Bosnia and Herzegovina, Luxembourg company new majority owner of Ivovik wind farm project

, SEE Energy News

Following Bosnia‟s Canton 10 Government‟s approval of the request of Sinohydro Holding, a subsidiary of Chinese Powerchina Resources, for the sale of its 51 % stake in local company which in charge of the construction and operation of wind farm Ivovik, the share was sold to Luxembourg-based Ivovik Wind Power.

The shareholders in the project company VE Ivovik are now: Ivovik Wind Power with 51 %, CNTIC Capital, a Hong-Kong based subsidiary of China National Technical Import & Export Corporation, with 39 % stake and individual investor Ekrem Nanic with 10 % stake.

The construction of the wind farm was officially launched last December. The future wind farm will have installed capacity of 84 MW, while the investment in its construction is estimated at 130 million euros and estimated annual electricity generation of 236 GWh. It will be located in the area between Tomislavgrad and Livno. VE Ivovik received the construction permit for the project in 2020.