Austria interested in investing in mini HPPs in Serbia

Austria is interested in building mini hydropower plants (HPP) in Serbia and exploring its significant potential in hydropower, the Serbian government announced after a meeting between Aleksandar Antić, Serbian energy ministry and Nikolaus Lutterotti, Austria’s newly appointed ambassador. Lutterotti said that Austria is ready to further strengthen cooperation, especially in the construction of mini hydropower plant. […]

Hidroelectrica launches tender for retrofitting of HPP Vidraru

Romania’s Hidroelectrica has launched the international public tender for the refurbishment of the hydro-power plant Vidraru. The estimated value of the project is EUR 78.98 million (without VAT), to which can be added maximum EUR 1.75 million of unanticipated expenses. The largest energy producer in Romania said it its statement, published by Romanian media, that the […]

Electricity February 20, 2018

Albania won arbitration against Hydro S.R.L. over Kalivac HPP

The Republic of Albania won arbitration over hydropower plant (HPP) Kalivac against Italy’s Hydro S.R.L, Albanian infrastructure and energy ministry announced. The International Court of Arbitration ruled in favor of Albania in a breach of contract in the Kalivac construction case and the Albanian government will receive EUR 172 million in damages. In October 2014, […]

Electricity January 30, 2018

Canadian company abandoned Brodarevo hydro project in Serbia

Canada-based Reservoir Capital have decided to abandon Brodarevo hydro project which included two hydropower plants (HPPs) Brodarevo 1 and Brodarevo 2 on Lim river in Southwest Serbia, with installed capacity of 59 MW. The decision comes after a decade-long development of the EUR 150 million project. Reservoir Capital announced that its wholly owned Serbian subsidiary, […]

Electricity January 25, 2018