Enel’s subsidiary posts EUR 64 million profit in Q1
Enel’s EBITDA in Romania fell by 1.5% in the first quarter, from EUR 65 million a year ago to EUR 64 million, according to data released by the Italian group and quoted by Mediafax. The company has obtained earnings before interest and taxes (EBIT) down by 26% from EUR 50 million a year ago to […]
Investment in hydro plant operator vehicle planned by EBRD
European Bank for Reconstruction and Development said it is considering an equity investment of up to USD 35 million (EUR 30.73 million) to acquire up to a 20% stake in holding company HoldCo, a vehicle to be established as a 100% owner of five operating run-of-the-river hydropower plants (HPPs) currently owned by Rönesans Enerji and […]
Agreements for construction of 19 small hydro facilities
After the completion of the sixth round of concession granting procedure, the Ministry of Environment and Spatial Planning of Macedonia signed agreements with 12 investors for the construction of 19 small hydropower plants, Republika.mk said. The one-time concession fee is MKD 150 million (EUR 2.44 million). The contract expires after 23 years, including three years […]
Parliament approves law on power from renewable sources
A large majority of lawmakers adopted legislation on measures in the field of electricity produced from renewable energy sources, according to a press release issued by the Ministry of Energy, Small and Medium Sized Enterprises and Business Environment, Business-review.eu reported. The business magazine’s portal said producers and operators who were not issued individual decisions authorization […]
Formal launch of works on Krnovo wind power plant
Montenegro’s Krnovo Green Energy has marked the official start of construction works on the 72 MW Krnovo wind power plant with an estimated investment value of EUR 120 million, SeeNews portal cited local media reports. The consortium of France’s Akuo and Austria’s Ivicom has been awarded a permit to build the wind park. Krnovo Green […]
Regional Alterenergy platform network enhances Renexpo
Small and medium enterprises from the Adriatic region, engaged in the sectors of energy saving and renewable energy, met in April at the Renexpo Western Balkans fair in Belgrade, during the business meeting opened with the Alterenergy strategic project – funded within the IPA Adriatic Cross-border Cooperation Programme 2007–2013, Alter-energy.eu website reported. There were more […]
First round of infrastructure projects receives EU funding
Innovation and Networks Executive Agency (INEA) has signed 15 grant agreements for priority energy infrastructure projects, the first of 34 to receive a total of EUR 647 million under the European Union’s Connecting Europe Facility 2014 call for proposals, Investment.albaniaenergy.org portal said. The presentation of Albanian Centre for Energy Regulation and Conservation – Acerc, reported […]
Government aims 30 percent renewable energy usage by 2023
Turkey’s Energy Market Regulatory Authority has received 14 times more pre-license applications than its allocated capacity for wind power plants, Mustafa Yılmaz, head of the authority, revealed on May 6, Anadolu Agency reported. At the 21st International Energy and Environment Fair and Conference (ICCI 2015) in Istanbul, he said the allocated capacity for wind power […]
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