The table below shows the breakdown of the investments held in associates as of March 31, 2018 and December 31, 2017:

	Balance as of March 31,		Balance as of December 31,
	2018		2017
	($ in thousands)
Evacuación Valdecaballeros, S.L.		9,061		9,175
Myah Bahr Honaine, S.P.A.(*)		45,399		43,365
Pectonex, R.F. Proprietary Limited		3,188		3,244
Evacuación Villanueva del Rey, S.L		-		-
Total		57,648		55,784

(*) Myah Bahr Honaine, S.P.A., the project entity, is 51% owned by Geida Tlemcen, S.L. which is accounted for using the equity method in these Consolidated Condensed Interim Financial Statements. Geida Tlemcen, S.L. is 50% owned by Atlantica.