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

Bulgaria's Fiscal Council recommends introducing budget savings measures in 2026 state budget

In view of the country's declining population, the Fiscal Council recommends that the government take savings measures in the 2026 state budget. The measures include: reducing the municipal administration by merging municipalities;..

published on 10/28/25 11:51 AM

No disruptions or price increases expected on Bulgaria’s fuel market

No disruptions or price increases are expected on Bulgaria’s fuel market following the US sanctions imposed on Russian oil companies Rosneft and Lukoil, Bulgarian Petroleum and Gas Association Chairman Svetoslav Benchev told BTA. "For now, I..

published on 10/24/25 10:22 AM

Allianz Trade forecasts Bulgaria as one of CEE’s fastest-growing economies

The annual growth of Bulgaria's gross domestic product will remain above 3% in the period 2025-2027 , according to a report by commercial credit insurer Allianz Trade, BTA reports. According to Allianz this means that the Bulgarian economy will become..

published on 10/22/25 2:38 PM