EBRD helps EPS restructuring only with strategic partner in
Blic newspaper said the European Bank for Reconstruction and Development had asked for 20% of Electric Power Industry of Serbia (EPS) to be sold by end-2016 in exchange for its financial restructuring loan of EUR 200 million. The paper’s portal said the EBRD insists on letting a strategic partner get a share in the company. […]
Energy Community welcomes adoption of Third Package law
Energy Community Secretariat said it sincerely welcomes the Albanian Parliament’s adoption of a Third Energy Package compliant electricity law on 30 April. The law consolidates the reforms taken so far in this sector which have been neglected in the past, the press release said. Albania is the second country among the Energy Community Contracting Parties […]
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 […]
Power generation permit for mini hydro plant switches hands
Regulatory Authority for Energy (RAE) gave the go-ahead for the power generation permit for 625 kW hydro plant in the municipality of Naousa to change hands, Energypress.gr portal reported. The hydropower facility in Anthemia, owned by Varvaressos S. A. – European Spinning Mills, and the new permit holder is Olganos S. A. Akineton, owned by […]
EBRD may lend EUR 152 million to ČEZ Distribuţie
A senior loan of RON 675 million (EUR 152 million) to Romania’s ČEZ Distribuţie is being considered by the European Bank for Reconstruction and Development. The electricity distribution company is incorporated in Romania and operating in the country’s southwestern region. ČEZ Distribuţie is owned by ČEZ Group from the Czech Republic. The proceeds of the […]
Loan guarantees for equipment for renewables and efficiency
Guarantee Fund of Autonomous Province of Vojvodina said it started a new line for the approval of long-term loans for energy-efficient equipment as well as gear for the use of renewable sources. The guarantee potential is RSD 200 million (EUR 1.66 million), with a possibility of expansion. The programme was supported by five banks. Loans […]
Coordination meeting focuses on renewables uptake
The two-day event ’Progress in the Promotion of Renewable Energy in the European Community’ took stock of the state of play of implementing the Renewable Energy Directive in the Energy Community Contracting Parties and assessed how existing barriers to the uptake of renewables could be overcome, the Energy Community said on its website. One of […]
Infringement against five states for missing deadlines
The European Commission launched infringement procedures (reasoned opinion) against Romania, Austria, Croatia, Ireland and Latvia, as these countries failed to ensure the full transposition of the Energy Efficiency Directive, Business-review.eu reported. The directive had to be transposed into national law by June 5, 2014. If the member states do not comply with this obligation within […]
