Bulgaria Offers Turkey Infrastructure Projects in Bid to Renew Power Supply

Business | April 29, 2003, Tuesday // 00:00

Bulgaria will offer two alternative infrastructure projects with the involvement of Turkish companies during the upcoming talks in Ankara over the renewal of power supplies from Bulgaria, Energy Minister Kovachev told journalists on Tuesday.

Under the ten-year deal that Bulgaria and Turkey signed in 1998 the Bulgarian side is to hire Turkish contractors for Gorna Arda cascade and Maritsa highway in the section Orizovo - Kapitan Andreevo.

The two projects are in a deadlock and the Energy Ministry will offer alternatives so that the long-term agreement is renewed, Minister Kovachev said.

Late on April 21 Turkish Electricity Trade and Contracting Inc. TETAS notified the Bulgarian Electricity Transmission Company that it stops the power import from Bulgaria.

TETAS quoted its motives from April 11, when Turkey warned for the first time that it would stop the supply of electricity from Bulgaria.

TETAS claims that the Bulgarian side has failed to met its commitments regarding the implementation of two infrastructure projects.
Business » Be a reporter: Write and send your article

Advertisement
Advertisement
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria