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) […]
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 […]
