Azerbaijan and EU strengthen...

Azerbaijan and the European Union have expressed their readiness to strengthen cooperation in...

Ukraine receives second U.S....

Ukraine has received its second shipment of liquefied natural gas from the United...

Romania: EIB invests 30...

The European Investment Bank (EIB) is allocating up to 30 million euros to...

Montenegro: EPCG announces tender...

Montenegrin state-owned power utility EPCG has launched a tender for the procurement of...
Supported byClarion Energy banner
HomeSEE Energy NewsBosnia and Herzegovina:...

Bosnia and Herzegovina: A profit of RiTE Gacko in 2020

Last year coalmine and thermal power plant (RiTE) Gacko, operated by power utility ERS, recorded a net profit in the amount of some 660,000 euros, compared to a net loss of almost 7 million euros in the previous year. The company’s revenues increased by 13.6 % year -on-year to 65.3 million euros in 2020, while expenses fell by 1.6 % to 64.6 million euros. In its three-year business plan, RiTE Gacko envisaged losses in the amount of 6.8 million euros in 2019 and around 300,000 euros in both 2020 and 2021. Planned investments for the three -year period amount to 121.5 million euros which should be primarily financed through loans.

 

Supported byOwner's Engineer banner

Recent News

Supported byspot_img
Supported byspot_img

Latest News

Supported byspot_img
Supported bySEE Energy News

Related News

Azerbaijan and EU strengthen energy cooperation through gas and renewables expansion

Azerbaijan and the European Union have expressed their readiness to strengthen cooperation in the supply of natural gas and renewable energy, according to a statement from Azerbaijan’s Ministry of Energy. The first meeting of the working group established between Slovakia...

Ukraine receives second U.S. LNG shipment amid efforts to reduce Russian energy dependence

Ukraine has received its second shipment of liquefied natural gas from the United States, reinforcing its commitment to reducing reliance on Russian fossil fuels. According to the Financial Times, the shipment was procured by DTEK, Ukraine’s largest private energy...

Romania: EIB invests 30 million euros in Pestera II wind farm to boost renewable energy and energy security

The European Investment Bank (EIB) is allocating up to 30 million euros to support a major wind energy project in Romania, reinforcing the country’s transition to renewable energy and bolstering its energy independence. This investment will help develop a...
Supported bySEE Mining News
error: Content is protected !!