Terna secures financing from EIB, Alpha for two wind farms in Greece
Greece’s Terna Energy Group has secured financing for the construction of two 44 MW wind farms on Mt. Vermio in northern Greece. The European Investment Bank (EIB) extended a EUR 24 million loan, while Alpha Bank acted as co-lender providing an equivalent amount of long-term debt next to a medium-term VAT facility. The EIB’s loan […]
Bids for two wastewater treatment plants to be sought as construction of four EU-funded facilities wraps up
The Macedonian Finance Ministry should invite bids by the end of 2018 for the construction of wastewater treatment plants in the municipalities of Bitola and Tetovo, Finance Minister Dragan Tevdoski has said, local media reported. A wastewater treatment plant was unveiled in the municipality of Radoviš earlier this week under a project worth EUR 6 […]
EPCG swings to net profit of EUR 42.8 million in H1
Power utility Elektroprivreda Crne Gore (EPCG) had a net profit of EUR 42.8 million in the first half of 2018, the company said on its website, adding that its Board of Directors has adopted a decision on the 2017 consolidated results, which show that EPCG Group’s net profit stood at EUR 1.5 million last year. EPCG’s […]
Tendering ahead to remediate Sovjak toxic waste dump under EUR 50 million project
The Sovjak pit, a natural sinkhole in the karst rock holding around 150,000 cubic meters of hazardous waste dumped by the local oil industry and other companies until 1990, is a step closer to remediation after the Croatian state bodies signed an agreement securing EU funding for the project worth some EUR 50 million. The […]
GGF Impact Stories: Improving energy efficiency in Montenegro
The Green for Growth Fund (GGF), which was initiated as a public-private partnership in December 2009 by German development bank KfW and the European Investment Bank (EIB), surpassed major milestones in 2017, increasing the total financing it has provided to final borrowers to over EUR 600 million across more than 25,000 individual projects. The GGF […]
U.S. Energy Association, USAID to support regional electricity market creation in SEE
The U.S. Energy Association (USEA) and the United States Agency for International Development (USAID) have structured a landmark agreement that supports the development of a regional electricity market among transmission system operators (TSOs) and market operators (MOs) in eight countries in Southeast Europe (SEE), the USEA said on its website. Under the new Electricity Market Initiative (EMI), […]
Slovenia boosts 2018 subsidies to fight climate change
The Slovenian government has adopted a revision of the 2018 budget of Eko Sklad, the public environmental fund managed by the Ministry of the Environment and Spatial Planning, increasing subsidies planned for 2018 as part of efforts to fight climate change, according to a press release from the government. Eko Sklad can now provide up […]
Measures to tackle air pollution inefficient, financing inadequate – analysis
An analysis of the National Audit Office (NAO) identifies the inefficiency of measures and the inadequacy of financing as key reasons for poor results in tackling air pollution in Bulgaria. The NAO analysis is part of a collective audit by 15 audit offices in the region and the EU, covering the period from 2014 to 2017. […]