Svilosa paper mill investing in cogeneration
Planned power and heat generation in paper producer Svilosa AD will be able to burn biomass produced by the waste water treatment plant of the nearby town of Svishtov, on the Danube, Publics.bg reported. The Bulgarian company will invest EUR 30 million in cogeneration. The mill will also be boasting a new substation which should […]
EBRD approves funds for Krnovo wind power plant
The European Bank for Reconstruction and Development (EBRD) is supporting the first commercial wind power plant in Montenegro, to be located at Krnovo, near the town of Nikšić in the western part of the country. Also, the government in Podgorica agreed on July 23 for French development bank of Proparco to join the project lenders. […]
EBRD to promote innovative waste recycling projects
The European Bank for Reconstruction and Development said it launched a programme to finance investments aimed at minimising waste and increasing resource efficiency in the industry, agribusiness and municipal sectors. The Near-Zero Waste initiative is set to drive a profound transformation of waste management in a move to help Turkey advance towards a more competitive, […]
Nordex gets contracts for 64.2 MW in string of deals
Three contracts for the installation of N117/2400 and the N117/3000 turbines in Turkey, totalling 64.2 MW, were awarded to Germany’s Nordex. According to its press release, the company will be supplying seven N117/3000 Generation Delta turbines for the Ödemiş wind farm to the new customer Erdem Holding. This order also includes a premium-service contract for […]
Romania interested in exporting power to Serbia
During his visit to Serbia on July 16, Romania’s president Klaus Iohannis said his country is interested in exporting electricity to Southeastern Europe’s markets, including Serbia. The exports could be made through specialized companies that operate on the two markets, he added after meeting his Serbian counterpart Tomislav Nikolić, Business Insider reported. Romania and Serbia […]
Fintel Energia signs term sheet for Košava wind farm
MK-Fintel Wind AD, subsidiary of Fintel Energia Group SpA, signed a term sheet with a consortium formed by international partners to finance, build and operate a wind farm of up to 128.7 MW of installed power in the municipality of Vršac northeast of capital Belgrade. The consortium will acquire, subject to certain requirements, the majority […]
Grid set for 60 MW of power capacity from renewables
Several units generating power from renewable sources, from overall investments of over EUR 100 million, may soon be connected to the grid,
Seepex aims launch of day-ahead market by end-November
Operator of electric power exchange for Serbia and Southeastern Europe was signed up at the Business Registers Agency, state-owned electricity grid operator EMS said. Regulation and application procedure for future members will be known by the end of August, and the system’s testing is scheduled for September, the press release said. South Eastern European Power […]