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Škoda in effort to ensure TPP Pljevlja II

February 28, 2017

After failing to provide a financing arrangement for the new Pljevlja 2 unit through the Česká exportní banka (ČEB), Škoda Praha suggested Chinese-based Sinosure (China Export and Credit Insurance Corporation) as an alternative solution. Debt-to-equity ratio is reported to be 85/15. In addition, Škoda selected General Electric as a project partner during the EPC period. As reported by Vijesti, according to the pre-arranged dynamic, after a consensus has been reach between all involved parties, the design phase should last for another 18 months, while the construction should be finished within the following 36 months.

 

Source: Vijesti

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