HEP signs construction deal for Zagreb CCPP as it secures EUR 130 million in lending from EBRD, EIB
Power utility Hrvatska Elektroprivreda’s (HEP) project to build a new gas-fired combined-cycle gas-turbine plant to replace old and worn-out units at the EL-TO Zagreb combined heat and power (CHP) site will be backed with a total of EUR 130 million in lending from the European Bank for Reconstruction and Development (EBRD) and the European Investment […]
Terna secures financing from EIB, Alpha for two wind farms in Greece
Greece’s Terna Energy Group has secured financing for the construction of two 44 MW wind farms on Mt. Vermio in northern Greece. The European Investment Bank (EIB) extended a EUR 24 million loan, while Alpha Bank acted as co-lender providing an equivalent amount of long-term debt next to a medium-term VAT facility. The EIB’s loan […]
GGF Sustainable Future Forum calls for sustainable, innovative solutions, announces clim@ winners
The Green for Growth Fund (GGF) held its first Sustainable Future Forum in Frankfurt, Germany on June 27. The event gathered more than 250 participants to showcase leading initiatives in green finance for energy and resource efficiency throughout the Fund’s regions of operations, as well as the most inspiring global initiatives. The grand finale of […]
Petition handed to EBRD calling on IFIs to drop “destructive hydropower in the Balkans”
Representatives from the Save the Blue Heart of Europe campaign to save the continent’s last undammed rivers have handed in a petition endorsed globally by more than 120,000 people, calling on international development banks to rein in financial support for hydropower projects in the Balkans, according to a press release from CEE Bankwatch Network, one […]
EIB to finance procurement of electric buses for Belgrade
The European Investment Bank (EIB) plans fresh investments in Belgrade’s green urban mobility, said Head of EIB Regional Representation for the Western Balkans Dubravka Negre. The EIB plans to finance the procurement of new electric buses and help modernize trams and tram tracks in the Serbian capital, Negre said. Negre made the announcement while discussing […]
EMS starts work on EUR 8.15 million Bistrica substation
State power grid operator Elektromreža Srbije (EMS) has launched preparatory works for building an EUR 8.15 million substation in western Serbia, which will help improve the stability of electricity transmission and distribution systems of Serbia, Montenegro, and Bosnia and Herzegovina, local media reported. High-voltage equipment for the 220/110 kV Bistrica substation, worth EUR 1.4 million, […]
EIB provides EUR 15 million to HBOR for biodiversity improvement
European Investment Bank (EIB) has provided EUR 15 million to Croatian Bank for Reconstruction and Development (HBOR) under the Natural Capital Financing Facility in order to improve conservation of existing biodiversity, improve green infrastructure and strengthen climate change resilience. The Natural Capital Financial Facility, founded 3 years ago by the EIB and the European Commission, has […]
Belgrade to “do its part” to enable launch of works under Vinča landfill project by next spring
The City of Belgrade will “do its part” within legal deadlines to enable launching construction by the spring of 2019 under a EUR 333 million public-private partnership (PPP) project to remediate the Vinča landfill – Serbia’s biggest environmental problem – and build modern waste management facilities, City Manager Goran Vesić said. Vesić was speaking while […]
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