DEG has acquired 10 percent stake in Čibuk 1 wind farm in Serbia
DEG – German development finance institution and a subsidiary of KfW Group has acquired a 10 percent equity interest in the 158 MW Čibuk 1 wind park in Serbia and joined two other investors in what is set to be the largest wind farm in Serbia. The wind farm, due to be completed in 2019, […]
EU keeps supporting clean water in Albania, announces 2 new programs
The European delegation to Albania has announced two new programs for 2018 in the country: wide water and sewerage, and water management and wastewater management. Both programs are expected to start soon. To the new sector wide water and sewerage investment program, the EU plans to contribute EUR 24 million grant under IPA 2018 national […]
Construction of Trans-Balkan Corridor’s section to start in 2018.
Serbia has been given a grant of EUR 6.6 million by the German development bank KfW to build a section of the Trans-Balkan Electricity Corridor, Serbian Minister of Mining and Energy Aleksandar Antić said. The Minister said that the construction of the section of the power corridor between the towns of Kraljevo and Kragujevac would […]
EPS secures EUR 80 million loan for first wind park, construction to start in 2019
Public power utility Elektroprivreda Srbije (EPS) and the German development bank KfW signed a loan agreement worth EUR 80 million to finance the construction of a 66 MW Kostolac wind farm. This will be the first wind power capacity in EPS’ portfolio, which is dominated by coal-fired power plants. “The project is worth EUR 97 […]
Montenegro secures funds for construction of wastewater treatment plant in its capital
Montenegro has secured most of the needed funds for the construction of a wastewater treatment plant in Podgorica, worth EUR 50 million. The international tender for the construction of the plant is expected to be published in the first quarter of 2018. Two loan agreements has been today signed between the Government of Montenegro and […]
49 percent of energy savings achieved after reconstruction of public buildings in Montenegro
The annual consumption of energy dropped by 49 percent in most of the buildings reconstructed under a program to raise energy efficiency levels in public buildings, the Montenegrin Ministry of the Economy said. The energy efficiency adaptation program covered 43 buildings and monitoring showed that huge energy savings were made in 39 of them. The […]
Serbian Parliament says yes to KfW loans to EPS and EMS
Serbian Parliament has approved laws on Government’s guarantees for loans which German development bank KfW accorded to the state power utility Elektroprivreda Srbije (EPS) and state-owned transmission system operator Elektromreža Srbije (EMS). EPS will receive EUR 45 million loan from KfW to finance modernization of ash transport system in Thermal Power Plant Nikola Tesla A […]
Krnovo wind park started trial electricity production
Wind power plant in Krnovo, Montenegro, launched trial electricity production on 5 out of 26 wind turbines installed. Wind park has MW 72 of installed power and it is one of the largest facility of that type in the region. According to plan, production will be increased gradually, followed by technical tests. If the tests […]