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GDF Suez Mulls EUR 5 M Investment in Biomass Plant in Bulgaria

Monday, Jul 12, 2010

French energy company GDF Suez is considering investing EUR 5 M in a biomass plant in the Bulgarian mountain resort of Bansko.

The news has been announced by the Bansko Municipality after town mayor Alexander Kravarov met with representatives of GDF Suez.

The manager of the local private company Bul Eco Energy Ltd, Krasimir Vluchkov, was also present at the meeting. Bul Eco Energy has created and runs the local biomass thermal power plant in Bansko, which burns wood to provide heating and hot water to the town and a number of its hotels.

By the end of July GDF Suez, which focuses on energy efficiency and renewable sources, is going to present to the Bansko Municipality its investment offer.

The Bansko Municipality has pointed out that the French company has set up biomass heating installations in 150 cities and towns around Europe.

Source: novinite.com