Mitsubishi, Bulgaria’s Dei Energy To Build 200 Mln Euro Energy Park in Bulgaria - Media
SOFIA (Bulgaria), March 10 (SeeNews) – Bulgarian energy company Dei Energy and Japanese corporation Mistubishi will build a photovoltaic plant and a wind farm worth more than 200 million euro ($254 million) in total in northern Bulgaria, local daily Pari reported on Tuesday.
The plant and the wind farm, with a combined power generation capacity of 160 megawatts (MW), will be built on 1.8 hectares in Gulyantsi, near the Danube river, Pari reported. Construction will begin in 2010 and is scheduled to be completed in 2012. The project will be funded by a Japanese investment fund.
Dei Energy plans to build several energy facilities in Bulgaria, with a combined capacity of 500-600 MW, Pari quoted Dei Energy president Ivan Tihov as saying.
In a few days the company will start building of a 150-MW wind farm in Sliven, in southern Bulgaria, Tihov added.
The development of alternative energy resources in Bulgaria gained momentum after the closure of two reactors at the country's sole nuclear power plant Kozloduy on December 31, 2006, under pressure from the European Union. Bulgaria, which joined the bloc in 2007, has to cover 11% of its gross domestic energy consumption by renewable energy sources by 2010, compared to about one percent in 2005, in order to comply with EU directives.