EVN Bulgaria to invest EUR 65.4mn in 2012.

By bne IntelliNews January 5, 2012
EVN Bulgaria, part of Austria's energy utility EVN AG, plans to invest BGN 128mn (EUR 65.4mn) in the country this year, Dnevnik Daily reported. Since buying the power distribution units in Plovdiv and Stara Zagora in southeast Bulgaria in 2005, EVN has invested some BGN 900mn. The company reports BGN 21mn outstanding claims for purchases of electricity and heating. At the end of 2011, EVN raised its stake in its local subsidiaries to above 97% after the state offered for sale on the bourse its 33% shares in EVN Bulgaria Elektrorazpredelenie and EVN Bulgaria Elektrosnabdiavane. EVN Bulgaria services more than 1.5 million clients.

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