Bulgaria-based Ebioss Energy signs electrical connection deal with EVN Bulgaria
Wood pellets. Author: U.S. Department of Agriculture. License: Creative Commons, Attribution 2.0 Generic
SOFIA (Bulgaria), September 20 (SeeNews) - Bulgaria-based Ebioss Energy AD has signed a final electrical connection deal with EVN Bulgaria, part of Austrian EVN, for its biomass-to-energy plant in the town of Karlovo, Ebioss has said.
"After various changes in the energy law in 2015, which forced Ebioss to proceed with various changes in the infrastructure of the plant, the company decided to reinitiate a long legal process with the Bulgarian administration and renegotiate conditions with the electricity company EVN, the buyer of the produced energy," Ebioss said in a bourse filing.
With the plant adapted to legal requirements and the contract signed, Ebioss Energy expects to receive a commissioning licence in the last quarter of 2016.
Ebioss Energy is listed on Spain's alternative equity market, Mercado Alternativo Bursatil (MAB).