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 […]
Germany eyes projects in noninterconnected islands
Ministers Panos Skourletis, responsible for energy, and Giorgos Stathakis, who runs portfolios of economy, development and tourism, signed agreements with visiting German vice chancellor Sigmar Gabriel for the provision of knowhow from Europe’s largest economy to support renewable energy in Greece, especially in the noninterconnected islands, and to promote exports. The deal followed an energy […]
Long-awaited PPA Package finally adopted in Serbia
By Đorđe Popović, Senior Attorney, Petrikić & Partneri AOD in cooperation with CMS Reich-Rohrwig Hainz Ever since the adoption of the new Energy Law back in 2014, which aimed to harmonize the Serbian energy legislation with the Third EU Package, the Serbian market has been awaiting the adoption of the necessary by-laws to allow for […]
Italian company preparing to invest in biomass cogeneration
Twenty underdeveloped municipalities in the Federation of Bosnia and Herzegovina and another 20 in the Republic of Srpska which dispose of wood waste will be included in cogeneration projects, said Foreign Investments Promotion Agency (FIPA) of BiH. Director Gordan Milinić spoke to Zdravko Aćimović, who heads Alfa Invest – partner of Pyrox from Turin for […]
EBRD to launch third TurSEFF line for small projects
A framework operation of EUR 400 million for on-lending to several financial institutions in Turkey is considered by the European Bank for Reconstruction and Development. TurSEFF 3 will be used to finance private and public sector subborrowers investing in small scale renewable energy and resource efficiency projects, according to the announcement. It will be the […]
First wind turbine installed at wind park Krnovo
Works are continuing after the first out of 26 planned power generators was transported and erected at Krnovo plateau in central Montenegro near Nikšić, local portal Onogost.me reported. The equipment was brought by a special truck, as some parts are 50 metres long and weigh up to 153 tonnes. Construction work on the 72 MW […]
