Compelo Energy - Latest industry news and analysis is using cookies

We use them to give you the best experience. If you continue using our website, we'll assume that you are happy to receive all cookies on this website.

ContinueLearn More

Enel to study troubled hydro plant

Italian power company Enel has signed a memorandum to evaluate and study the efficiency of the Gorna Arda hydro power project in Bulgaria, a project which has been on standstill for the past four years.

If the project on the Gorna Arda river near Bulgaria’s border with Turkey – so far valued at US$300M – proves profitable, Enel would become its main investor and, according to officials, would launch construction within a year.

The project will involve the rehabilitation of existing dams and the development of three new hydro stations. It is expected to create many new jobs in a country with high unemployment, and strengthen Bulgaria’s position as one of the leading power exporters.