Business news

19 Aug 2020

New FEZ resident to build photo power plant near Brest

Photo courtesy of feelek.ru

BREST, 19 August (BelTA) – A new resident of the Brest Free Economic Zone (FEZ Brest) is working on a business project to build a photo power plant, BelTA learned from the FEZ Administration.

A company with Irish capital, Smart Sun, has been registered in FEZ as a new business entity. The company plans to build an 8 MW photovoltaic power station in the industrial zone area Airport. A land plot with the area of 9.6 hectares has been allocated for this purpose. The project is planned to be implemented within ten years. The first stage, scheduled for three years, includes the development of the construction site and the launch of the station. The total investment volume will amount to €3.6 million.

“The project will enable FEZ residents to use cheaper electricity, which will contribute to the competitiveness of the manufactured products. Theoretically, all enterprises located in the industrial zone Airport will have such an opportunity. There are ten enterprises that operate in the zone today,” the FEZ administration said.

The project was initiated by the management company Pure Energy LLC, which specializes in the development of infrastructure projects and programs related to “clean technologies”. These are production of energy from renewable sources, waste processing and water treatment, energy efficiency. The company has experience in building photovoltaic power plants in Belarus and Ukraine. With its participation, such stations were built in Yelsk, Cherikov and Bragin.

Smart Sun has become the 75th resident of FEZ Brest and the sixth one registered since the start of the year.