The European Investment Bank and European Bank for Reconstruction and Development said on Friday that they had "moved ahead with their financial support" for the construction of a EUR 1.3b new generator at the Šoštanj coal-fired TEŠ power plant reports STA. The completion of the project will provide Slovenia with a state-of-the-art 600 MW steam turbine power plant with a much higher degree of efficiency than the existing 5 units which the new plant will replace  The banks stated that "their disbursement of funds for the project follows a comprehensive assessment by the banks of the fulfilment of the conditions...set under the relevant finance contract, including those relating to the guarantee of...Slovenia ratified by the Slovenian parliament on 21 December 2012".
The completion of the project will provide Slovenia with a state-of-the-art 600 MW steam turbine power plant with a much higher degree of efficiency than the existing 5 units which the new plant will replace. The new plant will generate up to 30% more electricity with no additional CO2 emissions, the press release says.