Bulgarian Kostenets to invest Euro 4.1 million in co-generation facility
Bulgarian paper mill Kostenets HHI plans to build a co-generation facility.
Sep 21, 2006. /Lesprom Network/. Bulgarian paper mill Kostenets HHI plans to build a co-generation facility, according to Dnevnik. Company shareholders will vote on the financial parameters, technical framework and the funding scheme of the co-generation facility at a general shareholders meeting scheduled for November 10, 2006.
The paper mill plans to invest about Euro 4.1 million in the co-generation, which will produce electricity and steam for the needs of the paper factory. The facility will consist of two generators of 5.5 MW.
The paper mill plans to put the co-generation facility into operation in the last quarter of 2007.