Investments into Bulgaria's Maritza East thermal power plant have reached BGN 566 M (EUR 289 M), a press release from the Maritza East III Power Company AD said Thursday.
The company reported a net profit of BGN 26 M (EUR 13.2 M) for last year.
Maritza East III Power Company AD is a joint venture between the National Electricity Company the state-owned Bulgarian transmission and dispatch company and the single buyer in the system (minority shareholder) and Entergy, a large energy utility in the US (majority shareholder).
The net profit of the company will be entirely reinvested in the further renovation of the power plant.