November 27, 2017 / 1:19 PM / in a year

Bosnia secures $895 mln energy loan from China's Exim bank

SARAJEVO, Nov 27 (Reuters) - Bosnia secured a 750 million euro ($895 million) loan from China’s Exim bank on Monday to help Bosnian utility EPBiH build a new facility at its Tuzla coal-fired power plant, the Bosnian government said. The deal was signed during a two-day summit of China and Central European countries in Hungary, attended by Chinese Premier Li Keqiang.

EPBiH in 2014 picked a consortium, which includes China Gezhouba Group and Guandong Electric Power Design, to add the 450 megawatt (MW) unit, one of the largest investments in the Balkan country’s energy infrastructure, but the project has been delayed by red tape and negotiations over financing it. ($1 = 0.8377 euros) (Reporting by Maja Zuvela; Editing by Susan Fenton)

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