Offer of Chinese Exim Bank for the Block 7 of the TPP Tuzla has been accepted – Tenders for the preparatory work by the end of 2016.

Offer of Chinese Exim Bank for the Block 7 of the TPP Tuzla has been accepted – Tenders for the preparatory work by the end of 2016.

Elektroprivreda BiH has received a letter of intent from the Chinese Exim Bank, with specific conditions of credit arrangement where has been accepted offer of 20 years to repay the loan, which was the attempt EPBIH.

Senad Salkic, executive director for capital investments Elektroprivreda BiH, told Fena that they are fully satisfied with the conditions specified credit arrangement to finance the Block 7 Tuzla and that they are the result of negotiations in China last week, reports portal factor.

– We expect that after this offer Exim Bank officially make application for a loan and the bank that we will succeed until November to agree a contract on the conditions offered and prepare it for signature on 16 + 1 summit in early November in Latvia. Before that ratification should be required by the parliaments of Federation and the People’s Republic of China and it has procedure that needs to pass – said Salkic.

Tenders for the preparatory work, as pointed out, can be called by the end of the year, so that in the spring or the beginning of the construction season can begin work to prepare the site for construction of Block 7 Tuzla.

Salkic also notes that in EPBIH believe that at the time of the preparatory work (to 18 months) could do the activities that are related to the construction, and that activities are making the main project of Unit, order supplies the then the total period was from 4 to 5, 5 years for the construction of Unit.

– If all this be done dynamically as we now plan, Block should be ready in 2022 – said the director Salkic.

According to him, Block 7 is a replacement block and the entry of this block on the network will turn off the blocks 3 and 4 in Tuzla, and the previously shut down blocks 1 and 2 and he has enough capacity to completely change the small blocks, meaning the block 3 and 4 , which will be shut down.

– Installed capacity of Tuzla will remain almost the same (450 MW), or get a modern block even for the thus maintain energy stability of Bosnia and Herzegovina, we reserve the status of net exporter, but also allow for cogeneration of heat for heating of Tuzla and Lukavac, and we think we until then, or until of Unit entering in the operation, will have got heating even for the municipality Zivinice, so that the three cities will have supply of thermal energy from this block. What is very important is that, enabling further production of coal in the coal mine Kreka because the supply of the blocks provided from the mine. In this way we contribute to the preservation of mining production that without this block came into question due to the fact that the old blocks intended for shuting down – Salkic told FENA.

According to him, the contractor is the Chinese consortium CGG, and talking to them EPBIH will try to make sure that the Subcontracting be given to domestic companies who are qualified and who do have the knowledge and the ability to do the job.

The value of the investment is 722 million euros (1.4 billion KM), which is the largest post-war investment in the power sector of the country, reports the Factor.

Renewable Energy Projects in Bosnia and Herzegovina

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