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 […]
EPS invites expressions of interest for consultancy
Electric Power Industry of Serbia (EPS) said it seeks an environmental expert and independent engineer for its small hydropower plants project. The invitation for expressions of interest follows the general procurement notice from July 29. The European Bank for Reconstruction and Development said the power monopoly intends using the proceeds of its loan for a project […]
SIDA grants EUR 2 million for Prijedor CHP plant
The contract for a donation in a biomass-powered district heating plant project in Prijedor was signed by the town’s mayor Marko Pavić and the representatives of European Bank for Reconstruction and Development (EBRD), Swedish International Development Cooperation Agency (SIDA) and a. d. Toplana Prijedor, the plant operator. Pavić stated the EBRD approved a EUR 7 […]
EBRD: Outages, inefficiency rank high in business challenges
Though some improvements have taken place, electricity issues remained the most severe obstacle for firms in Albania, the European Bank for Reconstruction and Development (EBRD) and the World Bank Group said in the summary of fifth Business Environment and Enterprise Performance Survey (Beeps). The report covers countries in the transition region of Central, Eastern and […]
İşbank joins EBRD’s home energy efficiency programme
The USD 350 million financing facility launched by the European Bank for Reconstruction and Development (EBRD) and the Clean Technology Fund (CTF) was joined by İş Bankası AŞ (İşbank), headquartered in Levent, Istanbul. The purpose of the programme is to boost investment in energy efficiency improvements for homes, EBRD said. The Turkey Residential Energy Efficiency […]
Development banks adopt climate mitigation finance tracking
Several national and international development banks adopted common norms for tracking projects for the mitigation of climate change effects. Similar principles for tracking adaptation finance and leverage are being developed. The document was published on the Paris Climate Finance Forum. These institutions have been tracking climate finance for only a few years, and their methods […]
KOSTT boosts transmission grid security from EBRD loan
The electricity transmission system operator KOSTT intends using the proceeds of a loan from the European Bank for Reconstruction (EBRD) for achieving full compliance with the N-1 electricity transmission grid security criteria, the bank said. This is a key technical requirement for KOSTT to join the European Network of Transmission System Operators for Electricity (ENTSO-E), which […]
