Greek company to invest 500 million euro in wind energy plant

Greek company to invest 500 million euro in wind energy plant

14:57 Thu 10 Jan 2008 - Elitsa Savova

 

The Greek company Marivent Ltd. will invest 500 million euro in a wind-energy park near the town of Pernik.

The park's energy capacity would be 800 MWh, Greek embassy to Finland said in a media statement.

Marivent announced that it had already signed a contract for the construction with local authorities.

The new plant will sell energy to the Bulgarian National Electric Company (NEC) for 20 years.

Marivent would complete the project in less than 30 months, the bulletin said. The company itself and EU funds would provide money for the project, according to investor.bg said. Marivent expected 4.5 billion euro in revenues over the next 20 years.

The project was considered one of the biggest in the sector in the EU.

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