Friday, September 7, 2012

Balkans drought fuel fear of repeat winter energy crisis

Maja Zuvela in Reuters:  A second straight winter of blackouts and escalating energy prices is hanging over the Balkans as the driest weather in 40 years has depleted water levels and shows no signs of easing.

Hydro power accounts for about a quarter of the region's generation, and with nearly 1,800 MW of coal-fired capacity offline for planned maintenance, utilities may have to turn to costly imports to maintain supply as they did a year ago.

"If the drought continues the situation in the power sector is set to be very difficult and the prices in the Balkans will for sure increase," Vladimir Djordjevic of the Belgrade-based power trading group Rudnap told Reuters.

"Market participants cannot count on any surplus from Romania which had exported a bulk of its electricity and many of Western Balkans capacities are offline."….

Water-gate on Miljacka River in Sarajevo, near Alifakovac. Shot by Emx, Wikimedia Commons, under the Creative Commons Attribution-Share Alike 3.0 Unported license

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