Fri, Feb 10 2012

12.6M leva investment in new hydropower stations

Wed, Mar 25 2009 14:55 CET

byNick Iliev

2017 Views
12.6M leva investment in new hydropower stations

Sofia municipality is planning to invest 12.6 million leva in new energy efficient hydropower stations, "in one of the most ambitious schemes ever contemplated to process resources from structural funds as part of the public-private development programme," said  the deputy Sofia construction mayor Irina Savina, reported by Stroitelstvo Gradut.

This particular project would entail the construction of eight hydroelectric stations with 10 megawatt capacity each,  absorbing a total of 12.6 millio leva.

According to the initial analysis from municipality-conducted research,  the gross annual output of all stations would be 50019 mWh. By 2012 it is possible that the carbon emissions trade programme under the Kyoto Protocol will be activated; thus, under the most pessimistic scenario, of five euro per ton of carbon, Sofia municipality believe that they can generate a profit of 2.05 million leva annually.

The municipality is entrusted with deciding how exactly to realise the investment – through their own financial resources or through a public/private enterprise. The issue of land and equipment ownership must also be addressed.

"The project currently is at the planning phase under the long term energy efficiency programme for the period 2009-2013," said Irina Savina. "The energy efficiency document was presented before the commission of engineer infrastructure on March 23. The document also includes a short term phase extending to the period 2009-2011 – the aforementioned paper with both phases will be introduced for approval by the Sofia Municipal Council," she said.

Furthermore, the municipality contemplates investing in the installation of  water heating systems powered by solar energy in schools, playhouses and social homes. The programme could be expanded to cover other municipal and government institutions.

In the future, the municipality will introduce a strategy for alternative energy by installing solar panels on all government and municipal buildings for water heating and electrical production. Such installations would work with an average coefficient of efficiency of about 12 to 14 per cent.

The municipality has forwarded a letter to all boroughs in Sofia requesting information for convenient parcels where such alternative energy systems can be installed. One such location is Suhodol, where solar panels and biomass energy can be produced.

  • Print
  • Send via email
  • Translate to
  • Share:

To post comments, please, Login or Register.


Please read the The Sofia Echo forum comments policy.

Kyoto Protocol, IWR Report: Bulgaria achieves its targets

The IWR report has concluded that "Kyoto is not working out", because, instead of decreasing, emissions have risen by 40 per cent on 1990 levels

Austrian KIOTO - Photovoltaics to build 25M euro solar energy park in Tervel

Photovoltaics Tervel 1, a subsidiary of KIOTO – Photovoltaics Austria, will invest 25 million euro in the facilities and auxiliary equipment, which will be built on a 30ha parcel on municipal land.

Bulgaria faces yet another sanction from Brussels

The allocation of carbon trading quotas in every member state was supposed to be formulated, completed and submitted for approval by April 30. Bulgaria has failed to act.

Bulgarian business, govt at odds over clean energy goals

Many of the sites designated for hydropower facilities are in Natura 2000 eco network or UNESCO protected zones.

Italian Enel builds two wind power parks on Bulgarian Black Sea coast

The turbines have been purchased and will be installed by another Italian company, Global Wind Power by the end of the summer

Another wind-park to be built in Kazanluk

A massive wind-park in Kazanluk will create new jobs and serve as an important source of energy diversification.

171 million euro wind park in Somovit constructed by Velga

Wind power, solar energy and Nuclear Power Plants – energy diversification from fossil fuels which Bulgaria can produce on its own.

Austria's WBG to build biomass plant in Ihtiman

Austrian company WBG has tested its four million euro biomass power plant, which will heat public and private buildings in the town of Ihtiman near Sofia, Ilko Yotsev, managerial agent of the firm's Bulgarian unit, told Bulgarian daily Dnevnik.

Bulgarian-Portuguese firm to build six biomass plants in Bulgaria

Bulgarian-Portuguese joint venture Mape Development will pump 150 million euro into the construction of six biomass-fuelled power plants with a combined installed capacity of 30MW in Bulgaria over the next four years, the company has said. The first facility will be built in Panagyurishte, central Bulgaria, and will have a capacity of five to 10MW.

Harvesting the wind

The number of wind parks along Bulgaria's northern Black Sea coast is already bigger than the number of trees in the same area. The natural absence of any trees in those areas and the high winds makes it the best place in Bulgaria to produce green energy from wind generators. About 60 wind turbines have already been built in Kavarna municipality, a town hall spokesman told The Sofia Echo by telephone on August 26.

More in this category

Mild earth tremors in Bulgaria on February 10

The first tremor was at about 12.34am, followed by another three minutes later. Their epicentres were located between the towns of Radnevo and Topolovgrad.

Bulgaria halts electricity exports after power plant accident

There was no risk of blackouts caused by insufficient power supply, Economy Minister Traicho Traikov told Bulgarian National Radio.

Cashing in

Bulgarian Cabinet is looking at domestic market to refinance foreign debt, but has back-up plan in place

Winter waves

Government and individuals come up with cash to help those hard-hit by floods and freezing weather.

Winter weather as archaeologist: Roman building found near Bulgaria's Bourgas

The discovery was made after some of the land in a complex near Bourgas was washed away by rough seas.

© 2000-2012, Sofia Echo Media Ltd.

Web Design by RIZN

Sofia Echo Media is part of the Economedia Group.
The news and information content on this website is provided by our editorial team and is copyrighted. Any unauthorised reproduction or use of it is strictly forbidden. Reproduction of this website's content is permitted only with prior written permission from the Editor-in-Chief, should be propertly acredited and provide an active link back to our site. Comments posted by the website's visitors are independent of the editorial materials and do not represent the views of sofiaecho.com. Sofia Echo Media cannot be held responsible for the statements contained in visitor comments. The percentаge change in the shares' prices are based on the price of the last transaction of the current session compared to the price of the last transaction of the previous session. Bulgarian Stock Exchange data is not real-time, but updated every 15 minutes, and should not be used as a basis for decisions about buying or selling stock options.