EBRD funds clean technology in Tüpraş, Şişecam
A long-term loan agreement of EUR 42 million was signed by the European Bank for Reconstruction and Development and glass producer Türkiye Şişe ve Cam Fabrikaları AŞ (Şişecam), with the aim to finance recycling and energy efficiency. The bank said it will also support the largest resource efficiency program in the Turkish industrial sector to […]
Investors in Vranduk brief locals on project schedule
People from the community living in the vicinity of the location of future hydropower plant Vranduk convened with investors, contractors and the representatives of the European Bank for Reconstruction and Development in the refurbished social centre after works started at the end of last month. The meeting, held on August 3, was organized to lay […]
Enel wins case brought on by government
The Arbitration Court in Paris ruled against Romania’s state energy holdings administration company SAPE SA in the case for alleged breaches of privatization contract by Italian Enel SpA. The government earlier lost processes involving E.ON and ČEZ, which had also acquired branches of state-owned Electrica SA. The current case was for damages of over EUR […]
EBRD’s chief Chakrabarti touring Western Balkans
The last three years had been very productive for the European Bank for Reconstruction and Development in Montenegro, accounting for around half of the total EUR 530 million of investments in the country since it started work there, said Suma Chakrabarti, the international financing institution’s president. During his visit to the former Yugoslav republic within […]
Montenegro ranks concessions for four small hydro projects
The Ministry of Economy of Montenegro said a tender commission has determined the rankings in the procedure of granting concessions for the construction of small hydro stations to produce electricity at locations on four watercourses in the country’s north and central areas, while the offer for Sjevernica was rejected as invalid. First-ranked bidders were selected […]
Teen funds small hydropower unit with pocket money
Nineteen-year-old Zoran Samardžić managed to tap electricity for lighting for a village house and front yard by designing and installing a turbine on the local water stream. He told RTRS television station he built and assembled all the parts with help of a few grownups and friends with more expertise. The young man from Bileća […]
BPB Bank enters EBRD’s green energy programme
A new bank in Kosovo* has joined the energy efficiency financing programme of the European Bank for Reconstruction and Development. Under an agreement signed by Suma Chakrabarti, EBRD’s president, and Arton Celina, the chief executive officer of BPB, the bank will receive a EUR 1 million credit line for on-lending to small and medium-sized enterprises […]
Subotica decides not to withdraw part of KfW loan
At the local assembly meeting the City of Subotica approved the proposal by public heating utility JKP Subotička toplana not to withdraw EUR 1.7 million, part of a loan provided by KfW Development Bank, portal Subotica.com reported. The package worth EUR 4.5 million for the heating plant was agreed on in 2012 with the assistance […]
