PVB Power Bulgaria to build 7 hydropower plants in Romania.

By bne IntelliNews March 25, 2011
The local arm of the Italian PVB Power is to build seven small hydropower plants in neighbouring Romania, Dnevnik Daily reported. The annual production capacity of the plants is estimated at 260mn KWh. The investment is expected to reach EUR 250mn. PVB Bulgaria is run by Italian Finest, PVB Group (Petrolvilla Group), Dolomiti ENERGIA and Azienda Energetica S.p.A. Etschwerke AD. PVB Power Bulgaria is building nine hydropower plants along the Iskar River through its subsidiary VETs Svoge (EUR 115mn) and five hydropower plants along the Maritsa River in southern Bulgaria (EUR 110mn).

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