energy news in southeast europe twice in a month № 2008 ... · » oil refi nery in pancevo and...

Analysis:

» Process of tender procedure for construction of NPP Belene

News headlines

Regional:

» Seven natural gas companies to start feasibility study on regional gas company

Albania:

» Ashta HPP tender soon » Beginning of privatization of KESH » 15 companies interested in ARMO » 45% output drop in 2007

Bosnia and Herzegovina:

» Construction of TPP Stanari to start in May » The project for construction of units 2 in TPP Gacko on hold » Statkraft to build four HPPs on Vrbas River » Considerable reduction in profi t for HPP Visegrad » Study of development of EP ZHB presented » The construction of small HPPs to start this spring » Government approved Draft energy strategy

Bulgaria:

» CEZ to build two 440 units in TPP Varna » Fuel distributor Petrol reported loss in 2007 » Maritsa Iztok mining company demands increase in coal prices » RWE and Electrabel entered fi nal stage in tender for NPP Belene » Bulgargaz demanded 32.07 % increase in natural gas prices » AES to start construction of wind park in Kavarna in this year » TPP Bobov Dol off ered for sale once again » Bulgaria resumed electricity export in March » TPP Maritsa Iztok 3 continues installation of desulphurization

equipment

Croatia:

» President of the state in favor of construction of nuclear power plants » Increase in electricity prices after July » INA reported 120 million euros of consolidated profi t » INA to take over fuel distributor Krajinapetrol » INA to become a part of Adria LNG consortium » Dalekovod to build power line in Norway » Presidents Mesic and Dodik argue over TPP Gacko » New wind farm to be built near Knin

Energy News in Southeast Europe

twice in a month

№ 2008-III/1 • 16.3.2008

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Balkan Energy Solutions Team does not warranty the accuracy of the pub-lished data contained in this document, although Balkan Energy Solutions Team did great eff orts to collect the data from the respectable and accu-rate sources.

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2

Issue No: 2007-III/1Balkan Energy NEWS, e-journal Issue No: 2008-III/1 - issue covers period 1.3.2008-16.3.2008

Greece:

» Pressures from EU regarding lignite monopoly » French EDF to build 30 MW wind farm » Strike resulted powercuts across country

Macedonia:

» TPP Negotino started with production » 9 companies applied on call for electricity import » Delays in AMBO pipeline » CHPP „Energetika” tender announced » Cash penalty to EVN within next week » Electricity resumed to Silmak » Tender for estimation of lignite reserves soon

Montenegro:

» Second phase of renewal of HPP Piva started » EPCG reduced losses to 22.76 %, 17.2 million euros of savings » Only ten bids accepted in tender for construction of small

HPPs » Government approved privatization model for EPCG, 55 %

stake to remain state owned » Regulator to reject request of EPCG for increase in electricity

price

Romania:

» Privatization of small HPPs to fi nish in 2008 » Energy complex Craiova to deliver 1.85 TWh of electricity to

Petrom » 25 % reduction in heat energy consumption in the last three

years » Report on energy resources in January » Natural gas distributors announced increase in prices » ANRE granted electricity trading license to Distrigaz Sud » Government to select six companies to take part in construc-

tion of units 3 and 4 in NPP Cernavoda

Serbia:

» Book value of EPS estimated at 6.7 billion euros » EPS to invest funds in joint venture HPP Gornja Drina » Energy minister announced continuation of South stream

project. Russia expressed concerns » Tenders for new thermal power plants to be launched in

March » Oil refi nery in Pancevo and Petrochemical factory shutdown

due to environmental pollution

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

3


4


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

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

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

Power exchanges data:

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 241.3.2008 1148 1074 1055 1060 1064 1096 1158 1261 1399 1468 1463 1412 1417 1441 1442 1411 1445 1534 1608 1611 1548 1476 1375 12372.3.2008 1118 1034 1022 1000 1008 1022 1150 1244 1368 1432 1463 1445 1445 1411 1377 1342 1346 1412 1619 1657 1618 1508 1382 12343.3.2008 1153 1125 1110 1108 1122 1203 1355 1489 1598 1663 1579 1540 1520 1515 1514 1476 1435 1542 1754 1755 1721 1632 1536 14294.3.2008 1374 1326 1322 1323 1301 1347 1539 1722 1844 1904 1860 1867 1884 1910 1917 1875 1850 1963 2053 2031 1950 1882 1680 15955.3.2008 1463 1331 1310 1309 1305 1372 1598 1718 1884 1889 1866 1898 1875 1926 1915 1938 1886 1982 2097 2107 2021 1923 1844 16676.3.2008 1507 1371 1361 1361 1368 1403 1555 1758 1861 1910 1927 1925 1955 1938 1959 1938 1913 1990 2235 2200 2106 2007 1835 16577.3.2008 1339 1267 1209 1198 1186 1224 1388 1578 1697 1751 1749 1723 1749 1808 1829 1792 1752 1787 1908 1953 1877 1781 1637 14428.3.2008 1294 1231 1197 1173 1178 1213 1304 1459 1634 1707 1707 1686 1645 1660 1659 1599 1571 1668 1859 1848 1800 1679 1545 14639.3.2008 1419 1282 1279 1289 1256 1273 1355 1477 1593 1707 1737 1729 1754 1681 1643 1600 1604 1679 1898 1940 1897 1806 1603 1459

10.3.200811.3.2008 1378 1305 1279 1252 1248 1325 1451 1697 1773 1798 1752 1740 1729 1759 1783 1736 1731 1787 1943 1941 1866 1796 1665 147912.3.2008 1374 1278 1247 1232 1221 1306 1443 1656 1702 1717 1678 1637 1611 1618 1569 1551 1546 1586 1866 1913 1849 1755 1601 141513.3.2008 1366 1293 1258 1239 1244 1317 1484 1704 1789 1798 1787 1750 1774 1767 1776 1709 1688 1731 2095 2115 2049 1840 1750 155014.3.2008 1428 1342 1319 1304 1286 1351 1520 1706 1775 1749 1697 1670 1629 1623 1590 1560 1550 1637 1822 1851 1807 1727 1591 142015.3.2008 1321 1220 1213 1209 1207 1226 1320 1475 1610 1655 1644 1606 1605 1569 1607 1621 1561 1618 1847 1879 1824 1716 1581 1416

Average: 1334 1249 1227 1218 1214 1263 1401 1567 1681 1725 1708 1688 1685 1688 1684 1653 1634 1708 1900 1914 1852 1752 1616 1462

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 241.3.2008 1168 1097 1093 1079 1079 1136 1189 1305 1439 1466 1458 1435 1430 1492 1483 1473 1488 1557 1644 1646 1567 1478 1374 12382.3.2008 1167 1063 1048 1017 1026 1044 1096 1243 1378 1468 1486 1451 1436 1400 1345 1342 1358 1472 1707 1706 1660 1561 1414 12383.3.2008 1138 1056 1041 1020 1025 1125 1296 1463 1559 1558 1492 1458 1447 1478 1457 1426 1407 1491 1715 1699 1629 1547 1440 12454.3.2008 1110 1052 1050 1031 1047 1122 1263 1451 1552 1580 1553 1546 1559 1589 1587 1587 1574 1670 1750 1728 1676 1603 1469 13435.3.2008 1207 1123 1084 1088 1120 1197 1351 1493 1609 1600 1597 1614 1578 1659 1631 1671 1619 1710 1819 1814 1765 1679 1583 14146.3.2008 1285 1167 1115 1104 1096 1166 1309 1519 1624 1634 1644 1637 1672 1701 1701 1672 1661 1726 1856 1814 1773 1671 1572 14197.3.2008 1277 1209 1124 1104 1109 1187 1329 1510 1617 1673 1657 1641 1657 1745 1747 1712 1668 1696 1839 1827 1750 1663 1568 14338.3.2008 1317 1216 1138 1113 1122 1175 1270 1408 1580 1655 1638 1601 1602 1613 1598 1535 1520 1615 1818 1790 1718 1595 1477 13659.3.2008 1276 1170 1139 1121 1096 1137 1155 1300 1442 1544 1533 1532 1518 1502 1452 1431 1439 1519 1755 1782 1709 1608 1440 1289

10.3.200811.3.2008 1190 1118 1071 1050 1057 1152 1294 1484 1560 1576 1543 1531 1526 1572 1573 1526 1522 1576 1746 1735 1671 1600 1472 131012.3.2008 1198 1108 1077 1064 1066 1153 1278 1469 1522 1515 1469 1422 1398 1445 1422 1381 1371 1406 1723 1747 1658 1554 1448 130313.3.2008 1167 1079 1053 1038 1046 1116 1287 1473 1558 1562 1563 1523 1522 1538 1540 1489 1459 1517 1730 1749 1679 1589 1493 131814.3.2008 1178 1110 1083 1063 1045 1139 1286 1477 1569 1532 1517 1471 1427 1446 1421 1395 1403 1438 1660 1700 1634 1536 1429 124915.3.2008 1153 1061 1020 995 1013 1044 1156 1300 1438 1462 1447 1412 1408 1449 1437 1430 1412 1436 1706 1732 1638 1538 1387 1246

Average: 1202 1116 1081 1063 1068 1135 1254 1421 1532 1559 1543 1520 1513 1545 1528 1505 1493 1559 1748 1748 1681 1587 1469 1315

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 241.3.2008 -20 -23 -38 -19 -15 -40 -31 -44 -40 2 5 -23 -13 -51 -41 -62 -43 -23 -36 -35 -19 -2 1 -12.3.2008 -49 -29 -26 -17 -18 -22 54 1 -10 -36 -23 -6 9 11 32 0 -12 -60 -88 -49 -42 -53 -32 -43.3.2008 15 69 69 88 97 78 59 26 39 105 87 82 73 37 57 50 28 51 39 56 92 85 96 1844.3.2008 264 274 272 292 254 225 276 271 292 324 307 321 325 321 330 288 276 293 303 303 274 279 211 2525.3.2008 256 208 226 221 185 175 247 225 275 289 269 284 297 267 284 267 267 272 278 293 256 244 261 2536.3.2008 222 204 246 257 272 237 246 239 237 276 283 288 283 237 258 266 252 264 379 386 333 336 263 2387.3.2008 62 58 85 94 77 37 59 68 80 78 92 82 92 63 82 80 84 91 69 126 127 118 69 98.3.2008 -23 15 59 60 56 38 34 51 54 52 69 85 43 47 61 64 51 53 41 58 82 84 68 989.3.2008 143 112 140 168 160 136 200 177 151 163 204 197 236 179 191 169 165 160 143 158 188 198 163 170

10.3.200811.3.2008 188 187 208 202 191 173 157 213 213 222 209 209 203 187 210 210 209 211 197 206 195 196 193 16912.3.2008 176 170 170 168 155 153 165 187 180 202 209 215 213 173 147 170 175 180 143 166 191 201 153 11213.3.2008 199 214 205 201 198 201 197 231 231 236 224 227 252 229 236 220 229 214 365 366 370 251 257 23214.3.2008 250 232 236 241 241 212 234 229 206 217 180 199 202 177 169 165 147 199 162 151 173 191 162 17115.3.2008 168 159 193 214 194 182 164 175 172 193 197 194 197 120 170 191 149 182 141 147 186 178 194 170

Average: 132 132 146 155 146 128 147 146 149 166 165 168 172 143 156 148 141 149 153 167 172 165 147 147

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

0

500

1000

1500

2000

2500

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

MW

h ProductionConsumption

Bosnia and Herzegovina: Average hourly export in last 15 days

0

20

40

60

80

100

120

140

160

180

200

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

Hour

MW

h

5


Greece: Electricity consumption in last 15 days (MWh)

Greece: System Marginal Prices in last 15 days

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

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 241.3.2008 5370 4940 4900 4720 4550 4500 4640 5000 5580 6200 6500 6630 6720 6650 6200 5940 6000 6000 6700 7300 7100 6640 6000 57402.3.2008 5230 4880 4800 4580 4400 4350 4400 4480 4820 5300 5700 6030 6040 5900 5300 5120 5300 5400 6040 6700 6770 6520 5970 57003.3.2008 5050 4600 4660 4420 4320 4400 4950 5800 6450 6950 6950 6950 6950 6920 6730 6470 6420 6400 6950 7630 7610 7130 6280 59304.3.2008 5030 4550 4530 4380 4300 4400 4880 5690 6280 6700 6700 6720 6730 6700 6480 6220 6220 6280 7000 7670 7620 7030 6200 58005.3.2008 4990 4550 4490 4350 4270 4340 4820 5610 6260 6740 6730 6780 6800 6700 6500 6250 6150 6100 6550 7240 7300 6900 6170 56506.3.2008 5060 4640 4560 4400 4300 4390 4830 5620 6270 6750 6780 6800 6870 6840 6500 6300 6240 6300 6800 7400 7280 6940 6200 57007.3.2008 5060 4620 4560 4400 4330 4400 4900 5820 6350 6800 6850 6900 6900 6750 6500 6350 6270 6300 6850 7400 7440 6900 6150 58008.3.2008 5140 4700 4600 4430 4300 4270 4380 4720 5300 5980 6220 6500 6600 6480 6020 5740 5760 5800 6330 6900 6830 6540 5900 56009.3.2008 5100 4650 4540 4350 4200 4120 4120 4220 4600 5050 5500 5830 6000 5840 5130 4900 4900 5000 5520 6200 6200 5980 5640 5450

10.3.2008 5000 4550 4520 4330 4150 4100 4040 4150 4650 5220 5440 5300 5100 4900 4520 4600 4800 4880 5550 6200 6250 5930 5450 522011.3.2008 4780 4350 4340 4120 4100 4200 4700 5500 6300 6700 6800 6900 6950 6880 6600 6330 6300 6400 6900 7550 7500 6940 6200 580012.3.2008 4950 4550 4550 4400 4300 4440 4860 5700 6300 6700 6800 6900 6950 6800 6600 6250 6140 6100 6600 7300 7300 6950 6200 580013.3.2008 4900 4440 4400 4230 4200 4330 4750 5550 6220 6640 6600 6660 6700 6600 6330 6200 6200 6300 6700 7330 7300 6760 6050 570014.3.2008 5000 4500 4400 4300 4200 4330 4740 5550 6250 6650 6650 6700 6700 6630 6340 6200 6200 6250 6700 7400 7380 6800 6100 573015.3.2008 5140 4700 4600 4460 4300 4300 4400 4840 5440 5860 6200 6400 6500 6470 6000 5750 5750 5800 6300 7150 7000 6550 5930 5600

Average: 5053 4615 4563 4391 4281 4325 4627 5217 5805 6283 6428 6533 6567 6471 6117 5908 5910 5954 6499 7158 7125 6701 6029 5681

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 241.3.2008 85.30 59.60 59.60 59.60 56.27 56.27 56.27 59.60 79.15 85.32 85.30 85.35 85.35 85.30 85.30 79.16 79.59 79.59 87.36 92.00 90.56 90.56 61.82 61.822.3.2008 36.31 59.60 56.27 32.84 32.84 32.84 32.84 33.65 37.16 56.27 59.60 59.61 61.82 61.82 56.27 37.80 56.27 56.27 61.82 87.20 79.60 79.60 59.60 59.603.3.2008 59.60 32.99 37.16 32.84 32.84 32.84 56.27 61.82 87.20 87.20 87.20 87.20 87.20 87.20 79.59 87.20 87.20 87.20 87.20 87.20 87.20 87.20 61.82 61.824.3.2008 61.82 61.82 61.82 59.60 59.60 59.60 61.82 87.20 92.15 92.00 92.00 92.00 92.00 87.37 93.73 87.28 92.00 92.00 92.15 93.75 92.15 92.15 87.20 87.205.3.2008 56.27 32.84 32.84 32.84 32.62 32.84 56.27 61.82 79.15 61.82 61.82 79.15 79.15 61.82 61.82 61.82 61.82 61.82 61.82 87.36 79.15 79.15 61.82 59.606.3.2008 56.27 56.27 37.16 32.99 32.99 33.53 56.27 61.82 79.16 79.15 87.36 79.59 79.59 79.59 61.82 79.15 61.82 61.82 79.15 87.36 79.59 79.59 61.82 59.607.3.2008 59.60 56.27 56.27 33.65 33.53 33.65 59.60 79.15 79.15 79.15 87.36 79.59 87.36 79.16 79.15 79.15 61.82 79.15 79.15 87.36 79.59 79.60 61.82 59.618.3.2008 59.60 56.27 56.27 34.17 33.53 33.53 36.31 56.27 59.60 61.82 61.82 61.82 61.82 61.82 61.82 59.61 59.61 59.61 61.82 61.82 61.82 61.82 59.61 59.609.3.2008 56.27 56.27 56.27 56.27 56.27 33.65 33.65 56.27 59.60 56.27 59.60 59.60 59.60 59.60 56.27 56.27 56.27 56.27 59.60 59.60 59.60 59.60 59.61 59.60

