EUR 200 M Renewable Energy Project to Start in Northern Bulgaria

Business » ENERGY | March 9, 2009, Monday // 00:00| Views: | Comments: 0
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Bulgaria EUR 200 M Renewable Energy Project to Start in Northern Bulgaria: EUR 200 M Renewable Energy Project to Start in Northern Bulgaria The Japanese Mitsubishi Corporation and the Bulgarian Dei Energy will build an EUR 200 M ecological energy park near the Northern Bulgarian city of Pleven. Photo by BGNES

The Japanese Mitsubishi Corporation and the Bulgarian Dei Energy will build an EUR 200 M ecological energy park near the Northern Bulgarian city of Pleven, the Pari Daily reported.

The park will be built on 1,800 dekares of abandoned land in the Gulyantsi Municipality, in the Pleven Region. There project will include both wind mills and photovoltaic panels with a total capacity of 160 MW. The construction is scheduled to begin in 2010, while the completion is planned for 2012. Many local contractors will be involved.

"Our research in the region shows that the wind mills will be able to operate nearly 2 000 hours a year, and the investment amount will be recovered in 8-10 years", the Dei Energy CEO, Ivan Tihov, explained. The photovoltaic panels will be located on the Danube river's shore, producing energy of 1,200-1,300 hours a year, he added.

Dei Energy has had similar projects near Bulgaria's Sliven. The company will start another wind park there in the next few days. Its power will be 150 MW.

"We plan to build several renewable energy parks around Bulgaria with total a power of 500-600 MW", Tihov said.

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