EVN - Majority of Bulgarian Gorna Arda is sought

Central- & Eastern EuropeBulgaria ♦ Published: July 20, 2010; 00:00 ♦ (Vindobona)

Lower Austrian electricity company plans to acquire 70 percent of a hydroelectric project.

EVN - Majority of Bulgarian Gorna Arda is sought / Picture: © EVN

The listed electricity supplier EVN wants to acquire the majority of the Gorna Arda hydropower project in Bulgaria. Also on board is the Bulgarian state electricity provider NEK. The construction company Alpine based in Salzburg withdrew from the €500m ($647.99m) project.

The Bulgarian Prime Minister Boyko Borissov, who is in Austria today and tomorrow for a working visit will…