KING`S PARTY OPPOSES RECENT DEALS

Business | June 2, 2001, Saturday // 00:00

The disputes between the ruling party of UDF and National Movement Simeon II (NMSimeon-II), on the TPP Maritza-East 1 and 3 deals with US companies AES and Entergy, deepened. `Entergy would not sign the contract for TPP Maritza East, after Simeon II movement acquaint US investor with their doubts about the deal on Monday, June 4`, king`s expert Vladimir Karolev said. According to Mr. Karolev, the contract is disadvantageous for both parties. `These projects are envisaged to produce electric power at more effective prices`, PM Kostov elaborated. The average price of the electricity manufactured by both TPPs is expected to be 3.5 cents. President Petar Stoyanov said that he supports without any doubt the deals with Entergy and AES, because he thinks that these are two successful and beneficial for Bulgaria contracts. Bulgarian government expects the contracts with US investors to be signed on June 11 to 13. The amount of investment expected worth $1,4 Bln.

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