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.