The Government of the Republic of Srpska (RS) is expected to make a final decision next week on transferring coal mining concession rights from Comsar Energy RS to RiTE Ugljevik, announced Energy and Mining Minister Petar Djokic. Minister Djokic stated that the cabinet has now been fully briefed on the steps already taken to facilitate […]
Bosnia and Herzegovina: Ugljevik coal mine and thermal power plant update Read More »
The Ugljevik coal mine and thermal power plant (RiTE Ugljevik) has not yet started extracting coal from the Ugljevik-Istok 2 deposit, as the company’s shareholders have not yet approved all required resolutions. According to RS Minister of Energy and Mining Petar Djokic, a shareholders’ assembly is scheduled for 16 December, where the company must formally
Coalmine and thermal power plant (RiTE) Ugljevik is set to borrow approximately €10 million, with the Government of the Republic of Srpska (RS) preparing to approve both the loan and its state guarantee. The facility plans to use the five-year loan primarily to refinance existing obligations, according to the latest government session. The loan decision
The largest electricity producer in the Republic of Srpska, coalmine and thermal power plant RiTE Ugljevik, reported a loss of 11.6 million euros in the first nine months of 2025, compared to a loss of 15.3 million euros during the same period last year. According to the company’s financial statement, total revenues for the reporting
Region: Slovenia reduces interest claim against RiTE Ugljevik, paving way for settlement Read More »
Minister of Energy and Mining of the Republic of Srpska (RS) Petar Djokic announced that Slovenia has reduced its interest claim against the coalmine and thermal power plant (RiTE) Ugljevik from 67 million euros to 37 million euros. He stated that negotiations are now centered on the number of installments and the repayment schedule, with
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,
Bosnia and Herzegovina (BiH) is facing a serious financial challenge following the missed payment deadline for a significant debt owed by the coal mine and thermal power plant (RiTE) Ugljevik to Slovenia’s electricity transmission operator, ELES. The outstanding amount currently totals 67 million euros. If this issue remains unresolved, it could lead to an international
Bosnia and Herzegovina: RiTE Ugljevik suffers loss, while RiTE Gacko recovers Read More »
In the first quarter of 2025, Coalmine and Thermal Power Plant (RiTE) Ugljevik reported a loss of approximately 2.71 million euros, marking a steep decline from the 1.84 million euro profit recorded in the same period last year. The company’s latest financial report reveals a sharp drop in revenue, which fell to 18.81 million euros
For the first time since their inception, the two largest electricity producers in the Republic of Srpska (RS)—the coal-fired thermal power plants Gacko and Ugljevik—will be out of operation simultaneously due to scheduled maintenance. These plants, which together generate over 65% of RS’s electricity, will be offline starting from May 24 at the earliest until