10.3.2008 56.27 59.60 56.27 56.27 34.17 33.65 33.53 56.27 56.27 59.60 59.60 59.60 56.27 56.27 33.53 56.27 56.27 56.27 59.60 59.60 59.60 59.60 59.60 59.6011.3.2008 61.82 56.27 56.27 33.65 33.65 56.27 59.60 61.82 91.95 87.37 91.95 87.37 90.56 90.56 87.36 79.59 79.59 79.59 91.95 91.95 79.17 79.59 79.15 61.8212.3.2008 61.82 56.27 59.60 56.27 56.27 56.27 59.60 79.16 87.36 79.59 90.56 90.56 90.56 79.15 87.36 79.15 79.15 79.15 91.95 91.95 79.59 87.36 61.82 61.8213.3.2008 59.60 56.27 56.27 33.53 33.53 56.27 59.60 61.82 79.15 79.15 79.15 79.16 79.17 79.15 79.15 61.82 61.82 61.82 79.15 87.36 79.15 61.82 61.82 59.6114.3.2008 59.60 33.65 33.67 32.99 32.84 33.65 56.27 61.82 61.82 79.15 79.15 79.15 79.16 61.82 61.82 61.82 61.82 61.82 79.15 79.59 79.59 79.16 61.82 59.61

15.3.2008 59.60 56.27 56.27 56.27 33.53 33.65 36.31 59.60 59.60 59.61 61.82 61.82 61.82 61.82 61.82 59.60 59.61 59.61 61.82 61.82 61.82 61.82 61.82 59.60Average: 59.32 52.68 51.47 42.92 39.63 41.23 50.28 62.54 72.56 73.56 76.29 76.10 76.76 72.83 69.79 68.38 67.64 68.80 75.58 81.06 76.55 75.91 64.08 62.03

Greece: Average hourly consumption in last 15 days

1000

2000

3000

4000

5000

6000

7000

8000

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

Hour

MW

h

1.3.2008 2.3.2008 3.3.2008 4.3.2008 5.3.2008 6.3.2008 7.3.2008 8.3.2008 9.3.2008 10.3.2008 11.3.2008 12.3.2008 13.3.2008 14.3.2008 15.3.2008Montenegro - Albania 2402 2125 2215 2437 2193 2518 2954 2825 3056 2520 2688 3086 2785 3108 3249Montenegro - BiH -3159 -1992 -1107 -2730 -2154 -1801 -4618 -4090 -4898 -3736 -3730 -3597 -1100 -1665 -4178Montenegro - Serbia -4016 -4469 -5292 -6137 -4258 -3288 -3966 -4804 -3178 -4281 -3712 -5649 -4887 -4453 -3970Total -4774 -4336 -4184 -6429 -4220 -2571 -5630 -6069 -5020 -5496 -4753 -6160 -3202 -3010 -4899

6


Montenegro: Electricity export in last 15 days (MWh)

Romania: Electricity consumption in last 15 days (MWh)

Gray block: Daily consumption (in GWh)Red line: Maximal daily load (in MW)Blue line: Minimal daily load (in MW)(source: TSO EPCG)

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 241.3.2008 -348 -323 -300 -286 -269 -271 -293 -53 -7 -29 -184 -251 -306 -314 -318 -318 -303 -71 -70 -120 -116 -24 -56 -1462.3.2008 -185 -247 -302 -294 -279 -266 -299 -317 -225 -153 -132 -146 -157 -136 -154 -234 -252 -95 -56 -54 -42 -60 -78 -1723.3.2008 -315 -289 -249 -255 -245 -251 -175 -72 -60 -77 -138 -196 -219 -220 -218 -218 -198 -122 -86 -92 -101 -104 -109 -1784.3.2008 -218 -314 -281 -262 -255 -269 -283 -282 -291 -316 -310 -307 -309 -318 -308 -332 -319 -233 -70 -81 -125 -298 -313 -3385.3.2008 -309 -290 -272 -265 -251 -257 -262 -253 -201 -198 -194 -189 -183 -191 -201 -199 -128 -50 -33 -18 -62 -56 -59 -976.3.2008 -207 -235 -271 -246 -244 -231 -188 -110 -81 -95 -60 -78 9 -46 -21 -26 5 -18 2 -17 -20 -12 -112 -2697.3.2008 -252 -201 -185 -166 -173 -174 -216 -252 -276 -292 -280 -297 -301 -304 -304 -310 -297 -201 -46 -67 -119 -273 -335 -3098.3.2008 -264 -235 -204 -198 -191 -190 -219 -247 -262 -245 -241 -243 -263 -273 -299 -302 -295 -318 -232 -202 -290 -317 -284 -2559.3.2008 -219 -192 -162 -146 -137 -142 -177 -220 -230 -243 -246 -245 -228 -247 -235 -240 -257 -278 -118 -48 -112 -324 -305 -271

10.3.2008 -226 -182 -149 -148 -143 -154 -211 -250 -261 -242 -265 -247 -267 -271 -251 -258 -261 -244 -163 -190 -228 -299 -301 -28411.3.2008 -220 -181 -164 -158 -167 -173 -211 -264 -265 -275 -288 -305 -284 -269 -275 -244 -209 -110 54 -12 -24 -96 -263 -35112.3.2008 -308 -280 -257 -244 -232 -241 -285 -316 -330 -334 -298 -249 -274 -271 -267 -275 -287 -321 -147 -116 -163 -117 -204 -34613.3.2008 -302 -293 -271 -260 -261 -270 -310 -164 -77 -73 -69 -105 -95 -84 -95 -99 -98 -118 -80 -36 25 -13 -3 -5214.3.2008 -185 -138 -103 -99 -109 -108 -155 -138 -145 -149 -208 -214 -189 -187 -194 -207 -197 55 6 -10 -16 -16 -130 -17315.3.2008 -221 -179 -150 -142 -158 -148 -170 -215 -248 -257 -267 -262 -258 -266 -252 -234 -226 -241 -100 15 -101 -269 -273 -278Average: -252 -238 -221 -211 -208 -210 -230 -210 -197 -199 -212 -222 -222 -226 -226 -233 -222 -158 -76 -70 -100 -152 -188 -235

Montenegro: Average Hourly exports in last 15 days

-300

-250

-200

-150

-100

-50

01 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

Hour

MW

h

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 241.3.2008 6010 5870 5735 5703 5744 5853 5956 6132 6388 6527 6584 6569 6515 6355 6276 6213 6221 6345 6847 7189 7179 6897 6534 61102.3.2008 5914 5713 5592 5546 5579 5614 5480 5498 5624 5663 5678 5650 5622 5646 5537 5546 5587 5841 6504 6827 6790 6537 6217 58353.3.2008 5618 5410 5339 5337 5381 5569 6089 6683 7006 7114 7096 6983 6927 6828 6701 6525 6516 6601 7209 7705 7650 7257 6757 63524.3.2008 5965 5750 5638 5629 5671 5792 6270 6757 7018 7083 7067 6998 6949 6950 6783 6588 6518 6546 7146 7704 7668 7298 6792 63555.3.2008 6047 5853 5759 5747 5779 6017 6488 6955 7326 7386 7344 7275 7224 7254 7121 6854 6757 6861 7456 7909 7812 7427 6935 64616.3.2008 6215 6108 6000 5917 5992 6186 6563 7119 7482 7632 7612 7550 7509 7550 7345 7183 7085 7150 7619 8046 7974 7586 7063 66287.3.2008 6256 5998 5839 5826 5855 6089 6463 6990 7362 7507 7446 7397 7338 7338 7147 6967 6939 7060 7378 7706 7716 7299 6808 62778.3.2008 6248 6064 5924 5832 5823 5974 5987 6010 6169 6312 6367 6342 6268 6235 6174 6184 6268 6513 6958 7194 7053 6723 6305 59449.3.2008 5809 5634 5554 5509 5484 5547 5411 5337 5559 5646 5697 5667 5671 5715 5634 5559 5650 5862 6505 6825 6788 6534 6149 5752

10.3.2008 5600 5394 5290 5240 5319 5488 6103 6659 7101 7208 7218 7129 7042 7023 6881 6676 6565 6644 7228 7724 7668 7277 6769 636111.3.2008 6086 5843 5745 5709 5714 5967 6360 6842 7182 7270 7235 7152 7105 7140 7014 6849 6808 6913 7321 7793 7727 7359 6840 638012.3.2008 6024 5818 5721 5681 5677 5883 6362 6823 7137 7136 7123 7080 6938 6894 6822 6621 6537 6660 7222 7726 7642 7203 6724 614113.3.2008 6015 5890 5774 5744 5770 5972 6403 6821 7161 7298 7255 7172 7116 7123 7021 6846 6760 6849 7237 7767 7720 7307 6817 636114.3.2008 6067 5908 5799 5779 5795 5940 6198 6729 7094 7236 7188 7165 7151 7124 6940 6841 6774 6866 7274 7790 7717 7359 6854 644515.3.2008 6025 5921 5783 5767 5828 5908 5886 6031 6274 6400 6394 6312 6275 6247 6159 6145 6102 6197 6734 7185 7056 6743 6343 5945

Average: 5993 5812 5699 5665 5694 5853 6135 6492 6792 6894 6887 6829 6777 6762 6637 6506 6472 6594 7109 7539 7477 7120 6660 6223

7


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

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

Opcom, Romania: Prices in last 15 days

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 241.3.2008 528 528 528 528 528 538 589 651 669 668 668 670 668 668 668 668 667 669 669 674 672 672 615 5032.3.2008 483 483 503 504 514 524 532 623 628 628 628 631 631 628 628 628 628 628 628 628 628 628 590 5013.3.2008 584 584 581 582 608 611 765 887 901 900 900 902 904 904 899 899 894 896 896 896 871 860 714 6624.3.2008 707 707 707 707 706 706 800 951 961 959 959 961 959 959 959 959 959 961 961 961 949 949 851 7995.3.2008 692 692 692 682 685 682 837 951 991 989 989 991 989 989 989 989 984 986 986 986 944 944 821 6976.3.2008 644 644 644 644 614 614 835 899 887 919 919 919 919 919 919 919 914 882 882 882 894 887 722 6147.3.2008 724 724 724 724 724 694 875 954 959 959 959 959 959 944 944 944 944 944 944 944 939 939 802 7038.3.2008 704 704 704 704 704 704 798 862 871 871 872 872 872 872 872 872 872 872 872 872 862 862 813 7489.3.2008 648 648 656 656 656 656 669 783 810 812 812 816 816 812 812 812 812 811 812 812 802 802 775 689

10.3.2008 695 695 724 724 723 723 867 889 914 914 914 914 914 914 914 914 909 909 909 909 881 909 761 69611.3.2008 594 598 602 607 611 611 832 879 884 884 884 884 884 859 859 859 854 854 854 854 845 867 671 62812.3.2008 577 577 577 577 577 577 798 894 934 934 934 934 934 909 909 909 904 904 904 904 864 894 686 65113.3.2008 552 552 552 552 554 552 794 875 915 915 915 915 915 890 890 890 885 885 885 885 845 872 671 62214.3.2008 759 758 775 786 786 791 878 925 930 930 930 930 930 910 910 910 909 909 906 908 905 934 816 80115.3.2008 590 596 596 596 596 596 598 651 651 651 651 651 651 651 651 651 657 656 656 658 656 656 651 630

Average: 632 633 638 638 639 639 764 845 860 862 862 863 863 855 855 855 853 851 851 852 837 845 731 663

Romania: Average consumption in last 15 days

0

1000

2000

3000

4000

5000

6000

7000

8000

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

MW

h

Romania: Average hourly net export in last 15 days

0

100

200

300

400

500

600

700

800

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

MW

h

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 241.3.2008 609 665 665 677 667 629 577 542 549 601 595 576 547 521 558 607 621 613 735 835 752 641 552 5572.3.2008 643 639 584 550 573 599 582 642 634 622 616 615 589 577 546 503 444 488 641 650 622 565 541 5143.3.2008 468 494 437 420 441 551 543 516 494 488 500 530 459 512 495 440 423 435 500 439 448 490 419 4754.3.2008 490 509 538 551 529 452 425 531 510 559 570 605 524 548 535 518 535 546 467 412 481 461 468 5415.3.2008 556 521 541 547 533 489 560 580 637 581 599 652 617 631 608 625 640 596 481 459 469 511 487 5926.3.2008 501 497 495 490 487 431 479 585 608 603 615 617 590 604 666 664 687 577 511 497 502 554 504 5237.3.2008 413 533 534 544 541 547 549 603 612 603 603 627 601 614 673 659 661 597 504 455 454 522 531 6018.3.2008 482 475 489 470 458 446 495 478 530 564 559 547 553 558 594 613 591 487 395 504 474 485 445 5449.3.2008 533 487 425 411 412 422 413 474 489 520 544 554 575 585 572 564 531 564 616 473 461 550 510 475

10.3.2008 508 533 490 506 496 554 588 451 525 484 491 519 533 543 564 605 616 562 470 436 469 466 434 57211.3.2008 578 552 549 547 566 582 603 626 726 745 798 769 743 750 702 639 648 653 753 713 724 680 659 56312.3.2008 578 552 549 547 566 582 603 626 726 745 798 769 743 750 702 639 648 653 753 713 724 680 659 56313.3.2008 643 564 524 529 541 552 522 584 689 698 700 710 754 679 715 685 705 697 699 653 644 681 604 54814.3.2008 624 707 682 721 713 660 660 647 758 791 760 741 756 762 752 645 745 720 808 754 716 696 651 59415.3.2008 718 519 494 469 475 489 466 375 407 448 547 539 535 516 516 524 547 575 647 700 665 572 531 502

Average: 556 550 533 532 533 532 538 551 593 603 620 625 608 610 613 595 603 584 599 580 574 570 533 544

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 241.3.2008 51.72 23.26 21.89 21.89 21.89 21.89 21.89 21.89 27.36 27.36 27.36 30.10 30.10 30.10 30.10 27.36 27.36 27.36 35.57 41.04 38.31 32.83 30.10 27.362.3.2008 24.95 21.47 16.10 16.10 21.03 21.47 21.47 16.10 26.83 26.83 26.83 26.83 25.49 21.47 21.47 21.47 21.47 21.47 26.83 33.54 33.54 26.83 26.56 21.473.3.2008 16.10 16.10 16.10 16.10 16.10 18.51 34.75 46.96 52.32 59.03 56.38 53.40 48.33 49.64 48.33 45.48 34.88 37.56 62.01 70.03 69.28 53.70 48.60 45.884.3.2008 42.96 40.25 34.91 34.91 34.91 46.42 50.98 50.98 64.40 59.30 56.38 53.40 49.37 49.37 48.33 48.30 48.30 48.30 63.06 72.18 70.03 56.35 49.11 48.305.3.2008 45.19 29.24 29.24 29.24 27.91 29.77 45.19 47.85 53.17 58.75 55.86 53.17 48.92 49.18 47.88 47.85 47.85 47.88 63.80 71.51 69.38 55.83 48.68 46.526.3.2008 34.83 29.47 29.47 28.13 29.47 32.15 40.18 49.59 53.85 59.20 56.29 53.58 49.59 49.59 49.56 49.29 49.29 48.76 64.29 72.06 69.92 56.26 49.06 40.187.3.2008 29.57 34.95 32.26 32.26 32.26 34.95 43.01 45.97 54.58 59.41 56.49 54.04 49.78 50.00 50.01 49.74 49.74 49.77 64.79 72.32 70.17 56.49 49.77 48.428.3.2008 47.32 42.45 40.56 40.56 40.56 40.56 43.30 40.56 49.21 50.29 50.02 49.21 49.21 49.21 48.67 49.75 50.03 50.06 64.89 70.57 70.30 54.08 50.06 48.679.3.2008 34.78 26.76 18.73 18.73 18.73 18.73 18.73 16.05 32.11 37.46 40.13 40.13 40.13 40.13 40.13 40.13 40.13 46.82 58.86 66.89 66.89 53.51 49.00 40.13

10.3.2008 24.08 18.73 17.39 17.39 18.19 26.49 40.13 53.51 54.88 59.16 58.86 54.88 53.51 53.51 50.83 49.50 49.50 48.43 66.89 71.97 69.90 56.23 53.51 47.8911.3.2008 40.13 26.76 26.22 26.22 26.22 29.43 40.13 48.69 53.51 53.51 53.51 48.69 48.16 48.16 40.13 40.13 34.78 40.13 53.51 61.84 61.84 42.81 40.13 32.1112.3.2008 26.91 21.53 18.57 16.14 18.57 26.91 26.91 34.98 48.43 53.82 52.48 49.24 49.51 48.43 47.09 43.05 41.71 44.40 53.82 63.27 62.20 48.43 44.40 26.9113.3.2008 31.09 27.04 24.33 24.33 27.04 27.04 27.04 32.45 48.67 53.81 52.74 49.48 53.81 48.67 48.67 44.62 48.67 48.40 53.54 67.60 63.62 48.67 43.26 27.0414.3.2008 29.89 29.89 29.89 29.89 29.89 32.61 40.76 44.84 48.91 50.00 49.46 48.91 48.91 48.91 48.91 46.20 48.91 48.78 49.46 67.94 63.94 48.91 43.89 35.3315.3.2008 30.95 21.53 18.30 18.30 18.30 18.30 18.30 16.15 32.29 32.29 34.98 32.29 32.29 32.29 29.60 29.60 24.22 29.60 32.29 40.36 40.36 32.29 32.29 21.53

Average 34.03 27.30 24.93 24.68 25.40 28.35 34.18 37.77 46.70 49.35 48.52 46.49 45.14 44.58 43.31 42.16 41.12 42.51 54.24 62.87 61.31 48.21 43.89 37.18

8


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

Tables with off ered Available Transfer Capacities (ATC) in Balkan region for April 2008

Opcom, Romania: Prices in last 15 days

OPCOM, Romania - Traded energy

02000400060008000

1000012000140001600018000

1.3.20

08

2.3.20

08

3.3.20

08

4.3.20

08

5.3.20

08

6.3.20

08

7.3.20

08

8.3.20

08

9.3.20

08

10.3.

