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Stanari thermal power plant, hereinafter referred to as Stanari TPP, is a 300 MW power plant currently being constructed in Bosnia and Herzegovina in the vicinity of the Stanari coal mine,[1] approximately 70 kilometeres east of Banja Luka in Republika Srpska.[2] According to project promoters it is the first coal-fired plant in Bosnia and Herzegovina that is in accordance with all relevant EU directives on protection of the environment however,[1] that is being challenged by the NGOs who claim that the project is in fact breaching the EU legislation and is far from being environmentally friendly.[3]
General information
[edit]When completed the 300 MW thermal power plant will produce 2 million megawatt hours of energy per year.[1] Commercial operation is scheduled for the second half of 2016.[4] Coal will be supplied by Stanari coal mine which underwent refurbishment in 2006 in order to provide stable fuel supply to the Stanari TPP. A second phase of the development of the mine is still ongoing.[5] According to EFT, the construction of the power plant will create 1200 new jobs during the construction phase and 900 permanent jobs after the completion. Beneficiaries include construction industry, various suppliers, logistics and other service providers in Bosnia and Herzegovina.[1]
Ownership and financing
[edit]Total cost of the project is estimated to be EUR 550 million.[6] China Development Bank has provided a 350 million euro loan to construct the facility and China’s Dongfang Electric Corporation has been hired by the owner, EFT, to build it.[7] This is the largest credit facility agreed by a private enterprise in Bosnia and Herzegovina to date. EFT will finance the remaining sum from own equity.[8]
Environmental impact
[edit]References
[edit]- ^ a b c d TPP Stanari. EFT Group, Retrieved on 2014-29-08.
- ^ Stanari Thermal Power Plant. Sourcewatch, Retrieved on 2014-28-08.
- ^ Stanari power plant in Bosnia allowed to pollute 2-10 times higher than EU limits, new expert analysis shows. CEE Bankwatch. 21 November, 2013. Retrieved on 2014-29-08.
- ^ Loan Agreement for the Stanari Mine Signed Today. EFT Group, 16 April, 2014. Retrieved on 2014-29-08.
- ^ Stanari mine. EFT Group. Retrieved on 2014-29-08.
- ^ EFT and China Development Bank in EUR 350 million financing deal for Stanari TPP. EFT Group. 19 June, 2012. Retrieved on 2014-29-08.
- ^ Dirty Bosnian coal plant shows holes in China’s green investment drive. Chinadialogue. 10 March, 2014. Retrieved on 2014-29-08.
- ^ EFT completes financial close for the Stanari TPP project. EFT Group. 13 December, 2012. Retrieved on 2014-29-08.