BGS Energy Plus a.s. received increased subsidy for Cihost biogas plant

The management board of BGS Energy Plus a.s. informs of having been notified by the Ministry of Industry and Trade of being awarded on 18.8.2010 an incrase in subsidy for the Cihost plant. The increased amount is: CZK 21 750 000 (EUR 877 000).

The total investment cost amounts to CZK 72 500 000, (EUR 2 923 000) and the subsidy constitutes 30% of the total investment cost. Cihost biogas plant will be built for the own company portfolio, it’s designed power is 620 kW. The plan is to connect the plant to the grid in 4Q’2010.

Originally the subsidy was in the amount of CZK 13 875 000 (EUR 559 000), the total investment cost were CZK 46 250 000 (EUR 1 865), and the designated power was 370 kW.

Legal basis: § 3 ust.1 of the Appendix 3 to Resolution No. 733/2009 of the Warsaw Stock Exchange Management Board dated 18 December 2009 “Current and Periodical Information in the Alternative Trading System”