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2012-03-27 00:00:00
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Bulgaria's anti-trust watchdog has cleared a renewable energy acquisition involving Russian Lukoil.
The Commission on Protection of Competition (KZK) permitted LUKERG Renew, a joint venture of Russian Lukoil and Italian ERG Renew, to buy three small wind parks near the northern Bulgarian Black Sea town of Kavarna.
Vienna-registered LUKERG Renew, a 50-50 joint venture of LUKOIL-Ecoenergo (a 100% owned subsidiary of ОАО LUKOIL) and Italian ERG Renew, was created in end-May 2011.
The company will acquire Wind Park Kavarna East, Wind Park Kavarna West and K&S Energy, Novinite.com reports.
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