support the modernisation of the distribution networks of both...
Read MoreThe European Union (EU) has announced that it would allocate EUR2.3 billion for the Black Sea Strategic Submarine Electricity Cable connecting the Georgian and Romanian electric grids. The funding is part of the larger Economic...
Read MoreThe European Union’s (EU) member countries have agreed to European Commission’s (EC) proposal to award funds worth EUR602 million for developing eight cross-border energy infrastructure projects under Connecting Europe Facility...
Read MoreThe US has announced a grant worth USD53 million to Ukraine, to support the purchase of power grid equipment and rebuild its energy infrastructure, which has been damaged by the ongoing conflict with Russia. The grant package,...
Read MoreLithuanian state-owned Eastern Shires Purchasing Organisation Group (EPSO-G) has completed the acquisition of around one-third of the shares in Norwegian company TSO Holding AS, thus increasing its shareholding to 39.6 per cent....
Read MoreThe German government plans to restart talks with the Netherlands for a possible investment in the German transmission system operator (TSO) of the Dutch-state-owned TenneT. The government already has a minority stake in another...
Read MoreThe UK’s energy group, SSE Plc (formerly Scottish and Southern Energy Plc), has agreed to sell a 25 per cent stake in its electricity transmission network business, SSEN Transmission, to Ontario Teachers' Pension Plan Board for...
Read MoreThe European Bank for Reconstruction and Development (EBRD) approved financing worth EUR372 million to assist Ukrenergo, Ukraine's electricity transmission system operator (TSO), in making quick emergency repairs to damage...
Read MoreThe European Bank for Reconstruction and Development (EBRD) has announced the approval of a short-term revolving working capital facility up to EUR25 million for Slovenia’s state-owned electricity transmission operator,...
Read MoreThe UK-based subsea engineering, construction and services company, Seaway 7 (the renewables business unit of Subsea 7 S.A), has signed a contract with Moray Offshore Windfarm (West) Limited for the supply and installation of...
Read MoreHitachi’s grid business subsidiary, Hitachi Energy and Norwegian state-owned multinational energy company, Equinor, have announced a strategic collaboration agreement to work together on electrification, renewable energy...
Read MoreFinnish engineering company, Caverion, has signed an agreement to purchase Finland-based TM Voima Group’s the substation and power line business in Finland and Estonia, excluding its wind power business. The acquisition includes...
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