Ebioss asks green light for adding fresh capital
Sofia-based engineering and waste treatment company Ebioss Energy a.d. said it will seek shareholders’ approval for a capital increase of up to BGN 70 million (EUR 35.76 million), SeeNews reported. The annual meeting, scheduled for June 16, should authorise the board to issue capital by December 12, 2017, the company said in a bourse filing late on Monday. The […]
Turkey to return incentives for power plants on coal
The government of Turkey is set to reintroduce incentives and environmental exemptions for coal-fired power plants, Hürriyet Daily News reported. The measures were cancelled by the Constitutional Court over ecological concerns. The draft law will pave the way for all privatized coal-fired power plants to be exempted from environmental regulations until 2020, the portal reported. These power plants […]
Electrica lifts profit by 12% year on year in first quarter
Romanian power supplier and distributor Electrica Group posted net consolidated profits of RON 142 million (EUR 31.5 million) in the three months through March, up by 12% from the same period of the previous year. According to the company’s press release, EBITDA was also increased by 12%, to EUR 57.3 million. Operating profit in the first quarter […]
Seventh Zagreb Energy Week
Seventh in a row, Zagreb Energy Week took place from May 9 to May 14 under the slogan „Development we don’t want to stop, but pollution we can!“ Various local and regional stakeholders took part in this event and highlighted once more the importance of energy efficiency and sustainable development. This year’s Zagreb Energy Week […]
Network of Energy Efficient Capital Cities in SEE meets at 7th Zagreb Energy Week
As members of the Network of Energy Efficient Capital Cities in South-East Europe (NEEC SEE), representatives of the cities of Zagreb, Sarajevo, Skopje, Podgorica, Tirana and Freiburg as a model city, gathered at the 7th Energy Week Zagreb. The event was held in form of a working partner meeting and addressed, among other topics, the […]
IFC supports green bond to mobilize private funds
International Finance Corporation, member of the World Bank Group, said it invested USD 50 million (EUR 44.7 million) in a green or sustainable bond issue of the Industrial Development Bank of Turkey (TSKB). This is the first such security issued from Turkey in international debt capital markets. The issue size of the bond is EUR […]
MEPSO working on last stage of Skoplje–Tetovo powerline
State-owned company Electricity Transmission System Operator of Macedonia (MEPSO) has started works on the last stage of 110 kV powerline linking Skopje and Tetovo, news agency MIA reported. The whole project is worth EUR 3.5 million, the company said in a statement. The new powerline will replace the old one, in use for 60 years. […]
Electricity consumption in Romania increases by 8.5%
As local companies used 10.6% more energy, electricity consumption rose 8.5% in the first quarter of the year, data from the National Statistics Institute (INS) showed, according to a report published by Romania Insider. Public lightning was up 1.8%, while individual consumers used 2.4% more electricity. Total production rose by 0.3% year on year, to […]