Politics | November 6, 2001, Tuesday // 00:00

The Power Engineering and Energy Resources State Agency (PEERSA) set up a National Steering Committee for Coordinating and Managing the Implementation of the Southeast European Electrical System Technical Support Project (SEETEC) at national level, the PEERSA Press Office announced. The committee will be chaired by Angel Minev, PEERSA Deputy Chairman, and includes experts of PEERSA, the Energy Efficiency State Agency, the Energy Regulation State Commission and the National Electricity Company. The SEETEC Project is funded by the Canadian International Development Agency (CIDA) within the framework of the Stability Pact and is aimed at assisting economic growth in SouthEastern Europe by improving the generation, transmission and use of electricity in the region, the PEERSA. So far, the agreement has been joined by Albania, Bosnia and Hercegovina, Croatia, Macedonia, Romania and Yugoslavia. The agreement between Bulgaria and Canada is forthcoming. Canada will contribute up to 20 M Canadian dollars to the project. Co-financing by other sources is also possible. The funds will be distributed between the countries beneficiaries - Albania, Bosnia and Hercegovina, Bulgaria, Macedonia, Romania, Slovenia and the Federal Republic of Yugoslavia. The duration of the project is five years and its implementation was launched in May 2001. PEERSA is the coordinator of the implementation of the project at national level, the press release adds.

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