Croatia:

Chinese Firm to Build Geothermal Plant in Croatia (EastDay.com)

China International Investment Stock Ltd, has signed a contract to invest US$415 million in building a paper mill and geothermal power plant in Croatia with local firm PAN Papirna Industrija.

The paper and cellulose-making facility and a geothermal plant to supply power will be built in Slatina, west Croatia, Winston Chia, CEO of the Chinese group, said in Zagreb. The Qingdao-based firm will hold a 70 percent stake in the investment, while the rest will be held by PAN Papirna.

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