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Velora will invest 100 million in Álava to build a plant that will produce products linked to the electricity grid

They ruin the completion of the new plant in 2028 and full capacity incorporation in the first half of 2029. It will also create 100 jobs. 

Damaso Quintana Vicinay

Businessman Dámaso Quintana, at the center of the picture.

EITB

Updated

The energy group Velora, which specializes in the energy sector, will invest EUR 100 million in the construction of a plant in Álava that will produce products linked to the electricity grid , as reported on Friday by the company. The project is supported by the Basque Government. It will create 100 jobs and the new plant is expected to be completed by 2028. 

The project will be developed through the ECN All Wind Velora Industrial Platform, in which the Basque Government and the Ekarpen Fund participate by 7.8%.

Álava

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