Watchdog fines Hidroelectrica’s group EUR 37 million
The Competition Council has sanctioned Hidroelectrica SA and its ten contractual partners, mainly electricity traders, with fines of RON 165.84 million (EUR 36.57 million) for concluding irregular agreements. The ruling will help Hidroelectrica in its law suits as it shows contracts were illegal, said Remus Borza, the company’s insolvency administrator. The opponents in the cases […]
World Bank assists in inclusive municipal services
Almost half of the loans from the International Bank for Reconstruction and Development’s Municipal Services Improvement Project (MSIP) was used for energy efficiency projects, rehabilitation of buildings and waste management. The World Bank said the Board of Executive Directors approved EUR 25 million for the Second Municipal Services Improvement Project (MSIP2). The project aims to […]
Equipment procurements get energy efficiency standards
The Ministry of Mining and Energy issued a rulebook for minimal criteria of energy efficiency in public procurement of goods. It regulates office IT equipment, refrigerators, air conditioners, and inner and outside lighting for public facilities. The regulations are based on the Law on Efficient Use of Energy, and public institutions and government-controlled companies are […]
Garanti Bank to increase focus on renewables
Financing of about $1 billion was provided for the energy sector last year, out of which 90% for renewables, by Turkey’s Garanti Bank, its executive vice president Ebru Dildar Edin told Anadolu Agency. This year the institution will focus on financing green energy projects, especially solar and wind, and increasing involvement in energy efficiency, she […]
Biogas power plant boosting Slatina’s economy
Company Biointegra d. o. o. plans to complete its 2.4 MW facility for generating electrical energy from biogas in Slatina by May 1, regional daily Glas Slavonije’s portal said. The municipality in Croatia’s northeast experienced stagnation for three years, as procedures were underway for significant projects, and this one is worth EUR 7 million. The […]
Constanța champion county in green energy capacity
With an installed capacity of over 1,639 MW, Constanța has the most renewable energy, followed by Tulcea and Giurgiu, while Sălaj, Ilfov and Covasna are the least developed, having less than 10 MW each, according to a document released by Romanian state-owned Transelectrica SA. The champion county has the most wind energy, with turbines of […]
Italian green energy company Exergy thrives in Turkey
Attracted by Turkey’s geothermal energy potential, Italian engineering company Exergy’s investment in a turbine production plant in Izmir has made it the number one supplier of geothermal power generation equipment in the country, Invest in Turkey portal said. Exergy’s new production facility manufactures turbines for use in combined-cycle geothermal power generation plants. The company’s turbines […]
EBRD exits ownership over share in E.ON Romania
The European Bank for Reconstruction and Development (EBRD) sold its 9.82% stake in E.ON Romania, part of German E.ON Group, Romania Journal reported on its website. The company is an integrated natural gas and electricity supplier on the domestic market. EBRD, which in 2007 bought E.ON’s shares for EUR 43 million, passed the stake to […]