EPCG’s net profit plunges 35.7% in 2019

Montenegrin state power utility Elektroprivreda Crne Gore’s (EPCG) net profit in 2019 dropped 35.7% against 2018, to EUR 28.3 million, according to EPCG’s annual report. In 2018 the company posted a net profit of EUR 44.1 million. Operating revenues stood at EUR 323 million in 2019, an increase of EUR 20 million compared to 2018, […]

IHA extends deadline for hydropower projects to apply for CHF 1 million

Hydropower project developers and operators in Africa, Asia, Europe, and the Americas, including Albania, Bosnia and Herzegovina, Kosovo*, North Macedonia and Serbia, have a month and a half to apply for CHF 1 million (USD 1.02 million) in funds. The International Hydropower Association (IHA) said the deadline for the Hydropower Sustainability ESG (Environmental, Social and […]

ITM Group from Serbia plans to build small hydropower plants

Serbian businessman Toplica Spasojević hinted ITM Group would upgrade the partnership with hydropower equipment maker Andritz Hydro and build units of 5 MW, 10 MW and 12 MW with its turbines. He claimed ambitious investment is in the pipeline and pointed to opportunities in the water and wastewater sector as well. ITM Group has brushed […]

Sokobanja in Serbia to ban new small hydropower plants, wind parks

Activists criticize the investors for diverting almost the entire river flow at two stations in Sokobanja. Several local authorities in Serbia formally banned hydropower projects or are preparing to do so. The police have been summoning petitioners in Prokuplje. Licensing has been suspended in the territory of a town in Serbia dependent on tourism for […]

Hydropower February 26, 2020