Energy Community adopts 20% target on efficiency
The 13th Energy Community Ministerial Council took place today in Tirana under the Albanian presidency in office of the Energy Community. A study on progress in renewable energy and assessment of action plans was published. European commissioner for climate action and energy Miguel Arias Cañete, representing the European Union at the meeting, said: “The Energy […]
Power purchase agreements finally on the table
Ministry of Mining and Energy of Serbia organized a public consultation process on proposed directives for incentives for the production of energy from renewable sources and highly efficient cogeneration. The documents include the conditions for achieving the status of a privileged producer, temporarily privileged producer and of a producer from renewable energy sources. Another directive […]
Erdemir group’s loan from EBRD pending signing
The European Bank for Reconstruction and Development said its board approved a long-term loan of up to EUR 75 million (or equivalent in dollars) to Ereğli Demir ve Çelik Fabrikaları TAŞ (Erdemir) and İskenderun Demir ve Çelik AŞ (İsdemir). The group was incorporated in Turkey in 1960 and runs steel production facilities in Ereğli and […]
Government and A2A agree to prolong partnership
Minister of Economy Vladimir Kavarić said the Government of Montenegro and Italian-based company A2A have reached an agreement on the basic elements of future cooperation and the extension of cooperation for five years once the shareholders’ agreement in the Electric Power Industry of Montenegro (EPCG) gets signed towards the end of the year. Meanwhile, the […]
Exemptions for green certificates for 19 companies
The Ministry of Economy, Commerce and Tourism has granted 19 energy intensive companies agreements for exemption from a part of the number of green certificates in the mandatory quota, Business Review magazine reported. Some get exemptions between 40% and 85% in order to keep their competitiveness. Earlier, renewable energy association Patres said the green certificate […]
Capital addition for Brodarevo HPP with talks on sale
Reservoir Capital Corp. said it intends to undertake a private placement to raise CAD 1 million (EUR 680,000) through the issue of two million units at EUR 0.34 each. The Canadian renewable energy company is engaged in the development of a 59.1 MW hydroelectric project at Brodarevo on the River Lim in southern Serbia. On […]
Paper producer Natron-Hayat starts CHP project
The energy ministry of the Federation of Bosnia and Herzegovina said local paper mill operator Natron-Hayat d. o. o. from Maglaj has applied for an energy permit for a biomass-fired combined heat and power (CHP) plant, SeeNews reports. The company, subsidiary of a member of Hayat Holding Group from Turkey, plans to build a facility […]
Young inventor’s LED lamps save up to 70% of energy
Zlatan Imamović from Lukavac and his father decided to start a business of the future – production of LED lamps which cost down to half the market price. The idea appeared after his father, who had a small audio and video repair service business, lost his job after 24 years because of rapid progress of […]