Energy Community finds distortions of state aid rules regarding Kosova e Re power plant
The Energy Community Secretariat believes that several elements of the power purchase agreement signed between the Kosovo* Government and the US-based ContourGlobal for 500 MW Kosova e Re power plant constitutes state aid. In the meantime, Reuters reported that the World bank has not confirmed it will back the project as it announced earlier. According […]
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, […]
World Bank provides technical assistance to Serbia for more efficient EPS
The World Bank will provide technical assistance to the Government of Serbia to improve the performance of the Serbian power utility Elektroprivreda Srbije (EPS). The agreement on providing Reimbursable Advisory Services (RAS) to EPS was signed by Cyril Muller, World Bank Regional Vice President for Europe and Central Asia, and Dušan Vujović, Serbian Minister of […]
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 […]
Installation of Alibunar wind farm turbines by September
Elicio, the Belgian renewable energy producer has announced its plan to complete the installation of 21 turbines at the 42 MW Alibunar wind farm, less 60 kilometers northeast of Serbia’s capital Belgrade, by September this year. The construction of the wind turbines foundations is expected to be finished in less than a couple of weeks. Then, Elicio […]
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, […]
Romania’s electricity market is now fully liberalized
Since the beginning of this year, the electricity market in Romania is fully liberalized – there will be no longer regulated tariffs that household consumers paid until December 31, 2017. Consumers of electricity in Romania now can choose between competitive regime and universal service market, with the option to return to the universal service market […]
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 […]