Toshiba to build solar plant in Bulgaria

2011-01-21 10:49
Tokyo - Toshiba and Tokyo Electric Power will team up with the Japanese government to build one of the world's largest solar power stations in Bulgaria, a report said on Friday.

The plant will be built in the eastern city of Yambol by March 2012 at a cost of more than ¥100bn ($1.2bn), Japan's Nikkei daily said.

As an EU member, Bulgaria needs quickly to bolster its sources of renewable energy to reduce carbon dioxide emissions.

The EU has an aggressive goal to unilaterally cut carbon emissions by 20% by 2020, as compared to a benchmark year of 1990.

By tapping Japanese technology, the eastern European nation aims to pave the way for obtaining 16% of its power from renewable energy sources by 2020, up from roughly 7% now, the report said.

Output

Toshiba, Tokyo Electric, Japanese trader Itochu and the government-backed Innovation Network Corp of Japan will set up a local joint venture, investing a total of around ¥50bn.

CEZ Group, the seventh-ranked European power utility, will also take part in the joint venture, contributing as much as ¥20bn, according to the report.

Japanese Economy and Industry Minister Banri Kaieda and Bulgarian Economy and Energy Minister Traycho Traykov will agree to support the consortium at a meeting early next week, the Nikkei said.

"It is true that Toshiba is carrying out various activities for developing solar power in Bulgaria," a Toshiba spokesperson said. "But we cannot comment on a specific project and nothing has been decided yet."

The plant will start with an output capacity of roughly 50 000kW. The capacity will gradually be increased to 250 000kW in five years, the daily reported.
- SAPA
Read more on:    solar power  |  energy
NEXT ON NEWS24X
SHARE:

Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Inside News24

 
/News
 

Five wrapping hacks you have to know before Christmas

Five gift wrapping hacks that will save Christmas for you!

 
 

I love summer.24

Sexiest Instagrams of 2014
Joburg hot spots for cocktails, craft beer, tapas and wine!
Summer Survey!
Great ideas for the best summer sandwiches!

Jobs in Cape Town [change area]

Jobs in Western Cape region

Engineering Manager

Western Cape
Pro-Tech Recruitment
R850 000 - R1 100 000 Per Year

Analyst Developer

Western Cape
Progressive IT Resourcing (Pty) Ltd

In bound Supervisor

Western Cape
Peoplefinder Career Placements

Property [change area]

Travel - Look, Book, Go!

Kalahari.com - shop online today

Grand Theft Auto 5

Now available on PS4, Xbox One and PC from R649. Buy now!

Festive gifts!

Check out our awesome range of festive gifts to make everyone’s wishes come true. Shop now!

Save on Samsung

Cameras, mobile phones, TVs, Tablets and more. While stocks last. Shop now!

Save up to R2200 on electronics! – As seen in the catalogue

Wishing for tech gadgets this festive? Save up to R2100 on hot tech products at kalahari.com. While stocks last. Shop now!

30% off the bestselling books

Save big on the most captivating reads of 2014. While stocks last. Shop now!

OLX Free Classifieds [change area]

Samsung Galaxy s4

Mobile, Cell Phones in South Africa, Western Cape, Cape Town. Date October 24

Best bargain in big bay

Real Estate, Houses - Apartments for Sale in South Africa, Western Cape, Cape Town. Date October 25

VW Golf 6, 1.6 Trendline (Excellent condition)

Vehicles, Cars in South Africa, Western Cape, Cape Town. Date October 25

Horoscopes
Aquarius
Aquarius

It is hard to keep some sort of balance when the natural rhythm has flown out the window. The best thing to do is try not to keep...read more

There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.








Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.