The study explains why the Southern Gas Corridor, the EU’s new pet energy project, is not only unnecessary in light of gas demand projections, but also seems likely to fall short on the much flaunted goal of bringing energy independence from Russia.
Brussels – The Southern Gas Corridor, the EU’s new pet energy project, is not only unnecessary in light of gas demand projections, but also seems likely to fall short on the much flaunted goal of bringing energy independence from Russia, according to a new NGO study “Pipe Dreams” published today.
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.
Bosnia and Herzegovina NGO Ekotim has filed a lawsuit against the Federal Ministry of Environment and Tourism in relation to an addendum to the environmental permit for the planned 300 MW Banovici lignite power plant near Tuzla.
As you're gearing up for the festive season, spare a thought for the long-suffering folks in Pljevlja, Montenegro, and Zenica in Bosnia and Herzegovina, who are fighting against serious pollution of air soil, and water.
Despite the Russian invasion in Ukraine leading to EU and US sanctions against Moscow and major Russian energy companies, public banks supported by EU countries are gearing up to offer almost a billion dollars in financial support to Russian company Lukoil for gas extraction in Azerbaijan.
Belgrade/Banja Luka/Sarajevo, 16 December 2014: As the third annual summit of Chinese and Central and Eastern European leaders gets underway today in Belgrade, problems are mounting for the lignite projects planned in the Balkan region. Today alone, an official complaint has been submitted to the Energy Community Secretariat on the planned 600 MW Ugljevik III lignite power plant in Bosnia and Herzegovina, and a new analysis has been published showing that the planned 450 MW Tuzla 7 lignite plant – also in Bosnia and Herzegovina – is likely to be economically unviable.
In the Republika Srpska entity of Bosnia and Herzegovina, approximately 150 km east of Banja Luka, Comsar Energy Republika Srpska (CERS) is planning to build the 2x300 MW Ugljevik 3 lignite fired power plant. This complaint outlines aspects of the Energy Community law that the plant would breach if constructed.