Stanari Thermal Power Plant
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Stanari Thermal Power Plant is an operating power station of at least 300-megawatts (MW) in Stanari, Republika Srpska, Bosnia and Herzegovina.
Location
Table 1: Project-level location details
| Plant name | Location | Coordinates (WGS 84) |
|---|---|---|
| Stanari Thermal Power Plant | Stanari, Republika Srpska, Bosnia and Herzegovina | 44.759289, 17.823207 (approximate) |
The map below shows the approximate location of the power station.
Project Details
Table 2: Unit-level details
| Status | Fuel(s) | Capacity (MW) | Technology | Start year |
|---|---|---|---|---|
| operating | coal: lignite | 300 | subcritical | 2016 |
Table 3: Unit-level ownership and operator details
| Owner | Parent |
|---|---|
| EFT Rudnik i Termoelektrana Stanari doo [100%][1] | Stanari Investments Ltd |
Project-level coal details
- Coal source(s): Stanari coal mine
Background
The power station is located close to the Stanari coal mine, owned by the same company, approximately 70 kilometres east of Banja Luka in Republika Srpska.
Originally the project was planned and permitted to be 420 MW and supercritical,[2] but was later changed to 300 MW and subcritical.[3] An updated EIA based on the new plans was not performed.[4][5] Bankwatch report stated that "while it may appear that a smaller plant has a smaller environmental impact and therefore does not need a new study, several other changes were involved: (a) the project was originally planned to have a net thermal efficiency of 43% but the new version was down to 34.1%, (b) it was changed from supercritical pulverised lignite technology to subcritical circulating fluidised bed combustion, (3) the cooling technology has also been changed from a wet to a dry cooling system. This was one of the main reasons for the loss of thermal efficiency."[6]
In May 2010 EFT signed an Engineering, Procurement and Construction (EPC) contract with China’s Dongfang Electric Corporation (DEC) to build the plant, which was scheduled to come on line in early 2016 at a total value of EUR 550 million.[7]
Dongfang began construction in May 2013.[8] The plant was expected to be completed by November 2015 and put into commercial operation in 2016.[9] Testing began in January 2016.[10] Commercial operation is scheduled for the second half of 2016.[11][12]
The plant was inaugurated on September 20, 2016.[13] The plant was obliged to comply with Large Combustion Plant Directive (LCPD) limit values for new plants as soon as it started operating. [14]
In 2022 the plant produced 2,129 GWh, higher than 1,872 GWh in 2021.[15]
Ownership Change
The power station is owned by EFT Rudnik i Termoelektrana Stanari d.o.o., which was part of EFT Group. As of 2023, EFT Group stated on its website that it expects to divest of its fossil fuel assets by 2023.[16]
As of January 2024, EFT Group's website did not list Stanari power plant and coal mine anymore.[16]
EFT Rudnik i Termoelektrana Stanari d.o.o. was previously owned by Stanari Investments Ltd, renamed from EFT International Investments Holdings Ltd in August 2023. Its immediate parent used to be EFT Investments Limited (UK), which in turn was owned by the ultimate parent company EFT Holdings AG.[17] UK regulatory and financial filings from August 2023 revealed that the ownership of Stanari Investments Ltd has changed and as of August 2023 it is held by two physical persons Milos Hamovic and Zoran Ivkovic.[18] Therefore it appeared that the asset has been taken out of the official EFT Group's perimeter and is now held by physical persons associated with the group. EFT Group was previously said to be ultimately owned by the Serbian electricity trader Vuk Hamović.[19]
Financing
- Source of financing: US$445 million in loans from the China Development Bank[20]
- In June 2012 EFT announced that the China Development Bank had agreed to provide a "EUR 350 million structured credit facility" to finance the construction of the 300 MW plant.
Opposition
Bosnia and Herzegovina is obliged to adhere to the EU Large Combustion Plants Directive (LCPD), which regulates emissions limit values from new and existing combustion plants. According to Bankwatch, the plant's environmental permit for Stanari allows emissions 2-3 times higher than the LCPD, bringing Bosnia and Herzegovina into non-compliance with its Energy Community commitments. In response, an official complaint was submitted to the Energy Community secretariat by the Centre for Environment from Banja Luka. The LCPD Directive was being replaced by the EU Industrial Emissions Directive (IED), which has stricter emissions limits, and in a few years the Stanari plant would have to be brought into line with this Directive. According to BankTrack, this most likely means additional costs a few years down the line as the planned project is not currently compliant.[6]
Articles and Resources
References
- ↑ https://web.archive.org/web/20240207001923/http://www.eft-stanari.net/en/index.php/about-us/tehnoloskikoncept. Archived from the original on 07 February 2024.
{{cite web}}: Check date values in:|archive-date=(help); Missing or empty|title=(help) - ↑ Foreign Investment Promotion Agency, Bosnia and Herzegovina Investment Opportunities: Bosnia and Herzegovina Energy Sector", September 2011, page 10.
- ↑ "About", EFT Group website, accessed October 2012.
- ↑ Analysis on the compliance of the environmental permit for Stanari thermal power plant with EU Directives, Center for Environment, 12 November 2013
- ↑ Bosnia and Herzegovina lignite project triggers official complaint to the Energy Community, CEE Bankwatch, 20 March 2014.
- ↑ 6.0 6.1 "Stanari lignite power plant, Bosnia and Herzegovina," Oct. 7, 2014
- ↑ EFT Group, "EFT and China Development Bank in EUR 350 million financing deal for Stanari TPP", Media Release, June 19, 2012.
- ↑ "EFT starts construction of thermal power plant Stanari - Project totalling EUR 400 mil," Blic, 05/19/2013
- ↑ "Chinese partner may secure 85% of credit funding for Gacko TPP project in Bosnia," Power Market, June 4, 2015
- ↑ "EFT starts testing first 300 MW power plant in Bosnia," Reuters, Jan 5, 2016
- ↑ Loan Agreement for the Stanari Mine Signed Today. EFT Group, 16 April 2014. Retrieved on 2014-29-08.
- ↑ "Loan Agreement for the Stanari Mine Signed Today," EFT News, April 16, 2014
- ↑ Igor Kalaba, "The Last Coal Plant in the Western Balkans?" Balkan Insights, Sep 20, 2016
- ↑ "Comply or Close - 2024 update" (PDF). bankwatch.org. September 2024.
{{cite web}}: CS1 maint: url-status (link) - ↑ "Results". www.eft-stanari.net. 2023.
{{cite web}}: CS1 maint: url-status (link) - ↑ 16.0 16.1 "TPP Stanari & Stanari Mine". www.eft-group.net. unknown.
{{cite web}}: Check date values in:|date=(help)CS1 maint: url-status (link) - ↑ "2022/2023 Accounts - Stanari Investments Ltd". 2023.
{{cite web}}: CS1 maint: url-status (link) - ↑ "STANARI INVESTMENTS LIMITED (UK filings)". company-information.service.gov.uk. August 2023.
{{cite web}}: CS1 maint: url-status (link) - ↑ "The energy future according to the vision of Milorad Dodik: Vuk Hamović, the Chinese and private investors". interview.ba. April 2023.
{{cite web}}: CS1 maint: url-status (link) - ↑ "Preview of Stanari Thermal Power Plant Financing (300MW) | Transaction | IJGlobal". ijglobal.com. Retrieved 2020-10-01.
Additional data
To access additional data, including an interactive map of coal-fired power stations, a downloadable dataset, and summary data, please visit the Global Coal Plant Tracker on the Global Energy Monitor website.
