Proposed Price Adjustments: Heating Costs in Sofia May See Significant Reduction
"Toplofikatsia Sofia," the capital's heating supply company, has proposed a significant reduction in the price of thermal energy starting from July 1st
Bulgaria's Prime Minister Boyko Borissov and Lower Austria Governor Erwin Proell will break ground for a new co-generation facility in Plovdiv, Southern Bulgaria.
The new power plant will be constructed by Bulgaria's Austrian-owned power utility EVN EVN Bulgaria near the Plovdiv North Heating Plant.
The company plans to invest BGN 100 M in the new electricity and heating plant, which will be the most modern cogeneration not only in Bulgaria, but also in the Balkans.
The new plant will run on natural gas, and will be 20% more efficient than the existing Plovdiv North Power Plant.
The production of electricity is expected to help stabilize the electricity supply in the region. EVN is the electricity distribution company for South-central and Southeastern Bulgaria.
According to the Manager of EVN Bulgaria Toplofikatsia, the new facility will be more-environment friendly, and will use latest technology, which guarantees it will operate for 20 years without failures and repairs.
The plant is scheduled to be fully operational by the end of 2011.
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