IFC supports green bond to mobilize private funds

International Finance Corporation, member of the World Bank Group, said it invested USD 50 million (EUR 44.7 million) in a green or sustainable bond issue of the Industrial Development Bank of Turkey (TSKB). This is the first such security issued from Turkey in international debt capital markets. The issue size of the bond is EUR […]

MEPSO working on last stage of Skoplje–Tetovo powerline

State-owned company Electricity Transmission System Operator of Macedonia (MEPSO) has started works on the last stage of 110 kV powerline linking Skopje and Tetovo, news agency MIA reported. The whole project is worth EUR 3.5 million, the company said in a statement. The new powerline will replace the old one, in use for 60 years. […]

News May 13, 2016

Electricity consumption in Romania increases by 8.5%

As local companies used 10.6% more energy, electricity consumption rose 8.5% in the first quarter of the year, data from the National Statistics Institute (INS) showed, according to a report published by Romania Insider. Public lightning was up 1.8%, while individual consumers used 2.4% more electricity. Total production rose by 0.3% year on year, to […]

News May 13, 2016

Analysis underway for funding wastewater management

A workshop was held in Skopje about the process of reaching a model to finance a station for the treatment of wastewater, Ministry of Environment and Physical Planning said. Among the presented documents were the report on the analysis of public–private partnership (PPP) and recommended options, replies to the comments on the technical report and […]

Water May 13, 2016

Court blocks hydropower project Boškov most

A complaint filed by Macedonian environmental organisation Front 21/42 was sustained by the Administrative Court Skopje and declared the licence for the construction of a large hydropower project in Mavrovo National Park devoid of any legal basis. “With this, the European Bank for Reconstruction and Development (EBRD) is more than overdue to definitively withdraw its […]

Supporting scheme for green power amended

Predicting energy generation output in advance will make Turkish electricity market more secure, Mustafa Yılmaz, head of Energy Market Regulatory Authority (EMRA), told Anadolu Agency. According to the recently revised legislation on power plants called the Supporting Mechanism for Renewable Energy Resources, or Yekdem scheme, the electricity registered in the system can be sold on […]

News May 12, 2016

Hydropower plant Perućica beats quarterly production plan

Successful generation results marked the first three months of this year in the oldest large-scale power plant in Montenegro. Hydropower plant Perućica delivered the first volumes of electricity to the electrical power system in May 1960. It was named after well Perućica in its immediate vicinity. Around 385.5 GWh of electricity was generated in the […]