Tag: Maritsa East 2

NEK recorded 61.4 million euros net profit in Q1 2017 – Bulgaria, 26 April 2017

Bulgarian state-owned National Electricity Company (NEK) recorded a net profit in the amount of 61.4 million euros in the first quarter of 2017, mostly due to cold spell in January/February. By comparison, the company recorded a net profit of 27.6 million euros in the first quarter of 2016. According to the statement from the Ministry […]

TPP Maritsa East 2 to obtain two loans worth 12.8 million euros – Bulgaria, 17 March 2017

Bulgarian Energy Holding (BEH) announced that its subsidiary that operates thermal power plant Maritsa East 2 has invited offers for two revolving loans with a combined worth of 12.8 million euros. The two loans will serve to finance the power plant’s working capital needs. The deadline for the submission of bids is 27 March 2017. […]

Bulgaria may be forced to close TPP Maritsa East 2 due to carbon emissions breach – Bulgaria, 10 March 2017

The European Commission (EC) may launch an infringement procedure against Bulgaria for exceeded carbon oxides emissions threshold in the town of Galabovo, which is located in the heart of the country’s coal production area – the Maritsa East basin. According to Ivan Angelov, Director at the Ministry of Environment and Water, the worst possible consequence […]