ELEM activates EUR 5.6 million in guarantees from Slovenia’s Riko
The bank guarantees provided by Slovenia’s Riko worth EUR 5.6 million were activated, state-owned power producer ELEM said on April 9. The foreign company failed to meet obligations in the former Yugoslav republic on the construction of a 36.4 MW hydropower plant (HPP), said ELEM, operator of the facility. St. Petka HPP was officially delivered […]