Six plants for producing energy out of bio mass are planned to be constructed by 2012 the Bulgarian-Portuguese company ‘Mape development’. A total of 150 million Euro will be invested in the power-stations with 30MW power.

The Portuguese part of the company is 80% and the rest of the share belongs to Nikola Parlikov who takes part in the managing of some forest associations. The Portuguese representatives are Jose Caetano, president of the mother company MAPA SGPS Group, and Johau Caldeira, the managing director of ‘Mape Development’ with a 20% share.

The investor has reached preliminary agreement to build its first power plant in the region of Panagyurishte. The capacity of the plant will be between 5 and 10MW, and the investments will come up to 25 million Euro.

Except for the working on projects in the fields of renewable energy sources, ‘Mape Development’ is concerned with golf projects, tourism and creating of logistic and industrial zones.