CGES suffers annual profit drop by two thirds
Montenegro’s majority state-owned power transmission system operator Crnogorski elektroprenosni sistem (CGES) posted net profit of EUR 4.02 million for last year, 67% less than in 2014, SeeNews reported. The company said revenues reached EUR 31.57 million, down 15% from the previous year, while its operating costs rose 9.8% to EUR 26.4 million. CGES reported results […]
Hidroelectrica asks EUR 11 million for 20 SHPPs
The largest Romanian power producer is selling 20 small hydropower plants (SHPPs) with a total installed capacity of 16.5 MW. Hidroelectrica SA put a combined starting price for all facilities at RON 49 million (EUR 11 million), a discount of EUR 5.2 million compared to the price at the initial auctions in September 2014. The […]
Interconnection with Kosovo* to be complete in June
Environment ministry boosts recycling infrastructure
Coastal municipalities of Larnaca, Ayia Napa and Paralimni were supplied with equipment for collection and treatment of municipal waste in hotel units and other establishments through a project funded by the European Union. The machinery receives, recognizes, separates and stores the material, providing stimulation. Citizens can opt for a receipt with the value of recycled […]
Marsan Marmara to start solar panel production
Marsan Marmara Holding AŞ said it will produce solar panels for exporting as well as for the domestic market, as reported by Anadolu Agency’s Energy Terminal. According to the announcement, the company will export solar panels to countries in Asia, America, Europe and Africa. The launch is scheduled for July and Marsan Marmara will produce […]
IFC helps NLB Prishtina boost energy efficiency lending
An advisory project started in June 2015 by a member of the World Bank Group to help a NLB Prishtina bank in Kosovo* better identify, evaluate and finance energy efficiency projects, resulted in new lending products for energy efficiency for private households and for small and medium-sized companies. The International Finance Corporation said it helped the […]
Green power giant EDP increases subsidiary capital
Spain-based EDP Renováveis SA strengthened the share capital in its Romanian subsidiary by EUR 30 million, according to data published in the Official Gazette. Romania Journal reported the company majority-owned by EDP – Energias de Portugal SA doesn’t plan wind power expansion, rather that it aims to boost existing projects, according to Laura Lazar, who […]
Polluters should fund bioenergy project development
Romanian Association for Biomass and Biogas (Arbio) put a proposition for the sector to be financed not by consumers but from an environmental fund with contributions from companies which use polluting technologies. Draft legislation was submitted to the Romanian parliament on March 15 to amend law 220/2008 and introduce the scheme when the system of […]
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