The AES Corporation, among the largest global power companies in the field of conventional and alternative energy sources, is the biggest investor in Bulgaria over the last 20 years. AES Bulgaria is part of the Strategic Business Unit’s operations for the region of Europe, Middle East and Africa, one of the six strategic business units AES Corporation is divided into.
AES Bulgaria contributes to the stabilization of the energy sector and enhances the energy independence of the country through its diversified power generation facilities. With an estimated investment of nearly EUR 1,3 billion, the 600 MW net TPP AES Galabovo represents the newest and most modern power plant in South East Europe. Part of it is the Waste Disposal Facility designed to accommodate the waste product of the power plant, using the most advanced and environmental friendly storage and preservation technology. Owned by AES Geo Energy, a joint venture company of AES and the German Geo Power with minority stake, Saint Nikola Wind Farm with a capacity of 156 MW and 52 Vestas wind turbines is the largest wind park in Bulgaria.
AES Bulgaria adheres to shared company values - Striving for Excellence, Putting Safety First, Acting with Integrity, and Honoring Commitments. Putting these values into action has its three-fold beneficial impact – social development through a vast corporate social responsibility program, better environment through a thorough compliance with most stringent environmental standards, and sustainable economic growth through creation of jobs within the local community.
In September 2013 the big family of AES entities in Bulgaria grew with a new member, the AES EMEA Financial Hub, established to provide financial and accounting services to all AES businesses in the region of Europe, Middle East and Africa.