2008

11.3.

2008

12.3.

2008

13.3.

2008

14.3.

2008

15.3.

2008

MW

h

OPCOM, Romania - Prices

0

10

20

30

40

50

60

70

80

1.3.

2008

2.3.

2008

3.3.

2008

4.3.

2008

5.3.

2008

6.3.

2008

7.3.

2008

8.3.

2008

9.3.

2008

10.3

.200

8

11.3

.200

8

12.3

.200

8

13.3

.200

8

14.3

.200

8

15.3

.200

8

EUR

/MW

h

minimal price average price maximal price

OPCOM, Romania - Prices

0

10

20

30

40

50

60

1.3.

2008

2.3.

2008

3.3.

2008

4.3.

2008

5.3.

2008

6.3.

2008

7.3.

2008

8.3.

2008

9.3.

2008

10.3

.200

8

11.3

.200

8

12.3

.200

8

13.3

.200

8

14.3

.200

8

15.3

.200

8

EUR

/MW

h

Night Day Base

1.3.2008 2.3.2008 3.3.2008 4.3.2008 5.3.2008 6.3.2008 7.3.2008 8.3.2008 9.3.2008 10.3.2008 11.3.2008 12.3.2008 13.3.2008 14.3.2008 15.3.2008Base Price 29.00 23.65 42.32 50.87 47.91 47.67 48.78 49.59 37.66 46.47 42.36 40.32 42.57 44.38 27.86Base Quantity 14894 13979 11419 12308 13510 13287 13581 12235 12158 12414 15866 15866 15318 17063 12777Day Price 29.76 24.90 51.38 55.56 54.00 54.46 54.77 52.46 42.39 55.73 48.10 47.99 49.40 50.23 30.57Day Quantity 9872 9337 7714 8229 9245 9359 9336 8427 8484 8320 11270 11270 10815 11710 8579Night Price 27.50 21.14 24.19 41.47 35.72 34.09 36.81 43.84 28.20 27.96 30.90 24.99 28.90 32.66 22.44Night Quatity 5022 4642 3705 4079 4265 3928 4245 3808 3675 4094 4596 4596 4503 5353 4197

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

IMPORTCroatia > BIH - - 500 - 109 01.-30.4.2008.Montenegro > BIH - - 360 - 180 01.-30.4.2008.Serbia > BIH - - 250 - 125 01.-30.4.2008.

EXPORTBIH > Croatia - - 550 - 275 01.-30.4.2008.BIH > Montenegro - - 320 - 100 01.-30.4.2008.BIH > Serbia - - 300 - 118 01.-30.4.2008.

ESO - BulgariaBorder+Direction TTC TRM NTC AAC ATC Validity period:

IMPORTSerbia > Bulgaria - - 50 - 50 01.-30.4.2008.

Romania > Bulgaria- - 300 - 200 01.-17.4.2008.

100 0 18.-30.4.2008.Greece > Bulgaria - - 300 - 300 01.-30.4.2008.

EXPORT

Bulgaria > Serbia- - 500 - 500 01.-17.4.2008.

200 200 18.-30.4.2008.Bulgaria > Romania - - 200 - 100 01.-30.4.2008.

Bulgaria > Greece- - 400 - 300 01.-21.4.2008.

600 500 22.-26.4.2008.400 300 27.-30.4.2008.

OPS HEP - CroatiaBorder+Direction TTC TRM NTC AAC ATC Validity period:

IMPORTHungary > Croatia - - - - 300* 01.-30.4.2008.Slovenia > Croatia - - - - 150 01.-30.4.2008.Serbia > Croatia - - - - 75 01.-30.4.2008.BIH > Croatia - - - - 100 01.-30.4.2008.

EXPORTCroatia > Hungary - - - - 0* 01.-30.4.2008.Croatia > Slovenia - - - - 150 01.-30.4.2008.Croatia > Serbia - - - - 100 01.-30.4.2008.Croatia > BIH - - - - 75 01.-30.4.2008.* Common auction conducted by MAVIRMAVIR - HungaryBorder+Direction TTC TRM NTC AAC ATC Validity period:

IMPORTCroatia > Hungary 400 200 200 200 0 01.-30.4.2008.Romania > Hungary 400 100 300 200 100 01.-30.4.2008.Serbia > Hungary 400 100 300 200 100 01.-30.4.2008.

EXPORTHungary > Croatia 950 200 750 450 300 01.-30.4.2008.Hungary > Romania 400 100 300 175 125 01.-30.4.2008.Hungary > Serbia 350 100 250 150 100 01.-30.4.2008.

April 2008

April 2008

April 2008

April 2008

9

Balkan Energy NEWS, e-journal Issue No: 2008-III/1 - issue covers period 1.3.2008-16.3.2008

- TTC (Total Transfer Capacity), TRM (Transmission Reliability Margin) and NTC (Net Transfer Capacity) values in previous tables, represents commonly correlated val-ues, 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 diff erent)

- 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 ca-pacity, which will be off ered 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 diff erent)

Danube water-level in cm for last 30 days

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

MEPSO - MacedoniaBorder+Direction TTC TRM NTC AAC ATC Validity period:

IMPORTSerbia > Macedonia 400 100 300 0 150 01.-30.4.2008.Greece > Macedonia 210 100 110 0 0 01.-30.4.2008.

EXPORTMacedonia > Serbia 254 100 154 0 77 01.-30.4.2008.Macedonia > Greece 200 100 100 0 0 01.-30.4.2008.Remark: No transparent allocation procedure on Greek and Bulgarian borderTSO EPCG - MontenegroBorder+Direction TTC TRM NTC AAC ATC Validity period:

IMPORT

Albania > Montenegro- - - - 100 01.-20.4.2008.

50 21.-27.4.2008.0 28.-30.4.2008.

BIH > Montenegro - - - - 70 01.-30.4.2008.

Serbia > Montenegro- - - - 90 01.-17.4.2008.

30 18.-30.4.2008.EXPORT

Montenegro > Albania- - - - 50 01.-20.4.2008.

0 21.-30.4.2008.Montenegro > BIH - - - - 100 01.-30.4.2008.Montenegro > Serbia - - - - 100 01.-30.4.2008.

Transelectrica - RomaniaBorder+Direction TTC TRM NTC AAC ATC Validity period:

IMPORTBulgaria > Romania 300 100 100 50 50 01.-30.4.2008.Serbia > Romania 200 100 50 50 0 01.-30.4.2008.Hungary > Romania 400 100 150 25 125 01.-30.4.2008.

Ucraine > Romania250 100 150 100 50 01.-06.4.2008.

0 0 0 0 0 07.-11.4.2008.250 100 150 100 50 12.-30.4.2008.

EXPORTRomania > Bulgaria 400 100 150 50 100 01.-17.4.2008.

200 100 50 50 0 18.-30.4.2008.Romania > Serbia 600 100 250 50 200 01.-17.4.2008.

300 100 100 50 50 18.-30.4.2008.

Romania > Hungary300 100 100 50 50 01.-06.4.2008.400 100 150 50 100 07.-17.4.2008.300 100 100 50 50 18.-30.4.2008.

Romania > Ucraine 0 0 0 0 0 01.-30.4.2008.

EMS - SerbiaBorder+Direction TTC TRM NTC AAC ATC Validity period:

IMPORTHungary > Serbia - - - - 125 01.-30.4.2008.Romania > Serbia - - - - 175 01.-30.4.2008.Bulgaria > Serbia - - - - 175 01.-30.4.2008.Macedonia > Serbia - - - - 77 01.-30.4.2008.Albania > Serbia - - - - 105 01.-30.4.2008.Montenegro > Serbia - - - - 150 01.-30.4.2008.BiH > Serbia - - - - 50 01.-30.4.2008.Croatia > Serbia - - - - 150 01.-30.4.2008.

EXPORTSerbia > Hungary - - - - 75 01.-30.4.2008.Serbia > Romania - - - - 50 01.-30.4.2008.Serbia > Bulgaria - - - - 25 01.-30.4.2008.Serbia > Macedonia - - - - 150 01.-30.4.2008.Serbia > Albania - - - - 90 01.-30.4.2008.Serbia > Montenegro - - - - 125 01.-30.4.2008.Serbia > BiH - - - - 25 01.-30.4.2008.Serbia > Croatia - - - - 125 01.-30.4.2008.

April 2008 April 2008

April 2008

April 2008

10


Weather conditions for March

17.3. 18.3. 19.3. 20.3. 21.3. 22.3. 23.3. 24.3. 25.3. March averages.AlbaniaTirana

T: 7-17W: SW 11R: 9

T: 4-14W: SW 8R: 8.3

T: 4-12W: NE 14R: 10

T: -2-10W: NW 11R: -

T: -1-9W: SW 25R: 41

T: 1-17W: NW 8R: 20.2

T: 7-18W: E 11R: YES

T: 9-21W: NW 16R: -

T: 11-22W: S 8R: -

Temperature: 3-13Amount of rain: 109Number of rain days: -

Bosnia and HerzegovinaSarajevo

T: 4-13W: L-VR: 11

T: 4-7W: L-VR: 18

T: 3-3W: L-VS: 4.3

T: -2-4W: -R: -

T: -2-8W: SW 8R: 9.1

T: 4-9W: -R: 1.5

T: 3-11W: -R: YES

T: 1-4W: NW 4R: YES

T: -1-7W: -R: -

Temperature: 0.7-10.4Amount of rain: 70Number of rain days: 10

BulgariaSofi a

T: 6-19W: SW 6R: 3.5

T: 8-14W: NW 9R: 6

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

T: 5-5 W: N 12R: 7.6

T: -2-12W: S 12R: -

T: 4-13W: W 9R: 3.5

T: 2-17W: SE 12R: YES

T: 7-12W: NW 16R: YES

T: 1-11W: SE 4R: -


CroatiaZagreb

T: 8-18W: W 9R: 7

T: 3-12W: NE 9R: 3.5

T: 0-4 W: E 6R: -

T: -4-12W: SW 14R: -

T: 2-15W: SW 11R: 11

T: 3-7W: SW 8S: 9

T: 5-7W: NE 11R: YES

T: 0-7W: NW 16R: -

T: 0-10W: S 9R: YES

Temperature: 0.9-11.3Amount of rain: 51.6Number of rain days: 11

GreeceAthens

T: 12-21W: SW 14R: -

T: 12-21W: SW 24R: -

T: 11-21W: SW 14R: 2

T: 12-23W: W 27R: 6

T: 8-19W: SW 16R: -

T: 12-22W: SW 19R: -

T: 14-23W: SE 24R: -

T: 14-17W: SW 38R: -

T: 7-16W: SW 8R:

Temperature: 6.7- 15.7Amount of rain: 40.7Number of rain days: 10.2

MacedoniaSkopje

T: 4-18W: W 9R: 4.5

T: 6-17W: NW 6R: 3.6

T: 2-16W: NE 11R: 10.2

T: 6-7W: NW 11R: 6.3

T: -1-12W: SW 17R: 14.2

T: 6-17W: NW 6R: 7.4

T: 1-19W: SE 14R: -

T: 5-11W: NW 16R: -

T: -2-11W: L-VR: -


MontenegroPodgorica

T: 8-14W: SW 11R: 4.3

T: 7-13W: L-VR: 17

T: 7-14W: NE 16R: 12

T: 6-10W: NW 8R: -

T: 2-12W: SW 24R: 38

T: 5-12W: W 6R: 21

T: 4-18W: E 9R: YES

T: 7-10W: NW 16R: YES

T: 2-12W: S 8R: -


RomaniaBucharest

T: 8-20W: SW 19S: 9

T: 9-16W: NW 6R: 12

T: 3-9W: NW 4R: 6

T: 3-3W: N 9R: -

T: -2-6W: S 16R: 1

T: 6-14W: SW 9R: -

T: 3-9W: SE 14R: -

T: 7-18W: SW 9R: -

T: 3-12W: SE 9R: -


SerbiaBelgrade

T: 8-16W: SW 19R: 4.8

T: 8-11 W: N 12R: 3.9

T: 4-4 W: N 4R: -

T: 1-8W: W 8R: -

T: 1-13W: S 49R: -

T: 8-9W: W 11R: -

T: 5-13W: SE 19R: -

T: 5-6W: NW 46R: YES

T: 2-8W: SE 19R: -


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

Process of tender procedure for construction of NPP Belene

Introduction

NPP Belane construction site is on the river Danube banks, 250 km northeast of Sofi a and 7.5 km from Bulgarian-Romanian border.

The NPP should have two AES92 type pressurized water reactors, with overall capacity of 2,000 MW. The new reactors are based on VVER technology developed by Russian AtomStroyExport, which will be the main constructor of the plant. The main subcontractors will be Areva and Siemens. Comparing to old VVER 1000 rectors, AES92 have advance security systems in line with European Utility Requirements (EUR) for Light Water Reactors, EC confi rmed. EC be-lieves that construction works could start in 2008, while the rectors could be operational in 2014-2015.

It has been decided that reactor will be AES-92 (VVER 1000/V-466). AES-92 presents updated VVER 1000/320, soviet-type pressurized light water reactor. There is no detailed information regarding this type of reactor, since there is no exactly the same reactor installed and operational. Similar, AES-91 (VVER-1000/V-428) was installed one year ago in Asia. It is also modifi cation of VVER-1000/V-392, like AES-92. According to documentation, The AES reactor has more backup systems for safe shutdown and cooling the reactor than the old VVER 1000 version, and longer lifetime (60 years).

Technical info regarding AES-92

Capacity: -3000 MW (thermal) -1068 MW (electrical)-Lifetime: 60 years, operational 7900 hours/year

Primary coolant circuit: -4 loops -coolant fl ow rate through the reactor: 86000 m³/h-pressure (operational) 15,7 MPa (max 17.6)-coolant temperature: in 291°C, out 321 °C

reactor core: -80t U-fuel = VVER 1000 -average fuel burnup: 472 MWd/kgU (max 49.9)-fuel cycle: 3 to 4 years

Secondary circuit:-pressure: 6,28 MPa

Safety systems:-active: HPSI, LPSI, SS, EFWS: 4*100%-passive: 2 systems, 4*33% per system

Analysis:

11


History:

The project design of NPP Belene was carried out in the early 1980s jointly with Soviet Union. The construction started in 1987 with the following time schedule: unit 1 in 1995, unit 2 in 1997 and units 3&4 after 2000. Original plans were for two Soviet-design WWER-1000 pressurized water reactors with two more units to be added later.

Nevertheless, in August 1991, Bulgarian government suspended construction, mainly due to the lack of funds, environmentalists’ protests and mounting concerns over the region’s seismic stability. Since then only the preservation of the construction work and the equipment has been carried out. In the mid-1990s the reactor vessel for unit 1 (Skoda reactor of the Russian WWER type), which had been paid for several years earlier, was delivered to the site from Czecho-slovakia. Construction works for unit 1 is up to 40% complete and for the second unit roughly about 10% complete. Nearly all major equipment, including circuitry, transformers and one Czech-made WWER-1000 reactor vessel, has already been delivered (from Skoda and others) and about of the 60% of the basic equipment on the site is usable. Bulgaria spent 1.3 billion € till now at Belene.

Construction:

Bulgarian government approved construction of NPP Belene in April 2005, and tender documentation for design, construction, commis-sioning, and putting into operation of units 1 and 2 was bought by only two companies, Russia’s Atomstroyexport JSC and Czech’s Con-sortium Skoda Alliance. Since June 2005 till October 2006, after long government struggle for bid improvements, Russia’s Atomstroyex-port JSC has been selected to be the constructor of nuclear power plant. Russian bid was considered better in terms of security and utilization of two units in NPP.

Atomstroyexport off ered to produce electricity in new NPP at price below or equal 37 euros per MWh, while Skoda off ered 40 to 43 euros. They also off ered to build NPP for 3.997 billion euros, while Skoda off ered price of 4.098 billion euros.

One of the demands of NEK was reduction of construction dead-line from 10 to 6 years. The main reason for such request was the forecasted lack of power capacity in 2011th- 2012th. During Octo-ber 2006, Czech Skoda has reduced construction period for the fi rst unit from 10 to 4 years for unit1 and, for unit 2, from 10 to 7.5 years. Russian company off ered similar timings, depending on usage of al-ready delivered equipment, but better timing for unit 2.

In that moment (October of 2006) it was estimated that fi rst unit in NPP could be put in operation in 2012th at the earliest.

According to contract signed by NEK and Russian company, 30 % of project should be granted to local companies, which should be equal to 1.2 billion euros. The future subcontractors should be se-lected through tender procedure. Over 100 Bulgarian companies submitted applications to AtomStroyExport in order to become subcontractors in Belene project.

