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CEZ Sets Up Bulgarian Subsidiary for Renewable Energy Investments
1 min read Source: Novinite
From our news archive: this article was published in January 2011. Figures and rules may have changed since.
Bulgaria's Czech-owned power utility CEZ has established a new subsidiary called CEZ Bulgaria Investments.
The new company from the CEZ portfolio is going to focus specially on investments in renewable energy sources, the company announced on Friday.
CEZ Bulgaria Investments was founded on January 3, 2011; a day later it was registered in the trade register in the Netherlands with a capital of EUR 30 000. It is 100% owned by CEZ A.S.
CEZ, which is the electricity distribution company in Sofia and Western Bulgaria, has previous announced a commitment to developing a portfolio of Bulgarian renewable energy projects.
Originally published by Novinite.
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