Oil companies in Southeastern Europe accelerate renewable energy investments

Ekologija

Albania: Statkraft invested EUR 150 million to construct HPP Moglice
February 24, 2017
Norwegian company Statkraft has so far invested EUR 150 million in the construction of Moglice hydro power plant, its second plant on the Devoll River in the southeast of Albania. The construction site was visited by the minister for energy and industry Damian Gjinkuri, who said that Statkraft is being mindful of the environment. “The […]

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EU Approves 102 Million Euros for LNG Terminal in Croatia
February 23, 2017
The LNG terminal project on the island of Krk would be financed from the Connecting Europe Facility. “Today, we received great news from the European Commission. For the purposes of construction of an LNG terminal on the island of Krk, the European Union has granted us 102 million euros in EU funds. This is one […]

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Romania: New gas discovery in the Black Sea, Production starts 2019
February 21, 2017
The Black Sea Oil and Gas company discovered in the Black Sea between 10 and 20 billion cubic meters of natural gas and the production could start in 2019, according to Mark Beacom, the CEO of the company. He said that the project would produce approximately 10% of the gas consumption of Romania for five […]

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Montenegro: EPCG to spend €12m for TE Pljevlja second block
February 21, 2017
According to Electric Power Company of Montenegro’s public procurement plan for this year, the company plans to spend €12m for the construction of the Thermal Power Plant Pljevlja second block, although the contractor Skoda Praha has not found a creditor for the project yet. The project is expected to cost up to €324.5m, Dan newspaper […]

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Montenegro: Submarine power cable fully installed
February 21, 2017
Installing the submarine power cable between Italy and Montenegro, which connects the Balkans and the European Union, has been completed, the Terna company confirmed for TVCG public broadcaster. The cable was installed from the Skarerak ship owned by the Norwegian Nexans company, which is specialised for cable laying. The total length of cable between Pescara […]

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