Novi Pazar pulls out of buying location for biomass heating plant
The City of Novi Pazar has given up on signing an agreement to buy bankrupt textile firm Raška’s assets, including a wastewater treatment plant, a boiler facility, and other facilities, on a location designated for the construction of a new biomass heating plant, it has been confirmed for local radio broadcaster Sto Plus. In early […]
KfW signs EUR 18.5 million financing agreement with Raiffeisen to fund energy efficiency projects
German development bank KfW has signed a EUR 18.5 million financing agreement with Raiffeisen Bank in Bosnia and Herzegovina (BiH) in a continuation of long-standing cooperation on funding projects to improve energy efficiency, according to a press release from KfW. “It is my pleasure to sign this agreement and thereby continue our successful cooperation with […]
CGES, KfW sign EUR 20 million loan agreement for Luštica transmission project
Montenegrin transmission system operator (TSO) Crnogorski Elektroprenosni Sistem (CGES) and German development bank KfW have signed a EUR 20 million loan agreement for the Montenegrin Coast: Lustica Region Development. The guarantee for the loan will be secured by the Government of Montenegro, and the collateral for the guarantee will be provided by CGES, in the […]
Akfen secures USD 363 million in lending for USD 530 million renewables project
Akfen Renewable Energy, the renewables arm of Turkey’s Akfen Holding, has secured a total of USD 363 million in lending from six banks for its USD 530 million project to build four new wind farms and nine solar photovoltaic (PV) plants with a combined capacity of 327 MW. Akfen Renewable Energy is providing USD 167 […]
Čibuk 1, Serbia’s largest wind farm, set to start production “earlier than initially planned”
Čibuk 1 has reached a number of key milestones and is on schedule to start production in early 2019, according to a press release from the United Arab Emirates’ (UAE) Masdar, the majority stakeholder in Tesla Wind, which owns Vetroelektrane Balkana, the project company behind Čibuk 1, set to become Serbia’s largest wind farm. GE […]
Works start to build 2nd biomass boiler in Priboj
The municipality of Priboj has started building a boiler to use wood chips as fuel, in what will improve heating supply for five public facilities and cut their heating costs. The new 1.8 MW biomass boiler will supply heating to two elementary schools and two high schools, as well as primary health care facility, with […]
KfW signs EUR 1.1 million financing agreement to help prepare Bitovnja wind farm project
German development bank KfW and public power utility Elektroprivreda BiH (EPBiH) have signed a EUR 1.1 million financing agreement for the preparation of the Bitovnja wind farm project, one of the key renewable energy facilities envisaged to be built under the company’s long-term development plan, according to a media release from EPBiH. The funding for […]
Delayed project to build biomass heating plant in Novi Pazar expected to wrap up in 2019
The delayed EUR 3.6 million project to build a biomass heating plant in Novi Pazar as part of a wider plan for 10 district heating operators in Serbia to switch from fossil fuels to renewable energy sources is now expected to be completed in 2019, according to assistant mayor Faruk Suljević. Suljević told Sto Plus, […]
