TENDER FOR GORNA ARDA LAUNCHED SOON

Business | May 22, 2001, Tuesday // 00:00

International tender for a strategic investor for Gorna Arda (Upper Arda) hydro-power cascade will be launched soon, Evgeni Chachev, Minister of Construction and Regional Development, said. Most likely the strategic investor will be chosen in the next six months, he added. The investor will be directly responsible for the construction, guaranteeing financing and holding tenders for sub-contractors. The construction of the cascade should be initiated in June 2002, Chachev said. The US Behtel has expressed interest in the construction, as well as the Italian ENEL, the Belgium Tractabel, one Canadian and one Norwegian company, Chachev specified.

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

Business » Be a reporter: Write and send your article

Advertisement
Advertisement
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria