Green fund seeks approval for greater deficit
As the previous government planned tenders and public calls for energy renovation of houses and buildings unrealistically and in a financially unsustainable way, the budget of the Environmental Protection and Energy Efficiency Fund (FZOEU) for this year and next was burdened with HRK 750 million (EUR 100 million) of obligations which are difficult to settle, […]
EIB opens credit line for energy, environment
The European Investment Bank said it approved a EUR 50 million credit line to SID Bank d.d., Slovenia’s national export and development entity, to finance smaller projects of municipalities and public firms as well as small and medium-sized enterprises and midcap companies in the areas of infrastructure, energy efficiency and the environment. EIB funds will […]
Subotica decides not to withdraw part of KfW loan
At the local assembly meeting the City of Subotica approved the proposal by public heating utility JKP Subotička toplana not to withdraw EUR 1.7 million, part of a loan provided by KfW Development Bank, portal Subotica.com reported. The package worth EUR 4.5 million for the heating plant was agreed on in 2012 with the assistance […]
Presidential residence to have energy makeover
The proposal for an energy upgrade of the Presidential Palace in Nicosia is advancing on the implementation trajectory. The Electricity Authority of Cyprus (EAC) completed the proposal and sent it to environment commissioner Ioanna Panagiotou, who forwarded it to the presidency, Energy News reported. Sources of InBusinessNews revealed the authorities seek the project for the […]
Montenegro presents energy efficiency action plan
The third energy efficiency action plan (EEAP), for 2016-2018, was prepared by the Ministry of Economy and adopted by the government on June 30. The plan was presented in the Chamber of Economy of Montenegro at the meeting of the Coordination Committee for Energy Efficiency and the Environment. The document complies with the requirements of […]
Schneider Electric appoints new director for four markets
Schneider Electric, energy management and automation corporation based in France, said it decided to name Ionuţ Farcaş the new regional director for Bulgaria, Macedonia, Albania, and Kosovo. He will succeed Christophe de Lafarge, who becomes vice president for Southeast Europe and will be responsible for the affiliate business department. Farkaş has been a part of […]
Cuts in incentives to imperil biogas CHP plants
Changes expected to be introduced next year in the framework for the competitive electricity market can bring producers of electricity from biogas below breakeven. George Andreou, manager of Andreou Brothers Ltd. in Larnaca, told Cyprus News Agency the company’s assets will remain cost-effective after the abolition of subsidies from the special fund only if there is […]
GGF teams with Alter Modus to support green finance
A senior loan of EUR 2 million to boost the emerging segment of energy efficiency was announced by Green for Growth Fund (GGF) for Alter Modus Ltd. Montenegro’s largest microfinance institution, with a market share of 70%, recognized the importance of financing and the growth potential in the sector, the press release said. The investment […]
