Turcas Petrol to enter energy market in Iran
Turkish energy company Turcas Petrol is looking at entering the Iranian energy market through investments in oil, gas or renewables, following the lifting of most of the sanctions against the Islamic Republic. “We believe we must definitely be in Iran,” company’s chief executive Batu Aksoy told journalists, as reported by Hürriyet Daily News. At a time when […]
EBRD launches Reenova+ in Croatia
The European Bank for Reconstruction and Development is starting a EUR 60 million facility for financing energy efficiency improvements in Croatian homes and households. Loans under the new Reenova+ financing facility will be extended by partner financial institutions, the bank stated on its website. Erste & Steiermärkische Bank d. d. is the first that joined the programme and additional […]
ERS wins concession for construction of Buk Bijela
The Government of the Republic of Srpska granted a concession for the construction and operation of hydropower plant Buk Bijela on the Drina river to a consortium organized by state-owned utility Elektroprivreda Republike Srpske (ERS) and its subsidiary Hidroelektrane na Drini from Višegrad. Portal Nezavisne.com reported the the facility will be located in the municipality […]
Public enterprises, municipalities must hire energy managers
All companies controlled by the government are obligated to appoint an energy manager in order to start reducing electricity, gas, fuel oil and other energy consumption, Večernje novosti newspaper’s portal reported. According to new regulation issued by the Ministry of Mining and Energy, the rule also applies to all other companies that consume more than […]
Attractiveness of Turkish market growing with renewables
Turkey, despite the problems in the surrounding Middle Eastern region, is a good country to make energy investments, according to the head of Energy Council of Foreign Investors, Anadolu Agency’s Energy News Terminal reported. Mario Diel said in an interview that domestic electricity and natural gas markets are new, developing and ripe for foreign investors to profit. He […]
Remote reading system covers over 60% of customers
Out of 370,000 electricity consumers in Montenegro, 228,000 or over 60% are included in the system of remote electricity meter reading, state-owned utility Electric Power Company of Montenegro (EPCG) informed news agency Mina-Business. EPCG stated Enel delivered all the electricity meters for the modernization of electricity consumption measurement project. “In the second stage of the project, 82,000 […]
Dalekovod to ink EUR 65 million deal with Statnett
Norwegian transmission system operator Statnett said it plans to award power transmission equipment maker Dalekovod d.d. a deal worth over EUR 65 million. The contract forsees construction of two 420 kV transmission lines. In a tender for the construction of connectors Namsos–Hofstad– Åfjord and Snilldal–Surna in Norway, with a combined length of 200 kilometres, the […]
Green energy producers in Romania facing losses
Renewable Energy Producers Organization in Romania (PATRES) started a protest movement in order to present the difficult financial position of investors in this field, the Business Review reported. According to a press release of the organization, the companies are registering losses of around EUR 201 million due to constant changes in legislation. The renewable producers have been […]
