Decision makers get acquainted with Pluto initiative
The European Bank for Reconstruction and Development said it presented its innovative financing scheme in support of geothermal energy projects at a three-day IGC Turkey conference. The Pluto initiative, worth USD 125 million (EUR 110 million), provides finance and advice to private developers at exploratory stages in a move to tap Turkey’s significant potential for geothermal energy […]
Terna Energy expects EBRD’s loan for green energy projects
A project summary document released by the European Bank for Reconstruction and Development (EBRD) targets a board decision on July 20 for the approval of a senior secured loan of up to EUR 50 million to Terna Energy SA. The package for a project with a total cost of EUR 60 million is considered to […]
EBRD mulling EUR 15 million loan for grid, smart meters
Dependent enterprise (ZP) Elektrokrajina a.d. Banja Luka, the biggest distribution within utility holding Elektroprivreda Republike Srpske (ERS) Trebinje, is expecting approval from the board of the European Bank for Reconstruction and Development for a loan worth EUR 15 million. The target date is September 7, the financing institution said, adding it is considering the endeavour […]
Chronic delays in four green power projects
Out of six major energy endeavours stuck in development in Macedonia, three are in the area of hydropower and one is for a gigantic photovoltaic facility at Bitola, according to an analysis published by Build.mk portal. The solar power plant project in the south of the country was started in 2010 with work on a […]
Court blocks hydropower project Boškov most
A complaint filed by Macedonian environmental organisation Front 21/42 was sustained by the Administrative Court Skopje and declared the licence for the construction of a large hydropower project in Mavrovo National Park devoid of any legal basis. “With this, the European Bank for Reconstruction and Development (EBRD) is more than overdue to definitively withdraw its […]
EBRD sells stake in Romania’s Green Group
The European Bank for Reconstruction and Development (EBRD) said it divested its share in Romania’s Green Group, specialized in consumer packaging waste recycling. The firm embarks on its next stage of development and sets its sights on a public listing, the press release states. EBRD’s stake, as well as the part owned by Global Finance, […]
IFC joining EBRD in investment in Akfen’s green energy
The International Finance Corporation will join the European Bank for Reconstruction and Development in supporting the renewables branch of Turkish conglomerate Akfen Holding with a combined investment of EUR 175.5 million, SeeNews reported. The two development banks will have equal stakes in Akfen Yenilenebilir Enerji AŞ and make equal investments, according to a public filing. […]
Visoko to upgrade, expand water supply with EBRD’s help
A project summary document by the European Bank for Reconstruction and Development revealed a EUR 4.5 million loan is in preparation for the Municipality of Visoko in Bosnia and Herzegovina to expand water supply. The target for the decision by the board, pending final review, is July 20. The project aims to enable connection of […]
