The agreement on the transfer of rights to concession for exploitation of coal at the "Ugljevik East 2" deposit was signed today in Ugljevik, transferring the concession from the company "Comsar Energy Republika Srpska" to the subsidiary "Rudnik i termoelektrana Ugljevik“, a.d. Ugljevik (engl. 'Mine and Thermal Power Plant' Ugljevik).

The agreement was signed by the Minister of Energy and Mining of the Republic of Srpska, Petar Đokić on behalf of the Government of the Republic of Srpska, the representative of the company "Comsar Energy Republika Srpska" Aleksandar Lozo and the director of RiTE "Ugljevik" Žarko Novaković.

The signing of the contract was preceded by a decision of the Government of the Republic of Srpska which issued consent to the transfer of the concession contract from the previous concessionaire "Comsar Energy Republika Srpska" d.o.o. Banja Luka to the Mixed Holding  “Power Utility of the Republic of Srpska" - Parent Company a.d. Trebinje, i.e. its subsidiary "Rudnik i Termoelektrana Ugljevik" a.d. Ugljevik.

As previously announced by RiTE "Ugljevik", this contract represents a significant step towards ensuring long-term stability and uninterrupted operation of the mine and thermal power plant. The concession field "Ugljevik East 2" provides sufficient quantities of coal for the operation of the thermal power plant for the next 20 years.​