European bank funds nine Bulgarian small hydros

摘要

The European Bank for Reconstruction and Development (EBRD) is lending 54 million euros (US$80 million) to construct nine small hydroelectric plants totaling 25.7 mw on Bulgaria's Iskar River. The run-of-riverVez Svoghe Mini-Hydro project is planned for a 33-kilometer stretch of the Iskar by Vez Svoghe Ltd. Petrolvilla Bulgaria, a subsidiary of Italian energy developer Petrolvilla & Bortolotti S.p.A., owns 90 percent of Vez Svoghe Ltd.