Page 13 - AsiaElec Week 38 2022
P. 13
AsiaElec RENEWABLES AsiaElec
PowerChina Resources
sells majority stake in
Bosnian Ivovik wind project
JAPAN POWERCHINA Resources has sold its majority Import and Export Corp.) would keep 39% of
stake in the Ivovik wind park in Bosnia & Herze- the project firm and Ekrem Nanic of Banja Luka
govina to a Luxembourg-based company, Balkan will retain its 10% stake.
Green Energy News reported on September 20. The government of the Federation of Bosnia
The sale was approved by the government of & Herzegovina allowed the canton to issue a per-
Bosnia’s Canton 10, which allowed Sinohydro mit for the Ivovik construction in 2020.
Holding, a subsidiary of PowerChina Resources, The wind farm will have 42 turbines with a
to sell its 51% stake in the Ivovik project to Lux- total capacity of 84 MW. Its annual output is esti-
embourg-based Ivovik Wind Power earlier in mated at 236.6 GWh.
September. The investment in the wind park is estimated
CNTIC Capital (China National Technical at €130mn.
Week 38 21•September•2022 www. NEWSBASE .com P13
