Germany writes off EUR 20 million from debt of BiH
After it met the relevant prerequisite by investing EUR 4 million in the rehabilitation of hydropower plants of Trebinje and Rama, Bosnia and Herzegovina had EUR 20 million of its debt written off by Germany. The government in Berlin had pledged to the move if BiH invests a set amount in the advancement of its […]
HPP Zvornik enters EUR 70 million overhaul
One of the oldest hydropower plants (HPPs) on the Drina river is being refurbished in a project worth EUR 70 million. The 96 MW Zvornik facility of four units has a dam holding a 25 kilometre long artificial lake, and the four-year project will extend its working life by 40 years, according to Electric Power […]
Sixth renewable energy stakeholders’ forum
USAID Clean Energy Investment Project, Renewable Energy Association within the Chamber of Commerce and the International Finance Corporation’s (IFC) Balkan Renewable Energy Program organized the 6th Renewable Energy Stakeholders’ Forum in Skopje. The forums represent a new mechanism for public private dialogue in the field. They gather stakeholders in the area, including project developers, investors, […]
Renewables’ share in consumption cut by mild winter
Final energy consumption fell by 4.4% last year to 4.67 millions of tonnes of oil equivalent, Statistical Office of the Republic of Slovenia said. The decrease was caused by a warmer winter, as the two sharpest decreases were those of district heat (by 16%) and of fuel wood consumption (by 19%). There was an overall […]
EBRD continues procurement for EPS Metering project
Electric Power Company of Serbia (EPS) said it selected Tcom d. o. o. from Belgrade for the manual metering application for mobile phones and equipment. The deal worth RSD 240 million (EUR 2 million) without value-added tax, marked JN-1000-0378-2015, was arranged in a negotiated procurement, after an invitation to the now hired contractor, as the […]
Interest-free loans programme for heating systems
Ministry of Economy of Montenegro said it received a grant from the Government of Norway in the amount of EUR 240.000 with the aim of implementing project Energy Wood II, which will provide interest-free loans for purchase and installation of modern biomass heating systems for pellet and briquettes. Loans are facilitated by Atlas Bank, Hipotekarna […]
Carbon report envisions 20% cut in emissions
New research says long-term green policies will pay off after initial economic pain. Turkey could cut greenhouse gas emissions by 20% in 15 years by increasing the use of renewable energy sources – including solar, wind and geothermal power – according to a report, Anadoulu Agency’s Energy Terminal said. Environmentally friendly policies – which may […]
Alstom equipping world’s largest floating power plant
A contract has been signed with Karadeniz Energy Group (Karpowership) from Turkey by Alstom SA to supply transformers for the Karadeniz Powership Osman Khan (KPS12) power plant. At 486 MW, it will be the world’s largest floating power plant. The delivery is planned to be completed in early 2016. Powerships are converted from bulk carriers, […]