The government is using fees built into electricity bills paid by citizens to buy power from solar power stations for 10 times the market price. The relevant ministry’s officials say that they do not know how such a high price for renewable energy was calculated in the first place.
Power plant in Ugljevik had to drastically decrease sulfur dioxide in its smoke, so it took out a 181 million KM loan for a desulfurization plant. The loan is coming due and the construction has not even begun.
Deals between the power utility companies in BiH and EFT have frequently been put under scrutiny, but that has not affected this power trader who will start producing power in BiH in two years.
Legal representatives of the minority stockholders of the joing-stock company Non-metal Mine Stanari have filed a lawsuit against EFT – Mine and Power Plant Stanari because of 267 hectares of land which was taken away without compensation. Under the ground lies lignite worth billions of KM.
Russian billionaire Rašid Sardarov has plans of producing electrical energy in BiH with the local coal and the power of the Lim River.
Chinese Development Bank Corporation has approved a €350 million loan for the construction of a power plant in Stanari. In exchange it received concession contracts over coal, water and the power plant while EFT – Mine and Power Plant in Stanari was mortgaged.
Stanari Lignite Mine has not been privatized, but divided in two parts. The newly incorporated EFT Group- Stanari Lignite Mine got valuable property, while the rest of the company was sent into bankruptcy.
A state-owned power plant in Ugljevik could end up without enough coal – the main fuel it uses to produce power.
Investors have announced the construction of several dozen wind power plants over the past few years, but none has actually begun operating.
Hidroelektrane of Bistrica is behind schedule building small hydropower stations on the Bistrica and Janjina rivers in East Bosnia and its Laktaši-based majority owner…
The government of Herzegovina-Neretva Canton has not been charging concession fees from private firms excavating stone and ore for years. At least 53 firms are exploiting natural resources in the canton, while only one is paying the fee.
The government of Una-Sana Canton has failed to collect concession fees even from the firms that have quarry concessions. Local politicians own some of the firms illegally extracting stone .
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