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The Anglo-Chinese Consortium Building a Thermal Power Plant in Loznica

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The Anglo-Chinese consortium of the British company Scarborough Group International and the state-owned Chinese company China National Electric (CNEEC), has signed an agreement on the construction of a thermal power plant/heating plant in Loznica worth €230 million.

According to the agreement, the construction of a facility with 240 MW of capacity will be fully put in charge of CNEEC, and the first phase of the project (120 MW) might start at the end of 2016, after the Government greenlights the project, and be completed by the end of 2018, the consortium announced.

The second phase (the remaining 120 MW) should start a year later.

The consortium has also received the financial support by the China Development Bank, and the Chinese insurance company Sinosure has also shown interest in participating in the project.

 

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