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Loan agreement signed for construction of unit 7 at Tuzla power plant in Bosnia and Herzegovina

At the Summit Initiative 16+1 in Budapest, a loan agreement for financing the project of construction Unit 7 with 450MW generation capacity at Tuzla thermal power plant in Bosnia and Herzegovina.

The signing of the Loan Agreement were attended by 16 Prime Ministers of Central-Eastern Europe countries and Prime Minister of the People's Republic of China.

The value of the Loan Agreement for construction Unit 7 amount to EUR 722 million.

Chinese Bank EXIM will finance the construction of Unit 7 with credit amounting to 613 million  Eur, with previously agreed terms that imply the Loan duration of 20 years and 5 years of grace period. 

The representatives of JP Elektroprivreda BiH at Summit were: Bajazit Jasarevic, General manager; dr.Senad Salkic, Executive manager for capital investment; Muhamed Razanica, Executive manager for commercial affairs; Edib Basic, Advisor to General manager and Goran Milosevic, Secretary of the Company.

For the Loan Agreement signed  for  credit  line  for financing project for construction Unit 7- 450MW at TPP Tuzla is required approvals of FBiH Parliament and  the Assembly of JP Elektroprivreda BiH.

JP Elektroprivreda BiH will continue intensive activities for obtaining Guarantees of Federation BiH also refer the  loan agreement in the parliamentary procedure.