BPB Bank enters EBRD’s green energy programme
A new bank in Kosovo* has joined the energy efficiency financing programme of the European Bank for Reconstruction and Development. Under an agreement signed by Suma Chakrabarti, EBRD’s president, and Arton Celina, the chief executive officer of BPB, the bank will receive a EUR 1 million credit line for on-lending to small and medium-sized enterprises […]
EIB opens credit line for energy, environment
The European Investment Bank said it approved a EUR 50 million credit line to SID Bank d.d., Slovenia’s national export and development entity, to finance smaller projects of municipalities and public firms as well as small and medium-sized enterprises and midcap companies in the areas of infrastructure, energy efficiency and the environment. EIB funds will […]
EIB sets EUR 360 million for co-financing with EU funds
Romanian Partnership Agreement with the European Union for the 2014-2020 programming period will be supported by the European Investment Bank’s loan of EUR 360 million. Growth-oriented investments will be financed under operational programmes targeting competitiveness, human capital and large-scale infrastructure, EIB said after the agreement was signed. The loan will focus on energy, environmental improvement, […]
GGF teams with Alter Modus to support green finance
A senior loan of EUR 2 million to boost the emerging segment of energy efficiency was announced by Green for Growth Fund (GGF) for Alter Modus Ltd. Montenegro’s largest microfinance institution, with a market share of 70%, recognized the importance of financing and the growth potential in the sector, the press release said. The investment […]
KESH secures EUR 218 million loan from EBRD
The European Bank for Reconstruction and Development is supporting the modernization of Albanian Power Corporation (Korporata Elektroenergjitike Shqiptare – KESH sh. a.), the largest generator of electricity in Albania, with a EUR 218 million. The state-owned utility provides 70% of domestic generation and is active in the regional energy-generating sector. Helping KESH in restructuring and […]
EBRD supports expansion of solar energy in Cyprus
The European Bank for Reconstruction and Development (EBRD) said it is providing EUR 10 million in debt financing for the construction, development and operation of five photovoltaic parks with total capacity of 11.9 MW. The investment will strengthen efforts in Cyprus to reduce climate change emissions and dependency on imported fuels, according to the statement. […]
GGF enhances support to Yapı Kredi Leasing
A third senior loan was approved for Turkey’s Yapı Kredi Leasing by the Green for Growth Fund, Southeast Europe (GGF). The institution said it set EUR 20 million for the company’s financing programme for renewable energy production and energy efficient machinery. The subsidiary of Yapı Kredi Bankası holds a strong energy efficiency lending portfolio and […]
Italian company preparing to invest in biomass cogeneration
Twenty underdeveloped municipalities in the Federation of Bosnia and Herzegovina and another 20 in the Republic of Srpska which dispose of wood waste will be included in cogeneration projects, said Foreign Investments Promotion Agency (FIPA) of BiH. Director Gordan Milinić spoke to Zdravko Aćimović, who heads Alfa Invest – partner of Pyrox from Turin for […]