Greek Company Intends To Build Wind Park In Bulgaria

‘Alpha Grissin Infotech' - Greek energy company intends to build a 400MW wind park in Bulgaria, Greek media informed, quoted by The Sofia Echo.

The investments are estimated to 400 million EUR and the constructions are foreseen to start this year.

The company appeared on local market with a portfolio of residential and office buildings.

The Greeks plan to divest its entire property business by 2011 expecting a net profit of 40,8 million EUR, added from Sofia Echo.

From the media also revealed that last year ‘Alpha Grissin Infotech' and Germany's Deutsche Bank formed a joint venture called Deutsche Aeolia.

The new company, that focuses on renewable energy resources, currently develops three projects that cost round 65 million EUR.

Deutsche Aeolia foreseen to expand to Romania, Ukraine and Egypt. international.ibox.bg