Dogan acquired 70 % stake in SIGDA – Bulgaria, 13 September 2018

Leader of the Bulgarian DPS party Ahmed Dogan has acquired 70 % stake in logistics company SIGDA, which has bought thermal power plant Varna from CEZ last year. SIGDA was previously 100 % owned by Ivelina and Stanislav Papazov, daughter and son of former Bulgarian Minister of Transportation Danai Full article available for subscribers of […]

TPP Varna enters electricity market as a trader – Bulgaria, 1 June 2018

Bulgarian thermal power plant will enter electricity market as a trader. At this stage, it plans to operate only on the wholesale market and has no interest in supplying electricity to end consumers. According to its business plan, TPP Varna expects to trade electricity in the volume of some 40,000 MWh in 2018, with the […]

TPP Varna launched tender for equipment maintenance – Bulgaria, 7 March 2018

Bulgarian thermal power plant Varna, which is owned by local company SIGDA, said that it has launched a tender for the maintenance of turbine equipment at its unit 5, worth some 375,000 euros. The deadline for the submission of bids is 22 March 2018, while the bids will be evaluated solely on the offered price. […]