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Kostolac B3 receives funding

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 recently went through an overhaul costing over €250 million.

Source: Power engineering international

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