Kolubara B Power Station

The Kolubara B power station is a proposed 750 megawatts station comprising two 325 MW generating units.

Proposed location of Kolubara B Power Station - approximate area only

Background
On June 30, 2011, Serbia's state-run power utility Elektroprivreda Srbije (EPS) and Italy's Edison signed a preliminary deal to jointly develop the two coal-fired units. A feasibility study is expected to be completed in the first quarter of 2012. After that the two utilities will set up a joint venture. They gave no estimation of the cost.

Under the proposal, Edison offered EPS a 36.4 percent stake in the new company, in which EPS had already invested 300 million euros ($424.8 million) back in 1988 until putting the construction on hold due to lack of funds. EPS had earlier put the construction cost of the plant at around 1.6 billion euros ($2.3 billion). No bidder has expressed interest in building the plant.

Financing
On Sep. 6, 2013, the European Bank for Reconstruction and Development (EBRD) confirmed that it is no longer interested in financing the plant, saying in an email that "We have also informed [Elektroprivreda Srbije] that, should the project become active again, it will have to be assessed against the [Bank's] new energy strategy which has far more stringent rules and would make our possible participation very difficult.” EBRD is under pressure to follow the example of the World Bank and the European Investment Bank in significantly limiting coal lending.

Europe and coal

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