Macedonia: ELEM to invest 64.5 million euros in new mining equipment at REK Bitola

3. June 2016. / SEE Energy News

According to the announcement, the new equipment is intended for the usage in the newly opened coalmine at Suvodol basin, as well as in the existing open pit mines at Suvodol and Brod Gneotino.

Macedonian power utility ELEM has started procedures for the procurement of the new mining equipment for coalmines at REK (coalmine and thermal power plant) Bitola.

According to the announcement, the new equipment is intended for the usage in the newly opened coalmine at Suvodol basin, as well as in the existing open pit mines at Suvodol and Brod Gneotino. The financial framework of this project is 64.5 million euros, which are partly financed by ELEM’s own funds and the loan from German Deutsche Bank. The new equipment will enable smooth and efficient coal excavation and operation of REK Bitola in the next 15 to 20 years.

The statement from the company said that the realization of this complex investment endeavor will reduce the cost of coal excavation in three coalmines operating within REK Bitola and complete independence in the processes of excavation and transportation of coal for TPP Bitola. After the signing of the procurement contracts, it is expected that the equipment will be delivered in stages over 12 to 24 months, transmits Serbia-energy.eu

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