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SARAJEVO (Bosnia and Herzegovina), November 2 (SeeNews) - Bosnian state-controlled power utility Elektroprivreda BiH [SAJ:JPESR] said on Monday it has signed a deal with Polish firm Becker-Warkop for the procurement of mechanised equipment for its Kakanj coal mine worth 9.2 million euro ($10.2 million).
The procurement of the machinery is financed from funds designated for the recapitalization of EPBiH’s mines, the company said in a statement.
The purchase of the equipment would ensure the continuity of underground excavation at the Kakanj mine, it guarantees that planned production levels are met in accordance with the needs of the power plant and raises the safety and efficiency of mining, the power utility said.
The deadline for the delivery and installation of the equipment is 12 months from the date of signing of the agreement.
In addition to Kakanj, EPBiH operates another six coal mines - Breza, Gracanica, Abid Lolic, Kreka, Djurdjevik and Zenica.