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 […]
China’s interest in hydro comes from global strategy
Five Chinese consortia were preparing to win a USD 1.1 billion pumped hydro storage facility, obsolete for 30 years, Greentech Media reported. The selected contractor should launch works on the 1 GW Tarniţa – Lăpuștești hydroelectric power station in Cluj county before the end of the year. Hidro Tarniţa SA, the project developer, claims the five- to seven-year construction […]
Hydropower plant production licences for two companies
Albania’s energy regulator said it had awarded an electricity production licence to local company Ayen AS Energji, SeeNews portal reported. The licence allows the company to operate as producer of electricity from the 12.25 MW Gojan hydropower plant, the 6.55 MW Gjegjan hydropower plant, the 27.94 Peshqesh hydropower plant, and the 63.8 MW Fangu hydropower […]
Reservoir receives location permit for Brodarevo 2 hydro project
Reservoir Capital reported that the Ministry of Mining and Energy has granted the location permit for the company’s 33.1 MW Brodarevo 2 hydroelectric project on the Lim River in southwest Serbia. The permit is valid for one year and allows the company to undertake preparatory work on the project, encompassing the temporary passage over the […]
Hidroelectrica prepares for hydropower upgrade, acquisitions
Hidroelectrica plans to invest EUR 300 million this year in upgrading three hydropower plants and considers buying small hydro plants in the neighbouring countries as well as several hundred megawatts in wind farms developed on the local market, Mediafax reports. According to the attorney Remus Borza, the representative of Euro Insol, Hidroelectrica’s judicial administrator, Hidroelectrica […]