Bosnian based 350 MW TPP Banovići project entered its financial close phase. Industrial and Comercial Bank of China (ICBC) is to lead a group of Chinese lenders that might enable financing the unit, valued at €305 million. The consortium of Chinese lenders is to provide for 85% of debt. The proposed power plant is set to fulfil all the environmental standards as prescribed by the EU. The technological solutions envisages the utilisation of circulating fluidised bed (CFB) technology.