Tag: Varna

TPP Varna signed control systems upgrade deal with Siemens – Bulgaria, 24 October 2018

Bulgarian thermal power plant Varna said that it has awarded 2.6 million euros worth contract for upgrading the control systems of its units 4, 5 and 6 to Bulgarian subsidiary of German company Siemens. The deal with Siemens was signed back in September as the company submitted the sole offer Full article available for subscribers […]

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 […]