Startup Solagro tops first PowerUp! competition in Serbia
Startup Solagro, made up of Nemanja Janić, Marko Kaličanin and Đorđe Đorđević, won the first PowerUp! competition in Serbia with its innovative idea for a smart recycling system. Solagro also won the opportunity to compete with finalists from 24 Central European countries as part of the fourth edition of the PowerUp! Competition, which began on […]
CMEC considering construction of wind farms at Galica, Vlašić location
Prime Minister of the Central Bosnia Canton (SBK) Tahir Lendo met with representatives of local firms Tomix Kneževo and TLG Travnik, as well as China Machinery Engineering Corporation (CMEC) to discuss the construction of wind farms at the locations of Galica and Vlašić. CMEC and the two companies from Bosnia and Herzegovina started cooperation a […]
Hidroelectrica eyeing acquisition opportunities
Romanian power utility Hidroelectrica is considering the acquisition of wind and solar plants in Romania, as well as energy companies abroad, CEO Bogdan Badea said, Romanian media reported. According to ZiarulFinanciar, Hidroelectrica plans to open electricity trading office in Hungary. The biggest Romanian hydropower producer intends to inaugurate the office in Budapest, Hungary in September. […]
Romania deploys its section of 400 kV Resita-Pančevo electricity interconnector
Romania’s electricity transmission company Transelectrica has launched a double-circuit 400 kV electricity transmission line between Resita in Romania and Pančevo in Serbia, under an investment worth some EUR 18 million (RON 81.5 million). Construction work on the overhead line (OHL) started in October 2014, and the Romanian section is 63 kilometers long, with 206 transmission […]
Parliamentary Forum for Energy Policy: Political will crucial for energy transition
Members of parliament (MPs) can be generators of political will, which is a prerequisite for energy transition, while the Serbian Parliamentary Energy Policy Forum is an ideal example of good practice in this area, the forum participants said at the fifth meeting. At the 5th meeting of the forum entitled “Energy and Climate Change – […]
Feed-in premiums, auctions seen replacing “obsolete” feed-in tariff model
The feed-in tariff model of incentives for renewable energy production is obsolete, and the next step will be the introduction of feed-in premiums and auctions, said Miloš Banjac, assistant energy minister for renewable energy and energy efficiency. Banjac, however, did not specify which subsidy mechanism will be in place after the existing decree on feed-in […]
Montenegro pays EUR 68.9 million to raise stake in power utility EPCG
The Montenegrin government has paid EUR 68.9 million to Italy’s A2A to increase its holding in power utility Elektroprivreda Crne Gore (EPCG) from 57.01% to 70.16%. With this move, Montenegro returned its ownership in the company to the level before partial privatization and recapitalization carried out in 2009. The number of shares acquired to boost […]
Study looks into Neretva, Trebišnjica river basins’ regional economic impact
The Neretva and Trebišnjica river basins are of critical economic significance for three economies and four political entities: Republika Srpska and Federation Bosnia and Herzegovina (both in Bosnia and Herzegovina), Croatia and Montenegro as tens of thousands of jobs – and hundreds of thousands of livelihoods – depend directly on water-based activities, such as hydropower, […]