ERS inks concession for hydro project Buk Bijela
The Government of the Republic of Srpska signed an agreement with a consortium organized by state-owned utility Elektroprivreda Republike Srpske (ERS) and its subsidiary Hidroelektrane na Drini from Višegrad, for the construction and operation of hydropower plant Buk Bijela. The project worth BAM 382.4 (EUR 195.1 million) on the Drina river in Bosnia and Herzegovina’s […]
Streamlining renewable energy investment process in Macedonia
By Darko Janevski, Renewable Energy Specialist, USAID Clean Energy Investment Project implemented by Winrock International What was the situation with the renewable energy investments in 2013? Many renewable energy (RE) investors complained, and donor reports (USAID, IFC) from 2012 and 2013 noted that development of Macedonia’s significant RE resources have been constrained by gaps in the […]
EU Sustainable Energy Week 2016 – Power to the consumer
The energy transition is going local. Citizens and stakeholders are organising European Union Energy Days throughout the month of June to activate the transition to secure, clean and efficient energy. The events are held in Europe and beyond as part of European Commission’s initiative EU Sustainable Energy Week (Eusew), which first took place in 2006. […]
KEDS reveals EUR 300 million worth projects for grid
The plan for the elimination of voltage drops until 2025, with extension and reinforcement of the network and cutting technical and commercial losses, is worth EUR 300 million, said George Karagutoff, general director of Kosovo Electricity Distribution and Supply Company JSC. “It is great satisfaction when this vision does big changes for the good for […]
Investments in renewables estimated at EUR 7 billion
Romanian Association of Large Industrial Energy Consumers (ABIEC) presented a report drawn up by PricewaterhouseCoopers, entitled ‘The Impact of Support Schemes of Renewable Energy in Romania and Lessons Learnt from EU Countries’, Act Media carried. According to the document, the value of total direct investments is estimated at EUR 7 billion, most of which in […]
IFC joining EBRD in investment in Akfen’s green energy
The International Finance Corporation will join the European Bank for Reconstruction and Development in supporting the renewables branch of Turkish conglomerate Akfen Holding with a combined investment of EUR 175.5 million, SeeNews reported. The two development banks will have equal stakes in Akfen Yenilenebilir Enerji AŞ and make equal investments, according to a public filing. […]
Turcas Petrol to enter energy market in Iran
Turkish energy company Turcas Petrol is looking at entering the Iranian energy market through investments in oil, gas or renewables, following the lifting of most of the sanctions against the Islamic Republic. “We believe we must definitely be in Iran,” company’s chief executive Batu Aksoy told journalists, as reported by Hürriyet Daily News. At a time when […]
NGOs ask China to shift investment focus to green energy
Electric power projects with lignite in Southeastern Europe pose a significant threat to European Union’s climate and energy goals that countries of the region should be fulfilling on their path to accession, an association of environmentalist groups said. China, along with 177 other countries of the world, has signed the Paris Agreement last month, but […]
