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Govt Approves Five Permits for HPPs

22.07.2019


The National Territory Council (NTC) has approved five permits for the construction of small hydropower plants (HPP) and has reviewed an existing one. Two permits were approved for the construction of two hydropower plants in Urake river near the northern town of Mat. Also, the National Territory Council approved a construction permit for two hydropower…



Republika Srpska to adopt new renewables incentive schemes by end-2019

15.07.2019


Republika Srpska plans to introduce auctions for the construction of hydropower and solar power plants, as well as to continue using its power generation resources, including small and large hydropower plants and lignite-fired power plants. In an interview with Balkan Green Energy News, Petar Đokić, Minister of Energy and Mining of Republika Srpska, says that…



Croatia’s HEP Group posts EUR 184 million net profit for 2018

10.07.2019


Croatia’s state-owned energy company Hrvatska Elektroprivreda (HEP Group) reported a net profit of HRK 1.36 billion (around EUR 184 million) in 2018, an increase of 5% compared to 2017. The profit came from the group’s electricity business, with losses seem in other segments of operations, according to HEP Group’s annual report. HEP Group posted an…



Electrica interested in CEZ assets in Romania – CEO

05.07.2019


Romania’s state-owned power distribution and supply company Electrica is interested in buying the assets owned by Czech energy company CEZ in Romania, once they are put up for sale, Electrica CEO Georgeta Corina Popescu has said in an interview with Agerpres, Romania Insider reported. In addition to eyeing CEZ’s assets in Romania, Electrica is also…



Egypt’s Elsewedy Electric agrees to buy 4 wind farms, 1 SHPP in Greece

02.07.2019


Egypt’s Elsewedy Electric, an integrated energy and infrastructure solution provider, has announced entering into a share purchase agreement with R.F. Energy S.A. (a subsidiary of F.G Europe S.A.) to acquire 100% of the share capital of 3 wind energy and 1 hydropower companies in operation in Greece. The total consideration agreed is EUR 55 million,…



Greece Harnesses EU Funding to Push Towards Ambitious Renewables Plan

28.06.2019


The European Investment Bank (EIB) has announced the first partnership for its sustainable financing repository, the Infrastructure Fund of Funds, which aims to support environmentally-friendly projects throughout the EU. The National Bank of Greece (NBG) was named as the Funds’ first partner with a massive 650 million euros of investment into ambitious sustainable energy projects…



IFC, North Macedonia to study hydro plant value


World Bank Group member IFC is to assess the value of a planned hydropower plant in Macedonia as part of an agreement recently signed with the Government of North Macedonia. The preliminary assessment on the Cebren project will assess the hydro plants value to the country and the region, including how it will help North…



Albania’s Age Erzen seeks construction permit for small HPP near Tirana

26.06.2019


Albanian company Age Erzen has applied for a building permit for a small hydro power plant (HPP), the energy ministry said. The company plans to build a HPP of up to 2 MW on a tributary of Erzen river in Tirana region, the energy ministry said in a statement last week. Albania produces over 90%…



EBRD to invest €250M in Turkish energy sector in 2019


Turkey’s energy sector has been attracting around €250 million ($280 million) per year from the European Bank for Reconstruction and Development (EBRD) and the bank plans to maintain the same levels of financing in 2019 as well, Managing Director for Sustainable Infrastructure Group at the EBRD said on June 19. Nandita Parshad, managing director for…



ELSEWEDY ELECTRIC acquires a portfolio of renewable energy assets in operation in Greece

17.06.2019


The completion date is expected to be on or before the 28th of June 2019 and subject to the normal terms and conditions for completing similar transactions Cairo, Egypt: ELSEWEDY ELECTRIC, a leading Integrated Energy and Infrastructure Solution Provider announces entering into a Share Purchase Agreement with R.F. Energy S.A. (a subsidiary of F.G Europe…