Sunday, March 10, 2019

China-built power plant good for Bosnia

So says the state power company, anyway.

In November 2017, “Bosnia’s electric power company Elektroprivreda BiH took a 700-million-euro loan from China’s Exim bank to finish the thermal power plant in Tuzla, the largest single post-war investment in the country.
“Elektroprivreda then hired three Chinese companies to construct the thermal power plant.”
Borrow China money, then hire China companies to spend the money. China has received similar deals for highways in Poland, and for roads, port facilities and railroads in Africa. If the countries can’t pay back the loans, no doubt banks in Europe will be asked for loans, or maybe China will just seize the goods for non-payment.

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