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| IFC to Invest €25M in Green for Growth Fund Southeast Europe | IFC, a member of the World Bank Group , will invest up to €25 million in the Green for Growth Fund Southeast Europe to stimulate financing of sustainable energy projects within the region. The fund will have a significant developmental impact in promoting energy efficiency and renewable energy and expanding lending to households, small and medium enterprises, renewable energy projects, energy service companies, and municipalities. Its investments initially are targeted to Albania, Bosnia and Herzegovina, Croatia, Kosovo, FYR Macedonia, Montenegro, Serbia, and Turkey. | |
| Study: Albanian Biomass Potential (Olive Oil Waste) | Financially supported through the CEI Know-how Exchange Programme (KEP) and the Italian supported CEI Trust Fund at the EBRD , the University of Bologna, Italy (Department of Agriculture) has successfully completed the BIOM-ALBA project aimed at identifying the economic potential and technical impact of the biomass supply chain in Albania. | |
| Valbona River Hydro Tenders | Ministry of Economy, Trade and Energy (METE) announces the invitation for participation in the competition procedure for obtaining the concession permit for the building of Hydro Power Plants on the river of Valbona, Tropoja District. | |
| EBRD Seeks Consultancy Services for Ulza Hydro Rehab | The Government of Albania and the European Bank for Reconstruction and Development are proposing this technical cooperation assignment aimed at conducting a feasibility study for the rehabilitation of the Ulza HPP, however without increasing the dam capacity. The rehabilitation measures, identified in the Feasibility Study shall be taken into account in a potential rehabilitation Project, which will be implemented. | |
| EBRD/Iberdrola Subsidiaries Team for Eastern Europe Wind Development | The European Bank for Reconstruction and Development (EBRD) has announced plans to finance projects in several emerging wind energy markets in eastern Europe.
The EBRD, a London-based international financial institution that supports projects in 29 countries from central Europe to central Asia, said it would acquire 25% stakes in the Hungarian and Polish subsidiaries of the Spanish wind power Iberdrola. The EBRD will invest a maximum of EUR125million for the stakes and will also evaluate the possibility of collaborating with Iberdrola in the Romanian market. | |
| Albania Tenders Construction of Hydropower Plants | Albania has tendered a concession for the construction of hydropower plants on the Shushica River, in Vlore, southern Albania, the economy, trade and energy ministry ( www.mete.gov.al) said in a statement. | |
| Southeast Europe Energy Efficiency Fund Created | A new fund has been set to support energy efficiency and renewable energy projects and reduce carbon emissions in the Balkans and Turkey.
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| Eight Hydro Projects Approved in Albania | Construction of the Bjeshke, Sllove and Veleshica 1-6 plants was awarded to a consortium comprising Advisor C. Energy shpk, Polistamp System srl and Energia e Territorio srl, the government ( www.keshilliministrave.al) said in a statement. | |
| Petrom Considers Geothermal and Wind Investments | The company didn’t disclose further details on these projects, but mentioned Petrom’s central focus were geothermal and wind energy. “It is too early to say when we will begin investments because it largely depends on how long will the current economic crisis last”, said Razvan Nicolescu. In another interview, Petrom's CEO Mariana Gheorghe (photo) said recently that Romania needs a serious strategy on promoting renewable energies, especially having in view that the potential is "fantastic".
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| Update: Albania's 48-MW Ashta Hydro Power Plant Breaks Ground | TIRANA, Albania 6/5/09 (PennWell) With Albania Prime Minister Sali Berisha in attendance, Austrian utility Verbund and SPV Energji Ashta broke ground for construction of the 48-MW Ashta hydropower plant on Albania’s Drin River in Shkoder District.
The 160 million euro (US$227 million) investment is for a run-of-river hydropower plant to be built south of Shkoder, making it the fourth hydro plant on the Drin, but the first to be built in more than 30 years.
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| Update: Construction Begins on Three Albania Hydro Projects | TIRANA, Albania 6/16/09 (PennWell) Austrian utility EVN and Norway's Statkraft began construction June 8, 2009, of three hydroelectric plants totaling 340 MW on Albania’s Devoll River.
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| Report From Moscow Energy Trade Fair | Even though the effects of the global financial and economic crisis have affected the Russian construction industry significantly, interest in innovative building and energy technology was unabated at SHK MOSCOW 2009, 13th International Industrial and Technology Trade Fair for Heating, Air Conditioning, Ventilation, Refrigeration, Building Automation, Sanitation and Renewable Energies. A total of 11,300 trade visitors from the CIS and neighboring countries attended Russia’s leading event for this industry and 200 exhibitors from 19 countries showcased their products on 107,600 square feet of exhibit space.
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| Slovenian Group to Build Albanian Hydropower | A Slovenian consortium will build several hydro electric power plants on the river of Shala in northern Albania. As part of the EUR 145m project, the Interenergo consortium will also operate the power plants in the next 35 years, the consortium wrote in a press release on Thursday.
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| EBRD, Energy Community to Host Regional Energy Forum in Sarajevo | “Investing in electricity generation and renewable energy” 30-31 March 2009, Holiday Inn Hotel, Sarajevo
The EBRD and the Energy Community will host a Regional Energy Forum in Sarajevo, Bosnia-Herzegovina, on Monday 30 and Tuesday 31 March 2009, which will focus on investment opportunities in electricity generation and renewable energy. | |
| Albanian US$1.3B Biomass/Wind Energy Park Reported | Italian government sources report that an Italian company, Marseglia Group, has signed a $1.3 billion project with the Albanian government to build a biomass energy park in northern Albania, according to a U.S. Department of Agriculture attache report posted Tuesday on the Foreign Agricultural Services Web site. | |