Bulgaria To Seek Revision of Contracts with Private TPPs in Maritsa East Complex

Bulgaria To Seek Revision of Contracts with Private TPPs in Maritsa East Complex

Bulgaria will seek to revise the terms of its long-term contracts with thermal power plants (TPP) Maritsa East 1 and Maritsa East 3 in a bid to lower electricity prices for end-consumers, the head of the country's energy regulator, Angel Semerdzhiev, said.

The state purchases electricity from the two TPPS at a fixed price which is higher than the one it pays state-owned Maritsa East 2, Semerdzhiev said in an interview for broadcaster TV7 on Thursday.

Semerdzhiev also said that the foreign owners of Maritsa East 1 and Maritsa East 3 had agreed with the regulator that their investment risks are much smaller than at the time when the contracts were signed, which should be reflected in electricity prices.

 

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