Chinese based China Machinery Engineering Corporation (CMEC) laid the foundation stone for the construction of a new third unit in the Kostolac thermal power plant. Estimated investment is valued at just over €523 million and should yield a unit of 350 MW of installed capacity with an expected annual production of approximately 2.5 TWh. Source: SEE News #Serbia #TPP #Kostolac

Kostolac B3, 350 MW coal fired power plant, closed its financial construction as Export-Import Bank of China agreed to provide 85% of the required financing with a debt repayment term of 20 years. The project regards the construction of a third unit at the Kostolac B site with an estimated investment cost of €522 million. At present, the energy-mining complex of TE-TO Kostolac has two power plants, the 310 MW Kostolac A, and the 700 MW Kostolac B. Units 1 and 2 of Kostolac B