Hidroelectrica to have EUR 800 million budget for HPP upgrades by 2020

State-owned power utility Hidroelectrica will have EUR 800 million at its disposal by 2020 to modernize the hydropower plants (HPPs) it currently operates, according to Romania’s draft Energy Sector Strategy for the period 2018-2030 with projections until 2050, local media reported. The strategic document also envisages EUR 2.5 billion in investments for completing new hydropower […]

Electricity September 28, 2018

The first-ever ESCO project signed in Cyprus, RE-Pro says

RE-Pro Group, an Austrian company owned by international billionaire businesswoman Elena Baturina, continues the expansion of its business to generate, use, and market renewable energy in Europe and has recently signed the first-ever ESCO-related project in Cyprus, according to a press release from RE-Pro Group. The ESCO (Energy Services Company) market focuses on improving energy […]

Energy Community mediates dispute between state, HPP Energji Ashta

The Energy Community Secretariat’s Dispute Resolution and Negotiation Centre has organized the first meetings with the parties and all other entities involved in the dispute related to balancing issues in the Albanian hydro sector, the Energy Community Secretariat has said in a press release. The parties involved are the Ministry of Infrastructure and Energy of […]

Electricity September 26, 2018