BRD arranges €46m loan to replace coal-fired plant in Bosnia

The European Bank for Reconstruction and Development (EBRD) has arranged a €46-million financing package to replace a highly polluting coal-fired plant in the central Bosnian town of Zenica, the bank said on Friday.

The new combined gas-fired cogeneration plant, Toplana Zenica, will supply power and heat to Zenica and its largest employer, an ArcelorMittal steel plant, the bank said in a statement.