EEX, SEEPEX to launch Serbian power derivatives market
The European Energy Exchange (EEX) and the South East European Power Exchange (SEEPEX), have entered into a cooperation for the listing of cash-settled power futures, SEEPEX said in a press release, adding that both exchanges envisage the launch of the new contracts in early 2019. “Pending the approval of the relevant authorities, EEX will list […]
Albania gets fresh EUR 12 million loan for strategic Dam Safety Project
Albania has drawn an additional EUR 12 million in lending for its Dam Safety Project to safeguard hydroelectric dams and extend the operating life of hydropower plants on two rivers, including the Drin Cascade, which accounts for the bulk of the country’s electricity generation. The three hydropower plants (HPPs) in the Drin Cascade – Fierza, […]
EPBiH not to pay dividends for 2017 as drought drives down profit
Shareholders of power utility Elektroprivreda BiH (EPBiH), majority owned by the Federation of Bosnia and Herzegovina (FBiH), do not stand to get dividends for 2017, when the company saw its net profit plunge to BAM 620,282 (approximately EUR 317,000), from BAM 12.9 million (around EUR 6.6 million) a year earlier. Under a decision to be […]
GGF supports two large-scale wind farms in Serbia
The Green for Growth Fund (GGF), advised by Finance in Motion GmbH, will support two of the first large-scale wind farms in the country – the 158 MW Čibuk 1 wind farm and the 42 MW Alibunar wind farm with a total of EUR 31.85 million, GGF said in a statement. The GGF secured EUR […]
Hrvatski Telekom sells retail electricity business to RWE Hrvatska
Hrvatski Telekom will sell its power business to RWE Hrvatska, the telecommunication company said in a press release. Hrvatski Telekom has concluded a contract with RWE Hrvatska initiating the process of the transfer of its retail electricity business segment to the German energy company’s subsidiary, Hrvatski Telekom announced. This transaction has no influence on the […]
OEDAS inks finance deals worth USD 330 million to upgrade distribution network
Turkey’s electricity distribution company Osmangazi Elektrik Dagitim (OEDAS), a subsidiary of Zorlu Energy Group, has signed project finance agreements with three international finance institutions (IFI) for Turkish lira-denominated lending worth USD 330 million to finance electricity distribution investments. The lending from the European Bank for Reconstruction and Development (EBRD), IFC, a member of the World […]
Belgrade’s ETF students reach final of energy efficiency solutions competition – support them!
A team of students from the University of Belgrade School of Electrical Engineering (ETF) is inviting companies to help them raise funds to take part in the final of the International Future Energy Challenge (IFEC), the world’s largest student competition in the area of innovative and energy efficiency solutions. The final, which will pit the […]
FBiH allocates EUR 8.4 million in renewables, cogeneration subsidies in 2018
The government of the Federation of Bosnia and Herzegovina (FBiH) has adopted a decision allocating a total of some EUR 8.4 million (BAM 16.4 million) in subsidies for electricity production from renewable energy sources and cogeneration in 2018. The subsidies for electricity production from renewables and cogeneration stand at BAM 0.002128 per kWh, not including […]