OSHEE to invest EUR 294 million over five years
Albania’s power distribution network operator OSHEE plans to invest ALL 37.1 billion (around EUR 294.2 million) in the power supply facilities over the next five years. According to the Albanian media, OSHEE’s investment plan has been sent to the Albanian energy regulator, ERE. OSHEE’s representatives expect the investments to produce a financial effect of EUR […]
BEH gets EBRD’s financial backing to help with energy market liberalization
State-owned energy company Bulgarian Energy Holding (BEH) has secured a EUR 100 million investment from the European Bank for Reconstruction and Development (EBRD) in its seven-year EUR 550 million bond issuance to refinance an earlier bond under better terms, in what will improve its financial structure and is expected to help with the country’s energy […]
Company established for HPP Buk Bijela’s construction
Public power utility Elektroprivreda Republike Srpske (ERS) and its subsidiary Hidroelektrane na Drini have established a Foča-based joint venture, Hidroelektrana Buk Bijela, for the production and sale of electricity, news agency Srna reported. The agreement on the establishment of the joint venture was signed by ERS acting director Radmila Čičković and Nedeljko Perišić, director of […]
CEDIS to invest EUR 81.6 million in distribution network, tendering expected by end-October
Tendering for the selection of equipment suppliers and contractors for a project worth EUR 81.6 million to revitalize the Montenegrin power distribution network is expected by the end of October, while the start of the works is planned for February next year. The investments will be implemented by the Montenegrin distribution system operator (DSO), Crnogorski elektrodistributivni […]
Bulgaria’s NEK reports net loss in H1, to cancel some projects
Power utility Natsionalna Elektricheska Kompania (NEK) reported a BGN 74 million (EUR 37.8 million) net loss for the first six months of the year, according to the interim financial report published on the website of the Ministry of Finance, the Bulgarian media reported. The company said that due to poor financial results some investments will […]
Užice announces EUR 2 million energy efficiency investment in schools for 2019
The City of Užice has announced a EUR 2 million energy efficiency investment in seven schools for 2019 as part of the energy efficiency program jointly implemented with the Swiss Cooperation Office. Užice Deputy Mayor Nemanja Nešić said that the energy efficiency program, financed by the Swiss State Secretariat for Economic Affairs (SECO), is designed […]
Montenegro gets EUR 6 million World Bank loan for energy efficiency
Montenegro plans to invest EUR 6 million in the implementation of energy efficiency measures at 18 health care facilities by 2023, as part of the Montenegro Energy Efficiency Project 2 (MEEP 2). The funds have been secured through a World Bank loan. The loan agreement was signed by Montenegrin Finance Minister Darko Radunović and the […]
Contractors selected for biomass boiler in Priboj, tendering for district heating plant ahead
After concluding the tendering procedure, the Municipality of Priboj signed a RSD 89.9 million contract on the design, procurement and installation of a biomass boiler with a consortium led by MPP Jedinstvo Sevojno with contractors Viessmann Belgrade and Čip from Prokuplje and Axis Construction Bureau from Novi Sad as a subcontractor. The investment is funded […]