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) […]
Two biogas power plants inaugurated in Croatia
Two biogas facilities were officially opened on September 23 in Gregurovac near Križevci, a town in central Croatia. Portal Križevci.info reported. Production unit Organica Kalnik 1 and power plant Orehovec, from investments of HRK 93 million (EUR 12.4 million), are the first two out of six systems planned as part of an endeavour worth EUR 34.7 […]
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 […]