Marubeni

After Slovenia's Sostanj coal power plant debacle, is any bank going to finance Croatia's Plomin C?

Slovenia's newly built Sostanj 6 is expected to generate losses of around EUR 200 million over the next 3-4 years. Given that Croatia's Plomin C project shares some of Sostanj 6's features could Croatia be about to repeat its neighbour's mistakes?

Tags: coal Crédit Agricole financial risk Marubeni Plomin C Sostanj stranded assets Balkans EU

Institution: Commercial banks, EIB

Theme: Energy & climate, Social & economic impacts

NGOs demand transparency in negotiations over Plomin C coal project in Croatia

Croatian electricity company HEP on Monday announced that it had signed an exclusivity agreement to conduct further negotiations with Japan's Marubeni - a company which has been implicated in several corruption scandals.

Tags: Balkans coal Marubeni Plomin C Balkans EU

Theme: Transport, Development

Croatians say no to coal in referendum

January 26, 2015

Zagreb – Inhabitants of the city of Ploče on the Croatian coast overwhelmingly rejected a plan to build an 800 MW coal plant in their town in a referendum taking place over the weekend. The vote raises questions about the acceptability of other coal projects planned in the country, including the controversial Plomin C.

Theme: Energy & climate, Development

Tags: Alstom, coal, HEP, Marubeni, Plomin C, referendum, Balkans, EU

Marubeni, hands off Plomin!

As Marubeni executive Hiroshi Tachigami attended today's Energy Market Conference in Zagreb this morning, Greenpeace activists hung a banner from the Vatroslav Lisinski concert hall in Zagreb, advising Marubeni to keep its hands off the Plomin C coal power plant project.

Tags: Alstom coal Marubeni Plomin C protest Balkans

Theme: Energy & climate

Marubeni and Alstom's corruption records cast new doubts on Croatian coal project, warns new analysis

October 2, 2014

Zagreb -- Japan's Marubeni Corporation and France's Alstom - who have together been chosen as the preferred bidding consortium for the Plomin C* coal power plant project in Croatia – have a poor integrity record including several convictions for corruption offences which should raise alarm bells and increase vigilance among the Croatian public and potential financiers of the project, according to a new paper by CEE Bankwatch Network, published today.

Theme: Energy & climate

Tags: Alstom, Marubeni, Plomin C, Balkans

Extra caution needed for Plomin C coal power plant project due to heightened corruption risks

Briefing | October 2, 2014

The consortium that has been chosen as the preferred bidder for the controversial Plomin C 500 MW coal power plant project in Croatia consists of the two companies Marubeni and Alstom. Both have been involved in corruption scandals recently that led to sanctions from financing institutions. This briefing offers details on these cases.

Theme: Energy & climate, Social & economic impacts