Bulgaria Expects Hefty Energy Investments

Business | August 27, 2004, Friday // 00:00| Views: | Comments: 0
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Bulgaria Expects Hefty Energy Investments Bulgaria's Energy Minister Milko Kovachev expects investments in major energy projects to exceed EUR 6 B by 2007. Photo by Yuliana Nikolova (novinite.com)

Bulgaria plans investments in major energy projects to exceed EUR 6 B by 2007, accounting for 28% of the total investments in the country.

Funding for projects worth EUR 3 B has been secured and they are already underway, including the upgrade of thermal plant Maritza East 3 and nuclear power plant units 5 and 6, the launch of a sulphur purifying installation at Maritiza East 2, the rehabilitation of heating plants.

Energy Minister Kovachev expects the bidders for the power distribution utilities to declare interest in the sale of the heating utilities as well.
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