Invest in Bulgaria - The Preferred Partner of Investors Seeking Opportunities in Bulgaria
Follow:
GUGUSHEV & PARTNERS is among the leaders on the Bulgarian legal market Comprehensive Organization of MBA and EMBA Study Trips in Bulgaria
NEWS BY TOPIC
FDI in Bulgaria (13)
Health (4)
Macroeconomic Data (49)
Business (361)
Investments (155)
Infrastructure (97)
Financial (126)
Economy (350)
Construction (14)
Politics (62)
Real Estate (27)
Interesting Facts (24)
Sports (10)
NEWS BY SECTOR
Software and Information Technology (28)
Real Estate (56)
Tourism (112)
Waste Management (9)
Automotive (23)
Electronics (3)
General (81)
Renewable Energy (66)
Agriculture (22)
Construction (90)
Food and Beverage (20)
Textile (2)

Toshiba May Invest EUR 350 M in New Thermal Power Plant in Bulgaria
TOSHIBA MAY INVEST EUR 350 M IN NEW THERMAL POWER PLANT IN BULGARIA
Date: 14/03/2011
Source: novnite.com
Toshiba May Invest EUR 350 M in New Thermal Power Plant in Bulgaria

Japanese corporation Toshiba has declared interest in building two new thermal power facilities in Bulgaria's Maritsa East TPP complex, Economy Minister Traicho Traikov has announced.

Traikov was in the state-owned Maritsa East 2 plant on Monday with Japanese Ambassador to Bulgaria Makoto Ito where the two of them opened the rehabilitated unit 8 of the TPP, whose repairs were completed by Toshiba 32 days ahead of schedule. The life of the unit has been extended by 25 years.

The Economy Minister said a potential Japanese investment in a new TPP in Maritsa East would amount to EUR 350 M. In comparison, US energy giant AES has invested EUR 1.3 B in two new units of the AES-Galabovo TPP in Maritsa East, while Italy's Enel invested EUR 700 M in the rehabilitation of the Maritsa East 3 TPP that it is now selling.

He pointed out that the possibility to have Toshiba build two new units in the Maritsa East TPP with a combined capacity of 500 MW is "very attractive".

If realized, this would be Toshiba's second investment in Bulgaria's energy sector after at the end of January the Japanese corporation announced a project to invest EUR 37.6 M in a 10-MW solar park near Yambol during the visit of a Bulgarian state delegation in Japan.

Toshiba is also the main investor in the American energy giant Westinghouse, which has recently confirmed its interest in investments in the Bulgarian nuclear power plant Kozloduy.

There are several possibilities for investments in new coal-fired units in Bulgaria's Maritsa East TPP complex. According to Traikov, if the Toshiba investment is in the Maritsa East 2 TPP, it will be providing electricity at the lowest possible TPP price in Bulgaria.



Topic: Investments



Featured District
PAZARDJIK DISTRICT AND CITY INFORMATIONPazardjik
Invest Bulgaria Charts
Exports of Goods and Services of Bulgaria
Exports of Goods and Services of Bulgaria

Tax Revenue of Bulgaria as Percent of GDP
Tax Revenue of Bulgaria as Percent of GDP

See all charts
Did You Know?
Hristo Stoichkov
Hristo Stoichkov
Hristo Stoichkov scored 6 goals in the World Cup of 1994 and led Bulgaria to the semi-finals ... More

The municipality of Blagoevgrad is located in the southwestern corner of Bulgaria and covers an area of approximately 628 km2, on which Blagoevgrad itself and 25 adjacent villages are situated.

Intelligence Pathways - Outsource your Business, Competitive Intelligence or Back Office to Bulgaria

Bulgaria Translation - Full service Bulgarian Translation company

© Copyright 2004-2019 Invest Bulgaria Group Ltd, Sofia, Bulgaria. All rights reserved.

 
Please read Conditions of Use, Copyright Statement and Privacy Policy for this web page and web site.


SEO оптимизация Bulgaria Translation Bulgarian Agriculture Bulgarian Textile BestFlowers.bg Sofia Web Works Bulgarian Coins Intelligence Pathways Bulgarian Outsourcing

Crafted by Sofia Web Works. Maintained by Website Maintenance, the kings of Website Migration.


Our Featured Members