Greening BRI Investments in Western Balkans
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Investing to Integrate Europe & Ensure Security of Supply PE
11/20/2014 Public enterprise "Electric power industry of Serbia" Europe‘s 8th energy region: Investing to integrate Europe & ensure security of supply Brussels, 19th November 2014 PE EPS is nearly a sole player in the Serbian electricity market Hydro power 2,835 MW plants Thermal power 5,171 MW* 3,936 MW** plants Combined heat and power 353 MW plants Total 8,359 MW* 7,124 MW** Electricity 37.5 TWh** Production Number of 3.5 mil ** customers Number of 33,335** employees Last power plant built in 1991. *With K&M ** Without K&M, end of 2013 As of June 1999 PE EPS does not operate its Kosovo and Metohija capacities (K&M) 2 1 11/20/2014 EPS facing 1200MW capacity decommissioning until 2025 Due to aging fleet and strict EU environmental regulations1 Net available EPS generation capacity, MW Successful negotiation about 8,000 -1,218 MW LCPD and IED implementation 20 eased the timing of lignite 7,239 25 111 decommissioning 208 210 630 100 6,021 6,000 20 25 280 Old gas-fired CHP capacity decommissioning 612 • Current Novi Sad gas/oil CHP (210 MW) and EPS small HPPs 1,200 Zrenjanin gas/oil CHP (111 MW) to terminate CHP SREMSKA MITROVICA - 321 MW 1,230 production CHP ZRENJANIN 4,000 CHP NOVI SAD 1,560 TPP MORAVA Old lignite-fired capacity decommissioning 1,239 (capacities to be closed in 2023 latest and to operate TPP KOLUBARA 211 20ths hours in total between 2018-20231) 211 TPP KOSTOLAC B TPP KOSTOLAC A 1,126 • Kolubara A1-3, A5 (208 MW) 1,126 2,000 • Nikola Tesla A1-2 (360 MW) TPP NIKOLA TESLA B • Kostolac A1-2 (280 MW) TPP NIKOLA TESLA A HPP -
Quantifying CO2 Abatement Costs in Serbian Power Sector in 2014
Quantifying CO2 abatement costs in Serbian power sector in 2014. [Document Subtitle] Aleksandar Macura RES Foundation T: +381 (0)11 218 8897 Matični broj: 28828357 Zmaja od Noćaja T: +381 (0)11 2910362 PIB: 108822050 3a www.resfoundation.org Račun broj: 11000 Beograd 275001022539489576 Table of Contents TABLE OF TABLES 2 TABLE OF FIGURES 3 1 DISCLAIMER 5 2 INTRODUCTION 6 3 SUMMARY OF RESULTS 7 4 BASIC PLANT DATA- 2014 12 5 DEVELOPMENTS IN 2014. 13 6 ELECTRICITY AND COAL BALANCES 14 6.1 ELECTRICITY BALANCES 14 6.1.1 ELECTRICITY IMPORTS AND EXPORTS DATA AND EXPLANATIONS 15 6.2 COAL BALANCES 17 7 CO2 BALANCES 18 7.1 GHG EMISSIONS IN SERBIA 18 7.2 AVOIDED EMISSIONS IN 2014 19 8 POWER SECTOR FINANCIAL DATA 19 9 CALCULATION OF ABATEMENT COSTS 22 9.1 METHODOLOGY DESCRIPTION 22 9.1.1 ADDITIONAL NET IMPORT COSTS 25 9.1.2 AVOIDED ELECTRICITY PURCHASES 26 9.1.3 LOST PROFIT 28 9.2 RESULTS 29 TABLE OF TABLES TABLE 1 EPS NET OUTPUT PLANT CAPACITY (MW). SOURCE: EPS .......................................................... 12 TABLE 2 2014. ELECTRICITY PRODUCTION OF EPS POWER PLANTS. SOURCE: EPS ........................ 12 TABLE 3 ELECTRICITY PRODUCTION IN SERBIA IN THE PERIOD FROM 2008. TO 2014. .............. 14 TABLE 4 ELECTRICITY CONSUMPTION IN SERBIA IN THE PERIOD FROM 2008. TO 2014. ........... 15 TABLE 5 ELECTRICITY EXPORTS AND IMPORTS IN SERBIA. SOURCE: STATISTICAL OFFICE ...... 16 TABLE 6 NET ELECTRICITY IMPORTS . SOURCES: STATISTICAL OFFICE (RZS), REGULATORY ENERGY AGENCY (AERS), ELECTRICAL UTILITY (EPS), TRANSMISSION UTILITY (EMS) .... 17 TABLE 7 COAL BALANCES IN THE YEARS 2008-2014. .................................................................................... 17 2 Quantifying CO2 abatement costs in Serbian power sector in 2014. -
DLA Piper. Details of the Member Entities of DLA Piper Are Available on the Website
