China Funds And Builds Europe’s New Coal Power Plants

Smart China – builds Windmill’s and solar panels for the eco-brainwashed West. And when they fail to deliver quality and reliable power, build and fund coal-fired power plants for the West!

Another “you cannot make this stuff up” scenario from the knee-jerk world of climate hysteria.

NOT A LOT OF PEOPLE KNOW THAT

By Paul Homewood

image

From GWPF:

The Balkan region’s first privately-funded power plant came online on Tuesday, increasing the region’s dependency on coal-fired power stations even as environmental concerns are driving them to the brink of the extinction elsewhere in Europe. It was built by China’s Dongfang Electric Corp and financed with the help of a 350 million euro ($391.13 million) loan from the China Development Bank.

12695704_1105035419547413_517487592_n

Coal-fired power plant Stanari

Planned coal power plants in south-eastern Europe; source Bankwatch

The 300-megawatt plant, in the northern Bosnian town of Stanari, is a foreign investment in a chronically impoverished country that remains heavily dependent on foreign aid more than 20 years after it emerged from war.

Even though the Western Balkans has a power deficit, European investors are reluctant to finance more polluting coal which forms the backbone of supply in the region, attracting Chinese financiers and contractors.

Work on the investment…

View original post 439 more words

Advertisements


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s