November 9 (SeeNews) - Austrian power utility EVN plans to invest some 140 million levs ($107.3 million/71.6 million euro) in its operations in Bulgaria next year, flat from 2009, local daily Pari quoted EVN Bulgaria chairman Stefan Szyszkowitz as telling a news conference on Monday.
The company, which is the electricity distributor for the country's second largest city of Plovdiv and for southeast Bulgaria, plans to allocate 70% of the 2010 investment purse for grid repairs while the remainder will be spent on boosting its customer base, Pari (www.pari.bg) said.
EVN, which supplies electricity to some 1.6 million Bulgarian customers, has invested over 250 million levs since it set foot on the local market five years ago.
(1 euro = 1.95583 Bulgarian levs)