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2012-03-15 00:00:00
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The central Bulgarian municipality of Maritsa announced March 15 that Spanish energy group Electra Holding plans to build a EUR20m biomass-fired co-generation power plant, newswires reported. The construction of the facility is expected to begin this summer, the municipality said in a statement issued after a meeting between Electra Holding president Jose Oskar Leiva Mendez and Maritsa mayor Dimitar Ivanov.
The power plant, which will have a 5MW installed capacity for electric energy and a 6MW capacity for heating energy, will burn through 40,000 tonnes of biomass annually. The project, which will create 15 new jobs, is the first of ten similar investment initiatives that Electra Holding plans to carry out in the country over the next two years, the statement said.
Source: bne
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