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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 markets 8/9 split as solar deepens midday lows while Italy keeps premium

Day-ahead electricity prices across Southeast Europe diverged sharply for delivery on Tuesday, September 8, as stronger solar supply compressed daytime values while Italy and...

Slovenia appoints GEN leadership ahead of Krško 2 nuclear project decisions

New executives at GEN energija and GEN-I Slovenia has appointed new leadership at state-owned GEN energija and electricity supplier and trader GEN-I, changing management at...

European gas rally lifts Bulgaria’s regulated September discount to €41.60/MWh

European benchmark gas prices moved above €74/MWh on Tuesday, widening the spread versus Bulgaria’s regulated September price of €41.60/MWh. The move highlights differences in...

EPCG completes major works on €26m Gvozd 2 wind expansion in Montenegro

Montenegro’s state power utility EPCG has completed most work on the second of three turbine foundations at its 21 MW Gvozd 2 wind project,...

Greece approves €2.3bn programme for island grids, renewables and storage

Greece has secured approval for a €2.3 billion programme aimed at decarbonising its islands, with Athens directing more than €2 billion towards electricity interconnections,...