Grown Apart

Spanish energy company Iberdola intends to construct a vacation complex near the Bulgarian seaside village of Lozenets, Bourgas Dnes i Outre reported.

Until present, the Spanish company has invested 300 000 euro (600 000 leva) in the expansion and modernization of pumping station in the north part of Lozenets village.

Iberdrola plans to invest about 750 000 euro (1.5 billion leva) in the execution of the project. The company will start construction of the resort when it finishes work on the infrastructure.