Economic Transformation Program

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On 10.11.2023, Alumina Elit 2003 EOOD concluded a Financing Agreement No. BG-RRP-3.006-0165-С01 "Construction of new photovoltaic systems for own consumption in combination with batteries" under the "Economic Transformation Program" (ETP) to component "Smart Industry" of the National Recovery and Resilience Plan (NRRP).

The goals of the investment are aimed at restoring and developing the economic growth potential and competitiveness of the enterprise by reducing energy costs and dependence on the free electricity market.

Under the project, construction activities will be carried out for the construction of 1 pc. new photovoltaic installation for the production of energy from renewable sources for own consumption in combination with local energy storage facilities (batteries) in the company's own property in the town of Veliko Tarnovo.
The implementation of the investment will result in:

  •   Ensuring relative independence and flexibility in the energy consumption necessary to carry out the main activity of the enterprise
  •   Reducing energy costs
  •   Improving energy efficiency
  •   Reducing the carbon footprint of the activity

The expected results of the implementation of the investment are: a photovoltaic system with batteries will be built, 
which will provide economically affordable energy for the main activity of Alumina Elit 2003 in the long term.

Total value of the project: BGN 569,800.00, of which BGN 284,900.00 is European co-financing.