Financing for new coal power plants coming to end
99 percent of internationally available development finance IS committed to reducing or ending coal finance support
PPC to sign agreement with China Development Bank
China Development Bank (CDB) and the Public Power Corporation (PPC) are due to sign a memorandum of understanding in Thessaloniki on Saturday, September 9. The agreement will be inked during a conference titled “Investment Opportunities in Southeastern Europe – Trends and Challenges in the Energy Sector.” Conference is being organized by PPC within the framework […]
NIS, Betec sign cooperation agreement on geothermal energy
Serbian energy company NIS Gazprom Neft and the Chinese Betec Group Ltd. have signed a co-operation agreement on developing geothermal energy projects in Serbia. The two companies have joined forces to develop geothermal active areas plan to build power plants in northern Serbia “based on the well head power plant technology,” says the NIS statement. The […]
NGOs ask China to shift investment focus to green energy
Electric power projects with lignite in Southeastern Europe pose a significant threat to European Union’s climate and energy goals that countries of the region should be fulfilling on their path to accession, an association of environmentalist groups said. China, along with 177 other countries of the world, has signed the Paris Agreement last month, but […]
China Development Bank would back geothermal projects
Beijing Explo-Tech Engineering Co. Ltd. (Betec) is interested in exploiting geothermal energy in Vranje and Kuršumlija in southern Serbia, and in building a thermal power plant, the representatives of the company from China said at a meeting with president Tomislav Nikolić. Beta news agency reported the potential investors said the power plant construction should start by […]