Hungary's ELMIB has won an order worth close to HUF 600 million (€2.15 million) in Bulgaria, where the company will modernize four schools to improve their energy efficiency, cutting energy-related costs by up to one-third, the company told MTI on Wednesday.
The company's subsidiary, ELMIB Bulgaria AD, has signed the agreement on the EU-funded investment with the municipality of the city of Pazardzhik.
The ELMIB group's operations include natural gas and electricity trade, operation of public lighting and modernization of public-lighting systems.
ELMIB was established by the Hungarian Development Bank (MFB) in 2000. The company was sold to its management in 2005.
ELMIB began building its own energy-production capacities in 2008, increasing its revenue to around HUF 21 billion, more than double its level in 2007.
ELMIB has subsidiaries in Croatia, Bulgaria and Romania. (MTI-ECONEWS)