Government and A2A agree to prolong partnership
Minister of Economy Vladimir Kavarić said the Government of Montenegro and Italian-based company A2A have reached an agreement on the basic elements of future cooperation and the extension of cooperation for five years once the shareholders’ agreement in the Electric Power Industry of Montenegro (EPCG) gets signed towards the end of the year. Meanwhile, the […]
Exemptions for green certificates for 19 companies
The Ministry of Economy, Commerce and Tourism has granted 19 energy intensive companies agreements for exemption from a part of the number of green certificates in the mandatory quota, Business Review magazine reported. Some get exemptions between 40% and 85% in order to keep their competitiveness. Earlier, renewable energy association Patres said the green certificate […]
Capital addition for Brodarevo HPP with talks on sale
Reservoir Capital Corp. said it intends to undertake a private placement to raise CAD 1 million (EUR 680,000) through the issue of two million units at EUR 0.34 each. The Canadian renewable energy company is engaged in the development of a 59.1 MW hydroelectric project at Brodarevo on the River Lim in southern Serbia. On […]
Paper producer Natron-Hayat starts CHP project
The energy ministry of the Federation of Bosnia and Herzegovina said local paper mill operator Natron-Hayat d. o. o. from Maglaj has applied for an energy permit for a biomass-fired combined heat and power (CHP) plant, SeeNews reports. The company, subsidiary of a member of Hayat Holding Group from Turkey, plans to build a facility […]
Young inventor’s LED lamps save up to 70% of energy
Zlatan Imamović from Lukavac and his father decided to start a business of the future – production of LED lamps which cost down to half the market price. The idea appeared after his father, who had a small audio and video repair service business, lost his job after 24 years because of rapid progress of […]
Germany writes off EUR 20 million from debt of BiH
After it met the relevant prerequisite by investing EUR 4 million in the rehabilitation of hydropower plants of Trebinje and Rama, Bosnia and Herzegovina had EUR 20 million of its debt written off by Germany. The government in Berlin had pledged to the move if BiH invests a set amount in the advancement of its […]
HPP Zvornik enters EUR 70 million overhaul
One of the oldest hydropower plants (HPPs) on the Drina river is being refurbished in a project worth EUR 70 million. The 96 MW Zvornik facility of four units has a dam holding a 25 kilometre long artificial lake, and the four-year project will extend its working life by 40 years, according to Electric Power […]
Sixth renewable energy stakeholders’ forum
USAID Clean Energy Investment Project, Renewable Energy Association within the Chamber of Commerce and the International Finance Corporation’s (IFC) Balkan Renewable Energy Program organized the 6th Renewable Energy Stakeholders’ Forum in Skopje. The forums represent a new mechanism for public private dialogue in the field. They gather stakeholders in the area, including project developers, investors, […]