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

The Bulgarian National Bank has published clarifications on how the single currency will be written

In its “Questions and Answers” section on the introduction of the euro, the Bulgarian National Bank has published a clarification on how the single currency should be denoted and written in accordance with EU regulations. The name of the..

published on 11/14/25 10:01 AM

Bulgaria's government approves 2026 draft budget

The government approved the draft Law on the 2026 State Budget, as well as the Updated Medium-Term Budget Forecast for the 2026–2028 period. In connection with the introduction of the euro on January 1, 2026, all figures have been prepared in..

published on 11/13/25 3:35 PM

BNB Governor: Banks in Bulgaria are ready for the euro

Citizens should remain calm about the introduction of the euro in Bulgaria from January 1, 2026, as the Bulgarian National Bank and commercial banks are ready for all processes related to the currency conversion and distribution of euro banknotes. This..

published on 11/4/25 2:28 PM