VEC Energia acquired by Energo-Pro
The deal for the full acquisition of VEC Energia Holding EAD, the second in scale private hydropower plant operator in Bulgaria, was completed by Energo-Pro Bulgaria EAD. The shares were transferred on January 30 and Energo-Pro stepped in as the sole shareholder of VEC and the six hydropower plants, owned by the company directly and […]
Multiconsult hired for consulting in Devoll projects
Statkraft Albania’s project Devoll Hydropower (DHP) Sh.A. signed a contract with a Norwegian engineering and design firm. Multiconsult was picked for providing contract staff and for consulting services. Hydropower stations, Banja and Moglicë, one of which is underground, will have total capacity of 256 MW. The stations will produce an estimated 729 GWh per year, […]
Turkish companies don’t claim Gazivode
Kosovo Energy Distribution Services (KEDS) told Vesti newspaper it does not claim Gazivode hydropower plant complex in Kosovo*. The company is owned by Turkish companies Çalık and Limak since 2013, but the power infrastructure at the site is controlled by EPS (Electric Power Industry of Serbia). „Our company is in electric power distribution, maintaining equipment […]
Investment in hydro plant operator vehicle planned by EBRD
European Bank for Reconstruction and Development said it is considering an equity investment of up to USD 35 million (EUR 30.73 million) to acquire up to a 20% stake in holding company HoldCo, a vehicle to be established as a 100% owner of five operating run-of-the-river hydropower plants (HPPs) currently owned by Rönesans Enerji and […]
Power producer Hidroelectrica to invest EUR 1.8 billion
An investment budget of EUR 1.3 billion for 2015-2020 has been set by power producer Hidroelectrica, Romania-insider.com portal reported. About EUR 450 million are for the ongoing projects in Racoviţa, Bretea, Răstoliţa, Siriu-Surduc, Dumitra-Bumbeşti. Hidroelectrica will also invest EUR 350 million to refurbish four high capacity hydropower plants, namely Stejaru, Vidraru, Râul Mare – Retezat […]
Small hydropower plants project stuck with deadline nigh
Zorana Mihajlović, Serbian vice premier and minister for construction and infrastructure, said the development of small hydropower facilities (SHPPs) for which investors have been given the locations, has stopped, B92.net reported. She noted that while she was the minister responsible for energy, in the previous mandate, two public invitations were published for the locations. Altogether, there […]
Government cancels contracts for 30 hydro plants
Licenses for the construction and use of 30 power plants throughout Albania were cancelled by the country’s government for their „failure to meet obligations,“ after members of the European Parliament called on it to reconsider the plans. Prime minister Edi Rama’s cabinet earlier scrapped several such systems that were approved in the last meetings of […]
Mayor of Ključ talked to potential investors in hydropower
Representatives of German company Max Acher visited Una–Sana Canton in March and expressed their desire to invest in that part of Bosnia and Herzegovina, particularly in the municipality of Ključ, its mayor Nedžad Zukanović told Faktor.ba portal, Sarajevo Times reported. “They are interested in investing in the energy sector, particularly for the construction of small […]
