IFC, North Macedonia to study hydro plant value - 4th Annual International Summit and Exhibition: Hydropower Balkans
+44 207 394 30 90 (London)

IFC, North Macedonia to study hydro plant value

Main » novosti » IFC, North Macedonia to study hydro plant…

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 Macedonia reduce its reliance on coal, which now powers most of its homes and businesses.

“Cebren is key to the future of North Macedonia,” said Kocho Angjushev, Deputy Prime Minister in charge of economic affairs. “It would help our country combat climate change while providing the energy that our growing economy so urgently needs.”

“North Macedonia has good potential when it comes to generating clean hydro power-based electricity” said Georgina Baker, IFC Vice President for Europe, Central Asia, Latin America and the Caribbean. “We look forward to working with the North Macedonia Government and other development partners to undertake an assessment of the Cebren hydro power project, which is a key initiative to enhance the country’s future energy security.”

This cooperation is part of a larger effort by IFC to support the development of North Macedonia’s private sector. Since 2001, IFC has invested nearly $400 million in the country, helping to create jobs, improve telecom services, and bolster the local pharmaceutical industry. IFC also has an active advisory services program which is helping to improve the country’s business environment.

Source: www.waterpowermagazine.com


EPCG to invest EUR 700 million to build new renewables capacities, upgrade other facilities

Author: Vladimir Berbatović Source: Balkan Green Energy News https://balkangreenenergynews.com/epcg-to-invest-eur-700-million-to-build-new-renewables-capacities-upgrade-other-facilities/ State power utility Elektroprivreda Crne Gore (ЕPCG) will invest a total of EUR 700 million to build new renewable energy capacities and upgrade its other power generation facilities to bring them into line with environmental standards, with the aim of reducing dependence on imports due to hydrologic conditions,…

EPS to invest EUR 4.6 billion by 2027, EUR 700 million to go into hydropower, renewables

Author: Vladimir Spasić Source: Balkan Green Energy News https://balkangreenenergynews.com/eps-to-invest-eur-4-6-billion-by-2027-eur-700-million-to-go-into-hydropower-renewables/ Public power utility Elektroprivreda Srbije (EPS) intends to invest EUR 4.6 billion from 2019 to 2027, of which EUR 1.6 billion in the modernization of existing and construction of new thermal power plants (TPPs) as well as environmental protection, EUR 1,3 billion in distribution projects, EUR 1 billion…

Romanian hydropower company spends EUR 80 mln to refurbish 350MW power plant

Romania’s state-owned hydropower company Hidroelectrica will totally refurbish its hydropower plant (CHE) Râu Mare – Retezat under a EUR 80 million project, financed from own funds. The plan’s capacity will increase to 350MW after the process, Economica.net reported. The company wants to make CHE Râu Mare – Retezat the country’s largest supplier of system services,…