Supported byClarion Energy
HomeSEE Energy NewsBosnia and Herzegovina:...

Bosnia and Herzegovina: RiTE Gacko’s future uncertain

The operation of coalmine and thermal power plant (RiTE) Gacko is increasingly uncertain and the survival of large number of jobs is at risk, warned the Confederation of Trade Unions of the Republic of Srpska (RS).

Last week, the management of RiTE Gacko informed its parent company ERS and RS Government that the further operation of this energy giant is endangered. The Confederation of Trade Unions claims that the policy pursued by ERS management, i.e. the restructuring of subsidiaries, is very bad and has led to a situation in which further operation of the two main electricity producers RiTE Gacko and RiTE Ugljevik is at risk. Zeljko Tepavcevic from the Confederation of Trade Unions said that ERS is currently in the process of restructuring. While this has been portrayed as something good, it has not led to improvement, but rather the opposite. All five electricity distribution companies have been put in a difficult financial situation and unable to do business. He pointed out that ERS paid 20 million euros less for the production of electricity for the period from June 2018 to December 2020, and that this contributed to the deteriorating position of coal-based electricity producers. The Unions asked the Government to provide the grant they promised at the beginning of the restructuring in the amount of 12.5 million euros per year for the next three years.

ERS management refuted the claims of the Confederation of Trade Unions, adding that, as electricity producer, RiTE Gacko has all conditions for normal operation.

 

Supported byClarion Owners Engineers
Supported byspot_img
Supported byspot_img

Latest News

Supported byspot_img
Supported bySEE Energy News

Related News

ERS unit seeks €11m capital boost for HE Bistrica hydropower project

Proposed recapitalisation and shareholder vote Hidroelektrane na Drini, part of Bosnia and Herzegovina’s Serb power utility ERS, is preparing another recapitalisation of the project company HE Bistrica. The latest proposal would convert around €11 million of short-term loans into permanent...

Hrgud 60-MW wind farm tender halted by complaint in Bosnia and Herzegovina

A formal complaint has stopped the latest procurement for the 60-MW Hrgud wind farm in Bosnia and Herzegovina, extending delays for one of Republika Srpska’s longest-running renewable-energy projects. The procurement cannot proceed on its original timetable until the objection...

Republika Srpska accelerates generation and gas projects after drought curbs output

Energy and Mining Minister Petar Djokic said electricity production in Republika Srpska can normally run about 35% above domestic demand. He added that the buffer narrowed during summer due to dry weather cutting hydropower output. The Ugljevik thermal power...
Supported byVirtu Energy