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Japanese TOSHIBA to Build Solar Plant in Bulgaria24.01.2011

Japanese consumer electronics maker Toshiba Corp plans to invest funds in the construction of a solar park near the city of Yambol, southeastern Bulgaria, the company said as quoted by AFP on Friday, but declined to reveal the planned investment. Earlier that day, Japanese daily Nikkei reported as quoted by Reuters that Toshiba, together with local utility Tokyo Electric Power and the Japanese government, will allocate a combined JPY 100 billion to build a large solar power plant in Bulgaria within the next five years. According to the paper, Toshiba will team up with Czech state-run company CEZ (PRG:BAACEZ) to build the facility, which will have a capacity of 250 MW. The utility, which supplies electricity to western Bulgaria, told Dnevnik however that the information was denied by the company`s headquarters in Prague. "Together with Toshiba, we have so far considered the possibility of building a solar park with a capacity of 9 MW on an area of 30 hectares," an official at Yambol`s municipality told Dnevnik. The project has been estimated at some EUR 37.5 million, but the city`s authorities hope that the Japanese company has changed its decision and agreed to raise the investment. Meanwhile, Bulgaria`s economy minister Traicho Traikov is expected to sign within several days a memorandum of understanding with Japan on energy co-operation, the ministry said.


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