Overlooked carbon costs could turn Western Balkans’ new coal power plants into white elephants – analysis
March 29, 2017
A new Bankwatch analysis examining ten coal-fired power plant projects across the Western Balkans finds that, once the cost of carbon emissions allowances are factored in, they could become a serious liability for both the companies involved and the public. Moreover, only a few feasibility assessments for coal power plants in the region are publicly available, and most of those have failed to properly take carbon costs into account, the briefing authors note.
March 29, 2017
This briefing analyses ten coal-fired power plant projects across the Western Balkans and finds that, once the cost of carbon emissions allowances are factored in, they could become a serious liability for both the companies involved and the public.
[Campaign update] Impact Assessment of Serbian Kostolac B3 coal plant nullified, two investigative reports published
August 3, 2016
Two reports by the Serbian Center for Investigative Journalism take stock of the problems surrounding the planned Kostolac B3 lignite power plant, including a recent court decision that cancelled the project’s Environmental Impact Assessment.
Bosnia and Herzegovina signs deal for Tuzla 7 coal plant construction – but its economics are shrouded in mystery
May 4, 2016
In spite of an updated construction contract for a new unit at the Tuzla coal-fired power plant, the project’s economic feasibility remains a puzzle with missing pieces.
March 4, 2016
Tens of questions remain unanswered about costs related to a new unit at the Pljevlja lignite power plant in Montenegro.
March 3, 2016
Responding to the lack of official economic data for Croatia’s Plomin C coal project, a new analysis finds that the project is highly risky.
Guest post: New report shows that New Kosovo Power Plant would worsen poverty and cripple a fragile economy
January 12, 2016
No-one will ‘freeze to death’ if the planned lignite-fired power plant in Kosovo does not receive support from multilateral development banks, but if it does, low-income households may well end up choosing between electricity and food. How can an institution, whose very mission is to end poverty, justify this project?
[Campaign update] Romanian government support for controversial power plant project to be made public, EBRD loan cancelled
September 9, 2015
Bankwatch’s Romanian chapter has been granted access to environmental information included in a letter sent by Romania’s Ministry of Economy in support of a loan from the Euoprean Bank for Reconstruction and Development (EBRD) to Oltenia Energy Complex (OEC), Bucharest’s administrative court ruled yesterday. The letter will shed light on the nature and extent of the government’s support for the project, and whether it was in line with EU regulations.
August 27, 2015
The Energy Union must find ways to prevent state support for the production of fossil fuel energy by the European Union’s immediate neighbours. The EU cannot afford to have newly acceding members holding up progress towards the new 2030 climate goals or watering down future policy making.
July 2, 2014
A new report by the Belgrade-based NGO CRTA shows that the Serbian government is supporting the Kostolac coal power plant and mines with loan guarantees and potentially VAT exemptions. Propping up the already dominant coal sector, however, will likely further increase Serbia’s vulnerability to extreme weather events. Increasing Serbia’s energy efficiency and renewables generation would be the wiser choice.