BELARUS NEWS AND ANALYSIS

DATE:

06/10/2008

German companies suggest renewable energy projects to Belarus

German companies suggest implementing joint projects in Belarus in the area of renewable energy sources, head of the German economy representation in Belarus Vladimir Avgustinsky said at the German Economy Day in Minsk on October 1.

In his words, several German companies present their proposals for using renewable energy sources, including a project for setting up a hybrid power plant. Investments in the project may exceed ?200 million. The companies will hold negotiations with interested Belarusian state agencies to discuss the possibility of implementing the project in Belarus, said the source. He specified, the project was initiated at the Belarusian-German energy forum in May 2008.

Vladimir Avgustinsky underscored, the interest of German business circles in Belarus is on the rise. It is the fifth delegation of German businessmen that has visited Belarus this year, with visits planned for the next year as well. The present representative delegation includes around 35 representatives of over 20 German companies, which operate in power engineering, chemistry, electronics, instrument making, transport and consulting. While in Belarus members of the delegation are expected to discuss opportunities for manufacturing cooperation.

Measures taken to liberalise the economy and Belarus' advancement to the number of leading legislation reformers provided a positive influence on the rising interest of German investors, remarked Vladimir Avgustinsky. "I think the possibility of partaking in the privatisation programme adopted by the Belarusian government will invoke a lot of interest of investors," he added.

The German Economy Day is arranged by the German-Belarusian Economic Club and the representation of the German economy in the Republic of Belarus with assistance of the German embassy. The event is supposed to inform the general public about the operation of German companies in Belarus and to expand contacts with Belarusian partnering companies. It is the second German Economy Day organised by the German side in Minsk. Entrepreneurship culture, various aspects of which are considered during events and presentations, is the theme line of the German Economy Day.

Source:

http://www.yourindustrynews.com/news_item.php?newsID=12065

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