July 16, 2021 Read More →

Deal for $1.1 billion China-backed coal-fired plant in Bosnia threatened

Reuters:

A Chinese-backed deal to help Bosnian utility EPBiH expand its Tuzla coal-fired power plant has run into problems following General Electric’s (GE.N) withdrawal from the project, a senior Bosnian official told Reuters on Thursday.

Nermin Dzindic, industry and energy minister in the government of Bosnia’s autonomous Bosniak-Croat Federation, made the comments following the publication of documents about the $1.1 billion project on Sarajevo news portal Klix last week.

EPBiH picked China Gezhouba Group (600068.SS) and Guandong Electric Power Design in 2014 to build a 450 megawatt (MW) unit in Tuzla at a cost of 1.8 billion Bosnian marka ($1.1 billion) to replace three ageing units at the 715 MW plant.

The documents released by Klix said the Chinese partners had informed EPBiH in January that GE was dropping out and offered alternative subcontractors, but EPBiH rejected the proposed replacement companies.

[Daria Sito-sucic]

More: Bosnia’s $1.1 bln deal for China-backed coal-fired plant under threat

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