Stanari Thermal Power Plant

Stanari Thermal Power Plant is a proposed 300 megawatt lignite-fired power station which is being promoted by EFT Rudnik i Termoelektrana Stanari d.o.o., a subsidiary of the UK-headquartered EFT Group. The power station would be located near the Stanari coal mine which is located approximately 70 kilometres to the east of Banja Luka in Republika Srpska, Bosnia and Herzegovina.

Location of the Stanari coal mine: the power station is proposed to be located nearby

Background
Note: the Bosnia and Herzegovina Foreign Investment Promotion Agency lists the project as a 420 MW project when EFT's subsidiary describes it as a 300 MW project).

In June 2012 EFT announced that the China Development Bank had agreed to provide a "EUR 350 million structured credit facility" to finance the construction of the proposed plant. In May 2010 EFT signed an Engineering, Procurement and Construction (EPC) contract with China’s Dongfang Electric Corporation (DEC) to build the plant.

Coal supply
The project would source coal from the existing Stanari coal mine, which is operated under a concession by an EFT subsidiary. The company states that the new power station could consume 2.3 million tonnes a year of the mine's 2.5 million tonnes production.

Project Details
Sponsor: Location: near the Stanari lignite mine, Bosnia and Herzegovina Capacity: 300 megawatts Type: Fuel:Lignite from the Stanari coal mine Finance: EUR550 million total cost. EFT has negotiated a EUR350 million credit facility with China Development Bank Projected in service:

Related SourceWatch Resources

 * Europe and coal