FIPA Activities

CAPITAL GROUP VISITED FIPA: INVESTMENT OVER 300 MILLION BAM IN THE ENERGY SECTOR

2/11/2016

Idris Fatih Sahin, owner of Capital Group in Istanbul, and his associates visited the FIPA Agency on 10 February, where he talked with the Director Gordan Milinić and the regional representative of FIPA for Herzegovina Amir Kazić about the implementation of their investment projects in BiH.

It is about projects of solar energy worth 300 million BAM, and projects in the field of tourism and agriculture also worth a few hundred million BAM.

Projects of the solar energy include in the first phase of implementation 100 MWp of solar photovoltaic power plants across the country, out of which a unique solar photovoltaic power of 65MWp will be built in Bančići, Ljubinje. Also, everything is ready to begin construction of solar photovoltaic power plant (SFE) Čapljina-Neretva1 of power 5 + 5 MWp, SFE Ljubinje1 of 2MW, SFE Mostar1 of 5MW, SFE Mrkovići1 of 1.5MWp.

The said company also plans to build wind farms in the first phase till to 250 MW.

Istanbul Capital Group is owner and founder of ITM Controls Ltd. Sarajevo, Sarajevo Solar IFS, IFS Solar Ljubinje, Smart Energo Sistemi Pale and Energoinvest TAT-IFS which makes the backbone of a big step forward the enlargement of the solar electricity production.

Considering that Capital Group together with ITM Controls invests simultaneously in both the renewable energy and in the production of healthy food and tourism, it will soon open in Sarajevo at Ferhadija Street the first in a chain of specialized boutique "health food-energy" which will be placed some of its own products from eco villages Ekofutura Hreša, Biona Vogošća and also products from subcontractors from the project Jahorina Organic Farm, products of the Alpine goats farm Žepa and others.

ITM Controls implemented the first official solar power plant in BiH and one of the first in the EU - Los Rosales1 of 3.9 kWp in 2008 in Mostar.

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