Bulgaria Signs Deal to Invest in Iran's Solar Energy Projects
A Bulgarian company signed a Memorandum of Understanding (MoU) with Iran to develop solar photovoltaic infrastructure in the Iranian central city of Jahrom, Xinhua reported.
The International Finance Corp. (IFC) is planning to offer a package of EUR 59 M to the French based firm EDF Energies Nouvelles SA for the construction of a solar energy project in South Bulgaria.
The IFC, part of the World Bank, is planning to lend EUR 21 M, syndicate EUR 28 M and offer a EUR 10 M subordinated loan as part of the deal, according to Zibusiso Sibanda, spokeswoman for the IFC, cited by Dow Jones Venturewire.
The 21.4-megawatt solar project in the village of Serm will use First Solar Inc.'s (FSLR) panels and will have a total cost of EUR 83 M, according to the IFC.
Power will be sold under a 25-year contract to state-owned national electricity company NEK. Construction is scheduled to start toward the end of 2010, and the project is due to be fully operational in the first quarter of 2012.
The developer is also planning a second phase of the project nearby, according to the IFC.
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Eurostat's latest findings have shed light on the shifting landscape of household energy prices in the European Union, with Bulgaria emerging as a frontrunner in affordability.
The Nuclear Regulatory Agency (NRA) has greenlit the phased transition to a new type of nuclear fuel for Unit 5 of Kozloduy Nuclear Power Plant (NPP), manufactured by Westinghouse
In a bid to enhance its energy security and diversify its gas supply sources, Bulgargaz is gearing up for the first deliveries of liquefied gas through the Alexandroupolis terminal, set to commence in May
The Greek national electricity company, PPC, has announced plans to acquire 500 megawatts of photovoltaic capacity in Bulgaria
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Bulgaria's state-owned energy company, "Bulgargaz," has suffered a significant setback, losing 27% of its market share as a result of a contract with the Turkish company "Botas"
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