EFT Group

The EFT Group' was initially an energy trading company with a particular focus on the former eastern European countries. Since 2005 the company has owned and operated the Stanari coal mine in Bosnia and Herzegovina. It is seeking to expand its interest into owning and operating power stations, including coal and hydro plants.

Coal interests
EFT Rudnik i Termoelektrana Stanari d.o.o., a subsidiary of the EFT Group, owns and operates the Stanari coal mine, which is located approximately 70 kilometres to the east of Banja Luka in Republika Srpska, Bosnia and Herzegovina. The company is also proposing to build the 300 megawatt Stanari Thermal Power Plant as the largest customer for coal from the mine.

Personnel

 * Vuk Hamovic is the founder and chairman of the company. He was described in the Financial Times as a "controversial Serbian businessman".

Contact details
EFT International Investments Holdings Limited 111 Buckingham Palace Road London SW1W 0SR UK Website: http://www.eft-group.net/index.htm

Related SourceWatch Resources

 * Europe and coal