Fintel Energija to launch IPO on August 1
Belgrade-based renewable energy company Fintel Energija, a subsidiary of Italy’s Fintel Energia, published the prospectus on July 25 for its initial public offering (IPO) on the Belgrade Stock Exchange (BELEX). Fintel Energija, which has a total of 25 million issued shares, will now offer 6.5 million shares at RSD 500 (about EUR 4.24) as part […]
Užice announces EUR 2 million energy efficiency investment in schools for 2019
The City of Užice has announced a EUR 2 million energy efficiency investment in seven schools for 2019 as part of the energy efficiency program jointly implemented with the Swiss Cooperation Office. Užice Deputy Mayor Nemanja Nešić said that the energy efficiency program, financed by the Swiss State Secretariat for Economic Affairs (SECO), is designed […]
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 […]
Serbia preparing project to expand network of EV charging stations – CEH-V director
A major state project is being developed to expand Serbia’s network of electric vehicle charging stations, said Miloš Petrović, director of the Center for Electric and Hybrid Vehicles (CEH-V), set up in cooperation with the University of Belgrade Faculty of Mechanical Engineering. Serbia needs an estimated 150 EV charging stations, Petrović said, local media reported, […]
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 […]
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 […]