CGES invested EUR 42 million in electricity grid
The interest of regional and international companies in Montenegrin Power Transmission System (CGES) is an important indicator of the company’s quality and its position in the overall market, the Ministry of Economy told Dnevne novine newspaper. The company has so far invested over EUR 42 million in the local grid, Mina-Business reported. Ministry adds great […]
Geothermal plant will have at least 10 MW in power
Croatia’s first geothermal power plant project, with the choice of Turboden as the provider, is planned for the launch of construction in March. The site is located near Bjelovar in the country’s north at the hottest spring in Croatia, which was discovered 25 years ago. The expected temperature is higher than 170 degrees Celsius, state-controlled […]
Fondul Proprietatea evaluates Hidroelectrica at EUR 3 billion
Fondul Proprietatea (FP) assessed the 19.9% equity stake in Hidroelectrica SA in December to be worth RON 2.65 billion (EUR 586 million), valuing the whole company is at EUR 3 billion, up 22% from the previous estimate, The Diplomat reported. The revisions of December 2013 and 2014 were upward, but the last update had the […]
Works on Vranduk hydroelectric project to start in six months
Consortium of Strabag AG from Austria and Croatian company Končar – Power Plant and Electric Traction Engineering Inc. (Končar – Ket) started the design phase for the project of a dam and hydroelectric facility Vranduk in central Bosnia. After the documentation is produced, equipment can be mounted and the construction works can commence, state television’s […]
Romania least energy dependent in the region
Following Norway, Estonia, Denmark and Iceland, Romania had the highest position by energy independence in Europe in 2014. Importing only 17% of the consumption demand, it fared the best among the markets followed by Balkan Green Energy News, Eurostat’s data showed. The overall result for the EU was 53.4%, in the range of the readings for the […]
Only 906 green certificates traded in January
Opcom, the energy market operator, said the Centralized Green Certificates Market (PCCV) experienced a veritable crash last month, portal Nine o’Clock reported. Only 104 sale offers and three purchase offers were registered. The number of units traded stood at just 906. The closing price was RON 131.08 (EUR 29.26) per certificate. The volume traded dropped […]
Siemens, Belgrade reach deal on business cooperation
Siniša Mali, mayor of Serbia’s capital city, and representatives of Germany’s Siemens AG signed an agreement on business and technical cooperation in the field of technical infrastructure, energy sustainability and transportation, Belgrade administration said. “The City of Belgrade puts great efforts into modernization and sustainable development and this is why, for instance, we completed the […]
Works on roads to wind projects in Alibunar underway
The Municipality of Alibunar in Serbia’s northern province of Vojvodina has signed an agreement with Belgian-based company WindVision SA/NV for funding and conducting preparatory works for the construction of two wind farms, Dnevnik newspaper’s portal reported. The project is for the construction and renewal of unclassified roads of 60 kilometres in order to transport equipment […]
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