Zorlu Energy merging its geothermal, renewables businesses for IPO
Zorlu Enerji Elektrik or Zorlu Energy intends to establish a renewables subsidiary and prepare it for an initial public offering. The new company, Zorlu Yenilenebilir Enerji, will focus on geothermal projects, according to the agenda prepared for the general assembly next month. Zorlu Jeotermal Enerji Elektrik, Zorlu Doğal Elektrik and Rotor Elektrik, fully owned subsidiaries […]
Energy Community urges BiH to scrap feed-in tariffs for hydropower
Renewable energy installations of a maximum of 500 kW and demonstration projects are the only ones eligible for feed-in tariffs as state aid, the Energy Community Secretariat told officials in BiH, pointing to continued government support for larger hydropower projects. The Federation of Bosnia and Herzegovina proposed the reduction of feed-in tariffs for renewables, which […]
ERS risks failure of Bistrica hydropower plants project on lack of funding
ERS claims it would extend deadlines for the three hydropower plants on the Bistrica, citing force majeure due to the COVID-19 pandemic issues. Contractor AVIC-ENG from China is said to have the option to terminate the contract if funding isn’t found in less than two months and to keep the advance payment. Elektroprivreda Republike Srpske, […]
TENDERING: HEP building green energy plants with municipalities, firms
Croatian power utility Hrvatska elektroprivreda invited interested parties to express interest in the joint expansion of renewables. HEP Group already agreed with 11 municipalities and cities to prepare documentation for solar power plants with total capacity of 120 MW and it is taking over another 60 MW in private projects under development. After the success […]
Greece asks EU to approve state aid for 680 MW pumped storage project
GEK Terna is building two pumped storage hydropower plants and artificial lakes in Amfilochia in western Greece that will use an existing lower reservoir. The government filed its support scheme with the European Union’s competition authorities for clearance. The Ministry of the Environment and Energy of Greece has submitted a request to the European Commission […]
Parliament of Republic of Srpska rejects motion to ban small hydropower plants
The Center for Environment demanded from Minister of Energy and Mining Petar Đokić to resign after his party didn’t back a moratorium on the construction of small hydropower plants in the National Assembly of the Republic of Srpska. Only 40 representatives supported the proposition, and 42 votes were needed to pass it. Parliamentarians in Banja […]
Preparatory works on Buk Bijela hydropower plant to start in September
The Republic of Srpska is waiting for the approval of BiH’s competition authorities to be able to start preparatory works for the Buk Bijela hydropower plant. It is developing the project together with Serbia and the establishment of a joint firm has already been agreed. Elektroprivreda Republike Srpske (ERS), state-owned electricity producer in Bosnia and […]
Federation of BiH bans construction of small hydropower plants
The Government of the Federation of Bosnia and Herzegovina has three months to produce bills and ban small hydropower plants after the entity’s legislators voted in favor of the recommendations from the Declaration on the Protection of the Western Balkans Rivers. The House of Representatives of the Federation of Bosnia and Herzegovina passed a declaration […]