INVESTMENT NEWS
China's Sunpower Group Unit to design biomass-fired plant in Bulgaria
Chinese energy company Sunpower Group said that its unit Shandong Yangguang Engineering Design Institute will design a biomass-fired power plant in Bulgaria, starting in August.
The design of the plant envisages the use of waste from pulp production as the main fuel for production of steam for a new pulp production line, the company said in a statement.
This is the group’s 55th project overseas. It will be executed through the Chinese Government’s Belt and Road Initiative.
The objective of the “One belt, one road”, also known as the Belt and Road Initiative (BRI) is to build trade routes between China and the countries in Central Asia, Europe and Indo-Pacific countries.
Source: Bulgarian News Agency
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