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Bosnian TPP Ugljevik launches 3.0 mln euro overhaul

Bosnian TPP Ugljevik launches 3.0 mln euro overhaul

BANJA LUKA (Bosnia and Herzegovina), April 1 (SeeNews) – Bosnian coal miner and energy producer RiTE Ugljevik [BANJ:RTEU-R-A] said it has launched a 5.8 million marka ($4.1 million/3.0 million euro) planned overhaul of its thermal plant.

The upgrade works should be completed within 40 days, RiTE Ugljevik said in a statement posted on its website during the weekend.

A further 2.6 million marka will be allocated for the procurement of spare parts, and 3.0 million marka will be spent on equipment, it added.

Ugljevik generated 478.07 gigawatt hours (GWh) of electricity in the first three months of the year, 5.0% above plan.

The coal mine and the adjacent power plant are located in the northeastern part of the Serb Republic, which together with the Muslim-Croat Federation makes up Bosnia and Herzegovina.

(1 euro = 1.95583 Bosnian marka)