SOFIA (Bulgaria), June 15 (SeeNews) - The Bulgarian unit of Italian-based PVB Power said it commissioned on Friday a small hydro power plant (SHPP) on the Iskar river, near Sofia, and plans to launch another two by the end of 2012.
The investment costs for SHPP Tserovo, located in the Svoge municipality, added up to around 10-11 million euro ($12.6-13.9 million), Viktor Sokachev, head of corporate communications at PVB Power Bulgaria, told SeeNews The Corporate Wire over the phone.
SHPP Tserovo brings to 9.7 megawatts (MW) the combined installed capacity of the three SHPPs commissioned so far by PVB Power Bulgaria as part of the 115 million euro Middle Iskar project.
The project for a total of nine run-of-the-river SHPPs with a combined capacity of 25 MW, co-funded by the European Bank for Reconstruction and Development and implemented under a public-private partnership with the Svoge municipality, is due to be completed by the end of 2015.
The first two SHPPs, Lakatnik and Svrajen, were brought on stream in 2008-2009. The three SHPPs now in operation will have a combined annual output of over 53,000 megawatt-hours.