Tag: elem
Macedonia 11.12.24 | 23:12

Corruption scandal: detention orders against seven ELEM managers

The Skopje Criminal Court ordered eight of the three dozen defendants in the major corruption scandal involving the state owned ELEM/ESM energy company into a month long detention. This group includes former ELEM director Vasko Stefanov, who is suspected of allowing hugely overpriced purchases of oil...
Macedonia 11.12.24 | 00:24

Arrests of former directors of the ELEM energy company – they bought hugely overpriced additives costing the company millions

Police raids conducted this morning targeted over two dozen former officials of the ELEM/ESM state owned energy company and their accomplices. According to the Interior Ministry, the suspects, including two former directors of ELEM, caused over 6 million EUR in damages to the company with the purchase...
Economy 09.10.24 | 19:34

ESM: SDSM has no right to blame others for the problems of the energy sector

REK Bitola, Macedonia’s largest coal plant, closed down yesterday with all three of its generators put offline. The opposition SDSM party issued a statement condemning the recently appointed new management of the plant, prompting a scathing response from ESM/ELEM, the company that manages state...
Macedonia 04.08.24 | 16:48

Mickoski: Serious indications of crime and corruption in major public contracts

Prime Minister Hristijan Mickoski accused the previous Government of serious abuse of public funds and mismanagement of state ran enterprises. In the biggest such enterprise, the ELEM/ESM energy company, Mickoski said that one two year contract cost ELEM 40 million EUR. No normal or sane businessman...
Economy 20.12.23 | 19:20

ELEM workers will be given 20 to 30 thousand EUR to leave their jobs

Economy Minister Kresnik Bektesi announced that there will be layoffs at the ELEM/ESM energy company, including its major REK Bitola coal mine and power plant, that the Government wants to ultimately shut down as part of its green plans. REK Bitola generates the bulk of Macedonia’s energy. Bektesi...
Economy 16.09.23 | 21:40

Skopje: Heating prices will be known only after it’s clear whether the key gas plant is operational

The Regulatory Energy Commission (RKE) said that it will determine the price of heating in Skopje for the coming winter season only after it is clear whether the TE-TO plant and its delivery system is operational. The combined electricity-heating plant is supplied by Russian natural gas, whose supply...
Economy 22.08.23 | 19:10

Dimitrieska: The 100 million EUR credit line for ELEM will not go toward investments, but for operating costs and imported electricity

VMRO-DPMNE official Gordana Dimitrieska Kocoska accused the Government of inflicting a serious wound on the budget, with the latest 100 million EUR credit line for the ELEM/ESM state owned power company. The money will mainly go toward import of electricity from abroad, as domestic production faltered...
Economy 08.04.23 | 19:52

Public funds given for corrupt energy contracts were used to buy villas in the Aegean coast

Regarding the resignation of Vasko Kovacevski, head of the state owned ELEM/ESM power company ,VMRO-DPMNE President Hristijan Mickoski said that under his term the once profitable company had to be propped up with 200 million EUR from the budget just to keep the lights on. Only in 2022, the citizens,...
Macedonia 06.04.23 | 19:33

ELEM director Vasko Kovacevski resigns after a disastrous term running the state energy sector

Vasko Kovacevski, head of the huge and very troubled ELEM/ESM state owned energy producing company, resigned today. Kovacevski, during his term production in the company collapsed and the state was forced to bail ELEM out using direct transfers from the budget, said that he is resigning to spend more...
Economy 22.01.23 | 17:27

Open bid for gas suppliers for the capital Skopje

The state owned ELEM/ESM energy producing company is seeking offers from gas suppliers for February. The company switched from the Makpetrol company to the Bulgarian Balkan Utilities as the main supplier for the three heating plants that operate in the capital Skopje, and service the only warm water...
Economy 06.11.22 | 14:32

Mickoski: We blocked the energy loan because it was conditioned on closing down our key coal plants

VMRO-DPMNE President Hristijan Mickoski responded to Government attacks and clarified the position of the party, which blocked in the Parliament a loan of 100 million EUR from the European Bank for Reconstruction and Development, meant for the energy sector in Macedonia. Mickoski said that the conditions...
Economy 02.11.22 | 12:33

Energy crisis: Government sets aside 61 million EUR to prop up the troubled key producer

61 million EUR from the central budget were diverted to the loss making ELEM/ESM state owned energy company which produces the bulk of the electricity used in Macedonia. ELEM was caught unprepared during the winter of 2021, with collapsing domestic production due to corruption and mismanagement in its...
Macedonia 15.10.22 | 20:36

If we run out of natural gas, Skopje will be heated with diesel fuel

Vasko Kovacevski, head of the state owned ELEM – ESM company which took over the central heating system in the capital Skopje, said that if they run out of natural gas, they will switch to diesel fuel. The company now runs two major heating plants, in Skopje’s Karpos and Aerodrom districts,...
Macedonia 14.10.22 | 21:58

Despite major problems, heating season in the capital Skopje should begins tomorrow

The Energy Regulatory Commission announced that it has approved the state owned ELEM – ESM company to conduct heating in the capital Skopje. ELEM took over the troubled BEG heating monopoly – the only central heating company in Macedonia – that was unable to provide heating with the...
Macedonia 14.10.22 | 09:28

Energy crisis: More turmoil in the ELEM company

The troubled ELEM – ESM company, which is the key state owned energy producer in Macedonia, dismissed its director of sales after only a month and a half. Mirsad Crnovrsanin was appointed to the critical position despite strong criticism that he is completely unqualified, having worked as a small...
Economy 22.01.22 | 16:17

Energy crisis: ELEM temporarily takes over the BEG heating company

The state owned ELEM/ESM energy company formally took over BEG – the main heating company in Skopje. BEG faces bankruptcy with the soaring gas prices and the regulated price they can charge from the 60,000 households they are supplying in Skopje. After brief negotiations with the Government, it...
Economy 18.01.22 | 17:35

Energy crisis: ELEM takes over the Skopje heating companies on Friday

Economy Minister Kreshnik Bekteshi said that the state run ELEM/ESM energy company will take over management of the BEG and Skopje Sever heating companies on January 21st. These two companies, that supply tens of thousands of households in the capital Skopje with heated water during the winter, are facing...
Macedonia 26.12.21 | 22:56

ELEM awards coal mining deal to a Bitola based company under an emergency contracting procedure

The state owned ELEM/ESM energy company awarded a contract to the “Markovski” company to mine coal in its Bitola mine over the next year of 2022. The contract is worth 18 million EUR and the company is tasked with providing 1.45 million tons of coal. REK Bitola, Macedonia’s main electricity...
Economy 25.12.21 | 10:56

Struggling ELEM energy company plans to furlough non-essential workers

The state owned ELEM/ESM energy company ordered its different branches to prepare lists of non-essential employees who could be furloughed. According to the plan, the workers would continue to receive 70 percent of their salaries while staying at home for a period of sevearl month, in an attempt to cut...
Macedonia 08.12.21 | 19:05

Popova Sapka: Ski season begins on December 15

The Popova Sapka center – one of the two main ski resorts in Macedonia – announced that it will begin the new season on December 15th, with two days of free skiing. ELEM Tours, a branch of the ELEM state owned energy company that manages the center, said that it has invested a lot in the...
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