Terna

The negotiations between the GEK Terna group and investment funds of Arab interests, which are now in the driver's seat for the acquisition of Terna Energy, are on a good track, Kathimerini understands.

Athens-listed Mytilineos SA announced on Tuesday that its Renewables and Storage Development (RSD) Business Unit has been awarded a total sum of 26 megawatts for battery energy storage systems (BESS) to provide fast reserve grid services for Terna, the Italian transmission system operator.

The government has opened the way for the further privatization of the Independent Power Transmission Operator (ADMIE) through a legislative adjustment to the environmental framework, though the process itself will not start before this fall.

The Montenegro-Italy submarine power cable has been deployed under an investment that will enable Montenegro to become an energy hub for the Balkan countries, said Terna CEO Luigi Ferraris, adding that the commencement of commercial use is planned by the end of the year.

The deadline for submitting offers for the Sofia Airport concession was extended due to the great interest of the candidates in the procedure. This was announced by Minister of Transport Rossen Zhelyazkov during the Forum ''Entrepreneurship. Development. Perspectives ", which took place in Pomorie.

Buyers made a comeback at the Greek stock market on Friday, as they took the benchmark more than 1 percent higher while turnover surged above 150 million euros. The market appeared to have been expecting that Greece's credit rating would be upgraded by Standard & Poor's.

Vucic told TV Pink on Tuesday that there were four bidders, "from Switzerland, France; Indians and Greeks, Koreans, Turks and Russians" - which, according to him, speaks to the interest that exists in the airport.

Prime Minister Ana Brnabic said this on Wednesday, adding that the concession would be fully transparent and that the concessionaire would also be paying an annual fee.

Asked whether Air Serbia was in a crisis, Brnabic told RTS that the carrier was trying to operate in a very demanding market, and that it was succeeding.

French grid operator RTE, a unit of state-owned utility EDF, says it is considering a bid for Greek grid operator ADMIE and would be ready to play a role in consolidating Europe's power networks if European Union regulations allow this.

Serbian experts are in two minds over the benefits to Serbia of purchasing shares in Montenegro's transmission system operator, Crnogorski elektroprenosni sistem, CGES.

Serbia's public enterprise Elektromreza Srbije, EMS, on Tuesday bought 10 per cent of CGES for more than 13 million euro, also acquiring a seat on the board of CGES.