CMEC considering construction of wind farms at Galica, Vlašić location
Prime Minister of the Central Bosnia Canton (SBK) Tahir Lendo met with representatives of local firms Tomix Kneževo and TLG Travnik, as well as China Machinery Engineering Corporation (CMEC) to discuss the construction of wind farms at the locations of Galica and Vlašić. CMEC and the two companies from Bosnia and Herzegovina started cooperation a […]
Local governments invited to apply for energy efficiency grants
The Serbian Ministry of Mining and Energy has invited local governments to propose projects to be financed from the budget fund for improving energy efficiency in 2018, with up to around EUR 1.06 million (RSD 125 million) in grants envisaged to be disbursed. Of the total budget for energy efficiency projects in 2018, up to […]
GGF helps energy efficiency in Serbian homes via Halkbank
Primary energy savings of 43 GWh and reductions of carbon dioxide emissions of more than 13,000 metric tonnes on an annual scale were highlighted by the Green for Growth Fund as it announced a long-term EUR 5 million loan for the housing sector in Serbia. The deal signed with Türkiye Halk Bankası AŞ’s subsidiary in […]
GGF provides EUR 20 million senior loan to UniCredit Bank for renewable energy financing in Serbia
The senior loan for financing renewable energy projects represents the beginning of the cooperation between GGF and UniCredit Bank Serbia. The renewable energy projects to be financed by the GGF loan are expected to reduce carbon dioxide (CO2) emissions by 47,000 tons. The Green for Growth Fund (GGF) and UniCredit Bank Serbia have signed a loan agreement […]
EBRD and the Green Economy Transition: a strategy for sustainable investments in Serbia
By Ana Bachurova, EBRD Energy Efficiency and Climate Change team and Daniel Berg, EBRD Director for Serbia The European Bank for Reconstruction and Development (EBRD) was the first international financial institution whose charter was explicitly “green” – that is, environmentally friendly. In Serbia, the EBRD investments in green projects account for more than EUR 800 […]
EBRD providing green funds to UniCredit for on-lending
UniCredit Bank a.d. Banja Luka may be granted a EUR 5 million senior loan under the Western Balkans Residential Green Economy Financing Facility (GEFF) for on-lending to residential sector for green economy investments in Bosnia and Herzegovina, the European Bank for Reconstruction and Development said in the project summary. The target board date is May […]
Switching to biomass could save to Valjevo heating plant up to EUR 1.4 million
Valjevo Heating Plant is planning to switch to biomass, which would cost EUR 4-5 million. According to this year’s expenses, utilizing biomass would save the plant EUR 1.3-1.4 million annually. “Ahead of us is a 12-month period during which we have to conduct a feasibility study and obtain the project documentation. The ambitious plan is […]
Komazec: GGE regional expansion strongly supported by its strategic partners
GGE’s plan to become regional energy leader providing integrated energy solutions both in Slovenia and other markets of SEE region, as well as its EUR 170 million investment plan for the next five years is bein strongly supported by its owners and new investors. GGE’s primary focus ever since its establishment in 2011 has been energy performance […]