IFC helps glass maker save energy in Turkey, Bulgaria
Long-term financing package is being provided to Trakya Cam Sanayii AŞ, Turkey’s flat glass and solar glass manufacturer, and its subsidiary Trakya Glass Bulgaria EAD, International Finance Corporation said. The aim of the USD 75 million (EUR 67.9 million) investment of the World Bank Group’s member is to boost energy efficiency and help mitigate climate […]
Power purchase agreement may cure deal fatigue
No country of this region can hope for a prosperous future without closer cooperation with its neighbours and Europe. Gaetano Massara, CEO of GE South East Europe, the world’s leading infrastructure technology provider, who is covering 11 countries of the region from his Belgrade and Zagreb offices, told Balkan Green Energy News that looking at […]
Canton grants concession for SHPP in Olovo
As investor Energonova DOO from Sarajevo agreed to a fee of 10% and to invest at least BAM 80,000 (EUR 40,920) in village infrastructure, the authorities of Zenica–Doboj Canton approved the concession for the construction of a small hydropower plant in Petrovići in the territory of Olovo, in central part of Bosnia and Herzegovina. The […]
Island of Vis to host solar power plant of 2 MW
A remote Adriatic islet in Split–Dalmatia County may get its first power plant and significant energy autonomy, as it currently depends on a submarine link with the island of Hvar. Vis mayor Ivo Radica told Dalmacija News a location permit for the solar power plant is needed, as is a spatial plan for the wider […]
Geothermal power generation launch set for 2017
Turcas Petrol AŞ, based in Istanbul, plans to invest UDS 65 million (EUR 58.84 million) in a geothermal project in Aydin province and start generating power in 2017 as part of its joint long-term transformation strategy with Azerbaijan’s Azalternativenerji to invest in renewables in both countries, the company’s chief executive officer Batu Aksoy said. A […]
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, […]