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EBRD has acquired stake in Ictas Surdurulebilir Enerji Yatirimlari, the renewable energy arm of Turkey’s IC Holding for $100m

15.05.2019


The EBRD’s investment is expected to provide new boost to Turkey’s renewable energy sector. Ictas Surdurulebilir Enerji Yatirimlari owns a portfolio of ten hydropower plants with a total capacity of 400MW. With the funding, the company expects to invest in wind and solar power with a combined capacity of up to 250MW. The investment will…



Romania’s Govt. renews promises for 10% IPO at Hidroelectrica

13.05.2019


Romania’s Government plans to launch an initial public offer (IPO) for the sale of a 10% stake in hydropower producer Hidroelectrica and a 15% stake in coal and power company CE Oltenia, according to the 2019-2022 Convergence Program, passed by the Government on May 8. The offers would include the issuing of new shares by…



EPCG’s new investment cycle focuses on portfolio diversification, hydropower projects

08.05.2019


A Belgrade consortium comprising engineering firm Energoprojekt Hidroinženjering and water management institute Jaroslav Černi has been selected to produce a conceptual design for hydropower plant (HPP) Komarnica, and has already prepared an environmentally acceptable technical solution, which paves the way for the construction of the power plant following decades of research, Igor Noveljić, CEO of…



Chinese to build EUR 265 million hydropower plant in RS

30.04.2019


A contract to build a hydropower plant in the Serb Republic (RS), the Serb entity in BiH, will be signed with a Chinese company in June. Tanjug is reporting this citing the Bosnia-Herzegovina (BiH)-based website capital.ba, which quoted source in the RS power company ERS. The power lant will be built “after an eight-year wait,”…



Independent Regulator Defines Electricity Price in Montenegro

29.04.2019


28 April 2019 Prime Minister Duško Marković said that the electricity price is within the competence of an independent regulator and that the Government’s commitment is to protect the most sensitive categories of Montenegrin population through its policy ‘Therefore, today, through two groups of programmes, the Government subsidizes electricity bills for around 17,000 households. For…



The European Bank for Reconstruction and Development (EBRD) aims to invest again around 1.1 billion euro ($1.24 billion) in the Western Balkans this year, with a focus on the private sector, connectivity and transition to green economy

18.04.2019


The European Bank for Reconstruction and Development (EBRD) aims to invest again around 1.1 billion euro ($1.24 billion) in the Western Balkans this year, with a focus on the private sector, connectivity and transition to green economy, EBRD president Suma Chakrabarti said. “We are a long-standing partner of the region, committed to support the building…



Albania to terminate 17 concession contracts for hydropower projects

17.04.2019


Albania’s Ministry of Infrastructure and Energy has found 9 more cases of contract violations during its review of concession agreements for hydropower plants (HPPs). This amounts to 17 concession deals the ministry has started severing, the ministry said on its website. The ministry did not reveal the names of investors in question, the location of…



Elektroprivreda BiH issues a Tender for Baseload Power Surplus

16.04.2019


Bosnia’s biggest power utility Elektroprivred Bosne i Hercegovine (EPBiH) on Friday issued a tender to sell nearly 221 gigawatt hours (GWh) of baseload power surplus it will produce in the second half of 2019. EPBiH invited both domestic and international bidders to place their bids by April 19. Unlike its Balkan neighbors, which rely on…



FDI into Bosnia hits record high

05.04.2019


Direct foreign investment in Bosnia and Herzegovina reached a record 400 million euros in 2018, an increase of 2.8 per cent compared to 2017. According to Gordan Milinic, the director of the country’s investment promotion agency FIPA, the amount of FDI is highly satisfactory, not least as last year proved extremely difficult to attract foreign…



FDI into Albania rises 9.1% in 2018

27.03.2019


The inflow of foreign direct investments (FDI) in Albania increased to 981.6 million euro ($1.1 billion) in 2018, as compared to 899.9 million euro in 2017, according to central bank data published on Monday. On a quarterly comparison basis, the net inflow of foreign direct investment also increased – to 263.8 million euro in the…