March 19, 2015
The Western Balkans countries have strong electricity export ambitions that create the danger of stranded assets, finds a new report launched by CEE Bankwatch Network today. If governments take electricity expansion decisions without taking due account of developments in other countries, the region will have to compete with other nearby exporters and may find that its power plants become uneconomic.
March 19, 2015
Today we’ve published a new report analysing future energy trends in countries of the western Balkans. From a robust dataset we researched together with the University of Groningen and the consultancy ‘The Advisory House’, we’ve pulled out a couple of illustrations.
Stranded assets in the Western Balkans – report on the long-term economic viability of new export capacities
March 19, 2015
Country chapters available for Albania, Bosnia and Herzegovina, Kosovo, Macedonia, Montenegro, Serbia. For other languages, see here. Analysing the estimated energy demand and production capacities in Western Balkan countries, this study shows that if countries realise their planned capacity expansions, the region will have a 56 per cent electricity surplus in 2024, led by Bosnia and Herzegovina and Serbia. Nearly all governments in the region aspire to become electricity exporters, but the study argues that if governments fail to take into account the regional perspective, they could end up with power plants becoming simply uneconomic to operate.
March 11, 2015
Planned new coal capacities will result in high additional costs for Energy Community countries. Transforming their energy sectors into efficient, sustainable renewables-based systems is not only possible but a cost-effective way forward.
[Campaign update] Kostolac B3 lignite plant loan agreement bypasses public debate and contains unacceptable conditions
January 16, 2015
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.
January 13, 2015
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.
October 6, 2014
Serbia’s state-owned utility Elektroprivreda Srbije is planning a new 350 MW lignite plant at Kostolac in the country’s north-east. In spite of high level support and Chinese financing, the project is plagued by concerns over pollution, State aid and legal challenges.
June 30, 2014
This report by the Belgrade-based Center for Research, Transparency and Accountability – CRTA shows that the Serbian government is supporting the Kostolac coal power plant and mines with loan guarantees and potentially VAT exemptions.