The Federation of Bosnia and Herzegovina is investing BAM 2.2 million to upgrade the air quality monitoring system. Federal Minister of Environment and Tourism Nasiha Pozder has signed contracts worth BAM 2.19 million (EUR 1.1 million) for the procurement of up-to-date equipment to upgrade the measurement program of the stations in the Federal Air Quality […]
Power utility Elektrani na Severna Makedonija estimated that it requires EUR 3 billion by 2040 to replace electricity from its lignite-fired power plants. According to member of the Board of Directors Ivan Stojanovski, the state-owned company is preparing investments in gas power plants, solar, wind, hydropower and energy storage. He highlighted its plans for a […]
Turkish Electricity Transmission Corporation and the World Bank signed a USD 750 million loan agreement. A USD 750 million loan will be used for the Transforming Power Transmission System Project. It would make the country’s energy future more reliable and efficient, Turkey’s transmission system operator (TSO) TEİAŞ said. The agreement was signed in Istanbul vby […]
The Republic of Serbia and Germany’s KfW Development Bank signed a loan agreement on July 18 for EUR 135 million for the second phase of the credit program Green Transition Development Policy Operation (DPO II). The signatures underscore the joint activities by Germany and Serbia aimed at a climate-compliant and socially just energy transition, said […]
The World Bank has decided to end its 2013 moratorium on financing nuclear energy projects amid growing global electricity demand. The move means the lender would support projects to extend the operating life of existing nuclear power plants and speed up the rollout of small modular reactors (SMRs). The World Bank board’s decision comes at […]
Bosnia and Herzegovina has secured EUR 83 million for a just transition project, which includes installing renewable power plants, social protection measures, and skills development in coal regions. The funds are for the Federation of BiH, one of the two entities constituting Bosnia and Herzegovina. The Board of Executive Directors of the World Bank has […]
The World Bank’s board of directors approved loans of $400 million each for Turkey and Azerbaijan, for the Trans-Anatolian Natural Gas Pipeline (TANAP) project late Tuesday, December 20, Anadolu Agency reports. The loans will be supplied through the World Bank’s subsidiary, the International Bank for Reconstruction and Development (IBRD). Turkey’s Petroleum Pipeline Corporation (BOTAS) will […]
SUMMARY World Bank set to fund Azerbaijan and Turkey part of Southern Gas Corridor to Europe Concerns raised over significant risks due to geopolitical context, fossil fuel dependency Defined as “the biggest infrastructure project of our times“ by the European Commission and a priority for the European Union, the Southern Gas Corridor was always going […]
IFC, a member of the World Bank Group, and the Albanian Ministry of Energy and Industry have signed a Memorandum of Understanding designed to establish the day-ahead electricity market in Albania, bolster country’s electricity supplies and better connect it to the rest of Europe. IFC will advise the Albanian government on the creation of the […]
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