Balkans Investment Consulting Agency (BICA) is a private company providing fund management, as well as project and asset management services in Central and Eastern Europe.

BICA News 2013

June 2013
Bulgarian Association for Biomass Issued an Open Letter to the Media

On June 12, 2013 Bulgarian Association for Biomass issued an open letter┬áto reputable Bulgarian media arguing against the proposed decrease of feed-in tariffs for biomass power plants by 25% – 30%. The new tariffs proposed by the State Energy and Water Regulatory Commission are based on unclear assumptions and miscalculations and would kill the investment interest in the entire biomass sector if approved. The final decision of the regulatory commission is expected in the end of June.



April 2013
BICA Gave a Presentation on a Biomass Gasification Forum in Pamporovo, Bulgaria

BICA participated in a seminar on investing in biomass gasification power plants in Bulgaria, organized by the Bulgarian Energy Forum under the auspices of the State Energy and Water Regulatory Commission. Mr. Andrey Bachvarov, General Manager of BICA, gave a presentation on how to realize an investment in a biomass gasification power plant in Bulgaria given the current regulatory framework and the technological, supply and financing factors that are vital for the investment’s success.