Energy savings target for 2020 set at 14.5%
The government has set an energy savings target of 14.5% for the year 2020, a senior energy ministry official told the members of parliament, Cyprus Mail’s portal reported. Every percentage point in energy savings currently corresponds to EUR 10 million, said Stelios Chimonas, permanent secretary of the Ministry of Energy, Commerce, Industry and Tourism of […]
IBEX power market starts in December?
The Bulgarian energy exchange, a basis for the full liberalization of the country’s market, may be launched in early December. Most of all, this is strengthening competition between producers and traders, said Ivan Ivanov, chairperson of the Energy and Water Regulatory Commission (EWRC). “In the second place, this is the free choice of the consumers, […]
Industry invests in energy efficiency measures
Reduction of energy consumption in manufacturing through investments in new technologies and products was one of the most important topics of a conference organized by the Delegation of German Economy (AHK) in Serbia and the Federal Ministry of Economic Affairs and Energy. Professionals from business areas and responsible institutions in Serbia and Germany presented examples, […]
Oil belongs in the soil, environmentalists say
Friends of the Earth (FoE) Cyprus organised an event in Nicosia to highlight the upcoming Climate Summit in Paris by symbolically burying fossil fuels and saying: ‘Oil must be kept in the soil’, Cyprus Mail reported. Members of the public who took part wrote down solutions and actions to tackle climate change, and build a […]
Abu Dhabi mulls funding pellet production
Factory Vektra Jakić, located in Pljevlja in Montenegro’s north, is a potential user of loans from the Abu Dhabi Fund for Development. Owner Dragan Brković said credit support would enable the launch of pellet production, completing the primary cycle in a lumber system, according to a statement by the Ministry of Agriculture and Rural Development. […]
Alstom joins submarine cable project
Installation of undersea interconnection between Montenegro and Italy will include Alstom, according to an article by Dnevne novine. Portal CdM reported the French company was hired by Toshiba T&D Europe, which is responsible of constructing two conversion stations in Pescara in Italy and Kotor in Montenegro. Alstom will design and install its high voltage direct […]
Embezzlement probe at wind power operators
Prosecutors from the National Anticorruption Directorate (DNA) Suceava conducted a search at headquarters of two companies in Bacău county for suspicion that European funds of EUR 2 million were embezzled, Romanian news agency Act Media reported. The exact amount will be established following evaluations on materials found, said DNA spokesperson Livia Săplăcan. The beneficiary of […]
BDK advises Akuo Energy on Krnovo wind power plant
BDK’s Partner Dragoljub Cibulić and Managing Associate in Montenegro Luka Popović have advised Akuo Energy, the French producer of renewable energy, on the development of the first wind power plant at Krnovo, near the town of Niksić in Montenegro, reads the press release published on the law office web site. The construction works commenced in […]