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
