Damage from small hydropower is much larger than gains, study finds
The Balkans and Turkey are examples of how quickly free-flowing rivers and river stretches “can be degraded by being turned into impoundments,” World Wide Fund for Nature warned after publishing a study it commissioned together with RiverWatch, Geota and EuroNatur. Environmentalists said hydropower puts “tremendous pressure on Europe’s biodiversity, and for specific projects a disregard […]
Bulgaria’s funding for waste incinerator CHP greenlighted by EU
The European Commission said on November 25 that it gave the go-ahead for Bulgaria’s proposal to back a project for a high-efficient cogeneration system in the capital city. The overwhelming part of the EUR 93.8 million plan for the waste incinerator is money from the trade bloc’s structural funds. The remaining EUR 3 million will […]
EPS to invest EUR 4.6 billion by 2027, EUR 700 million to go into hydropower, renewables
Public power utility Elektroprivreda Srbije (EPS) intends to invest EUR 4.6 billion from 2019 to 2027, of which EUR 1.6 billion in the modernization of existing and construction of new thermal power plants (TPPs) as well as environmental protection, EUR 1,3 billion in distribution projects, EUR 1 billion in the coal sector, and EUR 700 […]
Terna Energy to invest EUR 250 million in renewables in Greece
Greek energy group Terna Energy has announced EUR 250 million in new investments in renewable energy sources in Greece. Continuing its investment program in Greece, Terna is implementing new investments of more than EUR 250 million in the clean energy production sector, the company has said on its website. In 2019 the company began its […]
Petrol top management steps down unexpectedly
In a surprise move, the three-member top management of Slovenian energy company Petrol, headed by Tomaž Berločnik, has resigned following a meeting with the supervisory board, Slovenian media have reported. Until a new management is appointed, the company will be led by Nada Drobne Popović, who has served as supervisory board chairwoman. In a press […]
Serbian energy regulator approves grid’s development, investment plans
The Energy Agency of the Republic of Serbia (AERS) has approved the Transmission System Development Plan for 2019-2028 and the Transmission System Investment Plan for 2019-2021. The plans were adopted by state-owned company Elektromreža Srbije, Serbia’s transmission system operator (TSO). In the Development Plan for 2019-2028, the list of production capacities expected to be connected […]
Investment in HPP Komarnica to reach EUR 238 million – study
The value of investment in the construction of the Komarnica hydropower plant (HPP) in Montenegro is estimated at EUR 237.9 million, according to the concept of the detailed spatial plan for the multipurpose water reservoir on the Komarnica river. The proposed installed capacity of HPP Komarnica is 168 MW and the estimated annual electricity production […]
Power utility ERS to borrow EUR 307 million for new renewable energy power plants
The Government of Republika Srpska intends to provide state guarantees for loans worth BAM 600 million (about EUR 307 million) for power utility Elektroprivreda Republike Srpske (ERS) to invest in renewable energy power plants and overhaul coal-fired power plants. The Republika Srpska parliament has adopted a decision on the value of state guarantees that the […]
