Chinese Co to Invest 511 Mln Euro in Wind Park, Infrastructure in Bulgaria

Chinese Co to Invest 511 Mln Euro in Wind Park, Infrastructure in Bulgaria

An unnamed Chinese company plans to invest some 1.0 billion levs ($697 million/511.3 million euro) in the construction of a wind park and adjacent infrastructure in Bulgaria, the Southeast European country's national electricity company, NEK.
Over 750 people will be employed in the wind park's construction and operation, NEK said in a press release. The Chinese investor will also build over 200 kilometres of roads in northeastern Bulgaria and will repair existing ones.
NEK added that the agreement it signed with the Chinese investor to connect the wind park to the grid does not oblige the Bulgarian company to buy the electricity generated by the wind park at a preferential tariff, which is a precedent for the local market.

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