Russian-Moldavian joint-stock company Topaz will build a solar-panel plant worth $20 mln (13.8 mln euro) in the northern Bulgarian town of Pleven, it was reported after a meeting of company officials and the local government.
Bulgaria has 2,700 usable sunlight hours per year which makes the country very attractive for solar power production, said Topaz CEO Mikhail Vladov. The company will build four production units in Silistra, Targovishte, Shumen and Pleven.
The project will be implemented by a multinational consortium and in collaboration with the National Institute on Ultrasensor Mediation and Phenomenology of the Bulgarian Academy of Science. It will be financed by the U.S. government through the company Sangri Solar. Firms from Spain, Austria and Italy also expressed interest in the project.
Topaz, a unit of the former Russian military production complex, runs more than 100 machine-building and medical equipment companies.
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