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 […]
EIB: New EUR 100 million energy efficiency investment in Greece
European Investment Bank (EIB) and Piraeus Bank are partnering in order to trim energy costs for companies in Greece by EUR 100 million through new energy efficiency investments in the country. This initiative is the first in Greece under the Private Finance for Energy Efficiency program and represents the largest energy efficiency financing initiative to […]
CLIM@ competition for sustainable future – Call for applications
The Green for Growth Fund (GGF) has launched clim@, a new competition for innovative businesses or projects that have the power to change current practices and demonstrate strong positive climate impact. Fostering energy conservation, renewable energy and resource efficiency as keys to a sustainable future, the GGF has opened the call for applications globally for […]
PPC Renewables readies to develop 700 MW in RES capacity
PPC Renewables, a wholly-owned green energy subsidiary of Public Power Corporation, the main power utility in Greece, is ready to develop 700 MW in renewable energy sources (RES) capacity, mostly in the wind and photovoltaic energy fields. While waiting for the upcoming auctions in renewable, scheduled for April in Greece, PPC Renewables has announced that […]
Public-private partnership: EIB is interested in PPP projects in Serbia
In 80% of public-private partnership (PPP) projects in Europe the public sector pays compensation to a private partner and the concession model has been less often used, said Dubravka Negre, Head of European Investment Bank’s (EIB) Regional Representation for the Western Balkan. Following is her interview for Improving Energy Efficiency through Public-Private Partnership Model publication. […]
Study: European-financed small hydropower plants damaging pristine Balkan
Eight hydropower projects in Albania, Croatia and Macedonia financed with European public money have damaged biodiversity and are in urgent need of increased monitoring and restoration measures, finds a study by CEE Bankwatch Network. The hydropower plants were enabled by support from the European Bank for Reconstruction and Development (EBRD) and the European Investment Bank […]
