Small hydropower project changes ownership structure

Company Radius, registered in Herceg Novi, stepped out of the concession contract for the construction of a small hydropower plant (SHPP) on Murinska rijeka in the municipality of Plav in Montenegro’s east. According to a document issued by the state government, the share is transferred to Industriaimport–Industriaimpex. The concession was granted in 2010 to a […]

News March 10, 2016

EBRD co-finances hydropower unit on Bistrica stream

As consortium Hydro Bistrica, concessionaire for the construction of small hydropower facilities on Bistrica river, reached an agreement with the European Bank for Reconstruction and Development (EBRD) about additional financing, the Government of Montenegro approved the contract for a loan of EUR 6 million. The concession contract from April 2014 enables the construction of one […]

Framework covers donor-funded environmental projects

Minister of agriculture and environmental protection Snežana Bogosavljević Bošković announced the Green Fund of the Republic of Serbia will start its operations on January 1 next year as a body within the institution. Speaking at a meeting of the National Investments Committee, she presented the progress made in the implementation of investments in the field […]

News March 10, 2016

Herzegovina got five photovoltaic plants in past year

Over 150 days of sunshine per year is an asset for solar power plants in the region of Herzegovina. Five have been launched in the last year and there are four more applications on the desk of the regulating body, ATV’s portal reported. Nebojša Šušić, who is responsible for permits and technical operations in the […]

News March 10, 2016

Montenegro suspends new concessions for renewables

Montenegrin Ministry of Economy said it ceased to receive applications and initiatives for concessions to be granted to investors in renewable energy sources. The suspension will last until the end of 2016, as a report needs to be prepared for the Government of Montenegro and the Energy Community by then to determine whether the national […]

News March 10, 2016

Belgrade boosting energy efficiency in public firms

Learning Energy Efficiency Networks (LEEN) project for seven public enterprises of Belgrade was presented in the Old Palace, the town hall, by assistant mayor Borko Milosavljević. The endeavour will be implemented with the assistance of the Government of Serbia and the German state of Baden-Württemberg. Regional Agency for Development and European Integration (RADEI) of Belgrade, […]

News March 9, 2016