Romanian Hidroelectrica not insolvent, IPO to follow soon
Hidroelectrica, Romania’s largest power producer is officially solvent, as stated in the final court decision. This move will enable stock-market trade with Hidroeletrica’s shares. Court’s decision is final, and it will unblock Initial Public Offer (IPO) sale of 15% of company’s share. Remus Borza from Euro Insol, court appointed administrator of Hidroelectrica, expects that this share […]
EU funds back sustainable energy development in Slovenia
The Ministry of Infrastructure in Ljubljana placed invitations for projects of energy rehabilitation of buildings in the public sector and for co-financing of wind power endeavours and small hydropower plants. The total amount of financial support for sustainable energy development will reach EUR 25.7 million. Slovenia will select contractors and beneficiaries of the European Cohesion […]
EBRD seeks consultant for hydropower sector plan
As part of activities to bolster Macedonia’s share of power generation from hydro facilities, currently at one fifth, the European Bank for Reconstruction and Development placed a call for services of a consulting company. Its responsibility will be to assist the government of the Balkan country in conceptual design for the best hydropower development option […]
Albanian government approves construction of first wind park project
The Government of Albania has approved this month the construction of a 12 MW wind farm to the Alb-Building construction company. The first wind park in Albania will be developed in the region of Tepelena, along the river Vjosa. The investor received a permit for the project’s development in 2012 from the previous government led by […]
PV system for women’s shelter waits ministry approval
High school Emmanouel Kriaras in Thessaloniki ceded its roof for a 10 kW PV solar panel installation in an inaugural project launched by the central municipality and Greenpeace Greece. Power from the system is intended for covering the needs of a sanctuary for women and children who are victims of family violence. The virtual net […]
The Energy Community to reintroduce sanctions for BiH on April 1
Author: Zoran Vidić The Energy Community (EC) will reintroduce its set of punitive measures for Bosnia and Herzegovina, starting April 1, due to the Balkan country’s insufficient efforts to meet obligations under the terms of the Treaty of the Energy Community, says Janez Kopač, director of the EC Secretariat. The resumed sanctions will jeopardize investments […]
The biggest solar power plant in Turkey to be built by Turkish – South Korean consortium
Solar power plant of 1 GW will be installed in Karapınar Renewable Energy Resource Area (YEKA). The tender bid was won by Kalyon-Hanwha group consortium, offering the lowest price of EUR 0,0699 per kWh. Total value of this project is USD 1.3 billion. There were 4 consortiums competing in the tender bid for a solar […]
Serbia’s first public-private partnership for heat energy supply
First public-private partnership (PPP) contract in Serbia for the supply of heat energy for public buildings has been signed in Pirot. The contract signed by the city of Pirot and GGE ESCO company also envisages replacement of heating oil boilers in four local schools with the ones using biomass . The value of the deal is […]