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 […]
OEDAS inks finance deals worth USD 330 million to upgrade distribution network
Turkey’s electricity distribution company Osmangazi Elektrik Dagitim (OEDAS), a subsidiary of Zorlu Energy Group, has signed project finance agreements with three international finance institutions (IFI) for Turkish lira-denominated lending worth USD 330 million to finance electricity distribution investments. The lending from the European Bank for Reconstruction and Development (EBRD), IFC, a member of the World […]
EIB provides EUR 15 million to HBOR for biodiversity improvement
European Investment Bank (EIB) has provided EUR 15 million to Croatian Bank for Reconstruction and Development (HBOR) under the Natural Capital Financing Facility in order to improve conservation of existing biodiversity, improve green infrastructure and strengthen climate change resilience. The Natural Capital Financial Facility, founded 3 years ago by the EIB and the European Commission, has […]
Introduction of market-based incentives for renewables not in Serbia’s interest
Author: Slobodan Ružić, CEO of Energy Saving Group The need to incentivize investments in renewable energy sources is not merely something powerful political and business circles lobby for in order to profit off of people. Or at least it’s not just that! Renewable energy has an immense overall social significance combined with clear economic reasons. The […]
Belgrade to “do its part” to enable launch of works under Vinča landfill project by next spring
The City of Belgrade will “do its part” within legal deadlines to enable launching construction by the spring of 2019 under a EUR 333 million public-private partnership (PPP) project to remediate the Vinča landfill – Serbia’s biggest environmental problem – and build modern waste management facilities, City Manager Goran Vesić said. Vesić was speaking while […]