IFC joining EBRD in investment in Akfen’s green energy
The International Finance Corporation will join the European Bank for Reconstruction and Development in supporting the renewables branch of Turkish conglomerate Akfen Holding with a combined investment of EUR 175.5 million, SeeNews reported. The two development banks will have equal stakes in Akfen Yenilenebilir Enerji AŞ and make equal investments, according to a public filing. […]
Coupling Croatia with Slovenia may take until end of 2017
Estimates for day-ahead market coupling of Croatia with Slovenia are being revised to be set for the final quarter of next year. ICIS portal revealed it obtained information the schedule initially determined for the second half of 2016 was off and that the possible hike in prices in Croatia may be postponed. Integration with the […]
Slovenian-Japanese project NEDO to start by September
As early as next month or in September, the first phase of testing of new technologies and solutions in working smart networks could be initiated as a result of bilateral cooperation between Slovenia and Japan. NEDO demonstrational project, which will last for three years and is worth EUR 30 million, comes against a backdrop of […]
Electricity consumption lowered by one fifth in April
Last month households in Montenegro consumed 87 GWh of electricity, 20.6% less than in the previous month and 9.5% under the level from April of last year, state-owned utility Electric Power Company of Montenegro (EPCG) stated on its website. The average electricity bill for households, excluding non-read metering points in buildings not permanently resided, amounted […]
Separation of FC Distribucija good sign for new suppliers
The plan for the unbundling of the distribution sector (FC Distribucija) from state-owned utility EPCG to a separate entity sends a positive signal to new electricity suppliers and improves business environment for their arrival, said Energy Regulatory Agency (RAE), news agency Mina-Business reported. The separation of is not going to make good environment for new electricity suppliers […]
Electricity distribution to be fully privatized by 2020
Energy and natural resources minister Berat Albayrak announced electricity distribution in Turkey will become fully privatized by 2020 and that distributer companies will be followed closely by the ministry, Daily Sabah reported. He stressed a special office under the ministry will follow the distributors, and that the ones that duly perform their duties will be supported, while […]
Croatia paid EUR 410 million so far in incentives for renewables
Since 2007, when stimulation of renewable energy production started in Croatia, until the end of 2015, HRK 3.07 billion (EUR 410 million) has been paid to preferential producers. Last year alone, the budget was over EUR 133 million and, as the number of power plants rises and the amount of bought electricity increases, by the end […]
Enel overhauling electrical grid in Bucharest
Simco International Impex, an energy services company, has won a EUR 1.5 million contract to carry out investment and maintenance works on low-voltage and high-voltage public lighting networks in Bucharest, networks leased to Enel, according to a report published on Nine o’Clock portal. Enel Distribuţie Muntenia, the contracting authority, points out one third of the works can […]
