According to EBRD website, the project will transfer the production of steam and blast air for ArcelorMittal Zenica's steelworks and the production of district heating water for the City of Zenica, from currently ArcelorMittal Zenica to a modern CHP owned by the Borrower. The Project will entail the replacement of all outdated, coal-based steam generators with modern units fully using recovery gases from the steelworks and natural gas (as back up). The transition impact of the proposed project will be derived from:
Toplana Zenica d.o.o. will be a joint venture incorporated in BiH for the purpose of operating the CHP mainly providing steam and hot air to AMZ, and steam to the City of Zenica. Shareholding of the Borrower will be: AMZ, the main offtaker (BiH, 50%), main equipment provider KPA Unicon (Finland, 15%), Finnfund (development fund of the Finnish government, 15%) and the City of Zenica (20%).
Project Contact: Nikhil Mehta
Email Address: Nikhil.Mehta@arcelormittal.com
ACCOUNTABILITY MECHANISM OF EBRD
The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent. You can contact the PCM at email@example.com or you can submit a complaint online using an online form, http://www.ebrd.com/eform/pcm/complaint_form?language=en. You can learn more about the PCM and how to file a complaint at http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html.