CMEC

Two reports by the Serbian Center for Investigative Journalism take stock of the problems surrounding the planned Kostolac B3 lignite power plant, including a recent court decision that cancelled the project's Environmental Impact Assessment.

The Serbian parliament will on Monday vote on the ratification of a USD 608 million loan agreement from the China ExIm Bank for the construction of the 350 MW Kostolac B3 lignite power plant by Chinese company CMEC.

Serbia's latest addition to its huge debt burden is being presented as a great success, but a new lignite plant is more likely to end up as a weight around our necks as we move towards the EU and apply EU climate policies.

A new unit at the Kostolac coal-fired power plant in Serbia is the first coal project to be considered by the Espoo Convention Implementation Committee for transboundary impacts.