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TaiwanICDF and EBRD together help boost efficiency of major steel factory in Bosnia and Herzegovina

TaiwanICDF and EBRD together help boost efficiency of major steel factory in Bosnia and Herzegovina

International Cooperation and Development Fund (TaiwanICDF) and the European Bank for Reconstruction and Development (EBRD) provided a loan to a heat and power (CHP) plant originally associated with ArcelorMittal Zenica steel plant in Zenica, the fourth largest city in Bosnia and Herzegovina. The loan is to increase energy efficiency of the facilitiesand build a cleaner environment for the city through the modernization and upgrade of the CHP station, which has been operating since the Soviet era. The loan agreement will be entered into and become effective on March 15.

ArcelorMittal, as the world’s largest steel group, its steel factory in Zenica has been the main employer of the city. However, the CHP station relies on coal for steam generation and has become inefficient with age, causing high carbon emissions and harmful SOx pollutants. The loan project is therefore to replace all coal-based steam generators with gas-based units compliant with EU requirements and maximize the recovery of waste gases generated during the production process. The generated steam and electricity will be further provided for the steel production process as well as the district heating to the city of Zenica.

It is expected that the project will result in a reduction in excess of 220,000 tons of CO2e per year and SOx and NOx emission, which will be reaching compliance with the EU Industrial Emissions Directive. The discontinuation of the ash discharge in nearby lagoons is also expected. By encouraging utilization of best available green technologies, EBRD has been playing a critical role to drive green economy transition for its region and make contributions to mitigate the impact of climate change, showcasing the possibility of economic and environmental performance going hand in hand.

TaiwanICDF sponsored the establishment of the EBRD Green Energy Special Fund (GESF) in 2011 to promote utilization of advanced and highly efficient technologies in municipal infrastructure and private sector investments in the EBRD’s countries of operations. GESF has been tightly linked to the reduction of carbon emission to better respond to the Paris agreement in 2016 for limiting the temperature increase and the carbon emission. The TaiwanICDF has also supported power distribution projects in Bosnia and Herzegovina through GESF, aside from other green projects in Eastern Europe and western Asia such as LED lighting and waste to energy. Echoing the EBRD’s Green Economy Transition approach, environmental sustainability is now one of the core areas of cooperation between the TaiwanICDF and EBRD.

(Photo provided by European Bank for Reconstruction and Development (EBRD))

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  • Date:2019/3/15