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NewsFrom Bulgaria20.08.2015 15:40 ContourGlobal: If NEK Pays Debts in Time, Maritsa East Mines Will not See Payment Delays The announcement comes after Bulgaria’s energy minister Ms. Temenuzhka Petkova announced that NEK’s parent structure – the Bulgarian Energy Holding, is yet to seek a loan provider, as the power incumbent did not have the means to pay
The Bulgarian National Electricity Company (NEK) owes ContourGlobal Maritsa East 3 BGN 388 million (about EUR 194 million), while the power plant operator owes the state-owned Maritsa East Mines BGN 189 million (about EUR 94.5 million). ContourGlobal will pay its dues, as soon as it receives the amounts due by NEK, the company said in a statement released Thursday. The announcement comes after Bulgaria’s energy minister Ms. Temenuzhka Petkova announced that NEK’s parent structure – the Bulgarian Energy Holding, is yet to seek a loan provider, as the power incumbent did not have the means to pay ContourGlobal Maritsa East 3 and the other U.S. power station in the Maritsa East energy complex – AES Galabovo. According to Ms. Petkova, the official announcement should be published by August 27, while the signing of the contracts was announced as early as April of this year. If NEK pays duly and in full extent its debts, the power plant will, in its turn, pay Maritsa East East mines regularly, and the system will work efficiently, Garry Levesley, CEO of ContourGlobal Maritsa East 3, commented. In its statement ContourGlobal reminded that it has signed an agreement with NEK for the payments, the enactment of which will bring about a 17-percent decrease in the power plant’s availability price. A similar agreement was also reached with AES Galabovo. Through both deals, NEK will see a decrease of its financial deficit by BGN 100 million per year, ContourGlobal Maritsa East 3 said in its statement. No published comments Login to comment |
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