BKW is acquiring a 25% minority stake in one 11-MW biomass plant in Pignataro Maggiore, in the Campania region. The plant, which process solid biomass obtained from agricultural and forestry operations in the area, is being built by BKW's partner company STC S.p.A. and is scheduled to go live in the summer of 2009. BKW's investment amounts to EUR 6 million. BKW also has a 10.5% minority stake in the BioPower Sardegna project company on the island of Sardinia. The aim of the project company is to build and operate a modern 35-MW liquid biomass plant in Ottana in the province of Nuoro, with an efficiency level of 49%. The plan is to have the first part up and running by mid-2008 and put the finished plant into commercial operation in early 2009. BKW is being partnered in this project by STC S.p.A., Ottana Energia S.r.l. of Sardinia, and Etschwerke AG. The cost of BKW's stake is around EUR 3.5 million. In addition, BKW is currently planning to build and operate a modern 400-MW gas-fired combined-cycle power plant in the Basilicata region of Southern Italy. The targeted location is Irsina in the province of Matera. If implemented, the investment volume for this project will be around EUR 250 million.