EIB blogs

With the dubious economics of the Šoštanj 6 lignite power plant depending partly on keeping the price of lignite low, small shareholders who would have to forego their profits are not thrilled at the prospect.

Alstom, the constructor for the Sostanj lignite power plant might just be the worst company of the year. You can vote for Alstom in the Public Eye Awards until January 23.

A $3.7 billion PPP oil refinery expansion in Cairo is accompanied by contradictory project documents, making a mockery of claims by the public banks involved to be committed to “good governance” or democracy. Despite being presented as merely translations of one document, the Arabic and English “versions” are entirely different – with the Arabic markedly cursory and superficial.

November is shaping up to be crunch time for a new 600 MW lignite plant planned to be built at Sostanj in Slovenia. If the Slovenian government doesn’t manage to offer a state guarantee for loans from European public banks that should cover half the construction costs by the end of this month, the project could fail. At Bankwatch, we’re preparing our popcorn for the latest Sostanj thriller, on show across Europe this month.