ΑΛΦΑ ΓΚΡΙΣΙΝ Α.Ε.
Land area concession signed in the region of Karnobat (Bulgaria) for the development of 111 MW a wind park
ALPHA GRISSIN POWER AND ENVIRONMENTAL CONTROL SYSTEMS S.A., trading as ALPHA GRISSIN SA, informs investors that, a total area of 842, 4 hectares in the region of Karnobat in Central Bulgaria, was granted for a 30-year concession to the Consortium, in which ALPHA GRISSIN SA holds 40% and the Spanish company PRENEAL INTERNACIONAL SA 60%, in order to develop and operate a wind park of 111 MW.
The contract of the concession was signed on September 26, 2009, by the Mayor of the town of Karnobat and the representatives of the consortium, Mr. D.Parthenis and Mr. A. Sanchez, during an event where dignitaries, such as members of the Bulgarian parliament, the head of prefecture of Bourgas and the Greek ambassador Mrs Koumanakou. The event was covered by a large number of press and TV reporters due to the will of Bulgaria's government for rapid development of Renewable Energy Source (RES) projects.
The Consortium ALPHA GRISSIN/PRENEAL was chosen among three powerful ventures, as the one satisfying all technical and financial criteria. The company PRENEAL INTERNACIONAL SA has a significant experience in development and operation of wind parks all over the world. PRENEAL is already operating 13 wind parks of 330MW total power, while it participates in the development of projects of 2.590MW, both in Spain and globally. DEUTSCHE BANK AG participates in PRENEAL INTERNACIONAL's shareholders' capital.
The Consortium is already in process of receiving all necessary licenses, expected to be issued within 2009, for the production of a 111MW wind park. The total investment is expected to reach euro 155 million.
ALPHA GRISSIN group has, since 2008, submitted 6 applications for wind parks of 150 MW total power, in Peloponnesus, Greece, through a joint-venture with DEUTSCHE BANK AG. Production licenses are being expected soon.
ALPHA GRISSIN SA's management is in further discussions for the development of other Renewable Energy Source (RES) projects( such as photovoltaic systems) in Bulgaria and at the same time is seeking, continuously, for new investment opportunities in the sector of Renewable Energy Source (RES) in Greece, as well as abroad.
The contract of the concession was signed on September 26, 2009, by the Mayor of the town of Karnobat and the representatives of the consortium, Mr. D.Parthenis and Mr. A. Sanchez, during an event where dignitaries, such as members of the Bulgarian parliament, the head of prefecture of Bourgas and the Greek ambassador Mrs Koumanakou. The event was covered by a large number of press and TV reporters due to the will of Bulgaria's government for rapid development of Renewable Energy Source (RES) projects.
The Consortium ALPHA GRISSIN/PRENEAL was chosen among three powerful ventures, as the one satisfying all technical and financial criteria. The company PRENEAL INTERNACIONAL SA has a significant experience in development and operation of wind parks all over the world. PRENEAL is already operating 13 wind parks of 330MW total power, while it participates in the development of projects of 2.590MW, both in Spain and globally. DEUTSCHE BANK AG participates in PRENEAL INTERNACIONAL's shareholders' capital.
The Consortium is already in process of receiving all necessary licenses, expected to be issued within 2009, for the production of a 111MW wind park. The total investment is expected to reach euro 155 million.
ALPHA GRISSIN group has, since 2008, submitted 6 applications for wind parks of 150 MW total power, in Peloponnesus, Greece, through a joint-venture with DEUTSCHE BANK AG. Production licenses are being expected soon.
ALPHA GRISSIN SA's management is in further discussions for the development of other Renewable Energy Source (RES) projects( such as photovoltaic systems) in Bulgaria and at the same time is seeking, continuously, for new investment opportunities in the sector of Renewable Energy Source (RES) in Greece, as well as abroad.