World Bank supports geothermal energy development in Turkey
The World Bank supports Turkey with USD 289.8 million to encourage private sector investment in geothermal energy development. Geothermal energy projects in Turkey will be supported with an IBRD loan of USD 250 million and a Clean Technology Fund grant of USD 39.8 million, reported Anadolu Agency. The World Bank’s Board of Directors approved a […]
World Bank approved EUR 22 million for Ibar Lepenica canal
Kosovo Water Security and Canal Protection Project, credited by the World Bank with EUR 22 million as per approval of the Board of Executive Directors dated September 30, aims to restore main Ibar Lepenica Canal to its original capacity and to improve water quality in the Kosovo region. This project should improve life quality for […]
World Bank warns water must be more expensive
Annual investments necessary for water supply and channeling aren’t possible with current prices, too low to secure funds, representatives of the World Bank told Serbian authorities. At a meeting this week in the Chamber of Commerce and Industry of Serbia (PKS), organized in cooperation with the Ministry of Agriculture and Environmental Protection and Republic Water […]
Bosanska Krupa to rehabilitate Krivodol landfill
In 2014, the European Union has approved a grant in the amount of EUR 1 million for the rehabilitation of landfill Krivodol in the northwest of Bosnia and Herzegovina. The administrative procedures lasted until recently, and now everything is ready for the call for bids for the closure and rehabilitation of the facility, the Municipality […]
Probation starts for biological purifier in Prud
Mayor of Metković Katarina Ujdur and minister of environment and nature Slaven Dobrović launched a six-month probationary period for a biological wastewater treatment facility in the village of Prud, which will protect the Norina well from which much of the valley of the Neretva river and the islands of Pelješac, Korčula, Mljet and Lastovo are […]
EPS is worth up to EUR 14 billion, shouldn’t be sold
Branko Kovačević, chairman of the Supervisory Board of the Electric Power Industry of Serbia, told daily Politika the state-owned utility expects a possible capital addition. Asked about a recent dispute with Tony Verheijen, head of the World Bank in the Balkan country, he added the developments can point to the intention to sell the enterprise, but […]
World Bank to increase funding for Bosnia Energy Efficiency Project
The World Bank is ready to support Bosnia Energy Efficiency Project (BEEP) with further investments and advisory, said Jary Vayrynen, task team leader for the endeavour financed by the domestic government through loans from the international finance institution and the International Development Association. The project is funded with USD 32 million (EUR 28.8 million). Performances […]
Korean firms looking for opportunities in green energy
Blerand Stavileci, minister of economic development, visited South Korea, holding meetings with officials and representatives of companies, particularly those in the energy sector and information and communications technology (ICT). The trip ahead of a return visit was realized with the support of the World Bank, which is one of the biggest supporters of these two […]