Renewables

Ivicom Consulting signs deal on EUR 61.3 million wind farm in Bihać

Photo: Pixabay

Published

February 18, 2019

Comments

0

Share

Published:

February 18, 2019

Comments:

0

Share

The government of the Una-Sana Canton and Croatia’s Ivicom Consulting have signed a contract to regulate the parties’ relations concerning a concession agreement to build and operate wind turbines, each with a capacity of up to 5 MW, on the territory of Bihać, paving the way for launching a study on the economic viability of the BAM 120 million (about EUR 61.3 million) project, according to a press release from the cantonal government.

This will be a second wind farm on the territory of Bosnia and Herzegovina, Mustafa Ružnić, the canton’s premier, said following the signature on February 14. According to earlier reports, the cantonal government gave the go-ahead for signing the contract with Ivicom in early January this year.

Economy minister Nijaz Kadirić, who signed the contract with the investor’s representatives, said this will be the biggest electricity generation project in the canton ever, adding that he hopes the study will confirm the potential for building the proposed wind farm, in what would make this part of the country independent in terms of electricity production.

Kadirić also said he hopes the research will show that the selected location, called Teočak, has the potential for building a wind farm with an installed capacity of 40 MW.

According to previous reports, the initial steps concerning the wind farm concession were taken in 2016.

Ivicom also working on Podveležje wind farm

Research on the selected location will take a year, according to Dinko Čondić, a representative of the Croatian firm, which is a member of Austria’s Ivicom Holding. Čondić recalled that Ivicom is currently also working on a wind farm in Podveležje in Mostar, and that the company has been involved in about 15 energy projects across the region.

According to earlier reports, Ivicom signed a memorandum of understanding last year with Montenegrin state power utility Elektroprivreda Crne Gore (EPCG) on a project to build the Gvozd wind farm in the municipality of Nikšić, with a projected installed capacity of 50 MW, in an estimated investment of about EUR 70 million.

Ivicom was also involved in developing the 72 MW Krnovo wind farm, which was put in operation in November 2017. Krnovo was built by France’s Akuo Energy and Ivicom, but the United Arab Emirates (UAE)-based Masdar has since signed an agreement to buy a 49% stake in the wind farm’s operator, a firm called Krnovo Green Energy.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

Minister Dubravka Dedovic Djedovic Handanovic Female Leader of Energy Transition award

Minister Dubravka Đedović Handanović receives Female Leader in Sustainable Energy award

29 September 2023 - President of CPOR and Cofounder of WISE Serbia Branislava Jovičić handed the Female Leader in Sustainable Energy award to Minister Dubravka Đedović Handanović

Bulgaria-add-42-GW-wind-outside-protected-areas

Bulgaria could add as much as 42 GW from wind outside protected areas

29 September 2023 - A study found that Bulgaria is expected to increase its total wind power capacity by...

Alcazar Energy fund acquires rights wind power Bijela Montenegro

Alcazar Energy fund acquires rights to wind power project Bijela in Montenegro

28 September 2023 - Luxembourg-based Alcazar Energy took over the Bijela wind farm project in Šavnik in Montenegro, of 118 MW

tesanj mayor suad huskic solar energy

Solar to cover 70% of local electricity demand in Tešanj in BiH

28 September 2023 - The Municipality of Tešanj is one of the most successful in the use of renewable energy sources in Bosnia and Herzegovina