Japan’s Marubeni Corporation and France’s Alstom – who have together been chosen as the preferred bidding consortium for the Plomin C* coal power plant project in Croatia – have a poor integrity record including several convictions for corruption offences which should raise alarm bells and increase vigilance among the Croatian public and potential financiers of the project, according to a new paper by CEE Bankwatch Network, published today.
Ukraine’s energy sector faces unprecedented challenges, from a reliance on expensive fossil-fuel imports to inefficient infrastructure and markets. But rather than viewing this as a vulnerability, Ukraine’s energy sector is potentially a low-hanging fruit for reform, notes a new report from the NGO CEE Bankwatch Network.
SARAJEVO, July 2 (Reuters) - An over-reliance on coal and scant progress in diversifying energy sources will force Balkan nations to increase power imports to keep the lights on this winter and drag down their struggling economies, traders and experts say.
High-level corruption in the energy sector is seriously affecting countries in seven countries in South Eastern Europe, according to the study Winners and Losers: Who Benefits from High Level Corruption in the South East Europe Energy Sector?.