EIB supports Rimac Automobili with EUR 30 million loan
The European Investment Bank (EIB) and Croatia’s Rimac Automobili have signed a EUR 30 million loan for investment in research and development of electric vehicles (EVs) and related components, the EIB said in a press release. According to the EIB, the financing will allow the innovative car company to further develop its electric driving technologies. […]
Regulatory framework, electricity price highlighted as impediments to greening region’s energy mix
The Western Balkans, and Serbia in particular, should continue implementing regulations to help green the energy mix and fight climate change, according to panelists at the 11th Balkan Energy Finance Forum. They also raised the issues of how the low regulated electricity price is affecting investments in the energy sector overall and how third countries […]
Energy efficiency measures in schools and kindergartens to help children grow into future leaders of energy transition
Implementation of energy efficiency measures in schools and kindergartens, besides leading to energy savings and reduction of environmental pollution, would also improve the conditions in which children spend much of their time. More so, it would also develop their awareness of the importance of energy efficiency and sustainable development, making them future leaders of the energy […]
Hidroelectrica to invest EUR 1.19 billion over the next five years, to add 200 MW in renewables capacities
State-owned power utility Hidroelectrica plans to invest RON 5.56 billion (EUR 1.19 billion) over the next five years in the upgrades and maintenance of facilities, but also in acquisitions. Hidroelectrica’s goal is to add 580 MW in generation facilities, of which 200 MW will be solar and wind capacities, Bogdan Badea, CEO of Hidroelectrica said, […]
EUR 230 million to be invested in improvements of Bulgaria’s water supply, wastewater treatment
A total of EUR 230 million is to be invested to improve Bulgaria’s water supply and wastewater treatment from Bulgaria’s, the EU’s, and the European Bank for Reconstruction and Development’s (EBRD) sources. The Fund Manager of Financial Instruments in Bulgaria (FMFIB), or Fund of Funds, has been set up by the Bulgarian state to structure […]
ERS opens 8.76 MW hydropower plant Bočac 2 under EUR 21.5 million investment
Power utility Elektroprivreda Republike Srpske (ERS) yesterday unveiled the Bočac 2 hydropower plant (HPP) with an installed capacity of 8.76 MW and the expected annual output of 41.6 GWh of electricity. The project worth BAM 42 million (about EUR 21.5 million) is expected to break even within seven years. Alongside HPP Bočac 2, which will […]
Elektroprivreda Srbije commissions EUR 9.5 million substation on Mt. Kopaonik
Public power company Elektroprivreda Srbije (EPS) has put into operation a state-of-the-art 110/35/10 kV substation on Mt. Kopaonik, in a project worth EUR 9.5 million, implemented by German engineering group Siemens, EPS said in a press release. The 110 kV Kopaonik substation, with 35 kV and 10 kV outputs, has a cutting-edge technology, according to […]
Hidroelectrica to have EUR 800 million budget for HPP upgrades by 2020
State-owned power utility Hidroelectrica will have EUR 800 million at its disposal by 2020 to modernize the hydropower plants (HPPs) it currently operates, according to Romania’s draft Energy Sector Strategy for the period 2018-2030 with projections until 2050, local media reported. The strategic document also envisages EUR 2.5 billion in investments for completing new hydropower […]
