BOYANOV & Co. Advises EnerSys Holdings (Luxembourg) S.a.r.l. on the Sale of its Stake in EnerSys AD to Recocycling EOOD

On 31 May 2021 the sale of the Bulgarian subsidiary of EnerSys Holdings (Luxembourg) S.a.r.l. – EnerSys AD, to Recocycling EOOD was completed.

Will the Romanian Offshore Be the Expected Investment Driver for New Energy Projects?

Authors: Ruxandra Bologa and Emanuel Flechea, NNDKP With the main goal of the EU being to cut CO2 emissions in order to become carbon neutral by 2050, offshore represents valuable “available space” for the development of clean energy projects. While in some cases offshore is already a crowded place, other offshore locations are still free of significant energy infrastructure. Therefore, planning ahead is more important than ever. The EU has already acknowledged the potential of offshore energy projects to help Member States reaching their climate goals through the EU Strategy on offshore…

Divestment of OMV’s business in Slovenia

As part of their EUR 2 billion disposal program, OMV AG has recently announced the second divestment package comprising Borealis’ nitrogen business and OMV’s business in Slovenia.

KALO & ASSOCIATES Assisted in Drafting Council of Ministers Decisions

In an EBRD funded project, KALO & ASSOCIATES assisted in the drafting of the following Council of Ministers Decisions.

NNDKP Assists DKV with its Further Expansion on the Romanian Market

Nestor Nestor Diculescu Kingston Petersen (NNDKP) provided legal assistance to DKV in the acquisition of Smart Diesel, the largest independent fuel company in Romania.

A Combined Heat and Power Plant to be Built in Sofia

The Sofia municipality-owned heating utility “Toplofikatsiya Sofia” launched a tender for EUR 149.4 million for the construction of a combined heat and power plant in Sofia.

HRADF Tender for the Privatisation of DEPA Infrastructure

HRADF is expecting the binding offers in early 2021.

HRADF Tender for the Privatisation of DEPA Commercial S.A.

Submission of binding offers is expected by March 2021.

The State Puts for Sale an Additional 25% of the Equity of the Greek Electricity Transmission System Operator

The Greek State will put for sale an additional 25% of the equity of the Greek Electricity Transmission System Operator.

North Macedonia Joins the Alexandroupolis LNG Project

The Government of North Macedonia announced that the country will join the project for the construction of a liquefied natural gas (LNG) terminal in Alexandroupolis, developed by Gastrade, a Greek utility company.

HRADF to Launch an International Tender

HRADF will launch an international tender to sell a 49% equity stake in Hellenic Electricity Distribution Network Operator.

Financing Construction of Maestrale Ring Wind Farm

Maestrale Ring will be built in the northern part of Serbia, close to the town of Subotica. The project is worth EUR 700 million and is developed by Fintel Energija company. Maestrale ring, with a power of 600 MW, is envisaged to be the biggest wind farm in this part of Europe. Construction of the wind farm should start in 2022. The latest update on the Maestrale project is that the local municipality approved the regulation plan for the construction of a 600 MW wind farm.