KESH secures EUR 218 million loan from EBRD
The European Bank for Reconstruction and Development is supporting the modernization of Albanian Power Corporation (Korporata Elektroenergjitike Shqiptare – KESH sh. a.), the largest generator of electricity in Albania, with a EUR 218 million. The state-owned utility provides 70% of domestic generation and is active in the regional energy-generating sector. Helping KESH in restructuring and […]
Romelectro wins KOSTT’s tender worth EUR 7.5 million
Romelectro Group signed the contract for the construction of high voltage power lines in Kosovo* after being selected at an international tender by KOSTT – Transmission, System and Market Operator JSC. The European Bank for Reconstruction and Development will finance the investment of EUR 7.5 million. Works consists of five key sections of 220 kV and […]
Interconnection with Kosovo* comes online
Albania inaugurated a EUR 70 million power transmission line of 400 kV, linking the country with Kosovo*, SeeNews reported. The interconnection is 241.1 kilometres long. The 151.1 kilometres on the side of Albania cost EUR 29 million. The section was financed by a loan from Germany’s KfW Development Bank. The construction of the power line […]
Hidroelectrica exits insolvency, preparing IPO
The biggest privatisation in Romania’s history is underway after the main court in Bucharest ruled Hidroelectrica SA isn’t insolvent anymore, Act Media reported. The company will be listed when the best conditions for pricing are achieved, minister of energy Victor Georgescu said at a press conference on June 24. Hidroelectrica will focus on modernization, investments […]
Sokolac seeking partner in district heating PPP
A call for the implementation of renewal, expansion, operation, maintenance and delivery of heat was placed by the Municipality of Sokolac in East Sarajevo. The European Bank for Reconstruction and Development, which published the notice, financed the documentation for the pilot project within the Regional Energy Efficiency Programme (REEP), approved under the Western Balkans Investment […]
Petrol sells stake in Gen-I to Gen-EL
IG energetski sistemi (IGES) d.o.o., part of Petrol Group, agreed to accept EUR 45.1 million for its half of ownership in electricity and natural gas supplier Gen-I d.o.o., headquartered in Krško, in a deal with Gen-EL d.o.o. The transaction will be carried out in two parts: one by the end of this year, following the […]
IBEX in talks about coupling with Greece, Romania
Independent Bulgarian Energy Exchange (IBEX), part of state-run Bulgarian Energy Holding (BEH), is negotiating about the integration with markets in Greece and Romania through coupling, chief executive Konstantin Konstantinov said, Reuters reported on June 16. The bourse’s trade volume is 250 MWh a month on average, much more than Serbian SEEPEX and Croatian CROPEX, the […]
EBRD plans loan for CEZ Distribution’s grid in Bulgaria
The proceeds of a loan being considered by the European Bank for Reconstruction and Development are set to be used by CEZ Distribution (Razpredelenie) Bulgaria a.d. The target date for the final review of the senior package of EUR 116 million is September 7, the project summary document states. EBRD said the electricity distribution company […]