EUROPEAN PPP REPORT 2009 ACKNOWLEDGEMENTS This Report has been published with particular thanks to: The EPEC Executive and in particular, Livia Dumitrescu, Goetz von Thadden, Mathieu Nemoz and Laura Potten. Those EPEC Members and EIB staff who commented on the country reports. Each of the contributors of a ‘View from a Country’. Line Markert and Mikkel Fritsch from Horten for assistance with the report on Denmark. Andrei Aganimov from Borenius & Kemppinen for assistance with the report on Finland. Maura Capoulas Santos and Alberto Galhardo Simões from Miranda Correia Amendoeira & Associados for assistance with the report on Portugal. Gustaf Reuterskiöld and Malin Cope from DLA Nordic for assistance with the report on Sweden. Infra-News for assistance generally and in particular with the project lists. All those members of DLA Piper who assisted with the preparation of the country reports and finally, Rosemary Bointon, Editor of the Report. Production of Report and Copyright This European PPP Report 2009 ( “Report”) has been produced and edited by DLA Piper*. DLA Piper acknowledges the contribution of the European PPP Expertise Centre (EPEC)** in the preparation of the Report. DLA Piper retains editorial responsibility for the Report. In contributing to the Report neither the European Investment Bank, EPEC, EPEC’s Members, nor any Contributor*** indicates or implies agreement with, or endorsement of, any part of the Report. This document is the copyright of DLA Piper and the Contributors. This document is confidential and personal to you. It is provided to you on the understanding that it is not to be re-used in any way, duplicated or distributed without the written consent of DLA Piper or the relevant Contributor. -
2019 Annual Report Annual 2019
a force for good. 2019 ANNUAL REPORT ANNUAL 2019 1, cours Ferdinand de Lesseps 92851 Rueil Malmaison Cedex – France Tel.: +33 1 47 16 35 00 Fax: +33 1 47 51 91 02 www.vinci.com VINCI.Group 2019 ANNUAL REPORT VINCI @VINCI CONTENTS 1 P r o l e 2 Album 10 Interview with the Chairman and CEO 12 Corporate governance 14 Direction and strategy 18 Stock market and shareholder base 22 Sustainable development 32 CONCESSIONS 34 VINCI Autoroutes 48 VINCI Airports 62 Other concessions 64 – VINCI Highways 68 – VINCI Railways 70 – VINCI Stadium 72 CONTRACTING 74 VINCI Energies 88 Eurovia 102 VINCI Construction 118 VINCI Immobilier 121 GENERAL & FINANCIAL ELEMENTS 122 Report of the Board of Directors 270 Report of the Lead Director and the Vice-Chairman of the Board of Directors 272 Consolidated nancial statements This universal registration document was filed on 2 March 2020 with the Autorité des Marchés Financiers (AMF, the French securities regulator), as competent authority 349 Parent company nancial statements under Regulation (EU) 2017/1129, without prior approval pursuant to Article 9 of the 367 Special report of the Statutory Auditors on said regulation. The universal registration document may be used for the purposes of an offer to the regulated agreements public of securities or the admission of securities to trading on a regulated market if accompanied by a prospectus or securities note as well as a summary of all 368 Persons responsible for the universal registration document amendments, if any, made to the universal registration document. The set of documents thus formed is approved by the AMF in accordance with Regulation (EU) 2017/1129. -
Outlet Centres in Europe
MARKET SURVEY March 2021 Outlet Centres in Europe Market Survey covering all operating and planned Outlet Centres in the European Countries Study within the Scope of ecostra’s Basic Research understanding markets | evaluating risks | discovering chances Preliminary remarks Beginning in the USA and, over the past 25 years, subsequently spreading in Europe as well, a new retail format has been established: the Factory Outlet Centre (FOC) or Designer Outlet Centre (DOC). In the meantime, such a high density of Outlet Centres already exists in some European countries (e.g. Great Britain), that one can certainly speak of market saturation here. Thus, in Great Britain, as in the USA also, a market shakeout is observable among locations of Outlet Centres, whereby the most professional operators, and accordingly suitable locations, win out over less productive concepts or locations with weaknesses. The situation in continental Europe is somehow different. Due what are, to date, extremely restrictive building permission procedures compared to those in the rest of Europe, Germany has only a very few Outlet Centres in relation to the size of this national market. However, there is little doubt that this will change in the medium-term perspective, at least. The kind of emotional argument that often used to take place until just a few years ago has now given way to a much more factual discussion on the advantages and disadvantages of establishing an Outlet Centre. Whereas Germany still shows a lot of potential for new Outlet Centres, Italy has seen a rapid development in the last years, and it’s difficult to discover any “white spots” on the map there. -
