Western Balkans hydropower potential discussed in Vienna
An international conference in Vienna discussed the hydropower potential of the Western Balkans countries, in an attempt to facilitate closer cross-border cooperation of the stakeholders in building modern, larger hydropower plants, but also protecting water resources in the region. The organiser of the “Western Balkans Sustainable Hydropower Conference,” held in Austrian capital Vienna from November […]
Serbian capital starting energy efficiency makeover
Belgrade is determined to introduce an energy efficiency fund into its budget system, where the new instrument won’t be used for grants – the approved money will be returned, which makes the endeavour unique, said Marko Stojanović, city secretary for energy. Speaking at the kickoff meeting for the accession of Serbia’s capital to partnerships of Building Energy […]
IFC comes on board for wind farms in BiH
A renewable energy company in Bosnia and Herzegovina is developing two wind farms in cooperation with the International Financing Corporation. Energy 3 d.o.o. sought advisory services in the areas of market risk assessment and electricity selling options and price forecasts for Pločno and Podveležje power plant projects, with coverage of regulatory risk. IFC said the facilities with a capacity of 48 MW […]
IFC assisting in waste sector, sustainable cities
A roundtable brought together international and local waste management companies, the nation’s metropolitan municipalities and the Ministry of Environment and Urbanization to help Turkey’s cities become more sustainable and combat the challenges of rapid urbanization. The event was organized by the International Finance Corporation, a member of the World Bank Group. Turkey’s population of 75 million produces […]
IFC helping Albania develop day-ahead power market
International Finance Corporation said it has signed a memorandum of understanding with Albania’s Ministry of Energy on establishing a domestic day-ahead electricity market. The member of the World Bank Group will advise the government in order to help enable purchasing electricity from and selling electricity to neighbouring countries. It will increase price transparency, and improve […]
City of Belgrade signs contract with IFC for advisory services
International Finance Corporation (IFC) will assist the City of Belgrade in the structuring and implementation of a private–public partnership (PPP) in waste treatment and waste disposal services. Mayor Siniša Mali signed the contract with Emmanuel Nyirinkindi, manager in the PPP Transaction Advisory Services Department of the international creditor, the local government’s portal reported. The city […]
IFC supports green bond to mobilize private funds
International Finance Corporation, member of the World Bank Group, said it invested USD 50 million (EUR 44.7 million) in a green or sustainable bond issue of the Industrial Development Bank of Turkey (TSKB). This is the first such security issued from Turkey in international debt capital markets. The issue size of the bond is EUR […]
IFC joining EBRD in investment in Akfen’s green energy
The International Finance Corporation will join the European Bank for Reconstruction and Development in supporting the renewables branch of Turkish conglomerate Akfen Holding with a combined investment of EUR 175.5 million, SeeNews reported. The two development banks will have equal stakes in Akfen Yenilenebilir Enerji AŞ and make equal investments, according to a public filing. […]