EBRD sells stake in Romania’s Green Group
The European Bank for Reconstruction and Development (EBRD) said it divested its share in Romania’s Green Group, specialized in consumer packaging waste recycling. The firm embarks on its next stage of development and sets its sights on a public listing, the press release states. EBRD’s stake, as well as the part owned by Global Finance, […]
Montenegro inaugurates recycling center in Žabljak
A waste recycling centre worth EUR 2.4 million was opened in the town of Žabljak. The construction of the facility, which includes a transfer station, was equally funded by Montenegro and Slovenia, the Government of Montenegro said on its website. Prime minister Milo Đukanović and Slovenia’s foreign minister Viktor Erjavec attended the ceremony. The two […]
IFC joining EBRD in investment in Akfen’s green energy
The International Finance Corporation will join the European Bank for Reconstruction and Development in supporting the renewables branch of Turkish conglomerate Akfen Holding with a combined investment of EUR 175.5 million, SeeNews reported. The two development banks will have equal stakes in Akfen Yenilenebilir Enerji AŞ and make equal investments, according to a public filing. […]
Coupling Croatia with Slovenia may take until end of 2017
Estimates for day-ahead market coupling of Croatia with Slovenia are being revised to be set for the final quarter of next year. ICIS portal revealed it obtained information the schedule initially determined for the second half of 2016 was off and that the possible hike in prices in Croatia may be postponed. Integration with the […]
Slovenian-Japanese project NEDO to start by September
As early as next month or in September, the first phase of testing of new technologies and solutions in working smart networks could be initiated as a result of bilateral cooperation between Slovenia and Japan. NEDO demonstrational project, which will last for three years and is worth EUR 30 million, comes against a backdrop of […]
Visoko to upgrade, expand water supply with EBRD’s help
A project summary document by the European Bank for Reconstruction and Development revealed a EUR 4.5 million loan is in preparation for the Municipality of Visoko in Bosnia and Herzegovina to expand water supply. The target for the decision by the board, pending final review, is July 20. The project aims to enable connection of […]
Electricity consumption lowered by one fifth in April
Last month households in Montenegro consumed 87 GWh of electricity, 20.6% less than in the previous month and 9.5% under the level from April of last year, state-owned utility Electric Power Company of Montenegro (EPCG) stated on its website. The average electricity bill for households, excluding non-read metering points in buildings not permanently resided, amounted […]
Separation of FC Distribucija good sign for new suppliers
The plan for the unbundling of the distribution sector (FC Distribucija) from state-owned utility EPCG to a separate entity sends a positive signal to new electricity suppliers and improves business environment for their arrival, said Energy Regulatory Agency (RAE), news agency Mina-Business reported. The separation of is not going to make good environment for new electricity suppliers […]
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