Renewables

Chinese company CEE acquiring stake in Plandište wind park

Photo: Pixabay

Published

May 11, 2015

Country

Comments

0

Share

Published:

May 11, 2015

Country:

Comments:

0

Share

NIS oil industry, majority owned by Russia’s Gazprom Neft, communicated there was progress in negotiations about a stake at Plandište wind park to be taken over by Chinese company CEE, Sinteza Invest Group brokerage reported. The Serbian company said estimation of financial aspects of the project was in progress.

For the wind park project in Plandište municipality, located in the northeastern part of the country, the plan is to construct 34 wind generators with a total capacity of 102 MW. Total project value is EUR 160 million, while NIS will provide EUR 23 million. In accordance with the document signed in December 2012 by NIS general director Kirill Kravchenko and Energowind director Goran Novaković, NIS acquired a 50% stake in the project.

The plan is to construct 34 wind generators with a total capacity of 102 MW.

In March, Kravchenko announced a EUR 150 million investment in the project with Chinese partners.

NIS had marked the construction launch in September 2013. The building site was opened by Kravchenko and Serbian then-first vicepremier Aleksandar Vučić, today’s prime minister. The project implementation had been entrusted to company NIS Elektrowind, in which NIS holds a 50% stake. The plan, in Kravchenko’s words at the ceremony, had been to complete the project in 12 months.

Tags:

Related Articles

istria adritic sea energy independence offshore wind

Adriatic peninsula Istria intends to use offshore wind to achieve energy independence

27 March 2023 - Offshore wind farms are seen as the only significant source capable of ensuring the energy self-sufficiency of Istria

Renalfa IPP Alpiq s 72 5 MW wind park Bulgaria

Renalfa IPP buys Alpiq’s 72.5 MW wind park in Bulgaria

27 March 2023 - Renalfa IPP agreed to take over the Vetrocom wind farm in Bulgaria, with a capacity of 72.5 MW, from Swiss company Alpiq

Endangered vultures more important than wind farm project in Greek mountains

Endangered vultures more important than wind farm project in Greek mountains

24 March 2023 - The competent institutions opted for the conservation of bird habitats and gave a negative opinion on the wind farm project

virtual power plants distributed production aggregators pandurevci nosbih

Virtual power plants emerge in BiH as seven aggregators pool 120 MW in total

24 March 2023 - The Independent System Operator in Bosnia and Herzegovina (NOSBiH) foresees an increase to 250 MW by the end of the year