SARAJEVO (Bosnia and Herzegovina), March 29 (SeeNews) – Bosnian state-controlled brown coal miner Banovici [SAJ:RMUBR] said on Tuesday it will soon launch procedure to select a strategic partner for the construction of a cement plant in the immediate vicinity of the 350 MW Banovici thermal power plant (TPP).
The preliminary technical and environmental impact documentation has been completed, the company said in a statement, adding that Banovici has obtained the government's consent to go ahead with the construction.
In February, Banovici said it is in the final phase of concluding a loan agreement with the Industrial and Commercial Bank of China (ICBC) for the construction of the 350 MW TPP, with works planned to begin mid-2016.
Banovici signed a strategic cooperation agreement and a contract on the engineering, procurement and construction of the power facility with China's Dongfang Electric Corporation in November. The facility is valued at some 400 million euro ($447.1 million), Bosnia's Council of Ministers said earlier.
The company recently said that it will add a semi-dry desulphurisation system to the plant, worth 16 million euro.
RMU Banovici is one of the biggest coal mines in the Federation, one of the two autonomous entities that form Bosnia and Herzegovina. The other one is the Serb Republic.
Dongfang is currently in the final phase of the 300 MW Stanari thermal power plant construction in the Serb Republic.
($=0.8943 euro)