EFT News

Sunday, May 18, 2008
EFT breaks ground for Stanari TPP

The foundation stone has been laid at EFT Group’s new energy complex at Stanari, near the city of Doboj in Republika Srpska (Bosnia-Herzegovina), heralding the construction of the Balkans’ most modern power plant. 

EFT is developing the Stanari lignite mine and is backing the project to build an adjacent 420 MW thermal power plant (TPP). The move follows the signing in February of the concession agreement to build the TPP by the authorities of Republika Srpska and EFT. 

The TPP Stanari is the first lignite-fired facility to be built in Bosnia-Herzegovina for over 20 years, as well as the first power plant in South-eastern Europe to meet EU environmental requirements. Construction at the TPP, which will cost in excess of 650 million euros, will begin next year and is expected to be completed by 2012. 

When operational, the TPP will produce around 3 billion kWh per year, equal to a quarter of the country’s present generating output. The TPP will burn 2.8 million tonnes per year of lignite from the Stanari mine. 

The laying of the foundation stone was symbolically marked by the Prime minister of Republika Srpska Milorad Dodik and the EFT Group President Vuk Hamovic, during the celebration of the third Stanari Mine day.