Romanian Hidroelectrica sees healthy profits, plans investments
Hidroelectrica SA has some bold plans for the coming years, as the state-owned hydropower company returned from the brink of bankruptcy to become one of the most profitable companies in Romania. The company has plans to invest over EUR 500 million into modernisation in the next five years. The president of the Board of Directors […]
Auctions for renewables: towards markets proximity
The future of support mechanisms for renewables with targeted insight towards the SEE markets and bankability point of view By Ladislav Tolmaci, Erste Group Bank AG, Leveraged and Project Finance In the recent depressed wholesale power price environment predominant on the European commodity exchanges, any investment into electricity generating technology becomes related to a question […]
Bulgarian and Chinese companies to build waste-to-energy plants in UK
The Bulgarian-based company Ebioss Energy signed a deal with Energy China to build two waste-to-energy plants in the UK worth EUR 170 million in total. The waste-to-energy plants will be located in Newcastle and Hull, United Kingdom, Ebioss Energy stated in the press release published on the Spanish alternative stock exchange MAB where it is […]
Prince of Jordan interested in investing in solar in BIH
Prince of Jordan Mohammed al-Abbas Bin Ali is interested in investing in solar energy in Bosnia and Herzegovina (BiH). Accompanied by his several advisors and two businessmen from Libya, Mohammed al-Abbas Bin Ali visited Foreign Investment Promotion Agency of BiH (FIPA), the Agency announced. The Deputy Director of the FIPA Blaženka Mišković and her associates […]
EPS invests EUR 500 million in hydropower
Electric Power Industry of Serbia (EPS) will invest about half a billion euros in the modernisation of hydropower plants (HPPs) by 2025 announced Aleksandar Jakovljević, Director of the EPS Directorate for Strategy. Hydropower plants produce one third of EPS total electricity production. They were built from 26 to 60 years ago, so EPS plans to invest EUR […]
Umag is City of Future 2016
Umag, a coastal city in Istria, Croatia, won the City of Future 2016 Award at the the Smart Cities – Cities of the Future 2016 conference held by the Poslovni dnevnik and Vecernji list. From a total of five categories, the city of Umag won the award in the “Smarter Environment” category for its ten-year […]
Republic of Srpska and KfW agreed EUR 60 million credit for Hrgud wind farm
The Government of the Republika Srpska approved EUR 60 million credit by German KfW Development Bank for financing the Hrgud windfarm project, as confirmed by the Ministry of finance. State-owned utility Elektroprivreda (ERS) from Trebinje, received 50 years concession for the construction and operation of the Hrgud wind farm in Berkovići municipality a year ago. Now, […]
UNDP and CZDA signed Biomass Energy for Employment and Energy Security MoU in Sarajevo
Signing ceremony of the Memorandum of understanding (MoU) between UNDP and Czech Development Agency (CZDA) for the project “BiH Biomass Energy for Employment and Energy Security” was held in Sarajevo, country’s capital. “Every investment in biomass cuts carbon emissions and fights climate change”, said Sezin Sinanoglu, United Nation (UN) Coordinator and United Nations Development Programme (UNDP) […]