CEZ Invests in Bulgarian Mountain Resort Ribaritsa

Czech electric power utility CEZ announced a BGN 0.5 M investment in infrastructure in the resort village Ribaritsa in the Stara Planina mountains in central Bulgaria.

Ribaritsa, close to the town of Teteven, is a favored place for holidays for well-to-do Bulgarians and offers peace and freshness with its old-timey streets and houses and the green Stara Planina hills around it. It also gives many opportunities for hiking in the higher Stara Planina.

The Ribaritsa investment aimed at rehabilitation of electricity distribution network to better service the village and surrounding hotels.

CEZ announced a total of BGN 2.2 M investment for Western Bulgaria, in which it operates.

The company previews total investment in Bulgaria for 2010 at BGN 71 B and expresses desire to up its yearly contribution to BGN 130 M in the future.

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