HEP books rise in profit in six months through June
Unaudited financial reports for the first half of the year showed Croatian government-owned power utility HEP Group’s unconsolidated net profit climbed to HRK 1.22 billion (EUR 163 million) from EUR 126 million in the equivalent period of 2015, due to higher financial income and lower operating expenses. Investments jumped 72.5% to EUR 23.3 million. They […]
Probe finds holes, profiteering in green power subsidies
The Audit Office of the Republic of Cyprus recommended to the state authorities to stop subsidizing the country’s wind farms to avoid further strain on the Renewable Energy Sources Fund and thus the taxpayers. An administrative procedure was conducted after a request in July last year by Andros Kyprianou, leader of the opposition and general secretary of […]
Construction of Vranduk hydropower plant officially begins
A ceremony to mark the start of the construction of a green energy project worth EUR 57.4 million was held yesterday on the territory of the city of Zenica in central Bosnia and Herzegovina. Works on the system which will have a capacity of 19.6 MW were launched in late July. Vranduk HPP, located next […]
Switzerland funds community energy project in Belgrade suburb
Primary school ’Olga Petrov’ in the Belgrade northern suburb of Padinska Skela has been reconstructed respecting the standards of energy efficiency. This project is a part of EUR 8 million project developed and implemented by Swiss Secretariat for Economic Affairs (SECO), city of Belgrade and the Government of Serbia, the Serbian capital’s portal reported last […]
World Bank warns water must be more expensive
Annual investments necessary for water supply and channeling aren’t possible with current prices, too low to secure funds, representatives of the World Bank told Serbian authorities. At a meeting this week in the Chamber of Commerce and Industry of Serbia (PKS), organized in cooperation with the Ministry of Agriculture and Environmental Protection and Republic Water […]
Italy supports Western Balkan 6 day-ahead market integration
Italian national energy regulator Autoritá per l’energia elettrica, il gas e il sistema idrico has joined the Western Balkan 6 day-ahead market integration and cross- border balancing initiative. That is the first EU stakeholder in the project announced Energy Community on its website. Italian state energy regulator signed the Memorandum of Understanding (MoU) on Regional […]
Investment in buildings would boost energy security – BPIE report
The latest report by the Buildings Performance Institute Europe (BPIE) finds Slovakia and Hungary face a severe risk, and Bulgaria a substantial risk to become unable to heat the national building stock. The report presents the new Building Vulnerability Indicator and offers an alternative solution to mitigating supply risks in Central and Southeastern Europe through […]
Green infrastructure may increase Serbia’s GDP by 1%
Serbia could increase its GDP by 1% with more investments into green infrastructure, according to Siniša Mitrović, Adviser to the President in the Serbian Chamber of Commerce and Industry (PKS). Speaking today at a conference in Belgrade organized by Danas Conference Center, he stated the PKS has initiated the creation of a strategy for circular […]
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