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Serbia's EPS completes $15.8 mln river port construction in Kostolac

Author Radomir Ralev
Serbia's EPS completes $15.8 mln river port construction in Kostolac Author: TE-KO Kostolac. License: All rights reserved.

BELGRADE (Serbia), April 8 (SeeNews) - Serbian state-owned power utility Elektroprivreda Srbije (EPS) has completed a $15.8 million (14.1 million euro) project for the construction of a Danube river port to service the Kostolac B coal-fired power plant, EPS managing director Milorad Grcic said.

The port has a footprint of 5.7 hectares, including 2.6 hectares of water surface, Grcic said during the official opening of the river port last week, according to a press release issued by EPS.

The company plans to transport 157,000 tonnes of ash and 105,000 tonnes of gypsum through the port annually, as well as to deliver limestone, EPS said.

The construction of the port was part of the first phase of a project for the overhaul of Kostolac B, financed through a loan extended by Export-Import Bank of China (EXIM Bank). In addition to the port, the first phase of the project included the upgrade of units 1 and 2 at Kostolac B.

A total of $613 million will be invested in the construction of a third unit at Kostolac plant as part of the second phase of the project, at a total cost of $715.6 million, carried out by China Machinery Engineering Corporation (CMEC).

The 700 MW Kostolac B is part of thermal power and coal mining complex TE-KO Kostolac in eastern Serbia, which also includes the Drmno open-pit mine. TE-KO Kostolac also operates thermal power plant Kostolac A, with an installed capacity of 310 MW.

($ = 0.890652 euro)