The largest electricity producer in the Republic of Srpska (RS), the coalmine and thermal power plant RiTE Ugljevik, recorded a loss of 13.8 million euros in the first half of 2025, increasing its total accumulated loss to 91.5 million euros.
According to the interim financial statement, total revenues for the period reached 34.3 million euros, slightly below the 34.8 million euros reported in the same period last year. Total expenses dropped from 49 million euros to 48 million euros in the first six months of 2025. Due to production constraints, RiTE Ugljevik relied on purchasing electricity from the market to meet its supply obligations. This led to a significant change in the plant’s supply mix compared to the first half of the previous year.
A third of the plant’s electricity output is delivered to Slovenia under long-standing agreements based on Slovenia’s pre-war investments in the facility. These deliveries are made at prices below current market levels. Additionally, RiTE Ugljevik is required to settle a 190 million euro debt with Slovenia, as determined by an arbitration ruling.
RiTE Ugljevik and RiTE Gacko are the backbone of the Republic of Srpska’s electricity system. This year, both plants experienced a rare simultaneous downtime due to scheduled overhauls. Thermal power plant Gacko resumed operations this morning after completing its major overhaul ahead of schedule. The overhaul cost approximately 10.2 million euros.
