Tag: Gacko

RiTE Gacko recorded net loss of 7 million euros in 2019 – Bosnia and Herzegovina, 06 March 2020

Coalmine and thermal power plant (RiTE) Gacko, operated by power utility ERS, recorded a net loss in the amount of almost 7 million euros in 2019 The company’s revenues dropped to 60 million euros in 2019 from 67.3 million euros in the previous year, while expenses rose to 67.1 million euros from Full article available […]

Unplanned outage of TPP Gacko – Bosnia and Herzegovina, 06 November 2019

Coal-fired thermal power plant Gacko, operated by Bosnian power utility ERS, has been taken offline in the morning hours of 6 November due to the occurrence of moisture in generators because of the heavy rain in the area. Executive Director for Electricity Production at TPP Gacko Djoko Milovic sa Full article available for subscribers of […]

Stable operation of RiTE Gacko is under threat – Bosnia and Herzegovina, 20 September 2019

According to the auditor’s report, the future operation of coalmine and thermal power plant (RiTE) Gacko is at risk because its short-term liabilities exceed current assets by more than 7.5 million euros and its survival depends on the financial support of the parent company – state-owned power util Full article available for subscribers of Energy […]