Atomstroyexport is 49% owned by Gazprom. Other members of consortium for construction of NPP will be French Areva and Ger-man Siemens. Russian company will build two 1,000 MW blocks with B466 reactors. The blocks have operational life of 60 years and shall be constructed in accordance to EU standards.

In the middle of 2007, there were disputes between NEK and Atom-stroyexport regarding usage and value of the equipment delivered by Skoda in 1990s. The AtomStroyExport believes that some parts of the equipment will not be compatible to the new design of NPP and it is ready to pay funds to NEK for disassembling the equipment.

NEK claims the equipment worth is 300 million euros, while Atom-stroyexport was ready to pay some 100 million euros for it.

On January 18 in Sofi a, NEK and AtomStroyExport signed the engi-neering, procurement and construction (EPC) contract for construc-tion and commissioning of units 1 and 2 of NPP Belene.

The contract was signed by Lubomir Velkov, CEO of NEK, and by Sergey Shmatko, president of AtomStroyExport. The worth of the contract is 3.997 billion euros, while the cost of the entire project should reach 6 to 7 billion euros. The Russian company will install AES-92 type of nuclear reactors in the NPP. The technology, which has combination of active and passive safety and security systems, was approved by EU in December 2007.

The head of Russian nuclear agency (Rosatom), Sergey Kirienko said that AtomStroyExport expects to build two more units in NPP Be-lene in the future.

According to the contract, construction of the units should start in the second half of 2008, and the two units should be operational in 2014 and 2015. In October 2006, it was expected that fi rst unit could be operational by the end of 2012.

Enviromental issues:

In August 2005, Greenpeace announced battle against nuclear policy in Bulgaria in favor of improvement of energy effi ciency. But Ministry of energy said that the Greenpeace claims could not be supported by any relevant facts he also added that Energy strategy in Bulgaria predicts active presence of nuclear energy, which should be in accordance to the key principles of safe operation of nuclear facilities. Again, in December 2007, Bulgarian green party issued a press release in which it repeated its standpoint against construc-tion of NPP Belene and NPPs in general. The EC’s approval of Belene project was also disapproved by Greenpeace and other environ-mental NGO’s.

In December 2007, European commission offi cially supported tech-nology that will be used in nuclear power plant (NPP) Belene and that the NPP Belene project was in accordance to articles 41 to 44 of Euroatom treaty. EC also confi rmed that design of the plant includes various passive security systems and improved protection against external hazards, such as earthquakes and plain crashes. A month earlier, there was a confusion, since NEK issued offi cial press release on November 6 in which it claimed that EU approved the project, which was denied by European commission, saying that fi nal deci-sion was not reached yet.

According to the study published by Bulgaria’s Academy of Science, the construction site of nuclear power plant (NPP) Belene is locat-ed in the area with the lowest seismic activities in the country. The study has been conducted in the period of two years, and it showed that construction site is in accordance to the criteria of the Inter-national Atomic Energy Agency. On the other hand, anti-nuclear activists claimed the NPP Belene would be unsafe having in mind that earthquake in 1977 in the Vrancea region in Romania damaged Bulgarian town of Svishtov, near the future plant.

Financing:

On the 2nd half of January 2007, NEK has published an invitation for 250 million loan. The main purpose of the loan is to fi nance the project’s design, supply of equipment and the construction works during the fi rst year of the project. The French bank BNP Paribas has won in the tender for providing the 250 million euros bridge loan

12


In May 2007 NEK confi rmed it has been negotiating with Euratom and European investment bank (among others) for funding the project. Later this year, a 300 million loan from Euratom has been granted. After long negotiations, government of Bulgaria has de-cided to grant 600 million euros of state guarantees to the project for construction of NPP Belene. The guarantees are related to the loans from Euroatom and European Investment Bank (should be granted in 2008).

Government of Bulgaria also decided to establish fund for fi nancing the university training of staff for future NPP Belene. The main prob-lem was the fact that Bulgarian universities do not produce enough nuclear engineers, which should be changed by new special fund.

A bank that will be a leader for arranging and providing the long-term, possibly 15-year loan, for the project has not been selected yet. After signing an agreement on 18th of January 2008, Russian president Vladimir Putin said that Russia is ready to fund the con-struction of NPP Belene and off ered 3.8 billion euros loan to Bul-garia.

Some sources imply that NEK could take an export loan from Rus-sian Roseximbank. On the other hand, the AtomStroyExport could also provide funds for the project, sources said. Till March 2008, only two banks applied for providing the loan for the project.

Strategic partner:

On 2nd of May 2007, NEK has published invitation of expression of interest for strategic partner for NPP Belane. NEK should control at least 51 % in the future joint venture called Power Company Belene (PCB). The PCB will be the owner and operator of the NPP Belene. In the same time, NEK obliged itself to purchase electricity from the NPP in the period of 15-years. The main criteria for selection of fu-ture partners will be the prior experience in construction and opera-tion of NPPs, the experience in electricity export and the fi nancial capacity to fund the project. It is expected that strategic partner would contribute some 2 billion euros in funding. In that moment, it was expected that fi nal agreement would be signed by 2007, and construction would start in 2008.

The following companies have submitted bids: Enel (Italy), CEZ (Czech Republic), RWE, EON (Germany), EDF (France), ATEL, EGL (Switzerland), Endesa (Spain), Electrabel (Belgium) and local compa-ny Cumerio Med. The future strategic partner should invest some 2 billion euros and acquire 49 % of the shares in the project company Electro power Company Belene, the future owner and the operator of the plant.

The potential partner will be entitled to sign 15-year contract for purchase of NPP’s output.

Two months later, NEK offi cials announced that potential investors are divided in two groups. The fi rst group is made of the companies, which were invited in the second stage of the procedure and want-ed to subscribe directly or through consortium model for up to 49 % of the shares BPC. The potential partner are Electrabel (Belgium), Enel (Italy), E. ON, RWE (both from Germany), EDF (France) and CEZ (Czech Republic). The second group of the bidders was made of companies willing to acquire up to 25 % of shares in the BPC and those were Endesa, EGL, Cumerio Med AD and ATEL. NEK confi rmed the companies from the second group might be invited to submit initial off ers, depending on the outcome of negotiations between NEK and companies from the fi rst group.

After deadline of the tender for 49%, EDF (fi rst group) did not submit the bid. The tender procedure included evaluation of bank guaran-

tees, the readiness to purchase electricity from new NPP in relation to the timeframe, quantity and destination of purchased electricity (i.e. to domestic or to customers abroad). Details regarding the bids were not revealed during that stage of the tender, and it was an-nounced that fi nal agreement will be signed by the end of 2007.

Later in December 2007, NEK invited qualifi ed bidders in the tender for strategic partner to submit their improved off ers for acquiring of 49 % stake in the project by January 9, 2008. The improvements were supposed to be about the future management of the plant and supervision of the project. NEK explained that initial bids of all candidates implied that bidders wanted majority managerial rights in the project company, what was unacceptable for Bulgaria.

All fi ve potential strategic partners in the project submitted im-proved bids. Again, NEK did not want to reveal the details of the bids. NEK also expects that potential partners would off er a premi-um for the investments. This premium would be the one of the key parameters for evaluation of bids.

On March 11, National electric company (NEK) announced it select-ed German RWE and Belgian Electrabel to enter fi nal stage in the tender for acquiring 49 % stake in the project for construction and operation of nuclear power plant (NPP) Belene. Apart from RWE and Electrabel, Italian Enel, Czech CEZ and German E.ON were selected during the previous stage of the tender as potential partners. NEK preserved the right to invite those companies to restart negotia-tions in case of need.

According to sources, RWE and Electrabel made the highest bids in the tender. Two companies will be given additional information on the project in order to carry out detail analyses before submitting the fi nal bids. Bulgaria expects that strategic partner should off ers signing the long-term electricity purchase agreement.

Offi cials said that NEK should decide by the end of March which companies would enter fi nal stage of the tender for acquiring 49 % of the stake in future project. Also, it is announced that deadline for selection of the strategic investor would be set at mid 2008.

13


Seven natural gas companies to start feasibility study on

regional gas company (Region)

During the meeting held in Bucharest on March 13-14, the repre-sentatives of seven natural gas companies from the region agreed on starting the feasibility study on establishment of new regional gas company called New Europe Transmission System (NETS). The project was initiated by Hungarian MOL in December last year.

The meeting in Bucharest was attended by Transgaz (Romania), BH Gas (Bosnia and Herzegovina), Geoplin (Slovenia), MOL Natural gas transmission, OMV Gas (Austria), Plinacro (Croatia) and Srbijagas (Serbia).

Director of Transgaz Ioan Rusu said that the latest meeting was very successful and great step forward for NETS project.

Executive director of BH Gas Nadzida Ninkovic said the meeting was of great importance for Bosnia and Herzegovina (BiH), having in mind underdeveloped natural gas market in the country. BiH plans to increase natural gas usage up to 15 % compared to overall energy consumption.

General manager of Srbijagas, Sasa Ilic, confi rmed that Serbian gas company would actively participate in the future activities related to NETS project. He believes that the project would increase ef-fi ciency of existing natural gas facilities and supply security in the region. Ilic believes that NETS project is feasible, but it would take great deal of time.

§ § §

Ashta HPP tender soon (Albania)

Albainan Ministry for Energy has announced that international ten-der for construction of Ashta hydro power plants will be published by the end of March. Ashta HPP will be build on river Drim, 4 km southeast from Skoder lake. It is expected to have 70 MW installed capacity and produce between 250 GWh and 270 GWh per year. There are already 3 HPPs on Drim: Vau I Dejes, Fuerze abd Koman.

Albanian Council of Minister approved the decision on selecting the defi ning authority for the concession of Ashta HPP in January. “We contracted the International Financial Corporation. The aforesaid corporation contracted a serious company for the environmental studies, which recommended the construction of Ashta hydro-pow-er station”, the Prime Minister Sali Berisha said in January.

Ashta HPP station is supposed to be constructed as joint venture. Albania is almost entirely dependent on hydro power.

§ § §

Beginning of privatization of KESH (Albania)

As announced, distribution unit of KESH, OSSH will be sold thought open international tender. It has been decided that majority part of OSSH will be off ered, between 51 add 76%. OSSH is fi rs division of KESH that will be sold in government plan of privatization of KESH.

There is no information regarding date, but Albanian Energy Minis-ter Genc Ruli stated that the privatization procedure will be called in April. In January 2007, Albania hired the International Finance Cor-poration to prepare a plan for the restructuring of OSSH.

§ § §

15 companies interested in ARMO (Albania)

Albanian Energy Minister, Genc Ruli said that 15 foreign companies have shown interest in ARMO privatization. He also noted that, dur-ing the past year, ARMO had fi nancial improvement comparing to 2006 (almost 14 million euros). Tender for privatization of ARMO was opened in February, and deadline is schedualed for 21st of May.

85% of ARMO has been off ered. Contenders are required to have at least 3 years experience in the oil and gas processing sector, rev-enues of at least 55 million euros and international production and quality certifi cates. Assessment will be made according to two crite-ria, price (75%) and business and investment plan (25%).

ARMO has one refi nery at Ballsh, a smaller one at Fier and a small network of fuel stations selling motor oil and products. Some of the companies that expressed interest in ARMO are: Hungarian “MOL”, Canadian-registered Bankers “Petroleum”, American“Refi nery As-sociates of Texas”, Croatian “INA” (possible joint venture with MOL), Greek “Hellenic Petroleum”.

§ § §

45% output drop in 2007 (Albania)

KESH offi cial presented report regarding energy production in 2007. According to report, entire production in 2007 dropped by 45% (2 9000 GWh) comparing to 2006 (5 451 GWh). Albanian imported 2 793 GWh of electricity in 2007, signifi caly more than 633 GWh in 2006. In 2007, 195 million euros was spent on electricity import. 30 million euros were spent for electricity import in 2006.

Main reason for decreased production is unpredicted draughts in 2006 and 2007. As a reminder, 95% of Albanian electricity genera-tion is provided by HPPs. Due to reduced production and outdated distribution network, Albania is suff ering constant blackouts.

§ § §

Construction of TPP Stanari to start in May (Bosnia and

Herzegovina)

Communication director of EFT, Nenad Savic announced that con-struction works at the site of future thermal power plant (TPP) Stan-ari would start on May 16. The building the foundations of the fi rst facility in the TPP Stanari will mark the beginning of second phase of the project, Savic said.

EFT, which recently singed 30-year concession contract with gov-ernment of Republic of Srpska (RS) for construction and operation of TPP Stanari, said that the 420 MW plant should be completed in the second half of 2012. The project has been developing in accord-ance to plans, EFT said. The cost of the project is estimated at over 650 million euros.

§ § §

News:

14


The project for construction of units 2 in TPP Gacko on hold

(Bosnia and Herzegovina)

The government of Republic of Srpska (RS) would not continue project for construction of unit 2 in thermal power plant (TPP) until the disputes between government and small shareholders and in-vestments funds in TPP were resolved. This was said by the minister of economy, energy and development of RS Rajko Ubiparip.

The fi rst court hearing in a lawsuit fi led by the four investments funds against Power utility of RS (ERS) took place in Trebinje in the beginning of March. The funds claim they were damaged after the government and CEZ signed the agreement for new energy projects in coalmine and TPP Gacko.

During the past period, the government and CEZ have tried to reach out of the court settlement with investments funds, but negotia-tions failed.

Investments funds demand that agreement between the govern-ment and CEZ regarding establishment of joint venture should be cancelled. They also believe that appraisal of TPP and the coalmine should be revised.

In the same time, investments funds are not willing to accept re-quest of Croatian power utility (HEP) to take part in the court proce-dure, since HEP’s request is related to pre-war investments in TPP.

As a reminder, HEP demanded from the government of RS to rec-ognize HEP’s ownership over 33 % shares in TPP Gacko because of funds invested during the construction of the TPP back in 1986. RS rejected those demands and announced fi ling the counter lawsuit related to unfair usage of joint hydropower plant (HPP) Dubrovnik.

§ § §

Statkraft to build four HPPs on Vrbas River (Bosnia and

Herzegovina)

Norwegian Statkraft should invest some 100 million euros for con-struction of four hydropower plants (HPP) on Vrbas River. This was said during the meeting between local offi cials from Laktasi munici-pality and delegation of Statkraft led by director Ian Linerud.

The agreement for construction of new HPPs was recently signed by Statkraft and government of Republic of Srpska (RS). The agree-ment should be transferred to local municipalities and that is way Statkraft was trying to establish cooperation with local communi-ties in order to complete the projects, Linerud said.

The complete blueprints for the project will be prepared by Serbian project company Energoprojekt in the next six months, director of Statkraft confi rmed.

Besides providing electricity, the projects are also aimed to resolve long lasting problems related to building of riverbanks in order to prevent constant fl ooding of Vrbas River, to minimize damages to farmers and to build accumulation lakes that would be used for ir-rigation.

According to plans, overall power output of four HPPs on Vrbas River should be between 75 and 80 MW, while annual production should reach 450 GWh. The construction of HPPs should start in spring next year.

§ § §

Considerable reduction in profi t for HPP Visegrad (Bosnia

and Herzegovina)

The hydropower plant (HPP) Visegrad (300 MW), located on Drina River, reported 457,000 euros of profi t in the last year, which was 73 % lower compared to 2006.

In 2007, overall income reduced to 11.72 million euros (-19.1 %), while overall expenses stood at 11.14 million euros (-11.8 %).

HPP Visegrad is the part of Mixed holding of Power utility of Repub-lic of Srpska (ERS) and it is majority owned by state. In the next two years, the company plans to invest 16.5 million euros in order to im-prove business results.

§ § §

Study of development of EP ZHB presented (Bosnia and

Herzegovina)

In mid March in Mostar, the Study of development of Power utility of Herceg Bosnia (EP HZHB) was presented. The study, which was prepared by Institute of energy from Zagreb, refers to period 2006-2010, with projection to 2020.

The study gave guidelines for priority development projects and proposed a plan of construction of power production and distribu-tion facilities.

The study would be followed by series of round table debates, general manager of EP HZHB Vlado Maric said. The main aim of the company is to provide suffi cient amount of electricity from domes-tic sources.

By construction of hydro power plant (HPP) Mostarsko blato in the beginning of next year, EP HZHB should considerably improve its position having in mind that company is currently importing more than 50 % of its needs.Nevertheless, the main project of EP HZHB is construction of ther-mal power plant (TPP) Kongora, which should be operational in 2013 or in 2015 at the latest.

EP HZHB has also initiated several wind power projects. At the sites near Mostar, Tomislavgrad and Livno, wind measurement projects are in progress.

§ § §

The construction of small HPPs to start this spring (Bosnia

and Herzegovina)

The construction of the fi rst out of nine small hydropower plants (HPPs) in the confl uence of Bosnia River near cities Doboj and Mo-drica should start this spring. The particular small HPP should be built on Paklenica River near Doboj.

The HPP will be built by local company Elektro Doboj, which also signed concession contract for construction of two more small HPPs in the area.

