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.

Daily (26.03.2019): Carbon prices recovered by 4% on Wednesday, as U.S intends to launch a massive financial stimulus to support economy

26/03/2020 10:49:00

Crude oil prices added slight ground on Wednesday, as the United States may vote on a $2 trillion stimulus package to support the economy due to the coronavirus pandemic. Brent crude traded 0.9% higher at $27.39 a barrel. In the same context, WTI futures rose by 2% to $24.49 a barrel.


Lovech in Bulgaria to renew public lighting in EUR 596 million project

26/03/2020 09:36:00

MPEnergi from Norway is about to replace 4,483 street lamps with LED technology and install management software and equipment. The municipality northeast of the capital of Bulgaria is counting on cofinancing from the EU’s EEA Grants for the modernization of its public lighting and a small solar power plant.


China buys record volume of Russian oil as European demand dives: traders

26/03/2020 09:24:00

China is buying a record 1.6 million tonnes of Russian oil for loading at sea over the next four weeks, taking advantage of rock bottom prices for Russia’s flagship Urals grade combined with a collapse in demand in Europe, traders said on Wednesday.