News

Italian company preparing to invest in biomass cogeneration

Published

June 21, 2016

Comments

0

Share

Published:

June 21, 2016

Comments:

0

Share

Twenty underdeveloped municipalities in the Federation of Bosnia and Herzegovina and another 20 in the Republic of Srpska which dispose of wood waste will be included in cogeneration projects, said Foreign Investments Promotion Agency (FIPA) of BiH. Director Gordan Milinić spoke to Zdravko Aćimović, who heads Alfa Invest – partner of Pyrox from Turin for Southeastern Europe, about planned investments of EUR 150 million.

The Italian partners have their own technology for the production of electricity and thermal energy on the basis of solid biomass to heat homes, greenhouses and other facilities. Installing and launching a plant would employ 25 workers and, according to the business plan, each municipality in the two entities of BiH would have annual revenue of EUR 1 million.

In addition to the investor’s funds, the project is supported by UniCredit Bank of Italy and an investment fund from Ireland. Municipalities would participate in financing of the investment in the amount of 10% to 15%. Considering the projects are for renewable energy, there is additional possibility to withdraw finance from the European funds for this purpose.

In mid-July FIPA will coordinate a meeting between investors and mayors and heads of commercial departments of 40 municipalities to present conditions, ways of implementation and obligations of parties.

 

Related Articles

Solar power generation to increase ten times in Montenegro energy balance

Solar power generation to increase tenfold in Montenegro next year

25 November 2022 - According to the estimate in the Energy Balance of Montenegro for 2023, electricity production will drop 12.63% this year

Austria can reach 1,2 GW with additional solar in 2022

Austria set to add over 1 GW in solar power in 2022

25 November 2022 - Austria is on track to install more than 1 GW in photovoltaics this year and as much as 1.5 GW every year

Four times more installed power plants in North Macedonia in 2022

North Macedonia’s regulator issues 200 licenses for renewable electricity plants in 2022

25 November 2022 - The Energy and Water Services Regulatory Commission issued 200 licenses this year for electricity production from renewable sources

Albania applications solar power 151 MW

Albania receives applications for solar power projects of 151 MW in total

25 November 2022 - Applications for solar power projects sent to the Ministry of Infrastructure and Energy of Albania include one of the largest ones so far, for 93 MW