Large Combustion Plants Directive – Directive 2001/80/EC on the Limitation of Emissions of Certain Pollutants Into the Air from Large Combustion Plants
December 2019 COMPLY OR CLOSE How Western Balkan coal plants breach air pollution laws and what governments must do about it This report is endorsed by the following organisations: Research and writing Ioana Ciuta, CEE Bankwatch Network Pippa Gallop, CEE Bankwatch Network Davor Pehchevski, CEE Bankwatch Network Acknowledgements Thanks to those who assisted by providing information and commenting on the text: Viktor Berishaj, Climate Action Network Europe (CAN Europe) Nina Kreševljaković, Aarhus Resource Centre BIH, Bosnia and Herzegovina Aleksandar Macura, RES Foundation, Serbia Vlatka Matković Puljić, Health and Environment Alliance (HEAL) Mirko Popović, Renewables and Environmental Regulatory Institute (RERI), Serbia Jovan Rajić, Renewables and Environmental Regulatory Institute (RERI), Serbia Editing Emily Gray, CEE Bankwatch Network Design Milan Trivić Cover photo Pljevlja, Montenegro - Davor Pehchevski This publication has been produced with the financial assistance of the European Union. The content of this publication is the sole responsibility of CEE Bankwatch Network and can under no circumstances be regarded as reflecting the position of the European Union. Contents Glossary ...................................................................................................................................................................................5 Executive summary ..................................................................................................................................................................6 -
Ms Erica Bach PCM Officer Project Complaint Mechanism European Bank for Reconstruction and Development 1 Exchange Square London, UK
Ms Erica Bach PCM Officer Project Complaint Mechanism European Bank for Reconstruction and Development 1 Exchange Square London, UK 25th April 2017 Dear Ms Bach, CEE Bankwatch Network and CEKOR are hereby requesting a compliance review for the EPS Restructuring project (#47318). Although the investment is on corporate level and not directed at specific physical assets, the project has caused harm and has the potential to cause further harm due to “freeing up resources to allow the Company to focus on and boost the implementation of its long term capital expenditure program”1 which includes lignite mine expansion and construction of several thermal power plants, the most advanced one being the Kostolac B3 TPP. The EBRD has provided technical cooperation to EPS and has put great effort into monitoring and helping EPS develop a strategic approach to managing environmental and social issues. It has requested its client to do regular corporate audits of each of its subsidiary companies and develop costed action plans. However, these improvements have not achieved full implementation by EPS of the EBRD’s E&S standards, which has resulted in continued negative impacts on air quality and harm to communities in mining basins living in unacceptable environmental conditions and bearing significant health and safety risks. Moreover, in the absence of EPS’s plans to decarbonise in the foreseeable future, the climate impact of EPS’s capital expenditure programme is questionable. The EBRD has failed to ensure the resettlement of mining-impacted communities and to assess the strategic impact of its investments on Serbia’s energy sector, and how it could impact the sector’s reliance on lignite, the most polluting of fossil fuels. -
Electric Power Industry of Serbia
