Bulgarian steel manufacturer Radomir Metal Industries unveiled plans to Bulgarian media for building a 50 MW solar power plant in Radomir, in the southwest of the country. The solar park will cover some 140 hectares of land located on the company's facility grounds.

The company will support its main production line with power generated at the plant, while being able to keep its workforce in employment. Radomir Metal Industries has layed off a significant portion of its employes due to the economic downturn.

The project will be developed in cooperation with two German companies, together with funding from loans to be obtained from German banks. A subsidiary company will be registered to take care of all the business related to the development and operation of the new solar park. Produced electrical energy will be sold to the state power grid operator NEK. The first solar panels will be mounted near the end of this year, while the deadling for the entire project has not been officially set.

[source: SEENews]