EBRD tightens environmental, disclosure standards for all hydropower projects
The European Bank for Reconstruction and Development (EBRD) has unveiled its new good governance policies after conducting public consultations across 8 cities, including Belgrade, Serbia. According to its new Environmental and Social Policy, the EBRD will require its financial intermediaries to refer all high-risk sub projects, including all hydropower projects, back to the EBRD’s in-house […]
EBRD invests USD 100 million in renewable arm of Turkey’s IC Holding
The EBRD is investing USD 100 million in a stake of Ictas Surdurulebilir Enerji Yatirimlari, the renewable subsidiary of Turkey’s IC Energy Holding. The Turkish company plans to invest EBRD funds in wind farms and solar power plants with a combined capacity of up to 250 MW. The agreement was inked on the sidelines of […]
Čibuk 1, Serbia’s largest wind farm, fully constructed
Construction has been completed on the 158 MW Čibuk 1, Serbia’s largest wind farm, according to a news release from one of the financial institutions that approved a loan for the project. The wind farm has started trial production. Čibuk 1, with 57 wind turbines, “is fully constructed,” reads a news release from the European […]
Tendering: ELEM seeks bids to supply, install 10 MW Oslomej solar power plant
North Macedonia’s state-owned electricity producer ELEM has invited bids to supply and install a 10 MW solar photovoltaic (PV) power plant adjacent to its Oslomej coal power plant. The solar power plant is the biggest currently planned in the country, Deputy Prime Minister Koco Angjusev told a news conference. ELEM plans to develop a 10 […]
Akfen commissions first of four wind farms slated for completion in 2019
Akfen Renewable Energy, the renewables arm of Turkey’s Akfen Holding, has put into operation the first of four wind farms planned to go on stream in 2019. The 26 MW Kocalar wind farm became operational last week, according to reports. The Kocalar wind farm will meet the electricity demand of 120,000 consumers annually, according to […]
Financing agreement signed to build new CHP plant, resolve Zenica’s top polluter
A financing agreement has been signed for a EUR 53 million project to build a combined heat and power plant (CHP) to use recovery gases from the steelworks in Zenica, instead of coal burned by the current boilers. The project is expected to resolve the city’s district heating issues, as well as to significantly cut […]
EBRD organizing public consultation on good governance policies in Belgrade on February 28
The European Bank for Reconstruction and Development (EBRD) is organizing a public consultation on its good governance policies – the Environment and Social Policy, the Public Information Policy, and the Project Complaint Mechanism Rules of Procedure – in Belgrade, Serbia on February 28, the Bank has announced. The EBRD’s three major good governance policies are […]
Government of Macedonia announces tendering for solar power plants, wind farm
The Government of Macedonia has announced tendering for the construction of solar power plants with a combined capacity of 200 MW in February, and for premiums for a 50 MW wind farm by the end of the year, while state power utility ELEM has secured financing for the construction of a 10 MW Oslomej solar […]