China Funds And Builds Europe’s New Coal Power PlantsPosted: September 22, 2016
Smart China – builds Windmill’s and solar panels for the eco-brainwashed West. And when they fail to deliver quality and reliable power, build and fund coal-fired power plants for the West!
Another “you cannot make this stuff up” scenario from the knee-jerk world of climate hysteria.
By Paul Homewood
The Balkan region’s first privately-funded power plant came online on Tuesday, increasing the region’s dependency on coal-fired power stations even as environmental concerns are driving them to the brink of the extinction elsewhere in Europe. It was built by China’s Dongfang Electric Corp and financed with the help of a 350 million euro ($391.13 million) loan from the China Development Bank.
Coal-fired power plant Stanari
Planned coal power plants in south-eastern Europe; source Bankwatch
The 300-megawatt plant, in the northern Bosnian town of Stanari, is a foreign investment in a chronically impoverished country that remains heavily dependent on foreign aid more than 20 years after it emerged from war.
Even though the Western Balkans has a power deficit, European investors are reluctant to finance more polluting coal which forms the backbone of supply in the region, attracting Chinese financiers and contractors.
Work on the investment…
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