Bosnia and Herzegovina: Exceeded planned coal production at RiTE Ugljevik

25. November 2020. / SEE Energy News

In the first nine months of 2020, coal production of coalmine and thermal power plant (RiTE) Ugljevik amounted to 1,464,562 tons, which is 16 % more than planned for the period (1,264,110 tons).

In the same period, a total of 7,911,000 cubic meters of overburden was excavated, which is 98 % of the planned amount (8,100,000 cubic meters).

RiTE Ugljevik recorded a net loss in the amount of 5.6 million euros in the first nine months of 2020, compared to a loss of around 450,000 euros in the same period last year. The company’s revenues in the first nine months of the year fell by 5 % compared to the same period in 2019 and amounted to 49.7 million euros. Total expenditures rose by 1.8 % to 53 million euros. In late 2019, the newly installed flue gas desulfurization facility at coal-fired thermal power plant Ugljevik, a project worth some 80 million euros, has entered trial operation. The facility was officially put into operation in October.

 

 

 

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