The rest of six small HPPs will be built by Norwegian company Tech-nor Energy, which should start works this summer. Technor Energy and the government of Republic of Srpska (RS) signed the agree-ment for construction of small HPPs in August last year. The small HPPs should be built through 30-year concession agreements.

15


Small HPPs have power output between 5 and 10 MW. The cost of construction of the HPPs is estimated at 152 million euros.

§ § §

Government approved Draft energy strategy (Bosnia and

Herzegovina)

Government of Federation of Bosnia and Herzegovina (F BiH) adopt-ed a Draft strategy on the development of electrical energy sector in the country.

The main purpose of the Draft is to determine the needs and poten-tials for the development of electrical sector, and to remove delays in investments. According to the government, the new document was prepared at the request of parliament and the public in the country.

The Draft, prepared by the ministry of mining, industry and energy, envisaged preparation of new physical plans, environmental studies and adoption of several rules and regulations related to usage of electrical energy.

The Draft also implies that construction of new hydro power plants in the country should start as soon as possible, having in mind low utilization of hydro potential.

Energy minister Vahid Heco explained that new strategy do not im-ply that previous decisions of the government related to selection of strategic partners in projects for construction of 8 new power plants or any other decisions related to energy sector would be cancelled.

Minister announced set of public debates related to new energy strategy, after which the new study for development of entire ener-gy sector would be made. Heco believes that study on development of energy sector in BiH prepared by Energy institute Hrvoje Pozar was catastrophic, partial and incomplete. The biggest remark of the ministry is that particular study did not foreseen development of energy sector.

§ § §

CEZ to build two 440 units in TPP Varna (Bulgaria)

Czech CEZ, the owner of thermal power plant (TPP) Varna, an-nounced plans for construction of two 440 MW natural gas fi red units. It was not yet decided whether the units would be built along the existing ones or whether they would be replacement capacity. The project would be the part of large-scale environmental program aimed to bring TPP in line to EU regulations.

The units should be operational by 2013, Jan Vavera, the head of CEZ Bulgaria said. The cost of the project should be known after selecting the contractor, and analyzing the costs for connection to natural gas and electricity grid. CEZ said it would take all fi nancial risks in the project and it would not demand signing the long-term electricity purchase agreements.

Country manager, Lubos Pavlas, said that TPP Varna would be forced to increase electricity prices because of too strict greenhouse gases emission quotas. Because of that, the company will be forced to buy additional quotas.

TPP Varna has six 210 MW units. Three units operate under capac-ity reserve agreement signed with National electric company (NEK).

Two units deliver electricity to domestic market, while one unit has been producing electricity for foreign customers.

In the end of the last year, the company requested increase in elec-tricity prices from 27.5 euros/MWh up to 36.2 euros/MWh, but the power regulator has not responded yet. In the meantime, the com-pany’s costs increased another 5 euros/MWh having in mind that price of coal on international markets increased at 85 euros/ton, head of CEZ Bulgaria pointed out.

In 2007, TPP Varna reported some 2.5 million euros of operational profi t, which was 1 million lower comparing to previous year.

In the same time, CEZ Bulgaria, who also owns electricity distribu-tors in Sofi a and Pleven, reported overall operational profi t of 38.3 million euros, which was 6.7 million euros lower comparing to previ-ous year. In the same period, the number of customers increased up to 1.967 million (+1.4 %), the company said.

In 2008, CEZ Distribution announced it would invest some 36 mil-lion euros for construction of new substations and for the replace-ment of high, medium and low-voltage power lines. In the period of three years, CEZ invested 110 million euros in the electricity grid in Sofi a and Pleven.

§ § §

Fuel distributor Petrol reported loss in 2007 (Bulgaria)

The fuel distributor Petrol reported 180,000 euros of losses in 2007, comparing to 6.7 million euros of profi t reported previous year.

The overall incomes increased by 9.66 % comparing to 2006 up to 740 million euros. Out of that amount, 716 million euros came from fuel sales (+7 %). On the other hand, overall expenses reached 685 million euros (+4.6 %).

The main reason for the business loss was the higher fi nancial ex-penses, which amounted up to 57.3 million euros (+200 %). The last time the company posted losses was in 2004.

§ § §

Maritsa Iztok mining company demands increase in coal

prices (Bulgaria)

Maritsa Iztok mining company requested 16 % increase in coal pric-es. The State Energy and Water Regulatory Commission (SEWRC) said that rise in coal prices had been rejected so far in order not to aff ect electricity and water prices.

If the increase was approved, the price of electricity produced in the power plants in the Maritsa Iztok basin should be increased by 8 %.

§ § §

RWE and Electrabel entered fi nal stage in tender for NPP

Belene (Bulgaria)

On March 11, National electric company (NEK) announced it select-ed German RWE and Belgian Electrabel to enter fi nal stage in the tender for acquiring 49 % stake in the project for construction and operation of nuclear power plant (NPP) Belene.

16


Beside RWE and Electrabel, Italian Enel, Czech CEZ and German E.ON were selected during the previous stage of the tender as po-tential partners. NEK preserved the right to invite those companies to restart negotiations in case of need.

RWE and Electrabel made the highest bids in the tender. Two com-panies will be given additional information on the project in order to carry out detailed analysis before submitting the fi nal bids. Bul-garia expects that strategic partner should off er signing the long-term electricity purchase agreement.

2,000 MW NPP on Danube River will be built by consortium led by Russian AtomStroyExport, where Areva and Siemens will be subcon-tractors. The plant should be operational in 2014-2015 and overall cost of the project is estimated at 6-7 billion euros. The construction works should start in the second half of the year.

According to latest announcements, some half of the personnel (some 2,000 people) that will build the NPP will come from Russia. The main reason for this is lack of experts in Bulgaria, Russian of-fi cials said.

§ § §

Bulgargaz demanded 32.07 % increase in natural gas prices

(Bulgaria)

Natural gas company Bulgargaz requested from State Energy and Water Regulatory Commission (SEWRC) to approve 32.07 % in-crease in natural gas prices starting from April 1. New price (no VAT included) should rise up to 247 euros/1,000 cbm.

The record high increase was explained by the low price of natural gas in the fi rst quarter of this year, which was earlier approved by SEWRC, and by the increase in oil prices, Bulgargaz said.

In the end of the last year, Bulgargaz demanded 24.5 % increase in tariff s, while SEWRC approved 9.8 % increase. According to sources, new request of Bulgargaz would not be approved by SEWRC.

After the changes in the long-term supply contract between Gazprom and Bulgargaz, which took place in the last year, natural gas prices would be gradually increased up to the market prices by 2012.

§ § §

AES to start construction of wind park in Kavarna in this

year (Bulgaria)

US company AES International, i.e. its subsidiary AES Geo Energy, should start construction of wind farm near city of Kavarna by the end of 2008. The wind farm will have power output of 156 MW, and the equipment will be delivered by Danish Vestas.

General manager of AES Geo Energy, Teodor Bobochikov, said that power output of wind park should be increased up to 200 MW dur-ing the second phase of the project.

The cost of the project is estimated at 240 million euros. The wind park should produce 450 GWh of electricity per year, which will re-sult in savings of 500,000 tons of CO2 emissions. AES Geo Energy and National electric company (NEK) already signed agreement for connection of the wind park to the national electricity grid.

US company AES is also involved in construction of 670 MW re-placement capacity in lignite fi red thermal power plant (TPP) Mar-itsa Iztok 1.

§ § §

TPP Bobov Dol off ered for sale once again (Bulgaria)

On March 13, Bulgaria’s Privatization agency (PA) published an auc-tion for sale of 100 % of shares in thermal power plant (TPP) Bobov Dol.

The initial price for sale of 251 400 shares is set at 51 million eu-ros, and the bidders will be allowed to place bids in increments of 250,000 euros.

The auction procedure will take place in three months. According to terms published by PA, the eligible candidates would be the com-panies with 5 TWh of annual electricity production and sales in the last three years and with capital of over 1 billion euros.

Also, the potential buyer could be the company that supplied at least 1.25 million tons of local coal in the past three years or the consortium which supplied at least 3 million tons of local coal in the last three years and which is majority owned by local company.

Local tycoon Hristo Kovachki recently announced plans for con-struction of two 200 MW units and investing of 100 million euros for desulphurization installation in the TPP Bobov Dol. Kovachki owns, under the concession contract, the coalmine that supplies coal to the TPP.

TPP Bobov Dol was initially sold for 105 million to Greece’s Public power corporation (PPC) in 2005. The negotiations have lasted for two years and failed over the ecological permits and coal purchase agreements.

The power output of the TPP reduced to 420 MW after one 190 MW unit was decommissioned due to environmental reasons on Janu-ary 1. The operational lives of two remaining units are due to expire in 2011 and 2014, respectively.

§ § §

Bulgaria resumed electricity export in March (Bulgaria)

Deputy minister of economy and energy Yordan Dimov said in an interview that Bulgaria has resumed electricity export starting from March 1. The government imposed electricity export ban in January due to extremely cold weather and increased domestic consump-tion.

Dimov confi rmed that Bulgaria has been exporting some 300 MWh/h towards Greece, 115 MWh/h toward Macedonia and 150 MWh/h toward Serbia. In the same time, some 270 MWh/h of electricity has been transited from Romania toward Serbia and Greece, Dimov said.

§ § §

TPP Maritsa Iztok 3 continues installation of

desulphurization equipment (Bulgaria)

Italian Enel, the operator of the thermal power plant (TPP) Maritsa Iztok 3, believes this TPP has become the cleanest TPP in Eastern Europe after desulphurization equipment was installed.

17


Director of Enel Operations Bulgaria, Mike Foster, said that TPP Mar-itsa Iztok 3 was the only plant in this part of Europe that has been using Flue Gas Desulphurization (FGD) systems and that has met EU ecological standards.

Enel invested 160 million euros for environmental projects so far. The overall costs for renewal of 840 MW plant should reach some 600 million euros, which should be one of the largest foreign invest-ments in Bulgaria.

On March 10, unit 4 was shutdown due to start of renewal and the unit should be operational by the end of 2008. Two units in the TPP are in operation, while unit 3, which was connected to FGD system, is being tested.

TPP Maritsa Iztok 3 accounts for 7 % of overall power output in Bulgaria. The lignite-fi red plant was one of the largest polluters in Bulgaria in the past. Enel said the management succeeded consid-erably to reduce pollution.

§ § §

President of the state in favor of construction of nuclear

power plants (Croatia)

Croatian president Stjepan Mesic believes that Croatia will certainly reconsider construction of nuclear power plants (NPPs) in the near-est future. The nuclear technology is safe today and it would be even safer when Croatia decides to build a NPP, Mesic said.

Croatian president said this while visiting the construction site of hydropower plant (HPP) Lesce, which is the fi rst power plant that is being built since Croatia became independent state. HPP Lesce, as a peak power plant, will be very important for national power system, Mesic said.

According to Croatian experts, the country would be forced to build new NPP in order to meet rising electricity demand in the future. Ac-cording to latest analyses, if no power plants were built in Croatia, the country could face electricity shortages already in 2014. The in-crease in electricity consumption is estimated at 3 % per year.

Sources imply that Croatia should have to build new NPP alone since Slovenia, which also wants to build new units in NPP Krsko, does not want to cooperate with Croatia in such project. In this mo-ment, Croatia and Slovenia jointly operate NPP Krsko.

§ § §

Increase in electricity prices after July (Croatia)

Chairman of the Supervisory board of Power utility of Croatia (HEP) Zeljko Tomsic confi rmed that there would be no increase in elec-tricity prices until July this year. He rejected to comment possible increases after that date.

Tomsic said that increase is necessary due to construction of new power plants by HEP. According to the Tomsic, HEP’s expenses in-creased by 20-25 % in the recent period. Without price increase, HEP would suff er losses, especially in case of dry year, chairman concluded.

§ § §

INA reported 120 million euros of consolidated profi t

(Croatia)

During the session in the fi rst half of March, the management and supervisory board of Croatian oil industry (INA) confi rmed that company reported 120 million euros of consolidated profi t in 2007. The profi t was 1.6 % lower comparing to 2006.

INA said that detailed fi nancial report would be published on March 31.

It was expected that company’s income in the last year would be higher comparing to 3 billion euros reported in 2006.

§ § §

INA to take over fuel distributor Krajinapetrol (Croatia)

The government of Republic of Srpska (RS) proposed a sale of 42.3 % of state owned shares in fuel distributor Krajinapetrol to Croatian oil industry (INA). INA already owns 9.7 % shares in Krajinapetrol, the second largest fuel distributor in RS.

In case of takeover, INA would be obliged to keep head offi ce of the company in Banja Luka, to keep all workers, and to withdraw all lawsuits against the company and compensation requests.

During past several years, INA has been involved in court procedure against Krajinapetrol claiming it is the legal owner of the company. Before the war, Krajinapetrol was part of INA.

Krajinapetrol operates 14 petrol stations, oil warehouse (4,600 tons capacity) and gas storage facility (210 tons).

§ § §

INA to become a part of Adria LNG consortium (Croatia)

The representatives of Croatian oil industry (INA) and consortium Adria LNG had a meeting in Vienna in the fi rst week of March. Two sides discussed open questions related to participation of INA in the project for construction of liquefi ed natural gas terminal (LNG) on Croatian shore. After the meeting, two sides confi rmed that agree-ment should be reached in the nearest future.

Adria LNG consortium is established by E.ON Ruhrgas (31.15 %), OMV Gas International (25.58 %), Total (25.58 %), RWE (16.69 %) and Geoplin (1 %). The INA should be fi rst Croatian company to join the consortium.

In the Mediterranean, there are plans for construction of several LNG terminals. Adria LNG believes that LNG in Croatia would be the most competitive solution.

In the last year, Croatian ministry of labor said that LNG terminal would not be built if Croatian companies did not take part in the Adria LNG consortium.

§ § §

Dalekovod to build power line in Norway (Croatia)

According to press release sent to Zagreb Stock Exchange, Zagreb based company Dalekovod should sign contract for construction of

18


420 kV power line Nea-riksgrensen (27 km) in Norway. The contract should be signed in mid March, and the cost of the project is 5 mil-lion euros.

The project will be funded by Norwegian state owned company Statnet. Offi cials from Dalekovod reminded that this was the sec-ond contract signed in Norway, after they signed contract for con-struction of 420 kV Skareheia power line in August last year.

§ § §

Presidents Mesic and Dodik argue over TPP Gacko (Croatia)

Commenting the plans of Croatian power utility (HEP) to reclaim its investments in Serbia (in TPP Nikola Tesla) and Republic of Srpska (RS) (in TPP Gacko), president Mesic said that issue of thermal power plant (TPP) Gacko should be discussed only with Bosnia and Herze-govina (BiH). Mesic said that RS was the result of ethnic cleansing and that it was not a republic in former Yugoslavia.

The prime minister of RS Milorad Dodik immediately responded to Mesic by saying that TPP Gacko is owned by RS and not by BiH, which is clearly explained by Dayton agreement. He said that, in the past, Croatia has been claiming return of investments in several en-ergy projects, but the valid proofs have never been submitted.Dodik admits that Croatia invested certain funds in RS, but only through joint funds in former Yugoslavia. There were no commer-cial investments of Croatia in TPP Gacko, Dodik pointed out.

As a reminder, after the war, Croatia fi led similar request for return of investments in TPP Kakanj, which belongs to Federation of BiH. In 2003, Power utility of BiH (EP BiH) agreed to sign out of the court settlement and to deliver electricity to Croatia in period of fi ve years. EP BiH has been delivered electricity to Croatia under prices twice as lower comparing to market prices. Overall cost for EP BiH in this agreement reached some 130 million euros.

§ § §

New wind farm to be built near Knin (Croatia)

The company CEMP should be granted a permit for construction of new wind park near city of Knin. The future wind park should have 55 wind turbines with total power output of 110 MW, while the an-nual production should reach 250 GWh of electricity.

The wind park, which should be spread on 18 million square meters, will be the largest in Croatia. The cost of the project is estimated at 100 million euros, while the construction works should start in the beginning of 2010.

§ § §

Pressures from EU regarding lignite monopoly (Greece)

EU regulators asked Greek government to ease PPC`s monopoly on lignite exploration rights in order to support competition in Greek electricity generation sector.

Currently PPC owns almost 90% of exploration rights, while the EU says that competitors should have access to at least 40% of reserves. 60% of PPC`s generation is dependent on lignite. PPC is the 2nd

largest producer of lignite in Europe, with 62 million metric tons of output in 2006, according to the company reports.

Although electricity wholesale market is liberalized, PPC still holds more than 90% of market share in generation and almost 99% mar-ket share in the supply. According to EU offi cials, the reason for it is mostly cheap price of energy generated from lignite.

Competition commissioner Neelie Kroes said: “Customers are de-nied the benefi ts of competition in the electricity sector when one operator controls virtually all access to Greek lignite reserves, which currently represent the cheapest source of power generation in Greece.”

Greece has two months to put forward proposals addressing the Commission’s concerns and then six months to carry them out. The Greek government has the right to appeal the decision at the EU court.

§ § §

French EDF to build 30 MW wind farm (Greece)

French EDF Energies Nouvelles has been commissioned to work on the 30 MW Imerovigli wind farm on Kefalonia. Wind farm, located in the Ionian Islands, has been developed by EEN Hellas, an EDF Ener-gies Nouvelles’ Greek subsidiary.

