| Ortiz Electra, the joint venture between Spain's construction and engineering company Ortiz Group and energy holding Electra, is interested in participating in tenders for construction of railroad infrastructure and purification installation projects in the country. In May, the two Spanish companies announced intentions to team up for the participation in infrastructure projects in Bulgaria and other Eastern European countries. At the end of last year, Electra informed that it had earmarked a total of EUR 650mn for the development and the acquisition of renewable energy projects in the country by 2012. By that time, Electra controlled wind parks with total capacity of 480 MW in southern Bulgaria, a 10 MW unit for electricity production from biomass in the central part of the country and a biodiesel production factory with annual capacity of 30,000 tons near the northern city of Vidin. |
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