The Government of Bulgaria is set to terminate the power purchase agreement (PPA) deal forged with ContourGlobal for its 908 MW Maritsa East 3 coal-fired power plant.
The 15-year PPA was signed in 2001 by Bulgaria's state-owned National Electricity Company and the power plant operator ContourGlobal Maritsa East 3. The contract started to be realized in February 2009, when ContourGlobal completed the rehabilitation of the Maritsa East 3 coal-fired power plant.
The European Commission has opened the investigation to determine whether the PPA represents illegal state aid, following a complaint filed by Bulgaria's Energy and Water Regulatory Commission.
Country updates
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August 30, 2019
EOIs in for 2 GW Belene nuclear power plant project in Bulgaria
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Monbat to acquire 66.66% of STC
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Total Eren closes 650 MW acquisition facility in Europe
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June 27, 2019
Eurohold signs deal to acquire Bulgarian assets of CEZ Group
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April 30, 2019
CEZ terminates a contract to sell its Bulgarian assets to Inercom
CEZ announced that it has terminated a contract to sell its assets in Bulgaria to Inercom due to "unlawful obstructions" by Bulgarian authorities. Inercom’s acquisition of CEZ Bulgaria was...
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