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Albania gets fresh EUR 12 million loan for strategic Dam Safety Project

14.06.2018


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,…



Bulgaria’s NEK signs 19.9 mln euro deal for overhaul of HPP complex

11.06.2018


SOFIA (Bulgaria), June 5 (SeeNews) – Bulgaria’s National Electricity Company said it has signed a 19.9 million euro ($23.3 million) contract for the rehabilitation of three hydro power plants with a consortium comprising Czech company CKD Blansko, Croatia’s Koncar-KET and Slovenia’s Rudis. The contract will be partially financed with an 11.5 million euro grant from…



Albanian rehab project receives additional World Bank funding

06.06.2018


A pair of hydropower plants along Albania’s Drin River will receive additional mechanical overhauls and dam safety improvements courtesy of more than US$13.8 million in funding from the World Bank. The Drin cascade has a cumulative output capacity of 1,350 MW — representing about 70% of Albania’s total power supply — and includes the Fierza,…



Hydropower: pump up the volume

16.04.2018


2018 marks the 75th anniversary of the Hydro Electric Development Act in Scotland, which kick-started major hydro developments across the country. MP Drew Hendry looks at the benefits of the technology. For nearly 130 years Scotland has been the home of hydro-electricity – back when the open fire was the centre of the power world…



Tajikistan’s New Hydroelectric Plant Can Benefit Entire Region

10.04.2018


In the boldest signal of bilateral amity to date, Uzbekistan’s president announced during a seminal visit to Tajikistan on March 9 that he intends to support the major hydropower project that has been a source of tension between the two nations. President Shavkat Mirziyoyev told his Tajik counterpart Emomali Rahmon that Uzbekistan is willing to…



EIB backs renewable investment in Greece, including hydro

06.04.2018


The European Investment Bank (EIB) has approved a €85 million loan that will support the refurbishment of existing small hydropower and wind projects, as well as the construction of new projects across Greece. The funding will back a new investment programme by PPC Renewables across mainland Greece and the Greek Islands and will finance a…



Montenegro’s EPCG signs 1.6 mln euro Komarnica HPP design contract

05.04.2018


PODGORICA (Montenegro), February 2 (SeeNews) – Montenegro’s power utility Elektroprivreda Crne Gore (EPCG) [MNG:EPCG] said it has signed a 1.6 million euro ($2 million) contract for the design of Komarnica hydro power plant (HPP). The contract was signed with a consortium of Montenegro’s Institut za Vodoprivredu Jaroslav Cerni and Energoprojekt Hidroinzenjering, which will also be…



Opportunity to bid for rehabilitation of 864-MW Chaira pumped storage in Bulgaria

29.03.2018


Natsionalna Elektricheska Kompania EAD is inviting tenders for rehabilitation of its 864-MW Chaira pumped storage hydro plant in Bulgaria. Chaira is located in the Rila mountains about 100 km southeast of Sofia, the capital city. The underground power plant contains four reversible Francis pump-turbine units. Units 1 and 2 have been in operation since 1995,…



Euro bank backs privatization of two Turkish hydropower plants


The European Bank for Reconstruction and Development (EBRD) has said it is supporting a major milestone in the privatization of state-owned power plants in Turkey with a $55 million dual-currency loan to a subsidiary of Koç Holding, the largest diversified conglomerate in the country. Entek Elektrik Üretimi A.Ş, the winning bidder of a competitive privatization…



EDF eyeing hydropower projects in Serbia – energy minister

24.03.2018


BELGRADE (Serbia), March 20 (SeeNews) – Serbia’s energy minister Aleksandar Antic said French state-run utility company Electricite de France (EDF) has expressed serious interest in participating in the development of hydropower projects in his country. Representatives of EDF have expressed interest in cooperating with Serbian state-owned power utility EPS in the development of hydropower projects,…