Our team analyzed and selected the Project, consulted the Investor at the acquisition of the Project Company, during the construction and consequently at the sale of the functioning photovoltaic electric power plant.

It provided a full set of financial accounting services to the Investor and the companies related to him.

The Project was acquired during the month of August 2011.

Investor and Contractor was the German Company “EEPro” GmbH

The project utilized “Hareon” modules, “SMA” central inverters and “Schletter” mounting structure systems

The Project was completed and connected to the grid 4 months after its acquisition on December 16, 2011

Project Student City is targeting the large student population from the various higher education institutes in the city of Sofia in need of affordable and comfortable housing.

The project consists of 365 condominiums on 16 floors and total floor built-up area of 31,681 m²

11 Floors feature 27 smaller size apartments per floor:

    5 two bedroom apts. – 75-105 m²

    5 one bedroom apts. – 55-75 m²

    17 studios – 40-55 m²

12th and 13th floors feature larger duplex apartments

The last 3 floors feature six high-end apartments

Ground floor – Retail Space – 2,095 m²

Underground parking lot for 87 cars – 3,453 m²

Ground floor outdoor parking lot for 43 cars

According to an assignment of the Investor, BePart Consulting team studied the market, selected a proper plot, developed the Project and at the moment represents the Investor at negotiations for the sale of shares or the entire Project.

Overview

1 MW plant CHP combined cycle

Wood chips from wood waste

Fixed tariff for 15 years buy-out

Buy-out tariff: 221 EUR/MW

Tariff indexed to price of wood resources

Sources of Income:

    Sale of electricity at fixed tariff

    Sale of heat as byproduct

Thermal Gasification Technology

Wooden chips is fed into a reactor, where oxygen is added and burn at 1000-1200° C, extracting wood gas

The gas is then run through a cyclone battery and scrubber battery for cooling and filtering, respectively

The cooled wood gas is fed to an internal combustion engine, which in turn powers a generator

According to the assignment of the Investor BePart Consulting studied the Market, selected a proper plot, developed the Project and at the moment represents the Investor at negotiations for the sale of the Project.