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Sep 10, 2007 14:14 EEST
September 10 (SeeNews) - Bulgarian private company Velga will spend 15 million euro ($20.7 million) by the end of 2008 to install five new wind power generators in its wind farm in northern Bulgaria, the company said on Monday.
“Velga plans to put into operation five wind power generators by the end of 2008, each of which will cost some three million euro”, company manager Lazarin Dochev told SeeNews.
You can download the 2023 Renewable energy in Bulgaria report here
Currently, Velga has three wind power generators near the village of Somovit, northcentral Bulgaria. The new generators will have a 2.5 megawatt capacity each.
Velga's future plans include the construction of 20 more wind power generators, Dochev added without elaborating.
The development of alternative energy resources in Bulgaria gained momentum after the early closure of two reactors at the country's sole nuclear power plant Kozloduy on December 31, 2006, under pressure from the European Union. The EU newcomer has to cover 11% of its gross domestic energy consumption by renewable energy sources by 2010, compared to about one percent in 2005, in order to comply with EU directives.
Velga, based in the northern town of Lovech, is a private company whose core business is the production of upholstered furniture. Its wind farm started operations in March last year.
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