Plomin

Paris, France - Today's publication of new criteria for coal-fired power plant financing by French bank Crédit Agricole suggests that the bank will not be able to finance the controversial €800 million Plomin C coal power plant in Croatia, believe campaign groups. The policy now rules out finance for coal power plants in high-income countries, which includes Croatia.

French bank Crédit Agricole's support for a proposed major new coal plant project in Croatia is inconsistent with the bank's climate ambitions and its own sector policy on coal-fired power plants, according to a new study released today. The analysis, by Friends of the Earth France and Croatia, Zelena Istra, CEE Bankwatch Network and BankTrack, screens the risks of the 500 megawatt Plomin C project proposed for development in the picturesque Istrian peninsula, a popular international tourist destination.

Labin, Croatia – 94 percent of voters have today rejected the proposed new 500 MW Plomin C coal power plant [1] in a local referendum in Croatia. Residents of five districts of Istria County answered a resounding 'No' to the question "Are you in favour of building the Plomin C power plant to run on coal?"

Zagreb, 05.05.2014 - A planned long-term power purchase agreement in which Croatian electricity company HEP will commit to buying at least 50% of electricity from the planned Plomin C power plant for 20-30 years will most likely be illegal under EU state aid rules, according to a new legal analysis by Hungary's Environmental Management and Law Association (EMLA).