Croatia's Koncar Elektroindustrija Plans To Build 200 Mln Kuna (27.5 Mln Euro) Wind Farm - Media

Croatian blue-chip electrical equipment producer Koncar Elektroindustrija said on Wednesday it plans to build a 200 million kuna ($38 million/27.5 million euro) wind farm in the Adriatic town of Split with a total capacity of 17.5 megawatts (MW), local media reported.

The company has finally secured the necessary building permits and will start the construction of the facility in which Koncar will invest 80 million kuna in cash and will borrow the remainder, business news portal Bankamagazine (www.bankamagazine.hr) quoted Koncar CEO Darinko Bago as telling a news conference.

Koncar will install 15 power generating units with a 1.0 MW capacity each and one 2.5 MW power generator, Bankamagazine added.

All of the equipment will be manufactured locally with the exception of the rotor blades, Bago was quoted as saying.

The investment plan will be reviewed by the Supervisory Board of the company by the end of the month to get the all-clear.

Koncar (www.koncar.hr) manufactures goods ranging from equipment for power plants and trams to portable computers and cookers.

Koncar, one of the 24 components of the benchmark Crobex index of the Zagreb bourse, closed down 1.28% at 461 kuna on Wednesday.

(1 euro = 7.2581 Croatian kuna)

Choose your newsletter by Renewables Now. Join for free!