Žurnal in English
CAN RITE UGLJEVIK SURVIVE: Capital Reduction as a Step Toward Privatization?
The situation at RiTE Ugljevik is alarming, not only because of significant financial losses and the burden of settling debts from arbitration rulings but also due to the deteriorating condition of the thermal power plant. A major overhaul of the plant should be conducted at least every five years, but the last overhaul of the 40-year-old Ugljevik plant was done in 2017. As we approach the end of 2024, the management of RiTE is considering postponing the next major overhaul until 2026!