Croatia: Geothermal project halted after investor bankruptcy and license revocation

The Slatina 3 geothermal drilling project in Croatia has been abandoned following the bankruptcy of EES Dravacel, the company holding the exploration license. The project, backed by British firm Cindrigo, collapsed despite an investment of around 4 million euros, due to a lack of a viable business plan and financial instability. Verko Kutleša, the bankruptcy […]

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