Local company Green Profit and Hong Kong-based oil and gas company United Energy Group (UEG) signed a contract for the construction of a 250 MW solar photovoltaic plant in southern Bulgaria, InvestBulgaria Agency said.
The PV plant will be located in the Haskovo region, the IBA said in a statement, without providing further details.
UEG is focused on traditional oil and gas sectors and green energy project development. Its portfolio includes wind and solar projects in Pakistan, Iraq and Egypt.
The company is also expanding into the European energy market and is currently in talks to acquire renewable energy projects with a total capacity of over 1 GW, IBA said in a statement.