The wind farm will be made up of 10 wind turbines supplied by Danish manufacturer Vestas, 3 MW each. The facility is 90 percent owned by EEN Hellas.

With new wind farm, EDF Energies Nouvelles will own 137 MW of net capacity in Greece. Company aims to According to sources, company aims to 3 000 MW by 2012.

§ § §

Strike resulted powercuts across country (Greece)

In the beginning of March, PPC`s workers union (GENOP-DEH) an-nounced 24hour strikes for the period of 3rd of March til 6th of March. Main reasons for this action are government’s intention to have PPC’s personnel pension fund absorbed by the main state pension fund and PPC-RWE deal.

As a result, 40% of generation capacities stopped with production, resulting general blackouts. Power cuts were controlled and re-duced by emergency import and increased production from HPPs. Imports was helped by low consumption in neighboring countries.Usage of water reserves for this purpose reduced capacity of the system for summer peaks. “Electricity tonight or water in the sum-mer” said PPC’s manager of hydroelectric works Giorgos Leris. To make situation more serious, there are predictions of heat wave this summer.

Offi cials say the biggest danger is for the power stations to run out of lignite, which are running low. PPC mines its own lignite and the miners are participating in the strike.

Imports can off er no more than 1,000-1,200 MW in the best of cas-es, offi cials of DESMHE, the grid operator, say, due to insuffi cient connections. PPC’s existing capacity is now about 12,000 MW. In-dependent producers account for a further 870 MW, and there is a projection for a total of 4,500 MW by 2012. 4 000 MW was out of

19


Delays in AMBO pipeline (Macedonia)

Ted Ferguson, president of AMBO corporation has said, in his recent visit to Macedonia, that AMBO oil pipeline will be compleated in 2012, insted o 2011. The pipeline will transport Caspian oil from the Bulgarian port of Burgas to the Adriatic coast in Albania through the territory of Macedonia. The pipeline will cross the border at Gueshevo near the existing border checkpoint. The cost of building the 912-kilometer pipeline from the Black Sea coast to the Adriatic port of Vlora in Albania is estimated at about EUR 1.2 billion euros.

He also said that his visit to Macedonia is related to negotiations with Macedonian companies that would possibly be involved in construction of pipeline. He did not want to reveile names of the companies yet.

§ § §

CHPP „Energetika” tender announced (Macedonia)

ELEM has released a tender for fi nance, construction and expoloata-tion of CHPP „Energetika”. ELEM is interested in joint venture con-struction. Power plant will be located in Skoplje, near existing TPP.

New gas power plant will have minimal output of 300 MW for elec-tricity, and 150 MW for heating. Future plant should produce 2 TWh of electricity per year or some one third of current overall electricity production in the country. In the same time, CCGT unit should pro-vide 500 GWh of heat energy per year.Power produced from CHPP will have to be off ered to domestic consumers, and only if there is no interest, it will be exported.

Some of the tender conditions is that company has constructed at least 2 CHPP in last 10 years and annual income of 300 million EUR in last 5 years. Construction period must not be longer than 30 months. Deadline is schedualed for 2nd July, 2008. The cost of the project is estimated at 220-250 million euros. The work of the contractor will consist of the main project, construction, delivery, installation, testing and the start of the power plant. It is planned that a joint venture agreement will regulate management in the new company.

ELEM will organize site visit on 21-22 of April. Deadline for schedu-ale of visit is 14th of April.

§ § §

Cash penalty to EVN within next week (Macedonia)

EVN will receive penalty for “double accounting” in electricity bills. Anti Monopoly commission said that EVN has accounted fi x ex-pense (6 Macedonian denars) two times per each bill, earning 90 000 euros by month more.

It is still not known how high will the penalty be, bit it is estimated to be between 1-10% of overall annual income (according to law regulations). EVN said that there will be no fi x expenses in electricity bills from March, but they claim that bills were according to law.

§ § §

service during the strike, while 900 MW was out of service due to overhaul.

Greece is suff ering blackouts, mostly in June and July, both on the mainland and in the islands. The main reason for the rising demand is new air conditioning units. Greece also has problems with low effi cient buildings, which makes consumption in summer period even greater.

§ § §

TPP Negotino started with production (Macedonia)

On 1st of March, TPP Negotino has started with production with 85 MW. TPP has 210 MW output. Heavy oil TPP is working periodicly due to operational costs, moslty for Macedonian or Greece needs. In this case, TPP has been started in order to cover missing quanti-ties of energy, resulted by reduced production of HPPs.

Goverment did not announce what would be the cost of 1 month operation of TPP Negotino. Goverment offi cial Ivica Bocevski said that these potential expenses were included in Macedonian budget for 2008, and that there is an agreement with refi nery OKTA, regard-ing price and oil reserves. In the half of 2006, goverment bought oil from OKTA, for 20 million euros. That was enought for 3 months op-eration. Since then, price of oil has almost doubled. Electricity pro-duced in TPP Negotino has higher price than imported electricity.

TPP NEgotino will be operational until missing quantities are se-cured from recently announced 300 GWh import.

§ § §

9 companies applied on call for electricity import

(Macedonia)

9 companies have applied on MEPSO call for urgent electricity im-port in Macedonia. Bids were received from GEN-I (Slovenia), EFT (Switzerland), EGL (Switzerland), Rudnap Group (Serbia), Korlea (Slovakia), Vivid Power EAD (Bulgaria), EZPADA and Re Trading (Chezch republic) and Energy trading (Germany).

Off ered price for day energy is between 67.75 to 119.4 EUR/MWh, and between 29.92 to 76.88 EUR/MWh for night energy. 300 GWh will be imported, for period from 16th March till 31 December 2008. Commision will evaluate bids and present off fi cial statement soon.

MEPSO demanded to import electricity in period March 16 until De-cember 31, 2008. Electricity import in period March 16-31 will be 27.2 GWh, in April 10.2 GWh, in May 59.21 GWh, in June 69.0 GWh, in July 23.25 GWh, in August 23.25 GWh, in September 15.3 GWh, in October 22.5 GWh, in November 30.6 GWh, while in December, electricity import will be 21.08 GWh.

In this year, the national power producer, ELEM, should produce 5.5 TWh of electricity, comparing to 6.2 TWh in 2004, 6.47 TWh in 2005 and 6.33 TWh in 20006.

MEPSO already contracted import of 587.225 GWh of electricity in this year, for which it paid some 63 million euros.

Macedonia is expiriencing lack of energy, due to reduced water fl ow to HPPs. Overall power production in February was down by 4.7%.

§ § §

20


Electricity resumed to Silmak (Macedonia)

Macedonia’s transmission system operator stopped delivery of electricity to Silmak. MEPSO explained that, starting from January 1, Silmak was not tariff customer anymore, and since the company did not manage to purchase electricity on free market, MEPSO was forced to disconnect company from electricity grid. Prior this deci-sion, MEPSO was granted approval from REC. Starting from January 1, MEPSO was not obliged anymore to provide electricity for indus-trial customers.

Director of Silmak, Zvonko Stojanovski, said that, in the past sev-eral months, the management warned the government that Silmak would not be able to purchase electricity on free market. The fac-tory, which employs 700 people, was forced to stop production in the fi rst week of January. Stojanovski said that any interruption in electricity supply causes some 1.5 to 2 million euros of expenses for the company.

In the end of February, agreement was reached. State-owned Mace-donian power plants (ELEM) should deliver 30 MWh/h of electricity during night to Silmak. In the same time, Silmak promised to import missing 30 MWh/h of electricity during day. Stavrevski said that the latest agreement would not provide profi t but also would not incur losses to national power company. Arranged price of electricity for night periods is 21.5 EUR/MWh.

On 13th of March, electricity has been resumed, and Silmak started heat up process. It is expected that production will be started 10 days later. 3 units of Silmak were resumed, and it is expected that 450 workers will be back on their jobs.

§ § §

Tender for estimation of lignite reserves soon (Macedonia)

ELEM has announced their intentions for publishing international tender for the research of lignite deposits in Mariovo region. Earlyer analysis shows that there are reserves of lignite on 3 regions: Man-astir, Belcista and Vitolista. Current estimations show that there is around 110 million tons of lignite.

Currently, there are two possibilities. New TPP will be built near exploration location, or lignite will be transferred to existing TPPs, Bitola and Oslomej. Recent analysis showed that estimated coal de-posits are of good quality, 97 tonnes are easily accessible and may secure operations of TPP for 30 years. It is proposed that a new TPP is built with a total capacity of 1400 GWh/year.

In the related news, government has expressed interest in further evaluation of oil, natural gas and lignite reserves. There are no ad-ditional informations, but tender could be expected.

§ § §

Second phase of renewal of HPP Piva started (Montenegro)

In the beginning of March, the second phase of renewal and mod-ernization of hydropower plant (HPP) Piva (3x 100 MW) started.

During this phase, the power output of all three units will be in-creased. The project should be completed by 2013, while the total cost of the project will be known after feasibility study and main project papers were prepared.

Director of the HPP Piva, Dragan Cizmovic said that 17 million euros would be invested for scrutinizing of all equipment in the HPP as well as the entire structure of the HPP. KfW bank provided 16 mil-lion euros for this part of the project, while 1 million euros will be provided through donations. The advisors in this project are Swiss company Kolenko and Serbian Energoprojekt, which were the best bidders in the tender.

During this stage of renewal, HPP will produce electricity according to plans, since the works will be carried out during the period of regular annual overhaul, director said. In this year, HPP Piva should produce 762 GWh of electricity, comparing to 520 GWh produced last year (32 % lower than planned).

The fi rst phase of renewal of HPP Piva lasted four years. In that pe-riod, new exciting system of the generators were installed.

§ § §

EPCG reduced losses to 22.76 %, 17.2 million euros of

savings (Montenegro)

In 2007, Power utility of Montenegro (EPCG) managed to reduce losses from 29.07 % in 2006 down to 22.76 %. EPCG said that some 162.43 GWh of electricity or some 17.2 million euros was saved.

The savings related to collection of fi nes for illegal electricity con-sumption reached 716,000 euros. The overall savings in 2007, which was achieved by implementation of Strategy for loss reduction, reached 22.19 million euros, EPCG said. In the same period, expens-es reached 2.3 million euros.

§ § §

Only ten bids accepted in tender for construction of small

HPPs (Montenegro)

Ministry of economic development said that only 10 bids submitted in the tender for exploration and construction of small hydropower plants (HPPs) were accepted. There were 20 bids for particular HPPs. The offi cials proposed that tender procedure for those construction sites should be continued.

The procedure for 29 out of 43 construction sites off ered by the government of Montenegro was cancelled due to inadequate of-fers, while for four sites, there were no off ers, the ministry said.

Deputy minister of economic development Miodrag Canovic an-nounced that new tender for construction of small HPP should be launched soon.

In November last year, the state launched a tender for granting the concessions for conduction of researches and the construction of small HPPs in accordance to DBOT (Design Build Operate and Trans-fer) agreements. The concession contracts should be signed for pe-riod of 30 years.

38 companies submitted 145 bids in the tender. Among others, the bids in the tender were submitted by Power utility of Montenegro (EPCG), EFT, NTE Montenegro (joint venture of Norwegian power company and local company Zetagradnja) and local companies Normal company, Celebic, Fab live, Bast, PJ&N, LUC, Balkan Energy, Renewable energy Montenegro, Izomont, Hemera Kapital, and Hid-roenergija Montenegro.The bids were also submitted by Poteza (Slovenia), Technor Energy (Norway), Caraglio impiantieletrici (Ita-

21


ly), Energie zotter bau and Web windenergie (both from Austria), and Elna Kabel (Croatia),

According to tender terms, the HPPs with power output up to 10 MW should be built on confl uences of rivers Piva, Lim, Moraca, Ibar Tara, Cehotina, Zaslapnica , Zeta Gracanica and Grahovo Lake.

In this moment, the guaranteed price of electricity from small HPPs is some 6.9 eurocents/kWh. According to some analyses, the con-struction price of small HPPs in Montenegro is estimated at 1.5 mil-lion euros/MW, which is considerably higher comparing to average prices in the World due to high price of land.

§ § §

Government approved privatization model for EPCG, 55 %

stake to remain state owned (Montenegro)

In the fi rst week of March, the government of Montenegro adopted privatization plan for 2008. According to this plan, minority stake in Power utility of Montenegro (EPCG) should be privatized, where at least 55 % stake should remain state owned, vice prime minister Vujica Lazovic said.

Lazovic believes that EPCG should be privatized through recapitali-zation or sale of minority stake in the company.

In the same time, the speaker of the parliament Ranko Krivokapic, who is Lazovic’s party colleague, explained that preserving the ma-jority stake in EPCG is in line with the national energy strategy. He said that EPCG’s shares should be off ered to some electricity pro-ducer from EU. Krivokapic also believes that Montenegro should build more hydropower plants, having in mind large unused hydro potential.

On the other hand, the association of minority shareholders in EPCG said that the latest announcements for privatization of EPCG were just empty words. Only the introduction of market electricity prices and listing the EPCG’s shares in foreign stock exchanges could bring development to the company, minority shareholders concluded.

§ § §

Regulator to reject request of EPCG for increase in

electricity price (Montenegro)

Regulatory energy agency (REA) warned Power utility of Montene-gro (EPCG) it would reject company’s request for increase in prices if the company did not correct it by the end of March.

According to REA, EPCG’s request was both incomplete and not clear enough. Offi cials said the expenses presented in the request were ambiguous and that request did not include effi ciency pro-grams.

EPCG submitted the request in the end of February claiming 250 million euros of expenses and another 56 million euros for return of investments in this year

§ § §

Privatization of small HPPs to fi nish in 2008 (Romania)

Hydropower producer Hidroelectrica announced it should privatize remaining 86 state-owned small hydropower plants (HPPs) in this year. The small HPPs have power output of up to 10 MW.

31 small HPPs will be off ered for sale in April this year, while the preparations for sale procedure will start in March. 48 small HPPs were sold in 2006.

According to company’s press release, 16 small HPPs were sold in February for 11 million euros, twice as more compared to ini-tial price. The HPPs were sold in an auction to Wienstrom Austria, Romenergo and the consortium of H&M Co. Negresti Oas and Les-caci Negresti Oas.

According to Accession agreement with EU, Romania is obliged to privatize all of 150 small HPPs.

§ § §

Energy complex Craiova to deliver 1.85 TWh of electricity

to Petrom (Romania)

Energy complex (EC) Craiova won in the tender for supply of 1.85 TWh of electricity to oil company Petrom in 2008. According to sources, the worth of contract is 116 million euros. EC Craiova out-bid Enel, CEZ and E.ON.

General manager of EC Craiova Ion Dinculescu confi rmed that com-pany won in two auctions launched by Petrom. He did not want to reveal the worth of the contract due to confi dentiality reasons.

According to contract, 1.15 TWh will be delivered to the exploration and production division of Petrom starting from April 1. 0.7 TWh will be delivered to Doljchim (chemical plant) and Arpechim (oil re-fi nery) starting from July 1.

§ § §

25 % reduction in heat energy consumption in the last

three years (Romania)

Romania’s Association of Thermal Power Metering Services Pro-viders (ANPSC) said that average heat energy consumption in the country was reduced by 25 % during 2006 – 2007, compared with 2003 - 2004

In 2007, annual average consumption per apartment stood at 8 gi-gacalories, comparing to 10.84 gigacalories reported in 2003.

In capital Bucharest, average heat consumption per apartment in January this year reached 1.37 gigacalories, compared to 1.77 giga-calories in 2004. The weather conditions were similar.

Individual heat energy metering system in Romania was introduced in 1995. In this moment, some 42 % of overall households connect-ed to central heating system are included in this system.

§ § §

22


Report on energy resources in January (Romania)

According to National Institute of Statistics (INS), primary energy resources in January reached 3.5637 million tons of oil equivalent (toe), which was 4.2 % lower comparing to last year. The domestic production reached 2.191 million toe (+6.9 %), while import of pri-mary energy resources reduced to 1.372 million toe (-17.8 %).

In the same time, electrical energy resources in January stood at 6.3 TWh (+13 %). The increase was the consequence of increased production by 677.1 GWh (+12.2 %) and increased import by 50.2 GWh (+125.8 %).

The production in thermal power plants (TPP) reduced by 341.6 GWh (-8.4 %). In the same time, the production in hydropower plants (HPPs) increased by 504 GWh (+52.8 %), while production in nuclear power plant (NPP) increased by 514.7 GWh (+97.2 %).

In January, electrical energy consumption reached 4.712 TWh (+6.2 %), while electricity export increased by 244.6 GWh (+73.5 %).

§ § §

Natural gas distributors announced increase in prices

(Romania)

Natural gas distributor Distrigaz Sud said that price of imported natural gas in the second quarter of this year should be increased from 370 dollars/1,000 cbm up to 420 dollars/1,000 cbm.

Deputy general manager of Distrigaz Sud, Marc Hirt explained that latest price increase of 8.5 %, which was imposed by National En-ergy Authority (ANRE) on February 1, was based on old price of im-ported gas. In the same time, Romania’s national currency depreci-ated against US dollar, Hirc said.

