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.

EBRD extends renewable energy programme for Kazakhstan

16/09/2019 09:27:00

The EBRD is pledging fresh funds to support Kazakhstan’s drive as a regional leader to promote renewable energy, with the help of a second phase of the Bank’s Kazakhstan Renewables Framework of up to €300 million, the Bank reported.


Germany's Notus to add 270 MW wind capacity in Ukraine

16/09/2019 09:24:00

Germany-based Notus Energy Group intends to build 270 MW of wind parks in Ukraine that will kick off operations by 2021, it said last week.


Oil prices rise sharply after attack on Saudi oil fields

16/09/2019 09:18:00

Crude oil prices rose by more than 10 percent at the start of Monday's trading day in Asia due to the attack on two oil plants in Saudi Arabia. The price of Brent oil in Singapore rose by $ 11.73 ($ 10.59) to $ 71.95 per barrel, before falling back to below $ 68.