Tag: Ugljevik

RiTE Ugljevik turned to loss in Q1 2019 – Bosnia and Herzegovina, 30 April 2019

Coalmine and thermal power plant (RiTE) Ugljevik recorded a net loss in the amount of some 315,000 euros in the first quarter of 2019, compared to a net profit of over 1.3 million euros in the same period last year. The company’s revenues in the first three months of the year amounted to 16.7 mil […]

Modernization of TPP Ugljevik to increase its electricity production cost – Bosnia and Herzegovina, 15 March 2019

Project manager for the installation of desulfurization system at thermal power plant Ugljevik, Zoran Malovic said the installation of this system will be completed by the end of the year, but it will also increase the cost of electricity production of the plant by some 12 %. The installation Full article available for subscribers of […]

ICSID to decide on TPP Ugljevik arbitration by the end of March – Bosnia and Herzegovina, 11 February 2019

The International Center for Settlement of Investment Disputes (ICSID) in Washington will decide by the end of March whether it is competent to rule on the arbitration against Bosnia and Herzegovina (BiH) and coalmine and thermal power plant (RiTE) Ugljevik, operated by power utility ERS, filed by S Full article available for subscribers of Energy […]