Three Chinese companies bid to construct 350 MW Bosnia coal power plant

27/07/2015 10:00 Coal


Three Chinese firms have bid to finance and construct a 350 megawatt (MW) coal-fired power plant in central Bosnia, as stated on Friday by Munever Cergic, the general manager of Banovici coal mine, the future plant operator.

According to Cergic, the companies are Shanghai Electric Group Company Ltd, China Gezhouba Group Company Ltd and Dongfang Electric Corporation Ltd, adding that Shanghai Electric Group presented the most favorable offer. The plant, which will burn coal from the neighboring Banovici mines, is scheduled to be linked to the grid by 2018. It will generate 2,047 gigawatt-hours (GWh) of electricity a year. The Banovici coal mines are among the biggest in Bosnia with reserves assessed at 147 million tonnes and average yearly production of 1.5 million tonnes. Bosnia gets 40 percent of its electricity from hydro power and the remainder from coal-fired plants, making the Balkan nation one of the few in the region able to export power.

Zimbabwe hikes average electricity tariff by 320% - energy regulator

09/10/2019 13:25:00

Zimbabwe has increased the average electricity tariff by 320% to let the state power utility ramp up production and improve supplies at a time of daily rolling power cuts, the national energy regulator said on Wednesday.


Daily (09.10.2019): European carbon prices reached EUR 23 a tonne on Tuesday, on worries over Brexit negotiations

09/10/2019 10:50:00

Crude oil prices traded lower on Tuesday, after Donald Trump reported that a quick trade deal will unlikely happen soon. Meanwhile, oil prices were supported by protests in OPEC members Iraq and Ecuador, which threatened to disrupt their oil output. Hence, WTI futures fell by 0.2% to $52.63 a barrel, while Brent crude edged 0.2% down at $58.24 a barrel.


Ukraine to export natural gas to Moldova without Gazprom's involvement

09/10/2019 09:28:00

The Cabinet of Ministers has instructed NJSC Naftogaz of Ukraine to take measures to ensure natural gas exports to Moldova without the involvement of Russia's Gazprom.