Polish energy firm gets €195m for smart grid project

A London-based bank is set to provide funding worth PLN800 million (£165.6m) for Poland (pictured) to upgrade it electricity distribution network. Polish energy company ENERGA – one of the largest power utilities in the country – will use the cash to introduce an advanced smart metering system and implement efficiency improvements to the network. The […]

Turkey’s biggest wind farm starts producing electricity

The biggest wind farm in Turkey has started generating electricity, thanks to the help provided by a London-based bank. The 142.5MW Enerjisa Bares plant, which was financed with a €135 million loan arranged by the European Bank for Reconstruction and Development (EBRD), will increase Turkey’s current wind power generated electricity by around 8%. It will […]

Poland secures loan for ‘first’ gas-fired plant

Poland (pictured) has secured a loan worth up to PLN 283 million (£58.3m) for the construction of the “first large scale” gas-fired power plant in the country. The combined cycle gas turbine (CCGT) plant in Stalowa Wola, located in the south east, will have a capacity of 449 MWe/240 MWt and replace the old coal-fired […]

EBRD provides $25m for hydropower in Armenia

A $25 million (£16m) loan from a London-based bank is set to help finance the rehabilitation of seven hydropower plants in Armenia. The European Bank for Reconstruction and Development (EBRD) will provide the loan to the International Energy Corporation in a bid to support investment in the generation of renewable energy in the country. Located […]

EBRD’s $100m loan for power plant in Jordan

A $100 million (£61.5m) loan from a London based bank is set to help towards the construction and development of a power plant in Jordan. Located 15km east of the Jordanian capital Amman (pictured), the 240MW Al Manakher plant is expected to help the country address its energy shortages and ensure the security of future […]