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USTDA GRANT SUPPORTS PILOT WIND FARM PROJECT IN BULGARIA

FOR IMMEDIATE RELEASE

SOFIA, BULGARIA (June 21, 2004) – Earlier today, the U.S. Trade and Development Agency (USTDA) awarded a $384,531 grant to the Municipality of Karlovo in Bulgaria to co-fund a feasibility study on a municipal pilot wind farm project.  Electrotek Concepts of Richmond, Virginia will perform the study and implement the pilot project in cooperation with General Electric Wind Energy, LLC of Atlanta, Georgia.  The grant represents USTDA’s commitment to assist the Municipality with its plans to expand energy production and to introduce renewable sources of energy in Bulgaria.  

The grant was conferred in a signing ceremony at the American Center at the U.S. Embassy in Sofia.  Ambassador James Pardew, U.S. Ambassador to Bulgaria, signed the grant on behalf of the U.S. Government.  Mayor Emil Kabaivanov signed on behalf of the Municipality of Karlovo. 

The pilot project seeks to introduce the first commercial wind farm to Bulgaria, and to provide a case study demonstrating that wind power is an economically viable source of energy.  The USTDA-funded feasibility study will define a wind farm model that can be replicated elsewhere in Bulgaria. 

The U.S. Trade and Development Agency advances economic development and U.S. commercial interests in developing and middle-income countries.  The agency funds various forms of technical assistance, feasibility studies, training, orientation visits and business workshops that support the development of a modern infrastructure and a fair and open trading environment.  USTDA’s strategic use of foreign assistance funds to support sound investment policy and decision-making in host countries creates an enabling environment for trade, investment and sustainable economic development.  In carrying out its mission, USTDA gives emphasis to economic sectors that may benefit from U.S. exports of goods and services.

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