CEZ Distribution Bulgaria to Invest EUR 765,000 in Grid Upgrades in July

Business » INDUSTRY | July 17, 2017, Monday // 17:55
Bulgaria: CEZ Distribution Bulgaria to Invest EUR 765,000 in Grid Upgrades in July bgnes

CEZ Distribution Bulgaria, a unit of Czech power utility group CEZ, said on Monday it intends to invest BGN 1.5 million (EUR 765,000) in electricity grid upgrades in July, according to SeeNews.

The company is launching 43 projects this month, with the largest one worth BGN 1.0 million to be implemented in Troyan municipality, CEZ Distribution said in a statement.

The power distributor plans to invest BGN 130 million in the modernisation of the electricity grid in western Bulgaria in 2017.

Shares of CEZ Distribution Bulgaria were not traded as of 13:30 CET on Monday on the Bulgarian Stock Exchange. The company shares were last traded on Friday when they closed flat at BGN 239 .


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

Industry » Be a reporter: Write and send your article
Tags: CEZ Distribution Bulgaria, utility

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