Loan Agreement on construction the Unit 7 was signed

At the Summit Initiative 16+1 in Budapest , on November 27th, 2017 , was signed a Loan agreement for financing the project of construction Unit 7- 450 MW at thermal power plant „Tuzla“

The signing of the Loan Agreement were  attended by  16  Prime Ministers of Central-Eastern Europe countries and  Prime Minister of the People's Republic of China.
The value of  the Loan  Agreement for construction  Unit 7  amount to  EUR 722  million.
Chinese Bank EXIM  will finance the construction of Unit 7  with credit  amounting to 613 million  Eur, with previously agreed terms that imply the Loan duration of 20 years  and 5 years of grace period.  
The representatives  of  JP Elektroprivreda BiH at Summit were: Bajazit Jašarević, General manager;  dr.Senad Salkić, Executive manager for capital investment;   Muhamed Ražanica, Executive manager for commercial affairs; Edib Bašić, Advisor to General manager and Goran Milošević, Secretary of the Company.
For the Loan Agreement signed  for  credit  line  for financing project for construction Unit 7  - 450 MW at TPP Tuzla is required approvals of FBiH Parliament and  the Assembly of JP Elektroprivreda BiH.
JP Elektroprivreda BiH  will continue intensive activities for obtaining Guarantees of  Federation BiH   also refer the  loan agreement  in  the parliamentary procedure.