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?
NGOs demand transparency in negotiations over Plomin C coal project in Croatia
March 5, 2015
Croatian electricity company HEP on Monday announced that it had signed an exclusivity agreement to conduct further negotiations with Japan’s Marubeni – a company which has been implicated in several corruption scandals.
Croatians say no to coal in referendum
January 26, 2015
Zagreb – Inhabitants of the city of Ploče on the Croatian coast overwhelmingly rejected a plan to build an 800 MW coal plant in their town in a referendum taking place over the weekend. The vote raises questions about the acceptability of other coal projects planned in the country, including the controversial Plomin C.
Marubeni, hands off Plomin!
October 28, 2014
As Marubeni executive Hiroshi Tachigami attended today’s Energy Market Conference in Zagreb this morning, Greenpeace activists hung a banner from the Vatroslav Lisinski concert hall in Zagreb, advising Marubeni to keep its hands off the Plomin C coal power plant project.
Marubeni and Alstom’s corruption records cast new doubts on Croatian coal project, warns new analysis
October 2, 2014
Zagreb — Japan’s Marubeni Corporation and France’s Alstom – who have together been chosen as the preferred bidding consortium for the Plomin C* coal power plant project in Croatia – have a poor integrity record including several convictions for corruption offences which should raise alarm bells and increase vigilance among the Croatian public and potential financiers of the project, according to a new paper by CEE Bankwatch Network, published today.
Extra caution needed for Plomin C coal power plant project due to heightened corruption risks
October 2, 2014
The consortium that has been chosen as the preferred bidder for the controversial Plomin C 500 MW coal power plant project in Croatia consists of the two companies Marubeni and Alstom. Both have been involved in corruption scandals recently that led to sanctions from financing institutions. This briefing offers details on these cases.