Post by account_disabled on Mar 9, 2024 4:06:32 GMT -5
A consortium of Chinese companies will build an 84-megawatt wind farm in the southwest of Bosnia and Herzegovina, which will be the largest in the Balkan country and whose works, which will begin next spring, will involve a total investment of about 100 million euros.
This consortium, composed of Ecuador Mobile Number List China National Technical Import & Export Corporation and Powerchina Resources Ltd, obtained all the necessary permits to begin construction of the plant, which is estimated to produce 236.6 gigawatt hours of electricity annually.
The consortium acquired the project from a local company that was awarded the project concession in 2008.
Until now, Chinese companies have invested in this country mainly in coal-fired power plants and this will be their first investment in green energy within a national plan to gradually reduce coal energy production, with the aim of completely stopping its production by the year 2050.
Putting this investment in context, last year Bosnia and Herzegovina recorded a significant increase in foreign investment. The greatest interest of investors was focused on the energy sectors (with more than 127 million euros), agriculture, tourism and the metallurgical sector. In total, from January to September 2021, the total investment received is estimated at about 1,049 million euros, according to figures from the Central Bank of Bosnia and Herzegovina.
Chinese companies have invested in several large infrastructure projects, including a 350 million euro loan from the China Development Bank for the construction of the Stanari coal-fired power plant, carried out by Dongfang Electric Corp.
At the end of 2021, there were 135 projects linked to China in the Balkans worth more than €32 billion in metallurgy, mining, energy and transport.
The outlook for global FDI in 2022 is positive, according to the report, although the growth rate of 2021 is unlikely to be repeated, as there is a very large base effect, but large flows of investment in infrastructure are expected. The evolution of the pandemic and the global geopolitical scenario will also be decisive.