The 600 MW Termoelektrarna Sostanj (TES) thermal power plant in Slovenia is to go ahead with higher efficiency modernisation after over half of the finance was secured from the European Investment Bank and the European Bank for Reconstruction and Development.

The European institutions are to allocate $975m towards the project at the lignite power plant while the remainder of the $1.5bn funding required will be provided by the Slovenian government, according to Energy Business Review.
Termoelektrarna Sostanj thermal power plant
The new unit will replace the existing five units and produce up to 30 per cent of more electricity and emit no additional carbon dioxide in the environment.

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