Text size

ContourGlobal Maritsa East 3 TPP shutdown after contract with NEC expires

No layoffs at this stage, says CEO

published on 2/21/24 1:53 PM

Photo: BTA

The thermal power plant (TPP) ContourGlobal Maritsa East 3 - one of the two so-called American power plants - has ceased operations. The reason is the expiry of the long-term contract with the National Electricity Company for the purchase of electricity at fixed prices. "The shutdown is temporary, there will be no layoffs at this stage," CEO Vassil Shtonov told Stara Zagora media Divident.eu. The cost of electricity produced by Maritsa East 3 is 125 euro per MWh - far higher than prices on the Bulgarian Energy Exchange.

After the shutdown of the country's second largest thermal power plant, the state energy operator assured that the electricity supply system was working properly. Bulgaria's coal-fired power plants AES Galabovo TTP, Maritsa East 2 TTP and Bobov Dol are still in operation, with Bobov Dol TPP on the open market.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria Economy coal-fired ContourGlobal Maritsa East 3 shutdown TPP

More from category

Which currencies will be most sought after by Bulgarians in 2024?

The two most sought-after currencies by Bulgarians in 2024 remain the US dollar and the euro, just as in 2023. The Turkish lira, the Romanian leu and the Serbian dinar were also very popular, followed by the British pound and the Swiss franc. This was..

published on 1/2/25 3:08 PM

Improved business climate recorded at the end of December

The overall business climate indicator in Bulgaria has increased in December by 1.7 points from 17 percent to 18.7% compared to November . An increase in the indicator was observed in the industry sector by 1.9 points, in retail trade by 5.7 points and..

published on 12/31/24 9:53 AM

2025 portends difficult survival for businesses against the backdrop of political instability and foreign policy challenges

The National Assembly postponed the discussion and voting of the most important fiscal law of the land – the national budget for 2025 – for next year. “If we do not have an approved budget by 19 January, then everything in the country will grind to a..

updated on 12/30/24 1:16 PM