Bulgarian Power Utility CEZ Takes Up 69 New Projects

Power utility CEZ has a total 2010 investment budget of BGN 71 M. Photo by BGNES

Czech-owned electricity distribution company CEZ has announced the investment of BGN 4 M in 69 new energy projects in Western Bulgaria.

The investment is supposed to improve the quality of electricity supply in 30 cities and villages, including the capital Sofia.

The projects include activities such as expansion and rehabilitation of the power grid, laying new electricity cables, replacing old cables, building connections to new buildings.

The investment in each of the new projects is up to BGN 400 000. The BGN 4 M allotted for the 69 new projects are part of the BGN 71 M total investment budget of CEZ for 2010, which has been approved by Bulgaria’s Commission for Energy and Water Regulation (DKEVR).

The company has pointed out that its aim is to improve the quality of the electricity provided to the consumers, to expand the power grid, and fix any technical problems.

CEZ says that in order to achieve these goals it will need to invest BGN 130 M in each of the next three years.

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