Sun, Jul 05 2009

AES Geo Energy, ICS eye power production permits

Wed, Jul 30 2008 13:25 CET bydnevnik.bg 198 Views

AES Geo Energy, majority-owned by US power company AES Corporation, and local company ICS have applied with the Bulgarian power regulator for permits for the production of electricity.

AES Geo Energy plans to build a 201MW wind farm in the coastal Kavarna area.

The six-hectare footprint of the wind park is made up of company-owned and municipal plots.

The investor will first install 51 wind turbines with a combined capacity of 156MW. Another 15 turbines will be added during the second phase of the project. The facility should be operational by 2010.

Locally-owned ICS will install 4 wind turbines with a combined capacity of 12MW.

The project, due for completion by July 2010, is financed by Eurobank EFG Bulgaria.

Read the full story on Dnvenik.bg

Write comment

Name: Comment:
Send your comment

More in this category

Cosmote Romania buys rival operator for 3G licence

Mobile operator Cosmote Romania agreed the acquisition of smaller local rival Zapp Mobile for 207 million euro on June 30, after months of negotiations.

Nabucco deal to be signed July 13

The intergovernmental agreement for the Nabucco natural gas pipeline will be signed in Ankara on July 13, it emerged on July 3.

Harnessing the wind

Bulgaria has low taxes, low labour costs and a lot of wind – a good combination for any company seeking to develop wind parks.

Creating a future in IT

On June 5 2009, US ambassador Nancy McEldowney launched the first US-Bulgarian partnership dedicated to Information Technology and Innovation.

In neutral gear

Bulgarian car parts manufacturers have been affected by the recession, but are optimistic about their future.

© 2000-2009, Sofia Echo Media Ltd.

Web Design by RIZN

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.