TE-KO/EPS – Kostolac Thermal Power Unit B3 350 MW – Serbia - Project Profile
"TE-KO/EPS – Kostolac Thermal Power Unit B3 350 MW – Serbia - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.
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TE-KO Kostolac (TE-KO) and Serbian state-owned power utility Elektroprivreda Srbije (EPS) are undertaking the construction of a thermal power plant in Serbia.
The project involves the construction of a thermal power plant with a capacity of 350MW. It includes the construction of a substation, access roads, and the installation of turbines, generators, transformers, the expansion of open-pit mining, and the laying of transmission lines.
ENERGOPROJEKT has been appointed as study consultant and Bog Vaga Doo as equipment supply contractor.
In November 2013, EPS signed a deal with China National Machinery and Equipment Import and Export Corp (CMEC) for the construction.
In December 2013, the first environmental impact assessment (EIA) was approved.
The project will be funded by 85% debt and 15% from government funds. In December 2014, EPS signed an agreement with China Exim Bank to provide a fund of US$609 million, as a loan.
In June 2015, CMEC announced the conditions under the contract have been satisfied and the contract has become effective.
EPS has obtained the location permit for the construction of the project.
The Serbian Center for Ecology and Sustainable Development (CEKOR) has filed a case against EIA approval.
In June 2016, considering CEKOR case the court has canceled the EIA, as it will have a harmful impact on the environment and even the EIA approval was expired.
In February 2017, the new EIA report was published for consultation and is currently pending a decision.
The project involves the construction of a thermal power plant with a capacity of 350MW in Kostolac, Serbia.
The US$715 million project includes the following: