AES Bulgaria, the operator of thermal power plant Galabovo, said that the long-term power purchase agreements (PPA) could be terminated if mechanisms for compensation of non-reimbursable costs are adopted.
CEO of AES Bulgaria Ivan Tsankov said that the company will present an option to the Ministry of Energy on the methodology for the compensation of non-reimbursable costs proposed in February by 30 June. After this date, the negotiations with the Government on the parameters of the future agreement, which must ensure the security of energy supply in full liberalization of the market, could begin.
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Tags: AES Bulgaria, Bulgaria, electricity, electricity market, Galabovo, regulation, TPP