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Austrian companies invest EUR 260 M in renewable energy in Bulgaria

Date: 31.03.2009

Austrian investors show interest towards the Gorna Arda Dam (Upper Arda), Dr. Michael Angerer, a commercial adviser in the Austrian Embassy in Bulgaria, said.
Austrian companies will invest EUR 260 M until 2011 in Bulgaria for renewable energy projects.

Dr. Michael Angerer, a commercial adviser in the Austrian Embassy in Bulgaria, announced this Monday, as cited by the Pari Daily.

Austrian renewable energy projects have already started in Bulgaria. A total of 120 MW facilities will be constructed until 2010.

Austrian investors show interest towards the Gorna Arda Dam (Upper Arda), Angerer said. Besides EVN, who have already announced its intentions, OMV has also wanted to take part in the project, he added.

Austrian companies will be presented during the Fifth International Exhibition on Energy Efficiency and Renewable Energy Sources for South-East Europe which will take place April 6-8 in Bulgaria's capital Sofia. Twelve Countries will have representatives at the fair. It aims to stress on the possibilities of alternative fuel sources, and renewable energy production.

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