EPS reports net profit of EUR 28.8 million, distribution subsidiary EUR 20.3 million in 2017
Public power utility Elektroprivreda Srbije (EPS) made a net profit of around RSD 3.4 billion (about EUR 28.8 million) in 2017, according to the unconsolidated audited financial report posted on the company’s website. In 2017, EPS bought RSD 11.4 billion (some EUR 96.6 million) worth of electricity on the domestic market, about RSD 5.9 billion […]
Terna secures financing from EIB, Alpha for two wind farms in Greece
Greece’s Terna Energy Group has secured financing for the construction of two 44 MW wind farms on Mt. Vermio in northern Greece. The European Investment Bank (EIB) extended a EUR 24 million loan, while Alpha Bank acted as co-lender providing an equivalent amount of long-term debt next to a medium-term VAT facility. The EIB’s loan […]
Construction of Serbia’s first geothermal district heating system kicks off
The municipality of Bogatić should get Serbia’s first geothermal district heating system by the beginning of the heating season, with this renewable energy source to be first used to heat public facilities and later to be made available to individuals and businesses, representatives of the municipality announced. The new geothermal heating system will result in […]
Green Party proposes draft of new environmental impact assessment law over SHPPs
The Green Party has submitted a proposal of a draft new environmental impact assessment law to introduce a mandatory impact assessment for small hydropower plants (SHPPs), the party said on its website. The Green Party advocates a complete ban on the construction of SHPPs in protected areas and national parks. “Protected areas and national parks […]
EPHZHB breaks ground for 66 MW Vrilo pumped-storage hydropower plant
Public power utility Elektroprivreda Hrvatske Zajednice Herceg Bosne (EPHZHB) held a groundbreaking ceremony for the Vrilo pumped-storage hydropower plant on the Šuica sinking river near Tomislavgrad on July 16 . The Vrilo pumped-storage hydropower plant, to be built in an investment worth EUR 89.1 million, is designed to have two units with a total installed […]
Greece’s PPC unveils plan to boost share of renewables, expand to other markets
Greece’s majority state-owned power utility, Public Power Corporation (PPC), has developed its 2018-2022 strategic and business plan with the support of its advisor, envisaging the company’s expansion to foreign markets and boosting the share of renewables in its overall energy generation mix, among other matters, according to an announcement from PPC. The advisor is consulting […]
Vestas to deliver turbines for 69 MW Košava 1 wind farm
Denmark’s Vestas has received an order for 20 V126-3.45 MW turbines for the 69 MW Košava phase 1 wind farm in Serbia from MK-Fintel Wind. The Košava 1 wind farm’s construction started in June last year. To accommodate the site’s specific wind conditions and maximize energy production while meeting the site’s tip height constraints, Vestas developed […]
Minister to seek changes to nature protection law over small hydropower plants
Serbian Minister of Environmental Protection Goran Trivan has announced an initiative to change the country’s nature protection law to avert the construction of small hydropower plants (HPP) in protected areas, after his recent attempt to pull approval for the Pakleštica small HPP, threatening to hurt biodiversity in the Visočica river basin, was quashed by a […]