UBB to finance energy efficiency in homes with EBRD’s loan
The European Bank for Reconstruction and Development said it is providing a EUR 5 million loan and technical assistance to the United Bulgarian Bank (UBB) to finance investments that will improve the energy efficiency of residential buildings. The package is part of EBRD’s strategy to help the countries where it invests to address climate change […]
Turkey nearing 6 GW in wind energy
National potential for power generation from wind turbines is more than double its current installed capacity, which will reach 6 GW by the end of the year, compared to 4.76 GW in May, according to Mustafa Ataseven, president of Turkish Wind Energy Association (TWEA or Türeb). Speaking to Anadolu Agency on the eve of Global […]
Statkraft divesting largest hydro project outside Norway
The Çetin power plant in Turkey, which saw construction works suspended in February, is up for sale by its Norwegian developer. State-owned Statkraft said it is hiring Garanti Securities as a financial advisor in the bidding process, with a deadline for expressions of interest expiring on August 1. As fights between government forces and the […]
EPBiH presents investment plan at Energa conference
Senad Salkić, chief capital investment officer of state-owned Elektroprivreda Bosne i Hercegovine d. d. (Electric Utility of Bosnia and Herzegovina – EPBiH), participated at a conference on the strategic approach to investing in the country’s energy sector during the Energa international energy fair, held from June 7 to June 9 in Tuzla. The company stated […]
EPS to invest EUR 1 billion in environmental protection
The construction of the desulfurization system in thermal power plant Kostolac B is almost complete. When it is commissioned, emissions of sulphur dioxide will be under 200 milligrams per cubic metre, in line with European Union regulations, said Milorad Grčić, acting chief executive of Electric Power Company of Serbia (EPS). He said the state-owned utility […]
Romania losing 100 million tonnes of waste per year
Agriculture is the biggest source of waste in Romania that could be turned to energy, while households produce the second-largest volume, Iuliean Hornet, CEO at Ecohornet, told a biomass and biogas conference in Bucharest. He said the Eastern European country is losing an overall 100 million tonnes of the material every year, Act Media reported. […]
Three-day event on water management held in Belgrade
After five RENEXPO events, REECO SRB organized water management conferences, forum and trade fair, from June 6 to June 8. The main topics were disaster risk management with issues of flood prevention and protection in the region, wastewater treatment with reclamation and purification, wells and pipes for drinking water and management of water resources. Side […]
Decision makers get acquainted with Pluto initiative
The European Bank for Reconstruction and Development said it presented its innovative financing scheme in support of geothermal energy projects at a three-day IGC Turkey conference. The Pluto initiative, worth USD 125 million (EUR 110 million), provides finance and advice to private developers at exploratory stages in a move to tap Turkey’s significant potential for geothermal energy […]