Bosnia: CMEC China targets another major energy greenfield RES project

, SEE Energy News

After the successfully contracted project of construction of new power plant unit in Kostolac, Chinese company CMEC steps into neighboring Bosnia targeting wind park construction and financing project.

Representatives of the Chinese companies CMEC and CAIDC signed a Memorandum of understanding with the company Gradina from Tomislavgrad. This contract provides the construction of a wind farm worth 150 million euro in the area of this municipality in the south-west part of BIH, next year.

The Memorandum of understanding was signed by the owner of the company Gradina d.o.o. Tomislavgrad Mate Dukić and the representatives of Chinese companies Li Xuegiang from CMEC (China machinery engineering corporation) and Mu Yushi from CAIDC (China –Africa investment and development Co.). The document provides the construction of the wind farm in the area of Tomislavgrad municipality with integrated capacity of 112 MW and the deadline for construction is 2017. The total amount of the investment is estimated to 150 million euro. It was planned for the Chinese co owners to invest 90 percent of the capital and ten percent is domestic capital.

“It is our goal for the work to begin as soon as possible so that the first Megawatts of electric power can start coming from the wind farm” Dukić said.

According to him a part of construction work has been finished. The president of Federation BIH Marinko Čavara, who was present at the signing of the Memorandum stressed the significance of the implementation of this project.

It will be a good sign and advertisement to others that are much closer to us geographically, to invest when despite of tough times Chinese have come all the way here to invest in BIH. This is a sign that we have investment potential and creates a new positive stream, said Čavara.

There will be 35 turbines in the wind farm in the area of 16 square kilometers. We are expecting 20 jobs to be open, and Tomislavgrad would receive around half a million euro from the fees while Hercegbosanska county would receive a quarter of a million euro per year, transmits