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Genertec's wind power project in BiH gets green loan underwritten by SINOSURE


Earlier this month, Genertec CNTIC received a green loan from DBS Hong Kong for investment in and construction of its 84 MW VE IVOVIK d.o.o Sarajevo Project, a wind power project in Bosnia and Herzegovina (BiH). This is also the first ever green loan underwritten by China Export & Credit Insurance Corporation (SINOSURE).

The green loan accords with the Green Loan Principles, which was jointly released by the Loan Market Association and the Asia Pacific Loan Market Association in February 2021, and belongs to the special loan established by financial institutions to support enterprises and projects in clean energy and other areas with advanced technologies and international competitiveness.

The wind power project is a major project included into the Outcome List of China-Central and Eastern European Countries (CEEC) Summit in 2021.

Once completed, it will become the largest new energy power generation project in BiH, as well as the largest energy project invested and constructed by a Chinese enterprise in the country.

Since the construction of the project started at the end of last year, it has advanced steadily and made many breakthroughs.

In March, the anchor bolt components of the project were sent out from Shanghai's Yangshan Port via container ships in two batches.

At the same time, the project's main crane finished debugging and testing, and it officially entered into the stage of crane operator training, which laid a solid foundation for the subsequent wind turbine hoisting.

On April 11, the detailed survey of the wind turbine sites at the construction site of the project was initiated, which was meant to investigate the stratigraphic structure in the area.

Under the extremely harsh environment, the detailed survey team completed the installation and testing of the machines and drilling work at the first wind turbine site within several hours, successfully accomplishing the tasks for the first day of the detailed survey, which laid an underpinning for the follow-up sampling, experimenting, analysis and evaluation.