EIB loan for three new wind farms in Greece
The European Investment Bank (EIB) said it has approved a loan of EUR 24 million for three wind farm projects in Greece. The loan will be used by the Terna Energy company to set up and operate the three wind farms in the central Greece region of Viotia. Part of the loan was secured by […]
Senvion makes second Western Balkans deal in Croatia
The German wind turbine maker Senvion has contracted the first delivery of five of its turbines for a wind farm in Croatia. The turbines will be sold to the Croatian Vjetroelektrana Orjak company for the Greda wind farm in the south of that country. Senvion said in a statement that the contract called for five […]
Igor Noveljić appointed new executive director of Montenegrin power company EPCG
Former State Secretary at the Ministry of Economy of Montenegro Igor Noveljić has been appointed executive director of Montenegrin power company, Elektroprivreda Crne Gore (EPCG). On July 20, the EPCG Board of Directors accepted resignations submitted by outgoing executive director Tonino Maglio and three other Italian executives. They submitted the resignations in early July after […]
Blocking of A2A shares will not affect EPCG’s takeover, says Montenegrin government
The High Court of Montenegro has blocked shares of the Italian company A2A in Montenegrin power company, Elektroprivreda (EPCG), due to the legal procedure which has been conducted against several former managers of the company. The Montenegrin authorities claim that this will not jeopardize the takeover procedure launched in early July. A2A officially launched the […]
Chinese CWE presents offer for construction of HPP Dabar to Republic of Srpska Government
China International Water & Electric Corporation (CWE) has presented an offer for the construction of the hydro power Dabar (HPP Dabar) in the Republic of Srpska (RS), which contains financial proposal for covering 85 percent of costs. The representatives of the Republic of Srpska and CWE signed in December 2015 the Memorandum of understanding for the […]
WB6 electricity report: Slow progress in establishing day-ahead markets and their coupling
The Western Balkan Six (WB6) countries have been progressing in developing their electricity markets at different pace, while the regional market is still to take shape, the Energy Community Secretariat assessed in its WB6 Electricity Monitoring Report. The report was presented at the WB6 Summit in Trieste on July 12. It analyses progress made at […]
Italians join WB6 initiative for energy market integration
The Italian Ministry of Economic Development has joined the Western Balkan 6 (WB6) regional electricity market integration initiative, becoming thus the thirteenth EU stakeholder to join, the Energy Community announced. The WB6 Memorandum of Understanding (MoU) on regional electricity market development was signed by Italian Minister of Economic Development Carlo Calenda on the occasion of […]
Bogdan Nicolae Badea appointed new general manager of Romanian Hidroelectrica
Former State Secretary at the Romanian Ministry of Energy Bogdan Nicolae Badea has been appointed a director of state-owned power producer Hidroelectrica. Badea was appointed manager of the Management Board by the Supervisory Board in the beginning of July. Two new members of the executive board were also appointed: Marian Bratu, former manager of the […]