EFT and Chinese Development Bank will sign contract for financing of Stanari power plant

Published on 29. July 2011., Uncategorized

 

President of Republika Srpska, Mr.Milorad Dodik and representative of EFT, Mr.Vuk Hamovic stated that the signing of contract with Chinese Development Bank will be signed soon, contract will secure credit line financing for construction of power plant Stanari, project value of 500 million Euros.

EFT and Chinese company Dongfang Electric will jointly work on construction of the power plant whose energy outpunt power will be 300 MW, it was announced from Mr.Dodik cabinet.

During the meeting of Dodik and Hamovic, it was concluded that this project is very important for Republika Srspka because the construction and later exploration of the facility will increase significantly the employment.