EPS not to raise electricity price for the time being, energy minister says
Serbia’s public power utility Elektroprivreda Srbije (EPS) will not raise electricity prices over the coming period, Minister of Mining and Energy Aleksandar Antić has said, noting that Serbia is “defending the electricity price” before the International Monetary Fund (IMF) and the World Bank by citing EPS’ “good business results” and a favorable energy mix that […]
OSHEE to invest EUR 294 million over five years
Albania’s power distribution network operator OSHEE plans to invest ALL 37.1 billion (around EUR 294.2 million) in the power supply facilities over the next five years. According to the Albanian media, OSHEE’s investment plan has been sent to the Albanian energy regulator, ERE. OSHEE’s representatives expect the investments to produce a financial effect of EUR […]
EPS to transform to JSC in 2020, tariff review for 2018 to be completed by end-August, Serbia tells IMF
The legal status of public power utility Elektroprivreda Srbije (EPS) will be changed to a joint-stock company in 2020, while a tariff review for 2018 will be completed by the end of August with the assistance of the World Bank, the Serbian authorities wrote in the program statement concerning the new Policy Coordination Instrument (PCI) […]
Montenegro gets EUR 6 million World Bank loan for energy efficiency
Montenegro plans to invest EUR 6 million in the implementation of energy efficiency measures at 18 health care facilities by 2023, as part of the Montenegro Energy Efficiency Project 2 (MEEP 2). The funds have been secured through a World Bank loan. The loan agreement was signed by Montenegrin Finance Minister Darko Radunović and the […]
Petition handed to EBRD calling on IFIs to drop “destructive hydropower in the Balkans”
Representatives from the Save the Blue Heart of Europe campaign to save the continent’s last undammed rivers have handed in a petition endorsed globally by more than 120,000 people, calling on international development banks to rein in financial support for hydropower projects in the Balkans, according to a press release from CEE Bankwatch Network, one […]
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 […]
