RiTE Ugljevik

Region: Slovenia reduces interest claim against RiTE Ugljevik, paving way for settlement Read More »

Region: Slovenia reduces interest claim against RiTE Ugljevik, paving way for settlement

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 […]

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

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 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 faces major financial crisis over unpaid energy debt and potential arbitration Read More »

Bosnia and Herzegovina faces major financial crisis over unpaid energy debt and potential arbitration

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 »

Bosnia and Herzegovina: RiTE Ugljevik suffers loss, while RiTE Gacko recovers

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

Bosnia and Herzegovina: Simultaneous maintenance shutdowns at RS’s largest power plants to impact electricity supply Read More »

Bosnia and Herzegovina: Simultaneous maintenance shutdowns at RS’s largest power plants to impact electricity supply

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

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