After Slovenia’s Sostanj coal power plant debacle, is any bank going to finance Croatia’s Plomin C?
June 12, 2015
Slovenia’s newly built Sostanj 6 is expected to generate losses of around EUR 200 million over the next 3-4 years. Given that Croatia’s Plomin C project shares some of Sostanj 6’s features could Croatia be about to repeat its neighbour’s mistakes?
Illegal coal subsidies could cost south-east European countries dearly, warns new study
June 8, 2015
Prague – New investments in coal mines and power plants could cost the Western Balkans and Ukraine dearly if they fail to take into account binding rules on subsidies (State aid), according to a new briefing released today by CEE Bankwatch Network.
Risks for coal and electricity investments in the Western Balkans, Ukraine and Moldova due to state-aid rules
June 8, 2015
By signing the Energy Community Treaty in 2005, countries in the Western Balkans, Ukraine and Moldova agreed that the European Union’s competition rules are to be applied also within their territory. A number of energy sector investments are being planned that may not so far have taken adequate account of State aid rules. This briefing therefore provides a summary to draw attention to relevant requirements of EU law and highlight the risks of failure to take them into account when planning investments. The account when planning investments.
Ugalj bi mogao skupo koštati Balkan
June 8, 2015
Investicije u rudnike uglja i termoelektrane mogle bi skupo koštati države zapadnog Balkana i Ukrajinu, ako i dalje budu dodeljivane subvencije za te projekte. To je pokazala studija koju je danas objavila mreža CEE Bankwatch Network. Preferencijalni krediti i garancije za te projekte striktno su definisana pravilima iz Sporazuma o Energetskoj zajednici, koji je stupio na snagu 2006. a države potpisnice i dalje planiraju nove termoelektrane na ugalj i rudnike bez obraćanja pažnje na rizike te državne pomoći, navodi se u saopštenju Centra za ekologiju i održivi razvoj (CEKOR).
Balkan coal rush risks lasting damage, campaigners warn
May 19, 2015
Balkan countries and Ukraine are making “substantial investments” in polluting coal power stations to sell cheap electricity to the European Union, as the bloc searches for new suppliers to reduce its dependence on Russian gas. EU officials appear reluctant to use energy negotiations next month, or trade law, to force higher air pollution and environmental standards, despite the risks the rush poses to EU climate change and enlargement policies, and to finances and public health in the Balkans.
Where will all that power go? New study assesses extravagant energy ambitions in the western Balkans
May 14, 2015
Western Balkan countries have ambitious plans to increase their electricity generation over the next years. But what will happen if they all become a regional energy hub? Will there be a demand for all the available electricity?
EBRD digs in deeper with Serbian coal king
May 14, 2015
Earlier this year, Serbian media reported that the EBRD was considering providing a new EUR 200 million loan for the financial restructuring of the state-owned electric utility power company of Serbia, EPS. The EBRD Director for Serbia, Mateo Patrone, was quoted by B92.net saying that the loan is aimed at helping the financial restructuring of EPS. Meanwhile, the EBRD’s country strategy for Serbia, approved by its board of directors last April, highlights the bank’s “key role in promoting energy efficiency and renewable energy” for the country.
Analysis of Ukraine’s draft national emissions reduction plan
April 26, 2015
The assessment below covers the hard coal fired Large Combustion Plants exceeding 300MWth included in the draft national emissions reduction plan submitted by Ukraine at the 36th Permanent High Level Group meeting of the Energy Community in Vienna.
Unpaid coal bill: Romanian coal exports to Serbia marred by corruption
April 21, 2015
A dodgy deal to export coal from Romania to Serbia has left the Romanian state-owned coal supplier with a potential seven million euros write-off.
94 percent against new coal power plant in Croatian local referendum
March 30, 2015
Labin, Croatia – 94 percent of voters have today rejected the proposed new 500 MW Plomin C coal power plant [1] in a local referendum in Croatia. Residents of five districts of Istria County answered a resounding ‘No’ to the question “Are you in favour of building the Plomin C power plant to run on coal?”