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Belarus : BELARUS wants $90m loan from IBRD to improve energy-efficiency.

The Currency and Credits Commission of the Belarusian Council of Ministers has offered approval for the State Standardization Committee and the Energy Ministry s plan to fish out an extra loan of up to $90 million from the International Bank for Reconstruction and Development (IBRD) in order to carry out an investment project intended for increasing the country s energy-efficiency.

The IBRD funds will be spent on the execution of two investment projects under the Energy Ministry scheme. The projects plan to renovate the turbines via advanced steam-gas technologies at Mogilev cogeneration Plant No. 1 and to upgrade the Gomel cogeneration Plant No. 1. Moreover, the projects intend to install a combined-cycle gas turbine, a gas-turbine unit, a heat-recovery boiler, plus a steam turbine.

The pitch had been approved by the willing governmental agencies, according to the reported statement of Zhanna Zenkevich - the Head of mass media of the Energy Effectiveness Department of the State Standardization Committee.

The power facilities will initiate deployment of steam-gas technologies in line with the renovation strategy.

The use of steam-gas technologies will facilitate the power plants to boost their production capacity, generate energy, and bolster the presentation of the paraphernalia, which were established earlier.

There will be launch of global tender processes along the lines of IBRD regulations to appoint general contractors in order to sign turn-key deals with them for the execution of the plans.

Upon accomplishment of the modernization of the cogeneration facilities in Mogilev and Gomel, there will be an additional production of 363.1 million kWh of power annually, in turn reducing use of imported fuel of 50,934 tonnes, and save environment via cuts in CO2 emissions. The development process will bolster the performance of the power system and enhance the consistency of heat and energy supply for all types of customers.

The 16-year $90 million loan from the IBRD will have a moratorium period of six years.

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Publication:Mena Report
Date:Mar 4, 2013
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