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Mar 02, 2023 13:03 EEST
March 2 (SeeNews) - Bulgarian poultry producer Gradus [BUL:GR6] said on Thursday that its majority-owned subsidiary Gradus-98 will invest 1.57 million levs ($853,914 /802,729 euro) to set up a photovoltaic (PV) power plant and modernise its bird raising facilities.
Gradus-98 will install the plant to meet its own electricity needs, the parent company said in a bourse filing. The aim of the project is to reduce electricity costs in a farm in the village of Chervena Voda, in northern Bulgaria.
You can download the 2023 Renewable energy in Southeast Europe report here
Additionally, Gradus-98 plans to modernise 11 buildings for raising parent birds. The company’s goal is to introduce modern technologies to secure production at low costs.
The bulk of the investment amount, 1.18 million levs, will be secured as part of the Rural Development Programme, which is co-financed by the EU and the Bulgarian government.
(1 euro = 1.95583 levs)
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