Dear Yinglan,
My name is Milen Polimenov, Managing Director at Company for Capital Management (CCM) and Bulgarian Green Investment Fund (BGIF).
CCM is investment-consulting company that develops project in the field of renewable energy source (RES), EU Structural funds and corporate finance. BGIF is newly registered closed Fund, focused on investments in photovoltaic projects.
Currently, BGIF is starting capital increase of 15.5 million EUR through initial private placement. Time frame for capital raising is May – September, 2009.
The raised funds will be invested in development and construction of photovoltaic projects in Bulgaria. The period of Fund's existence is three years as at the end of the third year all of the assets will be sold and the Fund will be closed. The prognostic average return of investment on annual basis is 45.69%. Management Company of BGIF is Company for Capital Management.
The investment strategy of BGIF includes two main directions:
• Purchasing appropriate agricultural land, performing land designation, ensuring of the necessary documents and permissions for construction of photovoltaic power plants and sale of ready for realization projects;
• Construction of operating photovoltaic power plants and their further sale. As to this moment, three appropriate projects with total capacity of 52 MW are selected.
Main objectives of the Fund:
• Increase in market value of its assets
• Realization of current profitability through sale of ready projects (land with performed land designation and all necessary documents and permissions);
• Realization of profitability through sale of built and operating photovoltaic power plants;
• Ensuring high return of investment of the shareholders' funds.
Why the Fund is going to invest in Bulgaria?
There is National strategy for increasing the share of energy produced from renewable energy sources. The period of feed-in tariffs is 25 years for power plant put into operation until 2015. For photovoltaic installations with capacity to 5 kWp – 420.8 EUR / MWh, and for photovoltaic installations with capacities above 5 kWp – 386 EUR / MWh. Energy distribution and transmission companies are obliged to join with priority all power plants that are producing electricity from renewable energy sources. Along with that, price of electricity for domestic and industrial clients is expected to increase.
If you are interested in investments in BGIF or you would like to participate in fundraising I can provide you more information - summary of BGIF, Memorandum of BGIF, legal information, business plans of the selected projects and financial models.
Regards,
Milen Polimenov
Managing Director
Bulgarian Green Investment Fund
Saborni 11 Blvd, office 3
Varna 9000, Bulgaria
personal e-mail: polimenov@yahoo.com
Office e-mail: office@bgif.eu
mobile:
00 359 888 814 606
office:00 359 52 91 90 45, 00 359 52 91 90 46
web: http://www.bgif .
My name is Milen Polimenov, Managing Director at Company for Capital Management (CCM) and Bulgarian Green Investment Fund (BGIF).
CCM is investment-consulting company that develops project in the field of renewable energy source (RES), EU Structural funds and corporate finance. BGIF is newly registered closed Fund, focused on investments in photovoltaic projects.
Currently, BGIF is starting capital increase of 15.5 million EUR through initial private placement. Time frame for capital raising is May – September, 2009.
The raised funds will be invested in development and construction of photovoltaic projects in Bulgaria. The period of Fund's existence is three years as at the end of the third year all of the assets will be sold and the Fund will be closed. The prognostic average return of investment on annual basis is 45.69%. Management Company of BGIF is Company for Capital Management.
The investment strategy of BGIF includes two main directions:
• Purchasing appropriate agricultural land, performing land designation, ensuring of the necessary documents and permissions for construction of photovoltaic power plants and sale of ready for realization projects;
• Construction of operating photovoltaic power plants and their further sale. As to this moment, three appropriate projects with total capacity of 52 MW are selected.
Main objectives of the Fund:
• Increase in market value of its assets
• Realization of current profitability through sale of ready projects (land with performed land designation and all necessary documents and permissions);
• Realization of profitability through sale of built and operating photovoltaic power plants;
• Ensuring high return of investment of the shareholders' funds.
Why the Fund is going to invest in Bulgaria?
There is National strategy for increasing the share of energy produced from renewable energy sources. The period of feed-in tariffs is 25 years for power plant put into operation until 2015. For photovoltaic installations with capacity to 5 kWp – 420.8 EUR / MWh, and for photovoltaic installations with capacities above 5 kWp – 386 EUR / MWh. Energy distribution and transmission companies are obliged to join with priority all power plants that are producing electricity from renewable energy sources. Along with that, price of electricity for domestic and industrial clients is expected to increase.
If you are interested in investments in BGIF or you would like to participate in fundraising I can provide you more information - summary of BGIF, Memorandum of BGIF, legal information, business plans of the selected projects and financial models.
Regards,
Milen Polimenov
Managing Director
Bulgarian Green Investment Fund
Saborni 11 Blvd, office 3
Varna 9000, Bulgaria
personal e-mail: polimenov@yahoo.com
Office e-mail: office@bgif.eu
mobile:
00 359 888 814 606 office:
00 359 52 91 90 45, 00 359 52 91 90 46 web: http://www.bgif .
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