Fintel Energija IPO on Belgrade Stock Exchange in May
Fintel Energija will conduct the initial public offering (IPO) on the Belgrade Stock Exchange in May, company CEO Tiziano Giovannetti said. The first IPO after almost 80 years on the Belgrade Stock Exchange is being prepared for nine months. The Fintel Energija plans to sell 15-20% of its shares. “The necessary IPO procedure will be […]
EPCG to invest EUR 67 million in hydropower, analysis for wind farm underway
Power utility Elektroprivreda Crne Gore (EPCG) plans to invest EUR 170 million in the next five years, out of which EUR 40 million in the revitalization of two hydropower plants (HPPs), Piva and Perućica, and EUR 27 million in diverting a part of the Zeta river into the Perućica hydropower system. Around EUR 60 million […]
Enlight acquires third wind farm in Balkan region
Israel-based Enlight Renewable Energy acquired the rights to a 105 MW wind energy project in Kosovo*, the company said in a statement. The project, according to Enlight, is in the advanced development stages. Construction works are expected to start next year while wind farm will be operational in 2020. The investment is estimated at EUR […]
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 […]
Montenegro to buy part of transmission network from Krnovo wind farm
The Government of Montenegro has decided to purchase a part of the power transmission infrastructure which France’s Akuo Energy has built for its Krnovo wind farm. A European Union grant of EUR 5.8 million has been secured for the transaction. The 110/35 kV Brezna substation with a connection to the existing Nikšić-Brezna transmission line, as […]
Siemens Gamesa signs new 36 MW contract in Bosnia and Herzegovina
The Siemens Gamesa company has announced that it will install turbines at the Jelovača wind farm in Tomislavgrad municipality, in western part of Bosnia and Herzegovina. F.L. Wind, one of independent power producers (IPP) in Bosnia and Herzegovina ordered 18 of Siemens Gamesa G97-2.0 MW turbines, for the supply of 36 MW. The agreement includes […]
Elektroprivreda Republike Srpske seeks consultant for Hrgud wind park
Power utility Elektroprivreda Republike Srpske (ERS) is looking for a consultant to assist in developing a 48 MW wind park Hrgud. The total costs of the first wind farm in Republika Srpska are estimated at EUR 65 million. Up to 60 million EUR would be provided by KfW as a loan to ERS. The wind […]
