China’s Dongfang may secure 85% of the credit funds for the
construction of the planned up to 350 MW new unit at the Gacko thermal power
plant (TPP) in Bosnia’s Serb Republic, the entity’s government said, quoting the
chief of a local power utility.
The funds could be made available through
the support of a Chinese state-owned bank, the entity’s government said in a
statement on Wednesday afterDongfang officials met with the energy minister of
the Serb Republic and the head of Elektroprivreda Republike Srpske.
Last
week, the entity's government said Dongfang had submitted a letter of intent
regarding the project.
Concrete project activities, including the signing
of a memorandum of understanding with Dongfang, will begin as soon as the
venture gets the relevant official go-ahead, the statement said.
Dongfang
is currently involved in the construction of the 300 MW Stanari TPP in Bosnia
which should be completed by November this year and put into commercial
operation in 2016, the government said.
The Gacko power plant - which
operates a 300 MW TPP capacity, is one of two coal-fired plants in the Serb
Republic.
The Serb Republic is one of Bosnia's two autonomous entities.
The other one is the Muslim-Croat Federation.