ContourGlobal urges Bulgaria to help coal plants for sake of energy security
CEO of ContourGlobal Maritsa East 3 Vassil Shtonov said Bulgaria needs to keep coal plants afloat until large gas power plants are built
US-based KKR set to take over ContourGlobal
US-based KKR is set to take over Bulgarian thermal power plant Maritsa East 3, as well as wind and solar capacities in Austria and Italy
Bulgaria named EU’s top SO2 polluter, accused of “persistent” breaches of limit values
Three environmental organizations have accused Bulgaria of systemically and persistently violating the European Union’s (EU) rules on SO2 emissions and permitting coal-fired power plants to emit far more than is allowed under EU law. Bulgaria is the top EU country for SO2 pollution, and the number 21 in the world overall, according to an analysis […]
ContourGlobal abandons Kosova e Re project, exits coal altogether
The foreign investor has faced a setback with regulatory hurdles and financing drying up for the planned lignite-fired thermal power unit. ContourGlobal told shareholders it wasn’t able to meet deadlines and that it is scrapping Kosova e Re as it exits the coal sector. The emphasis has shifted to clean technologies and there will be […]
Lluka: Case for TPP Kosova e Re to be presented in Vienna on January 17
Amid looming deadlines in the controversial project for the construction of a coal-fired power plant, Kosovo* is preparing for a hearing with the Secretariat of the Energy Community. The international body has challenged state aid to the Kosova e Re facility. The representatives of the government will present their case on January 17 in Vienna, […]
Energy Community challenges state aid to Kosova e Re
The Energy Community Secretariat said it has sent a so-called opening letter to Kosovo* with the intention to resolve the dispute regarding the backing for the project of a coal-fired power plant of 450 MW. The international institution claims the stimulus for Kosova e Re is “per se illegal state aid” as the authority responsible […]
Renewables, power storage are Kosovo’s* best choice: World Bank study
The most affordable strategy for the government in Prishtina would be to phase out coal-fueled power production, according to a previously unseen document that the United States–based Institute for Energy Economics and Financial Analysis or IEEFA has reviewed. The World Bank apparently concluded in August of last year that ContourGlobal Plc’s plan for to build […]
Kosova e Re power purchase agreement challenged at Energy Community
Kosovar and international non-governmental organizations have filed an official complaint to the Energy Community’s (EnC) dispute settlement mechanism, challenging the legality of the power purchase agreement (PPA) for the planned Kosova e Re coal power project, which is currently awaiting ratification by the Kosovo* parliament, Bankwatch has said on its website. The complaint was filed […]
