Energosnabdyavane Named Buyer of Toplofikatsia Shumen

Energosnabdyavane Named Buyer of Toplofikatsia Shumen

Electricity supplier Energosnabdyavane has been selected buyer of the heating utility of Shumen, in northeastern Bulgaria, the local authorities said.
Energosnabdyavane was the only candidate buyer for the Shumen heating utility in a tender in which the starting price was set at 10,000 levs ($7,000/5,000 euro).  The buyer has to reschedule the company’s debt and invest at least 2.0 million levs in it within the next three years.
The deal is subject to approval by the mayor of Shumen.
The company was forced into insolvency in November over debts of 18.5 million levs to Bulgargaz. 
 
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