EBRD helps policy reform to stimulate energy efficiency
The European Bank for Reconstruction and Development sees large opportunities for savings in public budgets in the improvement of efficiency of municipal lighting, says Daniel Berg, the international financing institution’s director in Serbia. He told Balkan Green Energy News the bank is providing technical cooperation to a number of municipalities and hopes to finance investment […]
One thousand projects are just the start
By Josué Tanaka, the EBRD’s managing director for Operational Strategy and Planning, Energy Efficiency and Climate Change. The European Bank for Reconstruction and Development is looking ahead to an ambitious future and back at the achievements of the recent past as we boost our contribution to global efforts to combat climate change. We have just […]
EBRD approves funds for Krnovo wind power plant
The European Bank for Reconstruction and Development (EBRD) is supporting the first commercial wind power plant in Montenegro, to be located at Krnovo, near the town of Nikšić in the western part of the country. Also, the government in Podgorica agreed on July 23 for French development bank of Proparco to join the project lenders. […]
Sustainable Energy Initiative mainstreams renewables
Under the framework of its Sustainable Energy Initiative, the European Bank for Reconstruction and Development funded renewable energy generation with about EUR 4 billion between 2006 and the end of 2014, says Nandita Parshad, EBRD Director, Power and Energy Utilities. In an interview with Balkan Green Energy News, she underscored the challenges coming from changing […]
Consultant sought for housing energy efficiency credit lines
European Bank for Reconstruction and Development published an invitation for expressions of interest for consultancy services in scaling up its operations of Sustainable Energy Financing Facilities (SEFF) in Croatia. Households are the largest energy user, consuming more than 30% of the total final energy consumption, the notice said. Households are also the largest consumer of […]
Basketball star’s factory supplies EPS with smart meters
EWG’s factory from the eastern Serbian town of Bor won the controversial tendering for the production of smart power meters for Electric Power Industry of Serbia (EPS), Belgrade newspaper Večernje novosti said on May 12. The company, which launched production in 2013, is owned by Dejan Bodiroga, International Basketball Federation (FIBA) official and retired Serbian […]
Pressure mounts on EBRD to quit Mavrovo dams project
The Macedonian government has plans to make Mavrovo the home for two large and around 15 small hydro power plants, one with financial support from the EBRD, even though this is the largest and richest national park in the country and home to the critically endangered Balkan Lynx, CEE Bankwatch Network said. Boškov most, one of […]
Investment in hydro plant operator vehicle planned by EBRD
European Bank for Reconstruction and Development said it is considering an equity investment of up to USD 35 million (EUR 30.73 million) to acquire up to a 20% stake in holding company HoldCo, a vehicle to be established as a 100% owner of five operating run-of-the-river hydropower plants (HPPs) currently owned by Rönesans Enerji and […]