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
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