Bulgaria's Largest Thermal Power Plant under Investigation

Business » ENERGY | December 6, 2010, Monday // 17:47| Views: | Comments: 0

The second biggest energy company in Bulgaria, the Maritsa East 2 Thermal Power Plant, is under investigation for law violations, according to Plovdiv's Regional Prosecutor's Office.

The violations have allegedly cost millions of Euro to the Bulgarian state.

A reason for the investigation is reportedly the deal between Maritsa East 2 and the Japanese company Mitsui, which should have rehabilitated the plant's 4 older power units.

Due to a delay in Mitsui's work, though, the plants former executives had to pay a EUR 8 M forfeit.

Maritsa East 2 is the largest thermal power plant in the Balkans. It has a total installed capacity of 1,465 MW and generates 30 % of Bulgaria's electricity. Maritsa East -2 consists of eight generating units, two of which are equipped with flue gas desulphurization plants.

Maritsa East 2 is wholly state-owned. It is a subsidiary of the Bulgarian Energy Holding.

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Tags: Bulgarian Energy Holding, Mitsui, investigation, Maritsa East 2, thermal power plant
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