Small shareholders protest price cap on lignite from Šoštanj’s mine
February 6, 2013
With the dubious economics of the Šoštanj 6 lignite power plant depending partly on keeping the price of lignite low, small shareholders who would have to forego their profits are not thrilled at the prospect.
Anti-coal campaign in Kosovo puts focus on health
February 4, 2013
A campaign against a new lignite power plant in Kosovo uses World Bank figures to highlight the health damage resulting from pollution.
Members of European Parliament call on EIB not to finance Slovene lignite power plant
January 31, 2013
In an unambiguous letter Members of the European Parliament have reminded the European Investment Bank of the economic and environmental risks that the Šoštanj lignite power plant project poses for Europe and Slovenia.
Kolubara “mired in crime and corruption”
January 30, 2013
Those were the words of Serbian Energy Minister Zorana Mihajlović, speaking last week in a press conference during which she announced that a thorough investigation is ongoing into corrupt practices by the management of the Kolubara mining complex.
Off on the wrong foot in Kosovo? A lignite power plant and the EBRD
January 25, 2013
Notwithstanding the dominance of lignite in Kosovo’s energy mix, the European Bank for Reconstruction and Development may get involved with yet another lignite project in the Western Balkans.
The EIB’s energy lending in the spotlight
January 14, 2013
The European Investment Bank has opened a review of its energy policy and called for the public’s views on the key future challenges for the bank’s operations. The lending figures to the energy sector until 2011 show that the policy must better guide the EIB’s lending towards EU policy objectives of de-carbonisation of the energy sector.
The newest EBRD member, Kosovo, does not need new coal
December 22, 2012
Pristina – As Kosovo becomes the newest member of the European Bank for Reconstruction and Development today, civil society groups in the country tell the bank that it should exclude from the start any investments in coal and that it could have an enormous positive impact by supporting energy efficiency measures.
No excuses for the EIB to finance Sostanj
December 21, 2012
Ljubljana — The Slovenian parliament has ratified today – in an extraordinary session, right before the start of the Christmas holidays – the state guarantee contract between the European Investment Bank and the Slovenian government for a 440 million euros loan for the construction of a new coal unit at Sostanj.
Plomin coal power plant, Croatia
December 18, 2012
CANCELLED: after five years of campaigning, plans for Plomin C were dropped in 2016. Croatian plans to more than double the capacity of the Plomin coal power plant would have resulted in increased carbon-emissions for several decades. The project’s profitability was questionable and the plans were facing local opposition and conflicting regional legislation.
Financial alchemy in Slovenia’s energy sector still results in lignite, not gold
December 11, 2012
Even with the latest investment plan for unit 6 at the Sostanj lignite power plant (TES 6), the project’s economics are (surprise, surprise) still distinctly shaky as an independent analysis shows. Nonetheless, the project looks ever more likely to get a state guarantee from the Slovene government.
