EBRD / EPS KOLUBARA ENVIRONMENTAL IMPROVEMENT

Project Description

The EBRD is considering funding a project to finance the purchase of:

(1) a coal excavator, conveyor and spreader system for Field C of the Kolubara mining basin,
(2) a spreader system for the Tamnava West field and
(3) a coal management system for the whole of the Kolubara mining operations. 

The equipment, planned to be purchased if the project gets approval from the EBRD’s Board of Directors, will improve the efficiency of EPS' mining operations at the Kolubara basin and significantly improve the quality and uniformity of the lignite it delivers to its power stations.

Transition Impact

It is expected the planned project will contribute to having the following transition impact:

- Institutions and policies that support markets – new private investors in the Serbian power sector. The Serbian generation sector remains
  state-dominated – the proposed IPPs are critical in introducing significant new private investment and paving the way towards a more
  diverse sector.  The Project is an essential enabling condition for the success of these IPPs.
- Setting standards for business conduct – EHSS standards.  The Project will result in improvements in efficiency and emission reductions at
  the Nikola Tesla power plants from more uniform lignite quality.  It will also result in environmental improvements at the Kolubara mining
  basin.  The Bank will engage with EPS to ensure these benefits are realised and through the Project ESAP it will ensure that the Project, in
  particular any resettlement, is implemented in accordance with EU standards.
- Restructuring and commercialisation. The project also supports the ongoing commercialisation of EPS as it will introduce modern
  equipment and techniques to EPS' mining operations and promote greater economic and environmental efficiency in its generation
  activities.


Budget

Budget: up to €165.2 million.

Deadline: 29 May 2013

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