If the new price increase were approved, the households supplied by Distrigaz Sud should pay 390 dollars/1,000 cbm, while house-holds supplied by E.ON Romania should pay 387 dollars/1,000 cbm. During the same occasion, Distrigaz Sud confi rmed it has been ne-gotiating with Romgaz regarding three-year supply contract. Also, the company has been trying to sign longer term contract with Petrom.

In the same time, offi cials from E.ON Gaz Romania said that natural gas prices should rise by 12 % on April 1 and up to 20 % by the end of the year. If the price increase were not imposed, the company would report some 15 million euros of losses, offi cial said.

Commenting the unoffi cial requests of Distrigaz Sud and E.ON Gaz Romania, ANRE representatives said that they did not receive offi -cial requests regarding the price increases. ANRE still did not reach the decision on increase in natural gas prices after April 1, director of ANRE, Gabriel Sarbu said. The fi nal decision should be reached by the end of March.

In the same time, Petrom and Romgaz, two largest domestic natu-ral gas producer, which provide up to two third of country’s needs, have not demanded increase in domestic gas prices.

Minister of economy and fi nance, Varujan Vosganian said that there would be no large increase in natural gas prices, despite increase in international prices.

§ § §

ANRE granted electricity trading license to Distrigaz Sud

(Romania)

Romanian Energy Regulatory Authority (ANRE) granted electricity trading license to natural gas distributor Distrigaz Sud. This was said by the spokesperson of Distrigaz Sud, George Carpov.

The acquiring of the license will be the fi rst step in providing the electricity for company’s clients. Distrigaz Sud plans to provide both natural gas and electricity in Romania by 2010.

Distrigaz Sud, majority owned by Gaz de France since 2004, oper-ates 14,500 km long pipeline network in 19 counties including capi-tal Bucharest. The company announced to invest 80 million euros in 2008, mostly for upgrade of the gas distribution grid.

§ § §

Government to select six companies to take part in

construction of units 3 and 4 in NPP Cernavoda (Romania)

According to sources, ministry of economy and commerce should select Electrabel, Enel, Iberdrola, CEZ, Arcelor-Mittal and RWE to take a part in the construction of units 3 and 4 in nuclear power plant (NPP) Cernavoda. The future investors should have equal share of some 10 % in the project. The investors will be obliged to invest 30 % in cash for the project.

On the other hand, according to media in Czech Republic, CEZ, Elec-trabel, Enel and RWE could acquire 15 % stake in the project, while Iberdrola and Arcelor-Mittal should control 10 % each. The rest of 20 % of shares should be controlled by operator of existing units in NPP Cernavoda, Nuclearelectrica. Spokesperson of CEZ denied commenting abovementioned announcements before the agree-ment was signed and approved by all companies.

Negotiation commission confi rmed it had completed preparation of association agreement as well as the charter of the project com-pany on March 1 and handed them over to investors. The negotia-tion started in December last year. The fi nal agreement should be approved both by the government and by the investors.

According to previous announcements, the project company should be established in May 2008. The units should be operational in 2014-2015, and the cost of the construction of two 700 MW units is estimated at 2.2 billion euros.

§ § §

Book value of EPS estimated at 6.7 billion euros (Serbia)

According to the appraisal performed by Arthur D. Little, Entel and experts from Power utility of Serbia (EPS), the book value of Ser-bian power company stands at 6.7 billion euros. The amount is 44 % higher comparing to the worth of the company estimated in 2004.

During period of 10 months, experts have been estimating the worth of fi xed assets and equipment of EPS and all of economic so-cieties founded by EPS. The evaluation was made in accordance to international standards, where two methods were used in order to compare the results.

In its press release, EPS did not say how the worth of the company increased during past three years. General manager of EPS Vladimir

23


Djordjevic said that claims of the management of the company, said three years ago, that company is able to increase its worth without hasty privatization proved to be true. Djordjevic believes that EPS could become profi table and important company on regional mar-ket.

§ § §

EPS to invest funds in joint venture HPP Gornja Drina

(Serbia)

At the extraordinary session of the Management board of Power utility of Serbia (EPS), which took place in the beginning of March, the board reached decision for investing funds in the joint venture company Hydropower plants (HPPs) Gornja Drina ltd.

The joint venture will be responsible for construction of HPP Buk Bijela on river Drina.

EPS will have 50 % in the joint venture, while equal shares will be owned by Mixed holding Power utility of Republic of Srpska (RS) and HPP Visegrad.

The abovementioned decision is in accordance to the cooperation protocol signed by three parties in the second half of March

The main capital of the new company will be 52,000 euros, where EPS will invest 26,000 euros, and the rest will be invested by ERS and HPP Visegrad.

The Management board of EPS accepted the text of the Founda-tion agreement for HPP Gornja Drina. The founders of the joint ven-ture should increase the capital of the company through cash and non-cash contributions after the results of the feasibility study were presented. The partners should provide all necessary funds for con-struction of the new HPP and they would set the project deadlines.

The decision of the EPS’s board will be submitted to the govern-ment of Serbia for approval, after which, EPS will be able to sign the Agreement.

§ § §

Energy minister announced continuation of South stream

project. Russia expressed concerns (Serbia)

Minister of energy and mining Aleksandar Popovic announced that joint project company that will be in charge for construction of South stream pipeline in Serbia would be established by May 24. Popovic confi rmed that four out of six leading political parties in Serbian parliament approved the energy agreement signed by Ser-bia and Russia.

Minister Popovic also said that underground natural gas storage facility in Banatski Dvor should be built by the beginning of next winter.

The minister’s statement came after several local experts said that future of the Serbian –Russian agreement would be rather uncer-tain after government of Serbia resigned and after early parliamen-tary elections were called.

According to sources from Kremlin quoted by Serbian press, Rus-sian offi cials expressed serious concerns due to possibility that the energy agreement, which includes construction of natural gas pipeline, privatization of Serbian oil company and construction of

natural gas storage facility, would not be ratifi ed on time due to political crisis in Serbia.

Russian offi cials expect that Serbia should meet its obligations. Rus-sia is also concerned over the fact that government in Serbia is un-stable and unreliable. Sources also said that if the political parties, which were against of all or some of the terms in the energy agreement, won in the incom-ing elections, Serbia would be risking loosing the energy project of the century.

Offi cials from Gazprom were even more concerned over the delays in the ratifi cation, sources said. Gazprom believes that Serbia had enough time to fi nalize the agreement. According to Gazprom, Italy and Bulgaria, two other partners in South stream project, accepted that pipeline should pass across Serbia at the direct request of Rus-sia.

On the other hand, Speaker of Serbian parliament Oliver Dulic ex-plained that ratifi cation of the agreement was not possible accord-ing to the constitution of Serbia, having in mind that government did not submit the agreement for approval on time.

In the related news, acting general manager of Serbia’s gas com-pany, Srbijagas, Sasa Ilica believes that South stream pipeline in Serbia would be built by 2014. By 2011, feasibility study for the project would be made and necessary licenses would be acquired. The length of the pipeline in Serbia should be 500 km, while annual capacity should reach 10 billion cbm. According the agreement be-tween Russia and Serbia, Gazprom should control 51 % stake in the pipeline.

§ § §

Tenders for new thermal power plants to be launched in

March (Serbia)

Minister of energy and mining Aleksandar Popovic announced that the government could approve the request of Power utility of Ser-bia (EPS) for launching the tenders for construction of unit 3 in ther-mal power plant (TPP) Nikola Tesla B and fi nishing the construction of TPP Kolubara B.

The tenders could be launched in mid March. EPS is interested in reaching the strategic partnership with foreign respectable power companies, where EPS and partners would have equal shares in the projects.

According to estimations, the cost of construction of unit 3 in TPP Nikola Tesla B is some 900 million euros, while cost of completion of TPP Kolubara B is estimated at 700 million euros.

During the same occasion, the minister also announced plans for construction of 320 MW power plant near city of Sjenica. Accord-ing to Popovic, the construction of new hydropower plant (HPP) on Drina River, which will be jointly built by Serbia and Republic of Srp-ska (RS), should start by the end of the next year.

§ § §

Oil refi nery in Pancevo and Petrochemical factory

shutdown due to environmental pollution (Serbia)

The ministry of environment confi rmed it demanded from oil refi n-ery in Pancevo and Petrochemical factory in Pancevo to stop pro-duction due to high environmental pollution reported on March 10.

24


On that day, at the order of major of Pancevo, the sirens announced chemical danger in the city.

According to ministry, concentration of benzene in the air was 15 times as higher than allowed. The special commission should carry out technical analyses of the facilities and it should issue offi cial re-port, ministry confi rmed.

§ § §

Company / organization: EBRD, related Bulgaria

Enemona CNG project - General

Content: The project announced within this procurement no-tice will be fi nanced from the Kozloduy Internation-al Decommissioning Support Fund, established in 2001 for supporting the decommissioning of units 1- 4 of the Kozloduy Nuclear Power Plant. One of the purposes of this Fund is to fi nance or co-fi nance the preparation and implementation of selected projects that aim the necessary restructuring, up-grading and modernisation in the energy sector and improving energy effi ciency.

This General Procurement Notice draws attention to the forthcoming tender for Supply and installation of equipment for fi ve Compressed Natural Gas vehi-cles in Bulgaria. The purpose is the development of a natural gas supply system in towns Svilengrad and Kardjali in South-East Bulgaria.The project includes:

• Design, supply and installation of 5 vehicles for transportation of the natural gas from the com-pressed natural gas terminal on the high pressure distribution network to the terminals in the low pressure consumer distribution system.Budget for the project: €650,000.The invitation for tenders for the implementation of the project is expected in the second quarter of 2008. The invitations will be open to fi rms that qual-ify under the Procurement Policies and Rules of the EBRD and the KIDSF.

Deadline: 13 Feb 2009 at 00:00, Sofi a time

Contact: Mrs. Nadya Ivanova; Enemona Utilities EADBalscha str. 1, bl. 51408 Sofi a, BulgariaTel: +359 2 80 54 746; Fax: +359 2 91 79 873;e-mail: [email protected]


Kozloduy Nuclear Power Plant – General

Content: The following notice refers to goods, works and services to be procured through open tendering for projects fi nanced by the Kozloduy International Decommissioning Support Fund which is adminis-tered by the European Bank for Reconstruction and Development.

For more information, please visit http://www.ebrd.com/oppor/procure/opps/goods/general/070803a.htm

Deadline: 3 Aug 2008 at 24:00, Kozloduy time

Contact: Mr. Daryll Jones Fax. + 359 973 7 4508 E-mail: [email protected]

Company / organization: EPS, related Serbia

PUBLIC INVITATION TO THE BUYERS TO TENDER FOR ELECTRIC ENERGY WHICHIS TO BE SOLD IN THE PERIOD FROM 1ST APRIL 2008 TILL 30TH JUNE 2008

Content: LOT 1: 01.04.2008 – 30.04.2008, Monday – Sunday 00:00–24:00, except the periodfrom19 :00 till 22:00, (up to 100 МW, up to 12.000 MWh)LOT 2: 01.05.2008 – 31.05.2008, Monday – Sunday 00:00–24:00, (up to 100 МW,up to 12.000 MWh)LOT 3: 01.05.2008 – 31.05.2008, Monday – Sunday 00:00–24:00, except the periodfrom 20 :00 till 22:00, (up to 100 МW, up to 12.000 MWh)LOT 4: 01.06.2008 – 30.06..2008, Monday – Sunday 00:00–24:00, (up to100 МW,up to 12.000 MWh)LOT 5: 01.06. 2008 – 30.06.2008, Monday – Sunday 00:00–24:00, except the periodfrom 21 :00 till 23:00, ( up to 100 МW, up to 12.000 MWh)

More info on: http://www.eps.co.yu/news.htm

Deadline: 31st March 2008, at 17:00 (CET).

Contact: Ivan JankovićElectricity Trade DepartmentPhone: +381 11 3973 051; Fax: +381 11 3973 760;e-mail: [email protected]


Sofi a District Heating Rehabilitation

Content: The Kozloduy International Decommissioning Support Fund (KIDSF), administered by the European Bank for Reconstruction and Development (EBRD, was estab-lished in 2001 for the support of the decommissioning of Units 1-4 of the Kozloduy Nuclear Power Plant. One of the purposes of this Fund is to fi nance or co-fi nance preparation and implementation of selected projects that aim the necessary restructuring, upgrading and modernisation in various Bulgarian industry sectors consequential to fi nal shutdown of Units 1 - 4 of the Kozloduy Nuclear Power Plant.Toplofi kacia Sofi a AD, the joint stock district heating company serving the city of Sofi a is carrying out the rehabilitation of the centralized district heating sys-tem in the city. The District Heating Rehabilitation Project comprises modernization of district heating substations, replacement of pipelines, compensators, thermal insulation of over-ground pipelines, conver-sion to variable fl ow of the Sofi a district heating net-work.Toplofi kacia Sofi a AD intends to us grant funds of the Kozloduy International Decommissioning Support Fund (KIDSF) and own fi nancial sources for delivery, installation, testing and commissioning ofindividual heating substations units for space heat-ing and domestic hot water including heat exchang-ers, circulation pumps, control valves and automation devices. The budget for the project, subject of this GPN is about €2.5 million.

Deadline: 13 Mar 2009 at 00:00, Sofi a time

Contact: Mrs. Anastasiya MarkovaPIU Manager23 Jastrebetz St., 1680 Sofi a, BulgariaTel: +359 2 8593171Fax:+359 2 8599124E-mail: [email protected]

Tenders:

Electricity

25



Metamodul CNG for the Etropole gas supply system

Content: The Kozloduy International Decommissioning Support Fund (KIDSF), administered by the European Bank for Reconstruction and Development (EBRD, was estab-lished in 2001 for the support of the decommissioning of Units 1-4 of the Kozloduy Nuclear Power Plant. One of the purposes of this Fund is to fi nance or co-fi nance preparation and implementation of selected projects that aim the necessary restructuring, upgrading and modernisation in various Bulgarian industry sectors consequential to fi nal shutdown of Units 1 - 4 of the Kozloduy Nuclear Power Plant.Metamodul Ltd intends to use grants from the Ko-zloduy International Decommissioning Support Fund for supply of sets of technology and equipment for compression of natural gas and refuelling of vehicles with compressed natural gas (CNG).The budget for the project is €1.28 millionThe tendering for the above contract is expected to begin in the second quarter of 2008.


Contact: Mr. Christo PetkovTel. +359 2 818 00 10Fax: +359 2 818 00 20 [fax:]

Company / organization: EBRD, related Macedonia

Transmission Interconnection Project, four substations - GPN

Content: . The Macedonian Transmission System Operator (AD MEPSO) has received a loan from the European Bank for Reconstruction and Development and intends to use a part of the proceeds to fi nance the Rehabilita-tion of four 400/110 kV Substations in the Power Trans-mission System of Macedonia in Skopje, Dubrovo and Bitola.

The proposed project which has an estimated cost of EUR 5.65 million (excluding VAT) is intended to be im-plemented through three separate tender packages:

• Package I:Lot 1: Replacement of eight 400 kV circuit breakers in substations 400/110 kV Skopje 4, Dubrovo and Bitola 2Lot 2: Replacement of the existing protection systems for two 400/110 kV power transformers and bus cou-pler bay in substation 400/110 kV Dubrovo and two 400/110 kV power transformers and bus coupler bay in substation 400/110 kV Skopje 4.

• Package II:Rehabilitation of substations 400/110 kV Skopje 4 and Dubrovo with supply and installation of new bay con-trol units in the substations

• Package III:Lot1: Rehabilitation of substation 400/220/110 kV Skopje 1 with supply and installation of a new control system on 110 kV level and replacement of the exist-ing 110 kV protection systemLot2: Rehabilitation of substation 400/110 kV Bitola 2 with supply and installation of a new control system and replacement of the existing 400 kV and 110 kV protection systems.

Deadline: 31 Dec 2008 at 00:00, Skopje time

Contact: Sinisa Stancevski ; Project Manager AD MEPSO Tel: +389 2 3149 018 Fax: +389 2 3238 687

Company / organization: EBRD, related Bosnia and Herzegovina

Power Distribution Reconstruction-Substations 10(20)/0,4kV

Content: JP Elektroprivreda BiH d.d. Sarajevo (hereinafter re-ferred to as the Purchaser) intends to use part of the proceeds of a loan from the European Bank for Recon-struction and Development (the Bank) towards the cost of Power Distribution Reconstruction Project.The Purchaser now invites sealed tenders from Sup-plier for the following contract(s) to be funded from part of the proceeds of the loan:Procurement of Substations 10(20)/0,4 kVLot 1 Prefabricated Transformer Substations 10(20)/0,4 kVLot 2 Distribution Transformers 10(20)/0,4 kVLot 3 MV Switchgears and ApparatusLot 4 LV Distribution Board, Cabinets, Equipment for Power Factor Correction and FusesLot 5 Earthing EquipmentLot 6 Telemetry and Radio EquipmentTenders are invited for one or more lots. Each lot must be priced separately..


