October 28 (SeeNews) - Bosnian coal mining and energy producing company RiTE Ugljevik [BANJ:RTEU-R-A] said on Wednesday it was handed over the management of a new flue gas desulphurisation unit - an investment worth 85 million euro ($99.8 million).
"Sulphur dioxide emissions amount to 150 kilogrammes now, they used to be 18 tonnes," the acting director of Ugljevik, Cedomir Stojanovic, said in a press release.
In July 2016, RiTE Ugljevik signed an agreement with a consortium led by Japanese company Mitsubishi Hitachi Power Systems for the installation of desulphurisation equipment at its Ugljevik thermal power plant, in order to help it meet European emission standards.
The project was financed by a 100 million euro loan from the Japanese International Cooperation Agency (JICA), granted with a 0.55% interest rate and a repayment period of 30 years.
The new flue gas desulphurisation unit will extend the lifespan of the lignite-fired power plant to 2035, helping Bosnia meet environmental requirements for joining the EU.
With its 300 MW of installed capacity, Ugljevik power plant accounts for a quarter of the total power generation capacity of the Serb Republic, one of Bosnia's constituent entities. The other entity is the Federation.
($=0.851420 euro)