Chinese company CEE acquiring stake in Plandište wind park
NIS oil industry, majority owned by Russia’s Gazprom Neft, communicated there was progress in negotiations about a stake at Plandište wind park to be taken over by Chinese company CEE, Sinteza Invest Group brokerage reported. The Serbian company said estimation of financial aspects of the project was in progress. For the wind park project in […]
Contract signed for small biomass plant in Sisak
Kristina Ikić Baniček, mayor of Sisak, signed a contract with Zagreb-based EPI Consulting, which is working in cooperation with foreign partners to construct a series of small biogas power plants in Croatia, starting with the town of just under 50,000 people, 50 kilometers southeast of the capital, national broadcaster HRT reported. The plant will employ […]
KESH to clear debts to hydro plant operators by end-June
Albanian Power Corporation (KESH), state-owned power utility, will clear its debts to private hydropower plants within the first half of this year, according to the Ministry of Energy and Industry (MEI), Albanian Telegraphic Agency reported. The remaining total arrears of less than ALL 2 billion (EUR 14.2 million) will be settled by the corporation’s finance […]
Enel’s subsidiary posts EUR 64 million profit in Q1
Enel’s EBITDA in Romania fell by 1.5% in the first quarter, from EUR 65 million a year ago to EUR 64 million, according to data released by the Italian group and quoted by Mediafax. The company has obtained earnings before interest and taxes (EBIT) down by 26% from EUR 50 million a year ago to […]
Investment in hydro plant operator vehicle planned by EBRD
European Bank for Reconstruction and Development said it is considering an equity investment of up to USD 35 million (EUR 30.73 million) to acquire up to a 20% stake in holding company HoldCo, a vehicle to be established as a 100% owner of five operating run-of-the-river hydropower plants (HPPs) currently owned by Rönesans Enerji and […]
Agreements for construction of 19 small hydro facilities
After the completion of the sixth round of concession granting procedure, the Ministry of Environment and Spatial Planning of Macedonia signed agreements with 12 investors for the construction of 19 small hydropower plants, Republika.mk said. The one-time concession fee is MKD 150 million (EUR 2.44 million). The contract expires after 23 years, including three years […]
Parliament approves law on power from renewable sources
A large majority of lawmakers adopted legislation on measures in the field of electricity produced from renewable energy sources, according to a press release issued by the Ministry of Energy, Small and Medium Sized Enterprises and Business Environment, Business-review.eu reported. The business magazine’s portal said producers and operators who were not issued individual decisions authorization […]
Formal launch of works on Krnovo wind power plant
Montenegro’s Krnovo Green Energy has marked the official start of construction works on the 72 MW Krnovo wind power plant with an estimated investment value of EUR 120 million, SeeNews portal cited local media reports. The consortium of France’s Akuo and Austria’s Ivicom has been awarded a permit to build the wind park. Krnovo Green […]