China to invest over 722 million euros in unit 7 at TPP Tuzla – Bosnia and Herzegovina, 5 May 2016

During the 7th international investment conference Sarajevo Business Forum an annex to the agreement between the Bosnian power utility EPBiH and Chinese companies China Gezhouba Group Company Limited (CGGC) and Guangdong Electric Power Design Institute (GEDI) on the construction of unit 7 at thermal power plant Tuzla has been signed.
Director of EPBiH Bajazit Jasarevic said earlier in April that almost all issues related to this investment are resolved and EPBiH is waiting for the response of the Chinese Government related to the maturity of loan that would be obtained to finance the construction. He explained that during extensive negotiations in the past few months, EPBiH managed to reduce the price by 63 million euros and the proposal that the loan should be in euros rather than in dollars is accepted. The only unresolved issue remaining is the loan repayment period, which EPBiH requested to be 15 years with 5 years grace period.

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