EBRD homepage
About the EBRD
News & events
Publications
Countries & topics
Projects
 
Project summaries

Approved & signed

Case studies

Environmental documents

Evaluation
Apply for financing
Environment
Capital markets
Working together
 

 

Project summary document

Project name:EPS Power II
Country:Serbia
Project number:27005
Business sector:Power and Energy
Public/Private:Public
Environmental category:A
Board date:15 July 2003
Status:Signed
Date PSD disclosed:
Date PSD updated:
19 August 2002
30 October 2003
Help

Subscribe to PSD
email alerts

Related links
Serbia homepage
Power and Energy homepage
EPS Power II [Environmental Impact Assessment]
EBRD loan fuels energy supply in Serbia and Montenegro [Press Release]
Power and Energy utilities showcase [EBRD - Sectors]

Project description
and objectives:

Proposed modernisation of equipment installed at the Tamnava West lignite mine and upgrade of the Power System Control and internal communications. Both components identified as priority investments by EPS.

Modernisation of mine management and control of existing Tamnava West mining field to increase lignite production. Upgrading of the power system control and communications in order to increase efficiency of power supply.

Transition impact:

A cost-effective and reliable supply of fuel is key to the restoration of the backbone infrastructure required for further improvement of the power sector. The improved control and communications system is a pre-condition to Serbia’s full membership in the Union for the Coordination of Transmission of Electricity (UCTE) and is key to the regional network. Further the loan will be conditioned on overall sector reform as well as those specific to the mining and transmission sectors.

The client:

Elektroprivreda Srbije (EPS), the vertically integrated electricity utility for the Republic of Serbia responsible for 95% of the electricity generation in the FR Yugoslavia.

EBRD finance:

Long-term sovereign-guaranteed loan of €50 million for two components: a) €35 million for investment in lignite mines; b) €15 million for investment in the communications network.

Cofinancing for the communications network component from European Investment Bank (€25 million loan), and State Secretariat for Economic Affairs (SECO) (€10 million grant).

Total project cost:

€60 million, including EPS contribution of €15 million.

Environmental impact:

The project consists of two components: a) investment in a lignite mine (for which a summary environmental analysis is annexed to this document) and b) investment in the communications system of EPS (which does not have a material environmental impact).

There is an Environmental Impact Assesment available for this project.

Technical
cooperation:

The European Agency for Reconstruction has provided TC funds for: a) Pre-feasibility study of the mining component; b) Feasibility study of the mining component; c) Environmental impact assessment of the lignite mines.

Further TC funds were provided by SEETEC and SECO (Feasibility study of communications component)

For consultant opportunities for projects financed by technical cooperation funds, visit procurement of consultants.

EBRD contact:

Harry Boyd-Carpenter, Operation Leader: boydcarh@ebrd.com

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


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.
Terms and conditions Sitemap Feedback