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28.11.2016 17:15
Bulgarian Energy Holding Lends EUR 23 M to Subsidiary Thermal Power Plant
The loan is meant to cover debts of Maritsa East 2 TPP towards Maritsa East Mines and the Security of the Energy System Fund

  • © Maritsa East 2 TPP

The state-run Bulgarian Energy Holding (BEH) has lent BGN 45 m (about EUR 23 m) to its subsidiary Maritsa East 2 TPP. The power plant has already transferred BGN 35 m to the Security of the Energy System Fund, while the rest went to another BEH subsidiary - Maritsa East Mines, which supplies the power plant with lignite coal, sources at BEH told

The loan was approved on November 22 by the Energy and Water Regulatory Commission.
The management of Maritsa East 2 TPP reportedly said that its debt to the Fund would reach BGN 44 m by the end of the year, with the interest already nearing BGN 2 m. 
All electricity producers and importers, as well as grid operators in Bulgaria, have been obliged to make monthly payments amounting to 5 per cent of their income from electricity sales. By September 30, some BGN 450 m have been amassed in the Fund since its start in end-July 2015.

TAGS: Bulgaria | BEH | Bulgarian Energy Holding | Maritsa East 2 TPP | loan | energy | electricity | mines | Maritsa East Mines 

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