Chinese investors and NEC signed an agreement of connection of an energy project

NEC and Chinese investors today signed a preliminary agreement to connect an energy project for construction of plants for the production of energy from wind.
The investment is worth more than BGN 1 billion. During the construction and operation of the investment will be employed over 750 people.
The contract was signed in the official hall of the Bulgarian Energy Holding in Sofia.
For the first time in Bulgaria RES manufacturer disclaims guaranteed preferential fees for the produced energy. The energy produced from wind will be realized in full on free market principle. The government in the face of NEC will have no commitment to its purchase.
Over BGN 100 million from taxes and fees are supposed to come to the state budget from the import of technical equipment necessary for the construction of plants for the production of energy from wind. The financial revenues for municipalities and local tax will amount to more than BGN 5.4 million 
"The investment intention of the Chinese state company shows international confidence enjoyed by the country in the face of NEC and respectively "Bulgarian Energy Holding" EAD. Leading motive for investment is the good investment climate, the stable and predictable tax policy of the country", said NEC.
"The signing of this agreement is a good sign for the Bulgarian-Chinese Economic Cooperation and marks an important stage in its development," was the statement of NEC.
The construction of substations and associated cable networks is predicted to be built, as well as 200 km of new road routes and rehabilitation of existing municipal road infrastructure.
The Chinese company investor intends to invest its own funds in social projects for rehabilitation and construction of major public buildings - kindergartens, schools, park areas and adjacent infrastructure. After their construction, they will be provided free of charge for use by municipalities and their residents.