BULGARIA POWER
March 1st, 2003
KEITH NUTHALLTHE NEED to help Bulgaria improve the environmental performance of its energy sector has led the European Bank for Reconstruction and Development (EBRD) to break new ground by brokering an unprecedented private loan to clean what has been considered a dirty power-generating source: lignite.Private financing of Euro 235.9 million will be combined with EBRD loans of Euro 112.2 million to help rehabilitate, improve the environmental performance and extend the life of Bulgaria's privately owned lignite-fired 840 MW power plant Maritza East III. It would ...
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