Financial construction inked for solar units takeover
Canadian investment vehicle Transeastern Power Trust issued a statement reporting it agreed to take over two solar parks in Romania from RG Renovatio Group Limited. The price is about USD 9.6 million (EUR 8.45 million), based on prevailing exchange rates and not accounting for debt, the buyer said. A portion is payable by the issuance […]
Srbac in talks to build a heat and power unit
After a return visit of a Luxembourg investment fund’s representatives to the Municipality of Srbac, located at the northern border with Croatia, financial support was announced from the Grand Duchy to start two enterprises, one of which would produce electricity and heat, and the other one vegetables in greenhouses, Radio Srbac said. When municipality chief […]
Works begin in IPA-financed street lighting project
Municipal public enterprise Varoš from the town of Vršac in Serbia’s northeast awarded a work contract to Tehnika AD for investment maintenance of public lighting with financial assistance from the Romania–Serbia IPA Cross-border Cooperation programme of the European Union, eVršac portal said. Almost 800 mercury-vapor lamps shall be replaced by LED and sodium-based ones, one […]
Fintel secures financing, permit for wind parks
Energobalkan DOO signed a contract with Unicredit Bank Serbia for financing La Piccolina wind farm of 6,6 MW, located in Vršac, operator’s parent company Fintel Energia Group SpA said in a press release. The Italian independent power producer added that the total amount of the loan is equal to EUR 7 million, while the required […]
Full liberalization at least a year away
Bulgarian households and small businesses will have the right to choose their electricity supplier freely as of July 2016 at the earliest, Ivan Ivanov, chairperson of the Energy and Water Regulatory Commission (EWRC), said earlier this month. The commission will need more time to analyse whether the full market liberalization would lead to higher electricity […]
Norwegian funding supports selective waste collection
A EUR 4 million project designed to collect recyclable waste from households was implemented by Total Waste Management, part of recycling Green Group and a provider of integrated waste management solutions, and co-financed with grants of EUR 1.4 million from the Government of Norway, The Diplomat magazine’s portal said in a report. Smart collection infrastructure […]
EMS seen expressing interest for SEE CAO services
State-owned power grid operator EMS (Public Enterprise Elektromreže Srbije) is expected to express interest by the end of June in using the services of the Coordinated Auction Office in South East Europe (SEE CAO), SeeNews reported. EMS is expected to officially express the interest, including definition of the borders with SEE CAO shareholders that should […]
Three small hydropower projects soon up for bids in Montenegro
Hydrological research showed the total potential capacity of the small hydropower units in Montenegro would be 7.2 MW, with an estimated yearly production of 30.9 GWh. The government in Podgorica is preparing a public competition for concessions on future small hydropower plants, SHPPs, on three streams: in Šavnik, Kolašin and Mojkovac, as reported by Pobjeda […]