Bulgarian NEK and Austrian EVN agree on debt settlement
Austrian energy company EVN and the Bulgarian National Electricity Company (NEK) reached an agreement to settle a debt worth BGN 192 million (EUR 98,2 million). The settled amount remains unknown, but EVN said in a statement that the agreement will increase its net income by EUR 38 million in the second quarter of this year. […]
Statkraft invested EUR 150 million to construct HPP Moglice
Norwegian company Statkraft has so far invested EUR 150 million in the construction of Moglice hydro power plant, its second plant on the Devoll River in the southeast of Albania. The construction site was visited by the minister for energy and industry Damian Gjinkuri, who said that Statkraft is being mindful of the environment. “The […]
Zorlu Energy to distribute First Solar’s PV modules in 26 countries
American solar panel manufacturer First Solar announced that it has entered into a collaborative sales agreement with Zorlu Holding, a Turkish business and industrial conglomerate. Zorlu Energy is to distribute First Solar’s high-performance thin film photovoltaic (PV) modules in 26 selected markets. The sales agreement is the latest of its kind to be signed by […]
FIPA: EUR 10 million investment in Breza municipality
Around EUR 10 million will be invested in the construction of a biomass fuelled combined heat and power plant (CHP) of 1,6 MW and other projects in Breza Municipality, announced the Foreign Investment Promotion Agency of Bosnia and Herzegovina (FIPA). Other projects include the construction of a pellets production line, a tire recycling facility and […]
Elicio presents two projects: wind farm Alibunar and wind farm Malibunar
Representatives of Elicio company held a public presentation of Alibunar and Malibunar wind farms, informing the citizens and land owners in the village of Vladimirovac about the plan and schedule for their construction. Project manager Marijan Rančić presented the plan for construction and reconstruction of roads, as well as the process of shipping and installing […]
EUR 50 million for energy efficiency in Western Balkans Six
An EUR 50 million agreement aimed to improve energy efficiency and renewable energy potential in the countries of the Western Balkans Six was signed in Skopje, Macedonia. The agreement was signed by the representatives of the European Commission (EC), the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB) and the German […]
Danish DONG Energy to stop using coal by 2023
Danish company DONG Energy said it will entirely stop using coal by the year 2023. The company’s power stations will be replacing coal with sustainable biomass. “The future belongs to renewable energy sources, and therefore we’re now converting the last of our coal-fired power stations to sustainable biomass. The decision is in line with our […]
EPS invites tenders for rehabilitation of seven small hydro plants
Electric Power Industry of Serbia (EPS) is inviting sealed tenders from contractors for the rehabilitation of seven small hydropower plants in Serbia. The facilities to be rehabilitated are SHPP Raška near Novi Pazar, SHPP Radaljska Banja near Mali Zvornik, SHPP Seljašnica near Prijepolje, SHPP Kratovska Reka near Priboj, SHPP Pod Gradom and SHPP Turica near […]