News

Financial Services

Staff Reporter

, Hong Kong

Published:

3 years ago

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Project Ivovik. Photo from DBS Hong Kong

DBS, CNTIC ink $122m green bridge loan deal to fund wind farm project

The project will be in Tomislavgrad and Livno in Bosnia and Herzegovina.

Financial services firm, DBS Hong Kong, and offshore investment, CNTIC Capital Company Limited, inked over $122m (€15m) worth of green bridge loan deal to finance CNTIC Hong Kong’s wind farm project.

Also included in the deal is Genertec, a wholly subsidiary of China General Technology Group and one of the largest engineering, procurement, and construction conglomerates in China.

The project, titled Project Ivovik, will be established in Tomislavgrad and Livno in Bosnia and Herzegovina. It will also be developed by CNTIC Hong Kong and PowerChina Resources

With an installed capacity of 84 milliwatts, the wind farm will aid in reaching carbon peak and carbon neutrality in Bosnia and Herzegovina.

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