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 […]
EU ETS implications for Serbia – price of electricity made from coal to go up
Carbon pricing – forcing electrical generators to pay for the right to emit carbon – is coming to Serbia, sometime in the period 2020 – 2025, as Serbia joins the EU. This will inevitably increase the price of electricity made from coal, and will give an incentive for Serbia to produce more of its power […]
Wind farm quota not to be raised, investors to be selected in tenders – PM
Serbian Prime Minister Ana Brnabić has said that feed-in quotas for electricity produced by wind farms will not be increased over the coming period, noting that the construction of new wind farms will primarily depend on bids in tenders. Asked whether wind farm projects, which are focused on Serbia’s northern province of Vojvodina, will also […]
EPBiH not to pay dividends for 2017 as drought drives down profit
Shareholders of power utility Elektroprivreda BiH (EPBiH), majority owned by the Federation of Bosnia and Herzegovina (FBiH), do not stand to get dividends for 2017, when the company saw its net profit plunge to BAM 620,282 (approximately EUR 317,000), from BAM 12.9 million (around EUR 6.6 million) a year earlier. Under a decision to be […]
GGF supports two large-scale wind farms in Serbia
The Green for Growth Fund (GGF), advised by Finance in Motion GmbH, will support two of the first large-scale wind farms in the country – the 158 MW Čibuk 1 wind farm and the 42 MW Alibunar wind farm with a total of EUR 31.85 million, GGF said in a statement. The GGF secured EUR […]