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EBRD to fund Slovenian green power plant

The European Bank for Reconstruction and Development (EBRD) announced in that it will fund a green unit in a power plant in north-est Slovenia.

The EBRD board has approved a loan of up to €200 million to a thermal power plant in the city of Šoštanj, owned by the Slovenian state. It produces thermal energy for both industrial use and district heating. The power plant plays a vital role in Slovenia's electricity production.  

The new unit is designed to be carbon capture storage ready (CCS-ready) and will be the EBRD’s first project able to apply CCS technology. The thermal power plant will utilize high efficient energy technology and will reduce emissions by around 1.2 million tons of CO2 every year.

The project will be co-financed by the European Investment Bank. (BBJ)