Bulgarian NEK to develop renewable energy projects
(ADPnews) - Dec 13, 2010 - Bulgaria's state-run power utility NEK will pour funds into the construction of a solar park and a wind farm, and is currently preparing the documents for the two auctions, to be called in 2011.
The units will have a capacity of up to 50 MW and will be located in areas that already host such projects, NEK executive director Krasimir Parvanov said over the weekend.
Meanwhile, the company will defer connecting to the grid new renewable energy sources by at least July 2011, since the power transmission network lacks sufficient capacity and NEK needs more funds to expand it at a faster pace.
"We need at least BGN 150 million annually to rehabilitate the company's grid to ensure there would be no problems," Parvanov said.