Regulator approves EUR 1.2 billion investment in grid
Electricity transmission company Transelectrica SA said the National Energy Regulatory Authority (ANRE) gave the go-ahead for its ten-year plan to invest RON 5.5 billion (EUR 1.2 billion) in network upgrade. The operator produces a plan for the following decade on a biannual basis. The Romanian government-controlled company runs transmission and market operations including infrastructure. The […]
EBRD’s chief Chakrabarti touring Western Balkans
The last three years had been very productive for the European Bank for Reconstruction and Development in Montenegro, accounting for around half of the total EUR 530 million of investments in the country since it started work there, said Suma Chakrabarti, the international financing institution’s president. During his visit to the former Yugoslav republic within […]
Dobrudja-Burgas overhead line gets EU funding
Member states of the European Union agreed on a proposal from the European Commission to invest EUR 263 million in key trans-European energy infrastructure projects. Of the nine projects, four are in the electricity sector, with support worth EUR 53 million. The list will include the construction of a 100 kilometre electricity line between Dobrudja […]
Subotica decides not to withdraw part of KfW loan
At the local assembly meeting the City of Subotica approved the proposal by public heating utility JKP Subotička toplana not to withdraw EUR 1.7 million, part of a loan provided by KfW Development Bank, portal Subotica.com reported. The package worth EUR 4.5 million for the heating plant was agreed on in 2012 with the assistance […]
EPS is worth up to EUR 14 billion, shouldn’t be sold
Branko Kovačević, chairman of the Supervisory Board of the Electric Power Industry of Serbia, told daily Politika the state-owned utility expects a possible capital addition. Asked about a recent dispute with Tony Verheijen, head of the World Bank in the Balkan country, he added the developments can point to the intention to sell the enterprise, but […]
Contract for Trans-Balkan Electricity Corridor signed
Minister of Economy Vladimir Kavarić said good energy connectivity is necessary for future investments in the energy sector and free flow of energy through the country. That brings Montenegro financial and strategic benefits, he added at a press conference about the construction of the Trans-Balkan Electricity Corridor – Section Montenegro, funded by the European Union […]
Government in Ankara boosts transmission, distribution
More than TRY 5.6 billion (EUR 1.66 billion) was invested in the electricity transmission and distribution sector in Turkey last year, according to data released by the Energy Market Regulatory Authority (EMRA). Anadolu Agency’s Energy News Terminal reported 21 of the private electricity distribution companies invested more than EUR 1 billion. About 50% of investments […]
GGF teams with Alter Modus to support green finance
A senior loan of EUR 2 million to boost the emerging segment of energy efficiency was announced by Green for Growth Fund (GGF) for Alter Modus Ltd. Montenegro’s largest microfinance institution, with a market share of 70%, recognized the importance of financing and the growth potential in the sector, the press release said. The investment […]
