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The annual payment the Kyustendil Municipality is going to receive from the N-Vision Energy wind power park project.
The German energy company is going to construct Bulgaria’s second largest wind power park near the southwest city of Kyustendil.
The Kyustendil City Council has approved the project, which is planned to become operational in 2011.
This will be the first project of its kind in Bulgaria with a Municipality as land owner and beneficiary, the first in the west of the country and the first in the Mountains.
The Kyustendil Municipality is going to provide land and will grant construction rights for up to 45 wind turbines on Konyavska Planina and Viden Peak. In exchange, it will receive up-front fixed payments during development and construction of project to the total amount of BGN 3,825 M.
Once the project operates it will generate annual income for the municipality, ranging between 500 000 and 900 000 BGN in the first year and averaging more than 1 000 000 BGN per year over the lifetime of the project.
Approximately 100 jobs will be created during the construction period and another 20 jobs will be created for the lifetime of the project.
The N-Vision Energy wind power park will produce green electricity for more than 90 000 households. According to the company, “the amount of coal saved would be enough to fill the road from Kyustendil to Sofia a meter high every year,“ and will save nearly half a million tons of CO2 annually,
The N-Vision wind park in Kyustendil is supposed to be in operation at the end of 2011. It will have between 25 and 45 wind turbines.
The Kyustendil Municipality is planned to receive some BGN 29 M in annual payments over the next 20 years if current electricity price increase continues.
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