Republika Srpska: The first loan payment for EFT’s 300MW TPP Stanari arrived

, SEE Energy News

The Company “Energy Financing Team” /EFT/ announced that it has got the first credit tranche of 350 million euros from China Development Bank for launching the construction of TPP Stanari next to Doboj in the spring next year.

This energy trading and investment company seated in the Great Britain is focused on energy market in South East Europe and it got the thirty years’ concession for construction of Coal TPP 300 MW strong in Stanari in 2008.

EFT will invest its own 500 million euros in finishing the project- spokesman of the company, Nenad Savic stated.

He said that TPP will launch work at the end of 2015 or in the beginning of 2016.

EFT has chosen Chinese Producer of Electro Equipment “Dongfang Electric” for equipment delivery and construction realization.

TPP Stanari will deliver 2.000 gigawatt-hours of electricity yearly and it will contribute the growth of employment when it is connected to network- EFT had reported earlier.

TPP will use lignite from the nearest mine that EFT had opened again in 2005.

Lignite quality that contains small percent of sulfur is expected to help future TPP to accomplish its high standards with reference to polluted gas emissions.

Source Serbia Energy SEE Desk/EFT/SRNA