Identifier
Created
Classification
Origin
08SOFIA667
2008-10-20 14:43:00
UNCLASSIFIED
Embassy Sofia
Cable title:  

OPIC ENVIRONMENTAL INVESTMENT FUND IN BULGARIA

Tags:  ENRG EINV PGOV BU 
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VZCZCXYZ0000
PP RUEHWEB

DE RUEHSF #0667 2941443
ZNR UUUUU ZZH
P 201443Z OCT 08
FM AMEMBASSY SOFIA
TO RUEHC/SECSTATE WASHDC PRIORITY 5460
RHEBAAA/DEPT OF ENERGY WASHINGTON DC
RUCPDOC/DEPT OF COMMERCE WASHINGTON DC
UNCLAS SOFIA 000667 

STATE PLEASE PASS OPIC WPIERCE AND JHANSLEY

SIPDIS

E.O. 12958: N/A
TAGS: ENRG EINV PGOV BU
SUBJECT: OPIC ENVIRONMENTAL INVESTMENT FUND IN BULGARIA

REF: STATE 103210

UNCLAS SOFIA 000667

STATE PLEASE PASS OPIC WPIERCE AND JHANSLEY

SIPDIS

E.O. 12958: N/A
TAGS: ENRG EINV PGOV BU
SUBJECT: OPIC ENVIRONMENTAL INVESTMENT FUND IN BULGARIA

REF: STATE 103210


1. The following is post's evaluation of the role of OPIC's
proposed renewable energy fund in Bulgaria, as requested in reftel.

OPIC's proposed environmental fund would enhance Bulgaria's ability
to meet ambitious EU targets on climate change. We understand that
through its support for the Global Clean Energy Fund, OPIC will
direct funds to projects related to the production of biomass, small
hydro, geothermal, and bio-fuels in the region of Central and
Eastern Europe, including Bulgaria. The proposed OPIC program is a
timely and needed innovation that will help Bulgaria develop
alternative energy sources. As such, it will be greeted positively
in Bulgaria by both government and private sector actors.
MCELDOWNEY

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