Complaint to European Commission: Inadequate assessment of CCS readiness for Sostanj lignite power plant project
October 3, 2011
Download the complaint as pdf
The EBRD and coal. Dirty business unnoticed.
October 3, 2011
Despite numerous international calls for the discontinuation of public support for fossil fuels in the face of climate change, the EBRD continues to finance the dirtiest among them, coal. What is more, the bank plans to expand its activities in this field. CEE Bankwatch Network urges the EBRD to phase out any support for coal industry making it more competitive and disadvantaging sustainable energy.
Investment plan for Sostanj lignite power plant TES6 (version 4, unofficial translation)
August 4, 2011
The new version of the investment programme for a new unit at the Sostanj lignite power plant was prepared by the project promoter after the Slovene government expressed doubts over the economic viability of the investment. All the three previous versions of the document were hidden from the public eye.
18 000 ask Slovenia to adopt clean energy. EBRD and EIB, take a hint.
July 5, 2011
18 000 people from around the world have asked the Slovene government to adopt a future proof National Energy Plan that doesn’t rely on fossil fuels or nuclear energy. Bankwatch research coordinator Pippa Gallop took part in handing over the list of signatories yesterday and points out that European public banks also need to take the message seriously.
Police investigates irregularities at TES 6 in Slovenia
June 8, 2011
Ljubljana, Slovenia — The Slovenian police confirmed June 7 that it was looking into allegations of mismanagement at coal plant Sostanj, including serious questions over the building of new lignite block TES 6.
EBRD and Sostanj Unit 6 – serious questions about EBRD project appraisal
May 15, 2011
In 2010, the EBRD approved a EUR 100 million loan for the Sostanj lignite power plant unit 6 (TES 6) project with a further EUR 100 million syndicated to commercial banks. A recent report on the management of the project has important implications for the EBRD’s involvement and raises questions about the project appraisal process that led the EBRD to approve the project.
Slovenian government drops support for Sostanj coal plant; European public banks must follow suit
May 5, 2011
Ljubljana, Slovenia — CEE Bankwatch Network and Slovene NGO FOCUS are calling on the European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD) to review their plans to provide 650 million euros in loans for the controversial 600 MW TES 6 block at Slovenian lignite plant Sostanj.
Letter: EBRD and EIB should review involvement in Sostanj due to serious shortcomings in the project’s management
May 4, 2011
On April 14 2011 the Minister of Economy of Slovenia, presented a report on the management of the Sostanj TES 6 project to the Government of Slovenia. In the report many shortcomings of the project are highlighted, which led the Government to state that it will only support a state guarantee for the EIB loan amounting to EUR 440 million if the economic efficiency of the project can be improved.
Sostanj lignite thermal power plant unit 6, Slovenia
March 31, 2011
In 2016 a new 600 MW unit at the Šoštanj lignite power plant (TEŠ6) started commercial operations. It has turned out to be a financial disaster. Slovenia’s official coal exit date is 2033, but the plant will likely close much earlier.
Complaint regarding the EIB loan to Sostanj lignite power plant TES6
February 28, 2011
The complaint, filed with the European Investment Bank by Focus Association for Sustainable Development (SI) calls on the bank to withdraw its approval for the project. The complaint addresses the following aspects: premature disbursement of funds failure to assess the project’s compatibility with the 2050 climate targets misleading claims that TEŠ 6 is only a replacement and not an expansion missing clear governmental support to the project
