Serbia-Energy.Eu SEE region weekly news digest 1/2014

Published on 10. January 2014., SEE Energy News

Bosnia: KfW approved a 65 MEUR loan to the power utility company for wind park project

The German Development Bank (Kreditanstalt für Wiederaufbau – KfW) has approved the energy company of Bosnia PC Elektroprivreda BiH a loan to finance the construction of a wind farm Podvelezje, amounting to 65 MEUR within the framework of development cooperation between Germany and Bosnia-Herzegovina.

Montenegro: Construction of power transmission line Montenegro – Italy starts soon

By the end of 2015 the electricity will flow in Italy by a cable worth 758 MEUR. The construction of the submarine power cable that will connect Montenegro and Italy will begin in late January next year, said Italian Ambassador Vincenzo Del Monaco in Montenegro.

Republika Srpska, exclusive: Italian deal in the Balkans for green energy, Drina HPPs project, the analysis of the concessions

The “Middle Drina” project, worth 665 MEUR which was signed by Republika Srpska, Serbia and Italy on the joint construction of three hydroelectric power plants on the river Drina, might leave a long-term negative consequences for the energy sector of Republika Srpska…

Bosnia: Questionable construction of new TPP unit 7 in “Tuzla”, talks with Chinese investors on hold?

It is not known when or whether Construction of Block 7 in Thermal Power Plant “Tuzla” will ever start. The “Electric Power Industry of BiH” has issued a public call for the selection of project partners in July this year.

Republika Srpska: Zarubezhneft marks loss in oil refinery Brod

While authorities in the oil refinery in Bosanski Brod recognize that there are accumulated losses of the company of about 250MEUR, they announce the improvement of  business performance. In the gasification project, the owner Zarubezhneft will invest 10 MEUR.

Croatia: Power utility company HEP will supply Ina oil industry with electricity

HEP Supply signed a supply contract with INA oil industry, which, with an annual consumption of more than 270 million kWh, is the second largest buyer of electricity in Croatia.

Montenegro: Debt settlement of EPCG (Electric Power Industry of Montenegro) agreed

Agreement on how to settle tax debt of Electric Power Industry has been reached, which will be debated in Parliament during the present session, announced the news from the Ministry of Finance.

Bosnia: Electric Power Industry of BiH has achieved a record production of electricity in 2013

Electric Power Industry of BiH (EPBiH) dd Sarajevo has achieved a record production of electricity since 1990. They produced a total of 7,310 GWh, and expectations are that the amount of about 7,450 GWh will be achieved at the end of the year.

Croatia: Power utility company HEP will supply Ina oil industry with electricity

HEP Supply signed a supply contract with INA oil industry, which, with an annual consumption of more than 270 million kWh, is the second largest buyer of electricity in Croatia.

Republika Srpska: HPPs on the Drina River awaiting go signal from Rome?

New hpps projects on Drina river still have not moved further from the beginning. That is how in short project for construction of hydropower plants on the Drina River could be evaluated, which is predicted by the energy agreement between Serbia, Republic of Srpska and Italy…