Contact: Mr. Nedeljko Despotović, PIU DirectorTel.+387 33 751 030Fax.+387 33 751 033e-mail: [email protected]


Varna city heating network rehabilitation KIDSF

Content: The projects announced within this procurement no-tice will be partially fi nanced from the Kozloduy Inter-national Decommissioning Support Fund, established in 2001 for supporting the decommissioning of units 1-4 of the Kozloduy Nuclear Power Plant. One of the purposes of this Fund is to fi nance or co-fi nance the preparation and implementation of selected projects that aim the necessary restructuring, upgrading and modernisation in the energy sector and improving energy effi ciency.This General Procurement Notice draws attention to the forthcoming tenders for technical specifi cation, supply of the materials and work installation. The pur-pose of the project is improvement of the energy effi -ciency by rehabilitation of the 1/3 of the heating pipe-lines network, reducing energy losses. This includes the replacement of 11 km of over 20 years old steel pipes, insulated with glass wadding and laid in con-crete ducts with pre-insulated steel pipes for direct bedding. The pipeline replacement concerns about 1/3 of the heat distribution network of the district heating network for heat transmission and distribu-tion pipelines of DN 50 to DN 500.

The rehabilitation process will be provided over three years, during spring and summer periods, in order to minimize the heat supply interruption in Varna city. The fi rst phase is planned to start in 2008, with the re-newal of 4 km of pipelines, in the area of Mladost.The main area to be tendered under the EBRD PPR for the KIDSF fi nancing is the supply of the pre-insulated pipe and additional material.Overall Budget for the project is €2.0 million, from which €0.4 million will be funded from the Kozloduy International Decommissioning Support Fund.

The invitation for tenders are expected in the fi rst quarter of 2008. The invitations will be open to fi rms that qualify under the Procurement Policies and Rules of the EBRD and the KIDSF.

26


Deadline: 22 Jan 2009 at 00:00, Varna time

Contact: Mr. Ilia Nikolaev Director of the board Tel: +359 52 500 670Fax: +359 52 750 358e-mail: [email protected]

Company / organization: EBRD, related Romania

Turceni Rehabilitation and Modernization Project

Content: This Invitation for Prequalifi cation follows the Gen-eral Procurement Notice for this project which was published in Procurement Opportunities, 5660-GPN-37696 / 21 Dec 2007 .

S.C. Complexul Energetic Turceni S.A. (the Employer) intends applying the proceeds of a loan from the Eu-ropean Bank for Reconstruction and Development [the Bank] towards the cost of The Rehabilitation and Modernisation of Power units 3 & 6 Project.

The Employer intends prequalifying fi rms and joint ventures to tender for the following contract to be funded from part of the proceeds of the loan:

• Contract for Plant and Design-Build for Electrical and Mechanical Plant, and for Building and Engi-neering Works, Designed by Contractor covering :

Rehabilitation and modernisation of the 1,035 t/h boiler and auxiliary plants for power units no 3 & 6 through increase time availability and effi ciency ; Rehabilitation and modernisation of the 330 MW turbine and auxiliary plants for power units no 3 & 6 through reduction of net specifi c consumption heat;

Modernisation of the control, protection and regu-lating system within the UCTE norms for power units no 3 & 6;

Reduction of NOx, CO and dust emission Rehabilitation and Modernisation of the solid fuel settlement fi rst phase, water handling and thermo-mechanical technologic systems for power units no 3 & 6 .

• Location : S.C. Complexul Energetic Turceni S.A., 1 Uzinei St., Turceni City, Gorj County, Romania, Postal Code 217520

• Estimated schedule : start-up in early 2009 , power unit 6 commissioning in late 2010 & power unit 3 commissioning in late 2012

Prequalifi cation and tendering for contract to be fi -nanced with the proceeds of a loan from the Bank is open to fi rms and joint ventures of fi rms from any country.

Deadline: 14 Apr 2008 at 12:00, Bucharest time

Contact: Popescu Adriana LuminitaUMIP Units 3 & 6S.C. Complexul Energetic Turceni S.A.1 Uzinei Street, Turceni City, Gorj County, Romania,Postal Code 217520Tel: +40 731 310 846Fax: +40 253 335 122Email: [email protected]


CFR Traction Energy Network Management LOT 1,2 - General

Content: This notice updates the General Procurement No-tice published on EBRD Website dated 22nd July 2005 under reference 5104-GPN-36043 and up-dated on 24 July 2006.

CFR Electrifi care is a Benefi ciary of a loan from the European Bank for Reconstruction and Develop-ment and intends to use its proceeds towards the cost of a project to continue modernisation and in-troduce cost-savings measures in management of its traction energy network. The proposed project, which has a total estimated cost of EUR 26 million equivalent (EUR 22m from the Bank and EUR 4m in VAT and other taxes), will require the procurement of the following goods, works and services:

Lot 1: Supply and Installation of equipment sets for the Upgrading and Rehabilitation of 12 trac-tion substations 110/25kV and the associated sec-tioning/subsectioning posts and disconnectors remote control

Lot 2: Supply and Installation of equipment sets for the control and surveillance (SCADA) of four railway energy dispatchers: DEF Timisoara, DEF Caransebes, DEF Craiova and DEF Targu-Jiu. Ten-dering for the above contracts is expected to be-gin in the fourth quarter of 2007.

Contracts to be fi nanced 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 fi rms 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 Coun-cil taken under Chapter VII of the Charter of the United Nations or under a law of offi cial regulation of the Purchaser’s country.

Deadline: 22 Oct 2008 at 00:00, Bucharest time

Contact: Mr I Truica, Technical DirectorS.C. Electrifi care SA, B-dul D Golescu nr.38Bucharest, RomaniaTel: + 40 213192512Email: [email protected]

27



Rehab and Extension of Power Transmission Network LOT 1,2,3

Content: The National Electric Company – NEK-EAD (the “Em-ployer”) intends using the proceeds of the grant funds provided by the “Kozloduy International De-commissioning Support Fund” (the “KIDSF”), admin-istered by the European Bank for Reconstruction and Development (the “Bank”) and of its own fi nan-cial sources towards the cost of the “Rehabilitation and Extension of the Power Transmission Network Project - substations Tzarevetz, Burgas, Metalur-gichna”.

The project, which has a total estimated cost of EUR 14.6 million, includes the implementation of the fol-lowing three projects:

(i) Project „Rehabilitation and extension of s/s Tzare-vetz 400/110/31,5 kV”Procurement of equipment for the replacement and the extension of the 400 kV switchyard (400/110/31,5 kV equipment, shunt reactors, relay protections, control system); design works, procurement of ma-terials, installation and erection works (foundations, steel structures, roads, cable channels, fences, com-missioning and training).

(ii) Project „Rehabilitation and extension of s/s Bur-gas 400/110/31,5 kV”Procurement of equipment for the replacement and the extension of the 400 kV switchyard (400/110/31,5 kV equipment, shunt reactors, relay protections, control system); design works, procurement of ma-terials, installation and erection works (foundations, steel structures, roads, cable channels, fences, com-missioning and training).

(iii) Project „Rehabilitation of s/s Metalurgichna 400/110/31,5 kV”Procurement of equipment for the replacement of the 400 kV switchyard (400/110/31,5 kV equipment, shunt reactors, relay protections, control system); design works, procurement of materials, installation and erection works (foundations, steel structures, roads, cable channels, fences, commissioning and training).

The Contracts in reference shall be awarded in com-pliance with the EBRD Procurement Policies and Rules and will be open to fi rms that qualify under the Rules of the KIDS Fund: The eligible countries as at 1 November 2007 are: EU member states, Switzer-land, all so-called PHARE countries and the EBRD’s Countries of Operations.

Deadline: 13 Nov 2008 at 00:00, Sofi a time

Contact: Mrs. Ludmila Vitanova Head of Investment DepartmentNatsionalna Elektricheska Kompania 5, “Vesletz” str.,1040 Sofi aBULGARIATel.: +359 2 9263 552Fax: +359 2 986 12 88E-mail: [email protected]


CFR Traction Energy Network Management LOT 1,2 - General

Content: CFR Electrifi care is a Benefi ciary of a loan from the Europe-an Bank for Reconstruction and Development and intends to use its proceeds towards the cost of a project to contin-ue modernisation and introduce cost-savings measures in management of its traction energy network. The proposed project, which has a total estimated cost of EUR 26 million equivalent (EUR 22m from the Bank and EUR 4m in VAT and other taxes), will require the procurement of the following goods, works and services:Lot 1: Supply and Installation of equipment sets for the Upgrading andRehabilitation of 12 traction substations 110/25kV and the associatedsectioning/subsectioning posts and disconnectors remote controlLot 2: Supply and Installation of equipment sets for the control and surveillance (SCADA) of four railway energy dispatchers: DEF Timisoara, DEF Caransebes, DEF Craiova and DEF Targu-Jiu.

Deadline: 22 Oct 2008 at 00:00, Bucharest time.

Contact: Mr I Truica; Technical DirectorS.C. Electrifi care SA B-dul D Golescu nr.38Bucharest, RomaniaTel: + 40 21 3192512; Email: [email protected]


Iasi District Heating Project

Content: This General Procurement Notice (GPN) updates the fi rst GPN for this project published in Procurement Opportuni-ties, on 6 February 2006 with the Ref: 5189-GPN -35162. S.C. Centrala Electrică de Termofi care (CET).Iaşi S.A. has re-ceived a loan from the European Bank of Reconstruction and Development and intends using the proceeds for re-furbishment of the city district heating. The Project, which has a total estimated cost of about €31.8 million, proposed to be fi nanced by the Bank, the Swiss Government and S.C.CET Iasi S.A, will require the procurement of the following goods and works: - Supply and Installation of thermal modules (expected to be partly donor funded) - Supply and Installation of the equipment in the Central Sub-stations, including the automation equipment (ex-pected to be partly donor funded) - Rehabilitation Works for the Central Sub-stations, includ-ing Buildings Rehabilitation - Rehabilitation Works for the Heat Distribution Network Tendering for the above is expected to start in the 1st quarter 2007. Contracts to be fi nanced with the proceeds of a loan from the bank will be subject to the Bank’s Procurement Poli-cies and Rules and will be open to fi rms 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 offi cial regulation of the Purchaser’s coun-try.

Deadline: 25 Apr 2008 at 24:00, Iasi time

Contact: Centrala Electrica de Termofi care Iasi ( CET) SA Project Im-plementation Unit Contact name: Mrs. Buzea Doina Address: Calea Chisinaului Street, no. 25 Iasi; Postal code: 700265 Iasi, Romania Phone: +40-232-231675 Fax: +40-232-231675

28


Company / organization: EBRD, Serbia

Electric Power Industry of Serbia

Content: This notice updates the General Procurement No-tice for this project which was posted on the EBRD website on 19 November 2003. Electric Power Industry of Serbia (EPS) is construct-ing and conducting an installation of a reliable over-burden removal system at Tamnava West lignite mine fi nanced from a loan from the European Bank for Reconstruction and Development (EBRD) and the Kreditanstalt fuer Wiederaufbau (KfW).

EPS has applied for an EBRD loan for the realization of the following parts of the new lignite mining sys-tem: • New Bucket Wheel Excavator • New Belt Conveyor system (co-fi nanced by KfW) • New shifting devices

EPS has further applied for KfW loan for the follow-ing parts of the new system: • Parts of the new belt conveyor system • New power supply system • Spreader integrating new and available parts

Tendering process is completed and contract reali-zation for the above goods and services is ongoing and project completion is planned for the second quarter of 2009.

Deadline: 12 June 2008 at 24:00, Beograd time

Contact: Mr. Slobodan Mitrović or Mr. Aleksandar Gajić Tel.. + 381-11-397-1926 Fax: + 391-11-397-1923 e-mail: [email protected] or aleksandar.gajic@ eps.co.yu


Pernik District Heating Rehabilitation Project

Content: Toplofi kacia Pernik EAD, hereinafter referred to as “The Employer”, intends using part of the proceeds of a Grant from the Kozloduy International Decom-missioning Support Fund (KIDSF) administrated by the European Bank for Reconstruction and Develop-ment (the Bank) towards the cost of “Pernik District Heating Rehabilitation Project”. The project has ac-cumulated savings of €180,000 which is intended to be used for Construction and Installation Works (CIW) needed for the rehabilitation of the heat trans-mission network.

Contracts to be fi nanced with the KIDSF grant will be subject to the Bank’s Procurement Policies and Rules. Tendering for contracts to be fi nanced with the proceeds of a grant administered by the Bank is now open to fi rms from Austria, Belgium, Bulgaria, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxemburg, Portugal, Spain, Sweden, Swit-zerland, UK, Cyprus, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Malta, the Netherlands, Poland, Romania, Slovakia, Slovenia, all the so called PHARE and countries of EBRD operations.

Deadline: 12 June 2008 at 24:00, Pernik time

Contact: eng. Gergana Koleva Moshino, CHP Plant Republika 2303 Pernik, Bulgaria Tel./Fax.: +359 (076) 670 675

Company / organization: EBRD, related Bosnia and Herzegovina

Power Distribution Reconstruction Project

Content: This GPN updates the notice published on the EBRD website on 11 November 2005. Bosnia and Herze-govina has applied for a loan from the European Bank for Reconstruction and Development (“The Bank”) towards the cost of reconstructing and mod-ernising the electricity distribution infrastructure in Bosnia and Herzegovina, enabling the three local power utilities (Elektroprivreda Bosne Hercegovine (“EPBIH”); Elektroprivreda Republike Srpske (“EPRS”) and Elektroprivreda Hrvatske Zajednice Herceg Bosne (“EPHZHB”)) to improve reliability and qual-ity of electricity supply, reduce losses and improve energy effi ciency. The proposed project has a total estimated cost of Euro 55 million, proposed to be fi nanced by the EBRD, and will require the procurement of the fol-lowing goods, works and services for: (a) Goods and related Services for purchasing of metering equipment for residential consumption and Low and Medium Voltage substations, Low and Medium Voltage transformers, cables and auxiliary equipment for Low and Medium Voltage lines, ma-chinery and equipment for the installation of the aforementioned items; (b) Works for the installation of the aforementioned items; (c) Consulting services to support the three Project Implementation Units established by the three power utilities. Tendering for contracts under (c) above was com-pleted in June 2006. Procurement for goods & serv-ices and works under (a) and (b) abovehas started and should be completed by December 2007.

Deadline: 2 June 2008 at 24:00, Mostar time

Contact: Mr. Josip Jerkovic PIU Director Tel:+387 36 323 788 Fax:+387 36 322 831 Email: [email protected]

29


Oil and Gas


Bulgartransgaz Silistra System Development

Content: Bulgartransgaz EAD intends to use the proceeds of the Grant funds provided by the Kozloduy International De-commissioning Support Fund, administered by the Euro-pean Bank for Reconstruction and Development and its own resources to fi nance the cost and complete the Project for delivery and construction of high pressure gas pipeline to, and gas regulation station in Silistra. The Project, which has a total estimated cost of EUR 10.7 million, will require the following deliveries and construction services:

A. Delivery of steel pipes and fi ttings for a gas pipeline.Delivery of about 80 km of steel pipes for high pressure gas pipeline (PN 64), most of which are DN 300 (14”) and other pipes of smaller diameter as well as fi ttings, required for the construction of the gas pipeline.

B. Delivery of gas valves. Delivery of gas valves for high pressure gas pipeline (PN 64), mainly DN 300 (14”) and others of smaller diameter.

C. Overall delivery, supervision and commissioning of technological equipment for the Unattended Gas Regula-tion Station (UGRS).Delivery, Supervision and Commissioning of one complete set of technological equipment for the Construction of an Unattended Gas Regulation Station. Gas Regulation Sta-tion is a facility for regulation of gas pressure, equipped with commercial metering devices.

D. Construction of high pressure gas pipeline to, and gas regulation station in Silistra.Construction and Commissioning of about 80 km gas transmission pipeline, optical fi ber cable line within the gas pipeline easement and an UGRS (including the value of the used equipment and materials, except the delivered under the above Delivery Contracts A, B and C). The con-struction includes:

• Temporary construction and preparatory works;• Delivery of materials and equipment (except of those in-cluded in the Delivery Contracts (A, B and C) above;• Construction and installation;• Pre-commissioning and commissioning tests;• Getting Permission on Commissioning by the competent control authorities;• Remedy of defects within the warranty periods after the acceptance by the State Acceptance Commission and Per-mission for use of the constructed pipeline and UGRS.

The Contracts in reference shall be awarded in compliance with the EBRD Procurement Policies and Rules and will be open to fi rms that qualify under the Rules of the KIDS Fund: The eligible countries as at 1 November 2007 are: EU member states, Switzerland, all so-called PHARE countries and the EBRD’s Countries of Operations. The proceeds of the Grant shall not be used for the purpose of any pay-ment to persons or entities, or for any import of goods, if such payment or import is prohibited by a decision of the United Nations Security Council taken under Chapter VII of the Charter of the United Nations or under a law or offi cial regulation of the purchaser’s country.

Deadline: 3 Nov 2008 at 00:00, Sofi a time.

Contact: Mr. Angel SemerdjievExecutive DirectorBulgartransgaz EAD66, Pancho Vladigerov Blvd.Sofi a 1336BulgariaFax : + 359 29396462e-mail: [email protected]

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