EPS INSTALLED CAPACITIES DATA ON ELECTRIFICATION STRUCTURE OF DISTRIBUTION LINES 9 Drmno 40 COAL PRODUCTION TOTAL COAL AND TPPs-OCMs Kostolac 9 CAPACITIES OVERBURDEN OUTPUT 40 5 Distribution Number of Number of Veliki Crljeni Size of area settlements households 6 Subsidiary km 1 12 Tamnava West Field 120 km2 electrified in electrified settlements 26 COAL 111 110 Underground ZRENJANIN million t, bcm 108 107 108 27,375 Field D 10 26 OVERBURDEN Elektrovojvodina 21,506 497 838,986 Overhead 100 97 98 96 NOVI SAD 3 93 EDB 2,830 132 752,847 Field B SALES 13 90 KOSTOLAC B3 30 80 Elektrosrbija 25,211 2,345 812,901 MB Kolubara 71 S. MITROVICA KOSTOLAC A Jugoistok 22,029 1,845 547,276 0 10 20 30 40 50 60 70 80 ĐERDAP 1 60 Centar 6,120 377 256,120 million t, bcm 131,134 2 KOSTOLAC B TOTAL 77,696 5,196 3,208,130 N. TESLA B N. TESLA А KOSTOLAC 40 40 ZVORNIK 40 36 36 38 38 37 38 COAL 35 5 ĐERDAP 2 34 MORAVA million t TOTAL KOLUBARA А 40 20 KOLUBARA B COAL PRODUCTION KOLUBARA 9 9 7 9 7 8 BY SUBSIDIARIES 0 7 7 2005 '06 '07 '08 '09 '10 '11 '12 '13 '14 B. BAŠTA MEĐUVRŠJE 30 7 PSHPP B. BAŠTA OVČAR BANJA STATISTICAL DATA ON DISTRIBUTION GRID 5,423 11,045 6 COAL OVERBURDEN KOKIN BROD 3 20 BISTRICA 28 29 29 31 29 30 31 30 31 23 12,680 POTPEĆ 17,960 PIROT UVAC 4 10 Distribution Number Installed capacity Subsidiary of substations of substations (MWA) MB Kolubara STRUCTURE OF SUPPLY ELEKTROVOJVODINAподземни EDBподземни TPPs-OCMs Kostolac надземни надземни VRLA 2 0 OF THE PRODUCED COAL VRLA 4 2005 '06 '07 '08 '09 '10 '11 '12 '13 '14 Elektrovojvodina 7,759 10,252.6 -
Electric Pow Er Industry of Serbia
TECHNICAL REPORT ELECTRIC POWER INDUSTRY OF SERBIA 2017 EPS INSTALLED CAPACITIES 1 ZRENJANIN NOVI SAD KOSTOLAC B3 S. MITROVICA KOSTOLAC A ĐERDAP 1 2 KOSTOLAC B N. TESLA B N. TESLA А KOSTOLAC ZVORNIK 5 ĐERDAP 2 MORAVA KOLUBARA А KOLUBARA B KOLUBARA B. BAŠTA MEĐUVRŠJE PSHPP B. BAŠTA OVČAR BANJA KOKIN BROD 3 BISTRICA POTPEĆ UVAC 4 PIROT VRLA 2 VRLA 4 VRLA 1 KOSOVO B VRLA 3 KOSOVO А PSP LISINA * KOSOVO = 500 MW Power plants and coal mines: Distribution areas: TPP 1_Novi Sad TPP UNDER CONSTRUCTION 2_Beograd TPP potentially place 3_Kraljevo CHP 4_Niš HPP 5_Kragujevac COAL MINE *_PE Elektrokosmet, Priština * As of June 1999, EPS does not operate its facilities on the territory of Kosovo and Metohija EPS 2017 Data related to capacities managed by Public Enterprise Electric Power Industry of Serbia GENERATION CAPACITIES Net output capacity 7,355 MW ELECTRICITY GENERATION 34,004 GWh COAL PRODUCTION 39,064,457 t 2017 EPS OVERBURDEN REMOVAL 103,429,947 bcm ELECTRICITY SALE 35,474 GWh In EPS Group 33,533 GWh Out of EPS Group 1,941 GWh ELECTRICITY PURCHASE Out of EPS Group 1,492 GWh NUMBER OF CUSTOMERS Total 3,477,716 Guaranteed supply 3,446,386 Last resort supply 1,454 Commercial supply 29,876 GENERATION CAPACITIES Net output POWER PLANT capacity MW TPP Nikola Tesla A 1,597 TPP Nikola Tesla B 1,220 TPP Kolubara 216 CAPACITIES TPP Morava 108 TPP Kostolac A 281 TPP Kostolac B 632 THERMAL Power Plants 4,054 CHP Novi Sad 208 CHP Zrenjanin 100 CHP Sremska Mitrovica 28 COMBINED Heat and Power Plants 336 HPP Đerdap 1 1,099 HPP Đerdap 2 270 Vlasina HPPs 129 -
Transport Development Strategy of the Republic of Croatia (2017 – 2030)
Transport Development Strategy of the Republic of Croatia (2017 – 2030) Republic of Croatia MINISTRY OF THE SEA, TRANSPORT AND INFRASTRUCTURE Transport Development Strategy of the Republic of Croatia (2017 - 2030) May 2017 The project is co-financed by the European Union from the European Regional Development Fund. Republic of Croatia Ministry of the Sea, Transport and Infrastructure I Transport Development Strategy of the Republic of Croatia (2017 – 2030) TABLE OF CONTENTS 1 Introduction ............................................................................................................. 1 1.1 Background on development of a Croatian Comprehensive National Transport Plan .................................................. 1 1.2 Objectives of the Transport Development Strategy (TDS 2016) ............................. 4 1.3 Revision of the TDS (2016) Ex-Ante conditionality .................................................. 4 1.4 Methodology for the development of the TDS (2016) ............................................ 5 2 Analysis .................................................................................................................... 7 2.1 General aspects of transport ................................................................................... 7 2.2 Public transport and zero-emission modes ........................................................... 34 2.3 Rail Transport......................................................................................................... 72 2.4 Road transport ...................................................................................................... -
