Bulgaria nat'l power operator to build substations in resort areas

Dnevnik Daily, 14th June 2006

Bulgaria's national power grid operator NEK said it will invest 30 mln euro in the construction of a number of substations in areas with spotty voltage along the Southern Black Sea coast, Plovdiv and Varna.
The company will borrow half of the necessary cash for the construction of the local area substations in Sozopol, Obzor, Pamorovo and the Sunny Beach resort.
NEK executive director Mardik Papazyan said the investment program could also be financed by a Swedish bank under a bilateral agreement for co-operation n the energy sector.
The Sozopol and Obzor areas are experiencing serious voltage fluctuations due to the strain on the grid placed by the slew of new hotel openings, said Papazyan.
Power and automation technology provider ABB has already been selected to build the substation in Sunny Beach.
The private operators of Bulgaria's 7 electricity distribution companies also plan to invest in new substations.
Germany's EON, the owners of the power distributors in Varna and Gorna Oryahovitsa, said it will build new facilities n Trakata and Byala, on the Black Sea.
CEZ, the Czech owner of the power distributors servicing Sofia, the greater Sofia area and Pleven, said it will build a new substation in ski resort Bansko.

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