Power producer Hidroelectrica to invest EUR 1.8 billion
An investment budget of EUR 1.3 billion for 2015-2020 has been set by power producer Hidroelectrica, Romania-insider.com portal reported. About EUR 450 million are for the ongoing projects in Racoviţa, Bretea, Răstoliţa, Siriu-Surduc, Dumitra-Bumbeşti. Hidroelectrica will also invest EUR 350 million to refurbish four high capacity hydropower plants, namely Stejaru, Vidraru, Râul Mare – Retezat […]
Reservoir Advances Construction Permitting for Brodarevo
Brodarevo hydropower projects on the Lim river in Serbia’s southwestern region secured several positive opinions from relevant authorities, Reservoir Capital Corp. said. State-controlled institutions that issued the documents included the transmission company Elektromreža Srbije (opinion and conditions for the connection of Brodarevo 1 and 2 to the transmission network), water management company Srbijavode (opinion on […]
Hellenic Wind Energy Association joins GWEC
Global Wind Energy Council (GWEC) welcomed the Hellenic Wind Energy Association (HWEA) as a new member of its circle of members promoting wind energy. HWEA, known in Greek as Eletaen, was founded in 1990 by 50 wind energy pioneers including Arthouros Zervos, Dimitris Lalas and Ioannis Tsipouridis. Today, HWEA’s membership boasts over 400 wind energy […]
International remedies for foreign investors in renewables
International investors who have suffered losses in the renewable energy sectors in Greece, Romania and Bulgaria, among others, may be entitled to compensation for their losses under the Energy Charter Treaty (ECT) and relevant bilateral investment treaties (BITs), lawyers recommended. Headed by Baiju S. Vasani, the team from global law firm Jones Day published an […]
Juncker plan contributes to winning energy battle of Crete
A project to interconnect the island of Crete to the mainland’s electricity system that was proposed over 20 years ago could now be implemented using private investments to utilise the European Fund for Strategic Investment (EFSI), said Anastassios Kallitsantsis, the vice chairman of the Hellenic Federation of Enterprises (SEV), Neurope.eu portal reports. “This project has […]
Nord Pool Spot to run national electric power exchange
State-owned Independent Bulgarian Energy Exchange (IBEX) said on April 22 it signed a cooperation agreement with Europe’s leading power market Nord Pool Spot aimed at setting up and running Bulgaria’s first day-ahead power exchange, Novinite.com reported. The exchange is planned to start operations by the end of the year, with plans for an intraday market […]
Interconnection underway between Macedonia and Albania
The construction of a 400 kV Bitola-Elbasan interconnection transmission line tops the list of priority projects within the Energy Community involving energy infrastructure, said Macedonian economy minister Bekim Neziri and Albania’s parliament speaker Ilir Meta at a meeting in Tirana, English language Independent.mk agency said. Both men pointed that this is the first interconnection between […]
Legal battle won for 33 wind parks plan of 1.08 GW in Crete
Council of State, the supreme administrative court, gave the temporary go-ahead and opened the way for the planned construction of 33 wind parks throughout Crete, Econews.gr portal reported. Yet another decision is needed to materialize the controversial projects with the overall capacity of 1.08 GW in four prefectures. The institution rejected the petition submitted by […]
