Dongfang Electric Corporation

Construction of Banovici thermal power plant

ivan.angelovski — Wed, 15 Dec 2021 12:51:21 +0000

Construction of Banovici thermal power plant

Date

2015

ivan.angelovski Wed, 12/15/2021 - 13:51

Value

412000000 EUR

Status

Stalled

Chinese partners

Dongfang Electric Corporation

Local partners

RMU Banovici

Transparency

Partial

Project description

In 2015 Bosnia’s Federation entity-controlled coal mining company Banovici, RMU Banovici, signed a contract with China’s Dongfang Electric Corporation to construct a 350 MW thermal power plant. The project, estimated to cost 412 million euros, was to be 85-per-cent financed by several Chinese banks, led by the Industrial and Commercial Bank of China, ICBC. The project has stalled since.

Bosnia and Herzegovina

Construction of Stanari Thermo Power Plant

ivan.angelovski — Wed, 15 Dec 2021 09:15:01 +0000

Construction of Stanari Thermo Power Plant

Date

2010

ivan.angelovski Wed, 12/15/2021 - 10:15

Value

530000000 EUR

Status

Completed

Chinese partners

Dongfang Electric Corporation

Local partners

Energy Financing Team

Deadlines

Respected

Transparency

Partial

Project description

China Development Bank co-financed a 530-million-euros project of the Stanari Thermal Power Plant, which was built by China’s Dongfang Electric Corporation. The construction started in 2013 and completed in 2016. The plant is controlled by the UK-based Energy Financing Team of Serbian businessman Vuk Hamovic through local subsidiaries.

Bosnia and Herzegovina

Pljevlja I power plant upgrades

ivan.angelovski — Wed, 15 Dec 2021 07:47:54 +0000

Pljevlja I power plant upgrades

Date

2019

ivan.angelovski Wed, 12/15/2021 - 08:47

Value

54427700 EUR

Status

Stalled

Chinese partners

Dongfang Electric Corporation

Local partners

Deadlines

Transparency

Project description

On November 2019, Montenegro’s power utility EPCG anounced they gave a 54-million-euro job to a consortium led by China’s Dongfang Electric International Corporation to refurbish the country’s only coal-fired power plant in Pljevlja and reduce its emissions in line with European Union standards. The Chinese company, which is part of Dongfang Electric Corporation Ltd., will carry out the project that is due to be completed in 2023. The Dongfang-led consortium also includes Montenegrin companies Bemax, BB Solar and Permonte. Blazo Djukanovic, the son of Montenegrin President Milo Djukanovic, has a 50 per-cent-share in BB Solar. The main concern is the cost-effectiveness of the project.

Montenegro