Category: Natural resources

Natural resources
Money for Sun

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.

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Natural resources
Pollution Chokes the Polluter

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.

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Natural resources
High Voltage Business

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.

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Natural resources
Legal Battle for Stanari Land

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.

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Natural resources
Public Property for Chinese Loan

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.

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Natural resources
Government Surgery for EFT’s Business Success

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.

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