EPS calls second tender to reconstruct small hydropower plants

The Serbian Electric Power Industry (EPS) has called the second tender for the rehabilitation of seven more small hydropower plants (SHPPs) in Serbia. The EPS invited companies from across the world to submit sealed offers for the work on the plants. The offers must be submitted in English by noon on July 5, 2017. Tender […]

Renewables May 11, 2017

Krnovo wind park started trial electricity production

Wind power plant in Krnovo, Montenegro, launched trial electricity production on 5 out of 26 wind turbines installed. Wind park has MW 72 of installed power and it is one of the largest facility of that type in the region. According to plan, production will be increased gradually, followed by technical tests. If the tests […]

Soon auctions for solar power project in Albania with support of EBRD

Albania’s Minister of Energy and Industry, Damian Gjiknuri and EBRD Head of Albania, Matteo Colangeli signed a Memorandum of Understanding (MoU) in the capital Tirana with the goal to stimulate investments in solar power generation in the country. The arrangement will facilitate development of projects in Albania through an auction-based system, in accordance with international best […]

Strabag and Končar late in delivering project documentation for HPP Vranduk

Construction works on Vranduk hydropower plant (HPP Vranduk) have been stalled. According to local media reports, the consortium comprising Austrian Strabag and Croatian Končar has delayed in delivering project documentation while trying to revise upwards the cost of the project, proposal to which the supervisory body was reluctant. The project of state power utility EPBiH […]

EBRD and the Green Economy Transition: a strategy for sustainable investments in Serbia

By Ana Bachurova, EBRD Energy Efficiency and Climate Change team and Daniel Berg, EBRD Director for Serbia The European Bank for Reconstruction and Development (EBRD) was the first international financial institution whose charter was explicitly “green” – that is, environmentally friendly.  In Serbia, the EBRD investments in green projects account for more than EUR 800 […]

Features April 26, 2017

EBRD providing green funds to UniCredit for on-lending

UniCredit Bank a.d. Banja Luka may be granted a EUR 5 million senior loan under the Western Balkans Residential Green Economy Financing Facility (GEFF) for on-lending to residential sector for green economy investments in Bosnia and Herzegovina, the European Bank for Reconstruction and Development said in the project summary. The target board date is May […]