LSIS wraps up construction of turnkey solar plant in Bulgaria

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LSIS wraps up construction of turnkey solar plant in Bulgaria

LS Industrial Systems (LSIS), a leading manufacturer of electric components, has completed construction of a solar plant in Bulgaria, spurring its efforts to advance into the European solar power market.

The company said yesterday its consortium with Evertechno built the 14.5-megawatt solar plant in the city of Yambol at the request of Astronergy Solar Bulgaria, a Korean branch of Chinese Chint Group in Bulgaria.

LSIS won the order based on a turnkey contract, making it also responsible for the engineering and procurement of solar modules and inverters. Its partner Evertechno was in charge of construction.

Solar panels were installed in the two Bulgarian villages of Hanovo and Bezmer, and the contract was worth 30.3 million euros ($37.22 million). The solar plant will supply electricity for around 4,800 Bulgarian households.

“LSIS was the first company in the country to jump into the solar business in 1986,” said Koo Ja-kyun, the vice chairman of LSIS. “It possesses the technology and knowhow to provide complete solutions for the engineering and construction of solar modules and inverters.”

A number of solar firms at home and abroad tried to capture the Bulgaria deal, but LSIS was chosen because of the speed with which it promised delivery, according to the company.

The company’s so-called ramming technology, which has not yet been introduced in Bulgaria yet, could help shorten the construction time by more than 40 percent, from five months to three months, it said.

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