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Anes Jusic, Operations Leader

EPS Kolubara Environmental Improvement

Project number:41923
Business sector:Power and energy
Environmental category:A
Target Board date:26 July 2011
PSD disclosed:18 Apr 2011

Project Description

The EBRD is considering funding a project to finance the purchase of 

(1) a coal excavator, conveyor and spreader system for Field C of the Kolubara mining basin, 
(2) a spreader system for the Tamnava West field and 
(3) a coal management system for the whole of the Kolubara mining operations.  The equipment, planned to be purchased if the project gets approval from the EBRD’s Board of Directors, will improve the efficiency of EPS' mining operations at the Kolubara basin and significantly improve the quality and uniformity of the lignite it delivers to its power stations.

Transition Impact

It is expected the planned project will contribute to having the following transition impact:

  • Institutions and policies that support markets – new private investors in the Serbian power sector. The Serbian generation sector remains state-dominated – the proposed IPPs are critical in introducing significant new private investment and paving the way towards a more diverse sector.  The Project is an essential enabling condition for the success of these IPPs.
  • Setting standards for business conduct – EHSS standards.  The Project will result in improvements in efficiency and emission reductions at the Nikola Tesla power plants from more uniform lignite quality.  It will also result in environmental improvements at the Kolubara mining basin.  The Bank will engage with EPS to ensure these benefits are realised and through the Project ESAP it will ensure that the Project, in particular any resettlement, is implemented in accordance with EU standards.
  • Restructuring and commercialisation. The project also supports the ongoing commercialisation of EPS as it will introduce modern equipment and techniques to EPS' mining operations and promote greater economic and environmental efficiency in its generation activities.

The Client

Elektroprivreda Srbije, (EPS), the vertically integrated electricity company of Serbia, owned 100 per cent by the Government of the Republic of Serbia..

EBRD Finance

The EBRD is considering providing up to €80 million in a sovereign guaranteed loan to EPS along with a parallel  loan of €60 million to be provided by KfW.

Project Cost

€165.2 million.

Environmental Impact

The project has been categorised A under EBRD’s Environmental and Social Policy. EBRD engaged environmental consultants to review the EIAs for this project and assist EPS in preparing a Non-Technical Summary, an Environmental and Social Action Plan and a Stakeholder Engagement Plan. These documents were publicly disclosed, locally and on the internet in both Serbian and English.

The Project is designed to generate the following main benefits:

  • RB Kolubara will extract its natural resources more efficiently and cleanly
  • RB Kolubara will supply lignite to its existing client power plants that is of a uniform quality. This will allow those plants to generate in accordance with their design parameters, leading to more stable and efficient operation and controlled uniform emissions. It will also allow those plants to stop using heavy fuel oil when lignite quality is too low. Taken together this will result in lower levels of CO2 and other emissions as well as reduced wear and tear and maintenance costs.
  • These benefits will contribute to the reduction of air emissions associated with coal extraction, help achieve national air emissions targets including CO2, and assist the operators of the power plant in achieving increasingly stringent emission limits set by the recently introduced EU Directive 2010/75 on Industrial Emissions (integrated pollution prevention and control).
    Environmental Impact Assessments have been undertaken for both the Field C and Tamnava West sites in line with national and EU legislative requirements.

Land acquisition and resettlement was substantially completed in 2008 in line with EBRD policy and Serbian legal requirements. An ESAP was agreed with EPS and RB Kolubara. The main measures required by the ESAP are:

  • Inception Plans for both mine sites that will describe the detailed mitigation and monitoring measures needed, based on the requirements identified in the EIAs for Field C and Tamnava West, and will set out a programme detailing when and how the measures will be implemented to achieve the requirements.
  • A waste management plan will detail how the requirements of the EU Waste Directive will be met and a strategy for land restoration will be prepared.
  • The Stakeholder Engagement Plan (SEP) will be implemented.
  • RB Kolubara will develop and implement a Human Resources policy.
  • A number of measures are to be taken to strengthen health and safety, and to align it with international best practice.

The ESAP was updated in March 2012 to reflect progress made by EPS and to align the timetable with the project implementation schedule. The revise ESAP and other project document are available at: Environmental and Social Impact Assessment

There is an Environmental and Social Impact Assessment available for this project.

Technical Cooperation


Procurement or tendering opportunities

Visit EBRD Procurement
Enquiries: Tel: +44 20 7338 6794; Fax: +44 20 7338 7472, Email: procurement@ebrd.com

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168; Fax: +44 20 7338 7380
Email: projectenquiries@ebrd.com

Public Information Policy (PIP)

The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations.
Text of the PIP

Project Complaint Mechanism (PCM)

The EBRD has established the Project Complaint Mechanism (PCM) to provide an opportunity for an independent review of complaints from one or more individuals or from organisations concerning projects financed by the Bank which are alleged to have caused, or likely to cause, harm. The Rules of Procedure governing the PCM can be found at www.ebrd.com/downloads/integrity/pcmrules.pdf, the Russian version can be accessed at http://www.ebrd.com/downloads/integrity/pcmrulesr.pdf

Any complaint under the PCM must be filed no later than 12 months after the last distribution of EBRD funds. You may contact the PCM officer (at pcm@ebrd.com) or the relevant EBRD Resident Office for assistance if you are uncertain as to the period within which a complaint must be filed.

Project Summary Documents are created before consideration by the EBRD Board of Directors. Details of a project may change following disclosure of a Project Summary Document. Project Summary Documents cannot be considered to represent official EBRD policy.

Last updated 14 March 2012