Limak looks for new projects in Albania
After the commissioning of a 73 MW hydropower and dam system Banja, Nihat Özdemir, board chairman of Limak Group, said this week that the Turkish company seeks other investment possibilities in Albania, as a developing economy and a candidate for membership in the European Union. He added Banja plant would start generating electrical energy soon. […]
Foreign investors focus on comparative advantages, safe environment
Bosnia and Herzegovina has excellent capacity for education in mathematics and science and the number of scientists and engineers on a global scale, said Gordan Milinić, director of the national Foreign Investments Promotion Agency (FIPA). In the context of attracting foreign capital and manufacturing systems, the country has all the profiles that are in demand; […]
State mulls scrapping development of 1 GW hydro plant
The government in Bucharest is considering the option to abandoning a renewable energy project worth EUR 1 billion. Energy minister Victor Grigorescu said Romania’s cabinet is looking for alternatives for hydro pumped storage unit Tarnița – Lăpuștești, designed for 1 GW, as quoted by News.ro on September 7. There are prospects to switch to several […]
HEP books rise in profit in six months through June
Unaudited financial reports for the first half of the year showed Croatian government-owned power utility HEP Group’s unconsolidated net profit climbed to HRK 1.22 billion (EUR 163 million) from EUR 126 million in the equivalent period of 2015, due to higher financial income and lower operating expenses. Investments jumped 72.5% to EUR 23.3 million. They […]
Investment in buildings would boost energy security – BPIE report
The latest report by the Buildings Performance Institute Europe (BPIE) finds Slovakia and Hungary face a severe risk, and Bulgaria a substantial risk to become unable to heat the national building stock. The report presents the new Building Vulnerability Indicator and offers an alternative solution to mitigating supply risks in Central and Southeastern Europe through […]
HEP bolstering electricity supply in coastal areas
HEP Group said its Operator of Distribution System (HEP ODS) is investing more than HRK 500 million (EUR 66.8 million) in coastal areas aimed at contributing to Croatian tourism. The investments will allow for a significantly more secure supply of consumers on the Adriatic coast, as during the summer months their number is growing, the government-owned […]
MEPSO inaugurates Skopje–Tetovo powerline
Electricity Transmission System Operator of Macedonia (MEPSO) officially marked the inclusion of reconstructed highline Skopje–Tetovo into the electric network in Jegunovce in the country’s northwest. The length of 110 kV overhead connection is 48 kilometers and the total worth of the investment exceeds EUR 4 million, the MEPSO said. The power line is set on 187 columns […]
EBRD funds clean technology in Tüpraş, Şişecam
A long-term loan agreement of EUR 42 million was signed by the European Bank for Reconstruction and Development and glass producer Türkiye Şişe ve Cam Fabrikaları AŞ (Şişecam), with the aim to finance recycling and energy efficiency. The bank said it will also support the largest resource efficiency program in the Turkish industrial sector to […]
