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 […]
HPP Đerdap 1’s overhaul to be completed in 2021, EPS says following signature with Russian contractor
Serbia’s state power utility Elektroprivreda Srbije (EPS) has signed the 10th addendum to an agreement on the revitalization of the Đerdap 1 hydropower plant (HPP) with Russia’s Siloviye Mashiny to complete the largest Serbian HPP’s overhaul, EPS said. The revitalization of the A2 unit of the Đerdap 1 hydropower plant is planned to begin in […]
Expressions of interest sought to build, finance 160 MW Dabar hydropower plant
Hidroelektrana Dabar, part of hydropower plant operator Hidroelektrane na Trebišnjici (HET), has invited expressions of interest (EOI) in a turnkey/engineering, procurement, and construction (EPC) contract for a 160 MW Dabar hydropower plant (HPP Dabar). The estimated value of the project to build and finance HPP Dabar’s remaining facilities is around EUR 200 million, according to […]
Wind industry proposes ways to tap on South East Europe’s 500 GW potential
Giles Dickson, CEO of wind energy association WindEurope, has given recommendations to South East Europe’s energy ministers how to unlock the region’s 500 GW wind energy potential, constrained by regulatory uncertainty and high project costs. Speaking at a Central and South Eastern Europe Connectivity (CESEC) ministerial meeting in Sofia, Bulgaria today, Dickson warned that abrupt […]
Germany’s ZF holds groundbreaking ceremony for EUR 160 million project to produce EV parts in Serbia
German car parts maker ZF Friedrichshafen AG broke ground today for a plant to produce drives for hybrid and electric vehicles (EV) in the Serbian city of Pančevo, in a EUR 160 million project Serbian President Aleksandar Vučić described as an investment in “a factory of the future.” ZF is investing more than EUR 100 […]
