EPCG’s new investment cycle focuses on portfolio diversification, hydropower projects
A Belgrade consortium comprising engineering firm Energoprojekt Hidroinženjering and water management institute Jaroslav Černi has been selected to produce a conceptual design for hydropower plant (HPP) Komarnica, and has already prepared an environmentally acceptable technical solution, which paves the way for the construction of the power plant following decades of research, Igor Noveljić, CEO of […]
Local authorities in SEE invited to apply to host workshop on financing options for greener cities
ICLEI – Local Governments for Sustainability, in cooperation with the EKLIPSE project and NATURVATION project, are inviting local authorities in South-East Europe (SEE) to apply to host a two-day capacity-building workshop titled: Exploring financing options for greener cities – strengthening the capacity of local stakeholders to explore appropriate financing arrangements for nature-based interventions. The applying […]
Montenegro gets EUR 6 million World Bank loan for energy efficiency
Montenegro plans to invest EUR 6 million in the implementation of energy efficiency measures at 18 health care facilities by 2023, as part of the Montenegro Energy Efficiency Project 2 (MEEP 2). The funds have been secured through a World Bank loan. The loan agreement was signed by Montenegrin Finance Minister Darko Radunović and the […]
Contractors selected for biomass boiler in Priboj, tendering for district heating plant ahead
After concluding the tendering procedure, the Municipality of Priboj signed a RSD 89.9 million contract on the design, procurement and installation of a biomass boiler with a consortium led by MPP Jedinstvo Sevojno with contractors Viessmann Belgrade and Čip from Prokuplje and Axis Construction Bureau from Novi Sad as a subcontractor. The investment is funded […]
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 […]
GGF supports two large-scale wind farms in Serbia
The Green for Growth Fund (GGF), advised by Finance in Motion GmbH, will support two of the first large-scale wind farms in the country – the 158 MW Čibuk 1 wind farm and the 42 MW Alibunar wind farm with a total of EUR 31.85 million, GGF said in a statement. The GGF secured EUR […]
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 […]
EPCG inks wind farm MoU with Austria’s Ivicom, feed-in tariffs not planned
Montenegro’s power utility Elektroprivreda Crne Gore (EPCG) and Austria-based Ivicom Holding have signed a memorandum of understanding (MoU) concerning the implementation of a project to build the Gvozd wind farm with a planned capacity of 50 MW, under an investment estimated at around EUR 70 million, EPCG has said in a press release. Financing for […]