Croatian electricity company HEP on Monday announced that it had signed an exclusivity agreement to conduct further negotiations with Japan's Marubeni - a company which has been implicated in several corruption scandals.
Montenegro's government is pushing hard for the construction of a new unit at the Pljevlja lignite-fired power plant. NGOs are encouraging the major shareholder company to not give in to this pressure, writes Jelena Marojević Galić from Green Home.
In a file launched by Bankwatch in 2014, a Romanian court annulled [ro] 27 deforestation permits last week, preventing 22 hectares of forest in the country’s south-west to be cut for the expansion of an open-pit coal mine.
Corruption cases continue to haunt Serbia’s coal sector as a new round of arrests last week has shown. They also illustrate how the dependence on coal creates vulnerabilities for Serbia’s energy sector and potentially its financiers, in particular in the aftermath of last year’s floods.
A report being presented today analyses the process with which 7000 are to be resettled for the Kosovo lignite mine and concludes that the World Bank-financed process does not comply with the bank's own standards and is plagued by a slew of other weaknesses.
Bucharest -- The European Bank for Reconstruction and Development (EBRD) confirmed this week that it has suspended plans to finance the refurbishment of the Turceni coal power plant in Romania. The project is currently subject to a number of legal challenges on environmental grounds and Romanian authorities are investigating allegations of corruption at the plant.
Zagreb – Inhabitants of the city of Ploče on the Croatian coast overwhelmingly rejected a plan to build an 800 MW coal plant in their town in a referendum taking place over the weekend. The vote raises questions about the acceptability of other coal projects planned in the country, including the controversial Plomin C.
Protests against a new Kronospan formaldehyde plant in the Romanian town of Sebes continue into their third week. Their history dates more than ten years back when the company came to modernise the local plant with financing from the European Bank for Reconstruction and Development. The ongoing demands for breathable air cast a shadow over the EBRD’s promises of sustainable development and transition.
The Serbian parliament will on Monday vote on the ratification of a USD 608 million loan agreement from the China ExIm Bank for the construction of the 350 MW Kostolac B3 lignite power plant by Chinese company CMEC.
Serbia's latest addition to its huge debt burden is being presented as a great success, but a new lignite plant is more likely to end up as a weight around our necks as we move towards the EU and apply EU climate policies.
It is not easy to find anywhere in Europe as much determination as in Poland for building new coal. The only place to find a similar coal enthusiasm is at the door step of Europe, in the Balkans, looking set to be fuelled by Chinese money. But even there the future of coal is shaky.