ČEZ lauches arbitration proceedings for its investment
Bulgaria’s failure to observe the investment protection provisions of the Energy Charter Treaty was cited by ČEZ Group for its decision to file a request for arbitration with the World Bank’s International Centre for Settlement of Investment Disputes (ICSID). A number of actions of domestic authorities damaged the Czech utility’s companies in Bulgaria, causing the […]
EPBiH to partner Hungarian MVM in green power projects
A memorandum of cooperation will be signed by September between state-owned Elektroprivreda Bosne i Hercegovine d. d. (Electric Utility of Bosnia and Herzegovina – EPBiH) and MVM Group, headquartered in Hungary. The state-owned company aims to launch joint projects with new partners, according to a statement by the Ministry of Energy, Mining and Industry (FMERI) […]
EKO-REM inks deal for mini hydropower plant Jabuka
Prime minister of Bosnian-Podrinje Canton Goražde Emir Oković signed a concession contract with Mensud Pekmez, director of company EKO-REM from Sarajevo for the construction of mini hydropower plant Jabuka on the river Kolina near Ustikolina. The contract foresees exploitation in the next 30 years and the construction of a power plant with 700 kW in […]
Court cancels environmental permit for small hydro facility
Environmental group Zeleni Neretva said that after a three-year process, the Cantonal Court in Sarajevo issued a judgment which cancelled ecological permits for the construction of hydropower plant Dindo on the river Ljuta. Environmental permits for this one and two other power plants on the Ljuta – Memiškovići and Donje Luko, were issued in May […]
EPS is worth up to EUR 14 billion, shouldn’t be sold
Branko Kovačević, chairman of the Supervisory Board of the Electric Power Industry of Serbia, told daily Politika the state-owned utility expects a possible capital addition. Asked about a recent dispute with Tony Verheijen, head of the World Bank in the Balkan country, he added the developments can point to the intention to sell the enterprise, but […]
Contract for Trans-Balkan Electricity Corridor signed
Minister of Economy Vladimir Kavarić said good energy connectivity is necessary for future investments in the energy sector and free flow of energy through the country. That brings Montenegro financial and strategic benefits, he added at a press conference about the construction of the Trans-Balkan Electricity Corridor – Section Montenegro, funded by the European Union […]
Government in Ankara boosts transmission, distribution
More than TRY 5.6 billion (EUR 1.66 billion) was invested in the electricity transmission and distribution sector in Turkey last year, according to data released by the Energy Market Regulatory Authority (EMRA). Anadolu Agency’s Energy News Terminal reported 21 of the private electricity distribution companies invested more than EUR 1 billion. About 50% of investments […]
Balkan countries sign up to Sustainability Charter
The six contracting parties from Southeastern Europe agreed on the Sustainability Charter at the Western Balkan 6 Summit in Paris, Energy Community said. Underlining the need to improve the health situation and prosperity in the region, their governments agreed to upgrade the effort to tap into energy savings and renewable energy generation potential, according to […]
