Chinese companies eye construction of wind-park in Bosnia

Two Chinese companies -- CMEC and CAIDC -- on Thursday inked a memorandum of understanding with the local Gradina company on the construction of a EUR 150 million wind-park in Tomislavgrad, south-western Bosnia and Herzegovina.

During the ceremony in the city of Mostar, the document was signed by senior executives of  CMEC ("China Machinery Engineering Corporation" and CAIDC ("China-Africa Investment and Development Co. Acquisition") and Gradina's owner.

The project envisages the construction of a 112-megawatt windpark with 35 turbines, and the construction should be finalised in 2017. The plant would to employ 20 workers.

The Chinese companies are expected to invest 90% of the estimated 150 million euros and the rest would be ensured by domestic capital.

The president of the Croat-Bosniak federation in Bosnia and Herzegovina, Marinko Cavara, praised the project as exceptionally significant.

Last update: Thu, 14/01/2016 - 20:10

More from Balkan

Vucic, Zvizdic say Serbia, Bosnia committed to dialogue

Serbia and Bosnia and Herzegovina are committed to dialogue and cooperation, and they can enhance their relations...

Ljubljana to transport its plastic waste to Vienna incinerator

Waste plastics collected in the Slovenian capital of Ljubljana will be transported to Vienna for incineration in one...

Nikolic, Vucic to attend Brussels talks on relaxing Serbia-Kosovo ties

The Serbia-Kosovo negotiations on the normalisation of the relations between those two neighbouring countries will...

Serbia to receive additional EUR 4mn from EU for migrants

Serbia will receive an additional EUR 4 million in aid for migrants, European Commissioner for Humanitarian Aid and...

Bank of China opens Belgrade branch

The Bank of China formally opened its branch in Belgrade on Saturday, which is expected to provide an additional...