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China Energy Group, Bosnia's Lager sign deal on RiTE Kamengrad project

Author Maja Garaca
China Energy Group, Bosnia's Lager sign deal on RiTE Kamengrad project FIPA

SARAJEVO (Bosnia and Herzegovina), November 28 (SeeNews) – China Energy Group and Bosnian construction material supplier Lager have signed a memorandum of cooperation on the construction of a mine and thermal power plant complex, RiTE Kamengrad, in Bosnia's Sanski Most valued at over 1.0 billion marka ($607.8 million/511.3 million euro), Bosnia's foreign investment promotion agency, FIPA, said.

The loan agreement was signed on the sidelines of a meeting of the heads of government of China and 16 Central and East European countries, or the 16+1 Summit, held over the weekend in the Hungarian capital Budapest, FIPA said in a statement on Monday.

The agency said last month that TPP Kamengrad will have two units with a planned capacity of 215 MW each.

Coal reserves at Kamengrad mine, a town within the Sanski Most county, are estimated at 420 million tonnes.

Sanski Most is located in the northwestern part of the Federation, one of Bosnia's twp autonomous entities. The other entity is the Serb Republic.

(1 euro=1.95583 marka)

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