SARAJEVO (Bosnia and Herzegovina), January 19 (SeeNews) – China Energy Group and Bosnian construction material supplier Lager are set to sign a final agreement on the construction of a mine and thermal power plant complex, RiTE Kamengrad, in Bosnia's Sanski Most in June, Bosnia's foreign investment promotion agency, FIPA, said.
The final agreement on the 1.02 billion marka ($639.5 million/521.5 million euro) project will be initialled on the sidelines of the meeting of heads of government of China and 16 central and eastern European (CEE) countries, or the 16+1 Summit, FIPA said in a statement earlier this week.
In November, Lager, the project owner, and the Chinese company signed a cooperation agreement, following which they have engaged in talks over technical details.
The project has the full support of the state-level ministries and the government of Bosnia's Federation, FIPA said, adding that representatives of the Chinese company are due to hold meetings with government officials in the coming days.
TPP Kamengrad will have two units with a planned capacity of 215 MW each, FIPA said earlier.
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)