Izmir secures EUR 80 million loan for EUR 250 million investment in low-carbon metro
Izmir, Turkey’s third-largest city with a population of close to 4.2 million, has secured a EUR 80 million loan from the European Bank for Reconstruction and Development (EBRD) for a EUR 250 million project to build its second metro line. Metro development in Izmir represents a major investment in zero-emission transport at the local level. […]
EBRD providing up to EUR 5.1 million to UniCredit in Serbia to on-lend for energy efficiency, renewables projects
The EBRD is providing a loan of up to RSD 600 million (equivalent to EUR 5.1 million) to UniCredit, the second-largest bank in Serbia, to enhance its financing of the green economy, according to a news release from the EBRD. The loan comes under the EBRD’s EUR 85 million Green Economy Financing Facility for the […]
Banja Luka in talks with EBRD on loan of up to EUR 10 million for water supply projects
Banja Luka Mayor Igor Radojičić and the European Bank for Reconstruction and Development’s (EBRD) representative Josip Polić signed a letter of intent on August 1 concerning a loan of up to EUR 10 million for construction works on the primary and secondary water supply network, the city said in a news release. Negotiations with the […]
HEP signs construction deal for Zagreb CCPP as it secures EUR 130 million in lending from EBRD, EIB
Power utility Hrvatska Elektroprivreda’s (HEP) project to build a new gas-fired combined-cycle gas-turbine plant to replace old and worn-out units at the EL-TO Zagreb combined heat and power (CHP) site will be backed with a total of EUR 130 million in lending from the European Bank for Reconstruction and Development (EBRD) and the European Investment […]
Green for Growth Fund lends EUR 5 million more to Partner MCF to back energy efficiency measures
The Green for Growth Fund (GGF) has secured a fresh, EUR 5 million loan to Bosnia and Herzegovina’s third-largest microcredit institution, Partner Microcredit Foundation (Partner MCF), its longstanding partner, to finance energy efficiency measures. The energy efficiency measures to be financed with the senior loan investment are projected to result in annual primary energy savings […]
Albania gets fresh EUR 12 million loan for strategic Dam Safety Project
Albania has drawn an additional EUR 12 million in lending for its Dam Safety Project to safeguard hydroelectric dams and extend the operating life of hydropower plants on two rivers, including the Drin Cascade, which accounts for the bulk of the country’s electricity generation. The three hydropower plants (HPPs) in the Drin Cascade – Fierza, […]
Elektroprivreda Srbije looks for Kostolac wind farm advisor
Public power utility Elektroprivreda Srbije (EPS) seeks a consultant for the construction of the 66 MW Kostolac wind farm. The state-owned company published a public call for the expressions of interest from consulting firms to assist in the preparation of the Kostolac wind farm project. This will be the first renewable energy capacity in EPS’ […]
World Bank’s loan to support electricity supply tariff rises in Serbia
World Bank (WB) EUR 160.6 million loan provided to Serbia will, among other activities, support public power utility Elektroprivreda Srbije (EPS ) in achieving increased convergence of the guaranteed electricity supply tariff to reach market parity levels. The percentage and the date of the electricity price hike are not determined. According to World Bank’s statement […]