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 […]
New EUR 5 million loan for energy efficiency in BiH
A loan of up to EUR 5 million is now available to individuals, residents’ associations, producers, service providers, suppliers and vendors of green technologies for energy efficiency investments in residential sector. The funds are provided by European Bank for Reconstruction and Development (EBRD) and will be distributed through services of MKF Partner, a microfinance institution […]
Podveležje wind farm project presented in Mostar by EP BiH
The Elektroprivreda BiH (EP BiH) power company organized a presentation of its project to build the Podveležje windfarm in Mostar. The new power production facility will be built using a loan from the German development bank KfW and EP BiH funds. Representatives of the German company Fichtner helped EP BIH to present the project. The total […]
MK Fintel Wind secured loan for Košava wind farm
MK Fintel Wind has announced that it has secured EUR 81.5 million for the completion of Košava Phase 1 wind park near Vršac in Serbia. MK Fintel Wind is owned by Italy’s Fintel Energia Group and Serbia’s MK holding, whose owner is businessman Miodrag Kostić, has already built two wind farms in Serbia. The construction […]
Works on Hrgud, first wind park in Republika Srpska to start soon
The first wind farm in Republika Srpska, 48 MW Hrgud, should be completed in four years. The EUR 60 million loan deal for its construction was signed between the Ministry of Finance of Bosnia and Herzegovina and German KwF Development Bank. This wind farm in Berkovići, a southern municipality of Republika Srpska, comprises 16 wind […]
World Bank provides EUR 40 million loan for energy efficiency in Serbia
The World Bank (WB) has provided EUR 40 million loan to Serbia for energy efficiency measures in 234 public buildings. The loan is a part of USD 119 million (EUR 100 million) Enhancing Infrastructure Efficiency and Sustainability Program, recently approved by the WB. The rest of the money (EUR 60 million) will be spent on road […]