Spanish Electra to build 100 MW wind power park in central Bulgaria.

By bne IntelliNews April 20, 2010
Spanish energy holding Electra announced plans to build a 100 MW wind power park in the central part of the country and has already bought 5,000 decares of land, local financial and business news portal reported. The company started activities in Bulgaria about six months ago. In December, it said it had earmarked a total EUR 650mn for the acquisition and development of renewable energy projects in the country by 2012, mainly wind-energy projects. A total 700 new jobs will be created. Electra operates wind parks with a 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 an annual capacity of 30,000 tons near the northern Danube city of Vidin . The company announced plans to place its equity on the Spanish stock exchange by end-2010 and invest all raised funds from the IPO in Bulgaria .

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