P R O P O S a L Pursuant to Article 5 and 6 of the Energy Law ( " Official Gazette of the Republic of Serbia " , Numbe
P R O P O S A L Pursuant to Article 5 and 6 of the Energy Law ( " Official Gazette of the Republic of Serbia " , number 145/14) and Article 42 , Paragraph 1 of the Law on Government ( " Official Gazette of the Republic of Serbia " , no . 55/05, 71 / 05 - correction , 101/07, 65/08, 16/11, 68/12 - US , 72/12, 7/14 - US and 44/14), The Goverment makes DECREE ON ESTABLISHMENT OF IMPLEMENTATION PROGRAM OF THE ENERGY SECTOR DEVELOPMENT STRATEGY OF THE REPUBLIC OF SERBIA FOR THE PERIOD TO 2025 YEAR WITH PROJECTIONS TO 2030, THE YEAR OF THE PERIOD 2017 TO 2023 YEAR 1. This regulation establishes the program for implementation of Energy Sector Development Strategy of the Republic of Serbia until 2025 for the period from 2017 to 2023 year , which is attached hereto as its integral part . 2. This Regulation shall enter into force on the eighth day of its publication in the " Official Gazette of the Republic of Serbia " . 05 No: In Belgrade, The Goverment President 1. INTRODUCTION On the basis of the Energy Law ("Official Gazette of the Republic of Serbia", no. 145/2014) energy policy of the Republic of Serbia shall be determined by the Energy Development Strategy of the Republic of Serbia until 2025 with projections to 2030 ("Official Gazette of the Republic of Serbia", no. 101/2015) (hereinafter referred to as Energy Strategy), and the conditions, manner, dynamics and measures to achieve the Energy Strategy defines the Strategy Implementation Program (hereinafter referred to as Program). The annual demand for energy sources, which is necessary to provide the reliable, secure and quality supply to final customers, sources for the provision of the necessary amount of energy or energy sources, as well as the required level of stock and spare capacity of facilities for the secure supply of energy and energy are all determined by the Energy Balance of the Republic of Serbia (hereinafter referred to as Energy Balance). -
Transport and Logistics in Croatia Flanders Investment & Trade Market Survey
TRANSPORT AND LOGISTICS IN CROATIA FLANDERS INVESTMENT & TRADE MARKET SURVEY TRANSPORT AND LOGISTICS IN CROATIA September 2016 Yazmin Valleyo Sarmiento, Ivan Vandija, Marija Grsetic Table of Contents Executive Summary ..................................................................................................................................................................................... 2 CROATIA OVERVIEW .................................................................................................................................................................................... 6 Economic Profile ................................................................................................................................................................................... 7 Economic Environment Overview ............................................................................................................................................ 11 Croatian Economic Environment SWOT Analysis ......................................................................................................... 12 Croatia SWOT ........................................................................................................................................................................................ 13 CROATIAN TRANSPORT SECTOR ....................................................................................................................................................14 Introduction to the Transport Sector in Croatia .........................................................................................................