EBRD appoints Matteo Colangeli chief of Albanian office
The European Bank for Reconstruction and Development said Matteo Colangeli was named head of operations in Albania. Based in Tirana, he will take up his position on September 1, succeeding Christoph Denk, who has returned to the headquarters as director for country strategies and results. Matteo Colangeli joined the bank’s natural resources team in London […]
Piraeus Bank Bulgaria to finance residential energy efficiency
The European Bank for Reconstruction and Development (EBRD) said it is providing a EUR 10 million loan complemented by technical assistance to Piraeus Bank Bulgaria (PBB). The loan is provided under the new extension of the Residential Energy Efficiency Credit Line (REECL), a framework established by the EBRD in 2005. As the partnership continues, PBB […]
BPB Bank enters EBRD’s green energy programme
A new bank in Kosovo* has joined the energy efficiency financing programme of the European Bank for Reconstruction and Development. Under an agreement signed by Suma Chakrabarti, EBRD’s president, and Arton Celina, the chief executive officer of BPB, the bank will receive a EUR 1 million credit line for on-lending to small and medium-sized enterprises […]
EBRD, FAO produce study on use of animal waste
A study on the possibilities to utilize animal by-products was presented in Belgrade at the meeting of working groups for meat and milk, within a project of public–private political dialogue. It is implemented in Serbia by the Food and Agriculture Organization of the United Nations and the European Bank for Reconstruction and Development, which financed the […]
KESH secures EUR 218 million loan from EBRD
The European Bank for Reconstruction and Development is supporting the modernization of Albanian Power Corporation (Korporata Elektroenergjitike Shqiptare – KESH sh. a.), the largest generator of electricity in Albania, with a EUR 218 million. The state-owned utility provides 70% of domestic generation and is active in the regional energy-generating sector. Helping KESH in restructuring and […]
EBRD supports expansion of solar energy in Cyprus
The European Bank for Reconstruction and Development (EBRD) said it is providing EUR 10 million in debt financing for the construction, development and operation of five photovoltaic parks with total capacity of 11.9 MW. The investment will strengthen efforts in Cyprus to reduce climate change emissions and dependency on imported fuels, according to the statement. […]
Energy efficiency is the best energy resource
Political will is the first of necessary requirements to reach the maximum use of domestic and sustainable energy resources, according to Konstantin Dimitrov, award-winning inventor, scholar and researcher in areas of energy and energy efficiency, with over 470 papers published in Macedonia and abroad. He told Balkan Green Energy News it is crucial to bring […]
Romelectro wins KOSTT’s tender worth EUR 7.5 million
Romelectro Group signed the contract for the construction of high voltage power lines in Kosovo* after being selected at an international tender by KOSTT – Transmission, System and Market Operator JSC. The European Bank for Reconstruction and Development will finance the investment of EUR 7.5 million. Works consists of five key sections of 220 kV and […]