Bulgarian Energy Holding Looking for 650 Million Euros

Bulgarian Energy Holding Looking for 650 Million Euros

The Bulgarian Energy Holding (BEH) has launched a procedure to pick a lender that would help it pay off part of its debts.
BEH, a structure managing state-owned assets in the energy sector, is now committed to make the payments under a deal with the AES and ContourGlobal thermal power plants which was reached in the spring.
Earlier estimates suggested the sum amounts to 450 million euros. 
The move, if successful, could help the state-owned National Electricity Company (NEK) partly solve its debt crisis which has been posing risks to Bulgaria's energy system.
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