BECHTEL TO ENACT UPPER ARDA PROJECT

Business | April 3, 2001, Tuesday // 00:00

US construction company Bechtel is ready to start working on the construction site in Upper Arda right away in the case that the Oxford Consortium signs a contract with the National Electricity Company. The consortium has received confirmation from ABSA Bank that it is ready to grant a credit of $30 M for the reconstruction of the existing hydro power plants in Upper Arda right after the conclusion of the contract and another $200 M for the development of three new hydro schemes in Madan, Ardino, and Saritsa.

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