Court cancels environmental permit for small hydro facility
Environmental group Zeleni Neretva said that after a three-year process, the Cantonal Court in Sarajevo issued a judgment which cancelled ecological permits for the construction of hydropower plant Dindo on the river Ljuta. Environmental permits for this one and two other power plants on the Ljuta – Memiškovići and Donje Luko, were issued in May […]
ELEM activates EUR 5.6 million in guarantees from Slovenia’s Riko
The bank guarantees provided by Slovenia’s Riko worth EUR 5.6 million were activated, state-owned power producer ELEM said on April 9. The foreign company failed to meet obligations in the former Yugoslav republic on the construction of a 36.4 MW hydropower plant (HPP), said ELEM, operator of the facility. St. Petka HPP was officially delivered […]
MVM purchases hydroelectric power plant
State-owned MVM Hungarian Electricity Ltd. has purchased a 7.48 MW hydroelectric power plant (HPP) in Romania, more precisely a 90 percent stake, in order to “further strengthen its renewables portfolio”, Budapest Business Journal reported, citing an article in Hungarian language Romanian daily ’Kronika’. According to the paper, the value of the transaction is approximately EUR […]
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