SEE CAO enters second year of operation
Coordinated Auction Office in South East Europe – SEE CAO said it completed auctions for electricity for January, after in late November yearly auctions for 2016 were finished, one year into operation. Complete sequence of borders from Croatia to Turkey is included for the first time in coordinated capacity allocation procedure. The anniversary of coordinated […]
National EITI report published for 2013, 2014
Albania is one of 49 countries complying with the Extractive Industry Transparency Initiative (EITI). The government published the report on the extraction of oil, gas and other minerals, contribution of this industry to the budget and allocation and spending of income. The EITI report for the years 2013 and 2014 provides an overview which includes […]
EBRD acquires stake in Akfen’s renewable energy arm
In its first direct equity investment in Turkey’s power sector, the European Bank for Reconstruction and Development (EBRD) is acquiring a 20% stake in the renewable energy subsidiary of Akfen Holding, one of the leading infrastructure groups in the country. The USD 100 million (EUR 91.5 million) investment will provide a further boost to the […]
Şekerbank arranges credit line for green energy, SMEs
A multi-currency syndicated loan facility of USD 115 million (EUR 105.8 million) was secured by Şekerbank TAŞ. Part of the package will go for green lines in support of energy efficiency and renewable energy projects, SeeNews reports. The line was arranged by the Korea Development Bank (KDB) and Dutch development bank FMO. The proceeds will […]
Thermal power plant to be converted to cogeneration
Bucharest’s thermal energy supplier Radet will convert the heat power plant located in the Casa Presei building, in the north of Bucharest, into a cogeneration plant, Romania Insider reported. The company’s board approved a EUR 8.21 million investment earlier in December, Agerpress said. The inhabitants in the north of the capital will mostly benefit from […]
Renewable energy capacity tops EU targets
Romania’s green energy capabilities have reached the mandatory levels set by the European Commission for 2030, portal Nine o’Clock reported, adding that the new energy minister Victor Grigorescu pushes for yet bigger green energy quotas. Although two years ago it was believed that once the restrictions concerning green certificates trading come into force investments in […]
Kruševac upgrades public lighting helped by GIZ, SKGO
An overhaul of 120 street lights in the centre of Kruševac was completed through the implementation of a pilot project conducted under the regional project Energy Efficiency in Municipal Associations (EeMA), financed by governments of Germany and Switzerland. It was implemented by the German Development Cooperation (GIZ) through its Open Regional Funds for South-East Europe […]
OPCOM becomes nominated electricity market operator
Romanian gas and electricity operator said it was designated by the Romanian Energy Regulatory Authority (Anre) as nominated electricity market operator (NEMO) for fulfilling tasks related to the coupling of the day-ahead and intraday markets. The designation of Opcom was performed according to European Union regulation for an initial period of four years. The rules […]
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