| Project Detail |
Project Description
Provision of a long term senior loan of EUR 41 million to the joint venture Toplana Zenica d.o.o. for the construction of a new Combined Heat & Power Plant (CHP). The project will transfer the production of steam and blast air for ArcelorMittal Zenicas steelworks and the production of district heating water for the City of Zenica, from currently ArcelorMittal Zenica to a modern CHP owned by the Borrower. The Project will entail the replacement of all outdated, coal-based steam generators with modern units fully using recovery gases from the steelworks and natural gas (as back up).
Project Objectives
The proposed project will replace and modernise the existing CHP and provide sustainable source of power and heat for the City of Zenica and Arcelor Mittal Zenica, and will substitute the use of coal with the use of process gases from the steelworks as fuel, and as a result achieve substantial reduction in CO2 emissions, as well as improvement in dust, NOx and SO2 emissions. The Project will also significantly improve the reliability of district heating supply to the City |
