EPCG’s quarterly profit falls by almost one third
State-owned utility Electric Power Company of Montenegro (EPCG), based in Nikšić, concluded the third quarter with a profit of EUR 12.69 million, 30.4% less than from the corresponding period of last year. The financial report published on Montenegroberza’s website revealed expenditures in Elektroprivreda Crne Gore a. d. rose 5.4% to EUR 170.65 million. Material accounted […]
Power sector reform financed with EUR 200 million
The European Bank for Reconstruction and Development said it is supporting a comprehensive reform programme for the power sector in Serbia by extending a EUR 200 million restructuring line to Electric Power Industry of Serbia (EPS), a state-owned utility that generates, distributes and supplies electricity. The sovereign-guaranteed loan will help the company restructure its balance sheet and […]
Green light for EU-financed concentrated solar power projects
The cabinet approved funding on October 29 for CY EOS Green Energy project by Alfa Mediterranean Enterprises Ltd. for a 50 MW solar thermal power park in the Alassa area in Limassol, portal In-Cyprus reported. The concentrated solar power project was selected for funding within the framework of the second phase of the NER300 programme […]
Regulator renews power trading permit for HEP-Trade
A draft license was granted to company HEP-Trade d. o. o. from Mostar for the activity of international trade in electricity, according to a release by the State Electricity Regulatory Commission (SERC), Brčko District’s administrative body. The local self-governing authority officially belongs to both entities that make up Bosnia and Herzegovina. Brčko is located in […]
Share of renewables in buildings to reach two thirds
To reach the target of reduction in energy consumption of 15% by 2020 and 30% by 2030, compared to 2005 levels, overall investments in buildings should be EUR 350–450 million a year or EUR 6.7 billion in total, according to the strategy adopted by the Government of Slovenia, STA said. The document forsees that homeowners […]
Kolektor commissions five small hydropower plants
The irrigation system on the Bošava river was reconstructed and the supply channel capacity from the water reservoir was increased to fit five small hydroelectric systems and supply the municipalities of Kavadarci, Rosoman and Negotino with water.
PPC Renewables granted permit for biomass facility
A wholly-owned green energy subsidiary of Public Power Corporation, the main power utility, has been granted a permit to develop a 25 MW biomass power plant in the Kozani area, northern Greece, by the Regulatory Authority for Energy (RAE), Energy Press reported. PPC Renewables’ facility is planned to run on fuel provided by agricultural crops […]
Timişoara’s renewables research lab second in Europe
Digi24 television reported that after an EUR 8 million investment, the second renewable energy research laboratory in Europe was recently completed in Timişoara in western Romania. The researchers are looking for the best way to use solar energy, which they say will ensure the world’s future, according to an article by Romania-Insider. The lab has […]
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