Coalmine and Thermal Power Plant (RiTE) Gacko reported a net profit of approximately 290,000 euros, a significant improvement compared to a loss of 11.8 million euros during the same period last year. The company’s total revenues in the first half of the year reached 45.8 million euros, reflecting an 11.5% increase year-on-year. Meanwhile, total expenses […]
In the first quarter of 2025, Coalmine and Thermal Power Plant (RiTE) Ugljevik reported a loss of approximately 2.71 million euros, marking a steep decline from the 1.84 million euro profit recorded in the same period last year. The company’s latest financial report reveals a sharp drop in revenue, which fell to 18.81 million euros
Bosnia and Herzegovina: RiTE Ugljevik suffers loss, while RiTE Gacko recovers Read More »
For the first time since their inception, the two largest electricity producers in the Republic of Srpska (RS)—the coal-fired thermal power plants Gacko and Ugljevik—will be out of operation simultaneously due to scheduled maintenance. These plants, which together generate over 65% of RS’s electricity, will be offline starting from May 24 at the earliest until
A consortium comprising four local firms and a recently established Hungarian company has secured an €8.3 million contract from RiTE Gacko, the coalmine and thermal power plant operator, for the reconstruction of its aging cooling tower. The winning group includes Bosnian companies Elnar, Projekt, GP Gradip, and Montig Energetika, alongside 3g Energy, a relatively unknown
RiTE Gacko, the coal mine and thermal power plant, has announced a series of tenders in preparation for a significant overhaul planned for this year. The tenders are aimed at selecting contractors for various critical projects at the facility. One of the tenders focuses on repairs to the piping system of the boiler plant, with
