Text size

ContourGlobal Maritsa East 3 TPP shutdown after contract with NEC expires

No layoffs at this stage, says CEO

published on 2/21/24 1:53 PM

Photo: BTA

The thermal power plant (TPP) ContourGlobal Maritsa East 3 - one of the two so-called American power plants - has ceased operations. The reason is the expiry of the long-term contract with the National Electricity Company for the purchase of electricity at fixed prices. "The shutdown is temporary, there will be no layoffs at this stage," CEO Vassil Shtonov told Stara Zagora media Divident.eu. The cost of electricity produced by Maritsa East 3 is 125 euro per MWh - far higher than prices on the Bulgarian Energy Exchange.

After the shutdown of the country's second largest thermal power plant, the state energy operator assured that the electricity supply system was working properly. Bulgaria's coal-fired power plants AES Galabovo TTP, Maritsa East 2 TTP and Bobov Dol are still in operation, with Bobov Dol TPP on the open market.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria Economy coal-fired ContourGlobal Maritsa East 3 shutdown TPP

More from category

Property prices in Sofia rise 25.5% in a year

The average price of apartments sold in Sofia in the third quarter of 2025 reached €2,310 per square metre , marking an annual increase of 25.5%, according to data from Bulgarian Properties. While new developments remain popular, limited supply and..

published on 11/26/25 4:36 PM

Natural gas prices to fall by over 4% in December

Natural gas prices in Bulgaria are set to fall by just over 4% in December , significantly higher than the previously forecast 1% drop, according to calculations by state-owned supplier Bulgargaz, reported BNR correspondent Yuliyana Kornazheva. This..

published on 11/26/25 2:22 PM

IMF assesses Bulgaria's near-term growth outlook as positive

The Executive Board of the International Monetary Fund (IMF) has concluded the 2025 Article IV Consultation with Bulgaria. According to the IMF’s procedure for assessments and recommendations, domestic demand is driving a robust expansion of the..

published on 11/25/25 10:18 AM