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Bosnia and Herzegovina: Financial losses and operational challenges hit RiTE Ugljevik in first half of 2025

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...

Bosnia and Herzegovina: Five-company consortium wins €8.3 million contract for TPP Gacko cooling tower reconstruction

A consortium comprising four local firms and a recently established Hungarian company has secured an €8.3 million contract from RiTE Gacko, the coalmine and...

Bosnia and Herzegovina: RiTE Ugljevik reports €14.4 million loss in H1 2024

Coalmine and thermal power plant (RiTE) Ugljevik, a subsidiary of the state-owned power utility ERS, reported a loss of approximately 14.4 million euros in...

Bosnia and Herzegovina, RiTE Ugljevik recorded higher profit in 2022

Coalmine and thermal power plant (RiTE) Ugljevik recorded a net profit in the amount of some 290,000 euros in 2022, compared to a profit...

Bosnia and Herzegovina, RiTE Ugljevik recorded a net profit in the amount of around 5.5 million euros in the first nine months

Coalmine and thermal power plant (RiTE) Ugljevik recorded a net profit in the amount of around 5.5 million euros in the first nine months...

Bosnia and Herzegovina, RiTE Gacko has invited offers for a three-year loan in the amount of 1.28 million euros

Coalmine and thermal power plant (RiTE) Gacko, a subsidiary of state-owned power utility ERS, has invited offers for a three-year loan in the amount...

Latest news

SEE power prices jump as weekday demand returns, Serbia tops €300/MWh

Southeast European day-ahead electricity prices surged on Monday, October 19, as the return of weekday demand, weaker renewable generation forecasts and continued reliance on...

Greece unveils €200 million battery storage scheme as project pipeline grows

Greece is preparing a €200 million battery-storage support programme as the country seeks to accelerate the deployment of standalone batteries and renewable-linked storage. The...

Djerdap 3 pumped-storage: Bechtel-Enka qualifies as Serbia prepares planning

Serbia has advanced work on the proposed Djerdap 3 pumped-storage hydropower project, with a Bechtel-Enka consortium qualifying for the next stage of government negotiations....

Romania extends 25% diesel excise reduction until Oct. 31

Romania will keep a 25% reduction in diesel excise duty until Oct. 31, extending temporary relief for transport operators and other businesses. The decision...

R.Power completes 55-MW Lazuri solar plant in Romania; grid link by end-2026

Polish renewable-energy developer R.Power has finished construction of the 55-MW Lazuri solar plant in Romania’s Satu Mare county. Grid connection is expected before the...