Bulgarian-German Firm BCI to Invest EUR 200 M in Bulgarian Solar Park

Business » ENERGY | June 30, 2011, Thursday // 18:24
Bulgaria: Bulgarian-German Firm BCI to Invest EUR 200 M in Bulgarian Solar Park Bulgaria's Kazanlak will see a massive FDI of EUR 200 M in a photovoltaic park. Photo from kazanlak-bg.info

Bulgarian-German company BCI OOD is going to invest over EUR 200 M in a photovoltaic park in the Kazanlak Municipality in Central Bulgaria.

The solar power park will be located in three villages in the municipality – Yasenovo, Cherganovo, and Golyamo Dryanovo.

The investment decision has been finalized after the Kazanlak Town Council voted to provide BCI with a construction permit right for 30 years, the Stara Zagora Chamber of Commerce announced.

To enjoy the construction right for the photovoltaic park, BCI will pay the Kazalnak Municipality BGN 1.936 M, a sum equal to the taxation estimate of the value of the agricultural land, or about BGN 1 100 per decare of land.

According to Nedko Mladenov, CEO of BCI OOD, the investment will open 1000 new jobs for a period of one year, while the construction of the solar park lasts, plus 100 permanent jobs after that for the maintenance of the photovoltaic power plant during its 30-year period of operation.

Once it is realized, the BCI investment will be larged foreign direct investment in the Kazalnak Municipality of all time.

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

Energy » Be a reporter: Write and send your article
Tags: solar park, Photovoltaics, photovoltaic, solar power, Kazanlak, Stara Zagora Chamber of Commerce, BCI ODD, Nedko Mladenov, foreign direct investments, FDI
Expats.bg All Are Welcome! Join Now!
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