BULGARIA EBRD
May 1st, 2005
BY KEITH NUTHALLTHE EUROPEAN Bank for Reconstruction and Development (EBRD) is planning to lend Bulgaria's Maritza East I Power Company Euro 430.5 million to finance construction of a two-300MW generator lignite-fired power plant on a 'build-own-operate-transfer' basis. The project will help Bulgaria deal with the closure of nuclear power plants at Kozloduy - a safety-inspired condition of the country's 2007 European Union (EU) accession. US-based power group AES Corp will handle the Euro 1 billion project, owning the Maritza company and selling its power to NEK, ...
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