ENKA had taken necessary steps towards the renewable energy market by acquiring 100% of the shares of Town Up 8 LTD company, which had a photovoltaic power plant implementation and development license in Burgas, Bulgaria. With a capacity of 45 MWp, the plant is planned to have an annual electricity generation capacity of 63 GWh/year. The investment project of the company is being realised on a total area of 470,000 m2, using approximately 80,000 solar panels, 120 inverters and 1,750 tons of steel structure. The estimated completion duration of the project is about 15 months.
The works carried out on the project by the end of June 2024 are as follows:
- Engineering designs are nearly complete.
- Most of the main material items have been tendered and procurements have been finalized delivered to the project site.
- Overall construction progress is around 33%.
- Steel structure installation progress is at approximately 47%.
- PV solar panel installation progress is at around 40%.
As of the end of June 2024, the project achieved 151 days and 52,170 person-hours without a lost time incident.