Czech Republic Exposes Russian Influence Network Operating Across Europe, Including Bulgaria
The Czech Republic has revealed the dismantling of a vast network of Russian influence spanning across Europe, with Bulgaria among its targeted countries
HOT: » Assessing the Legacy of Bulgaria's "Denkov" Cabinet: Achievements, Failures, and What Comes Next
Russian state-owned energy company Inter RAO considers to borrow EUR 300 M in order to buy the Bulgarian Maritsa East 3 Thermal Power Plant from the Italian Enel.
The money will be borrowed from the Russian Sberbank, Gazprombank and VTB, according to Bulgarian media. Inter RAO plans to buy 73% of the Thermal Power Plant.
However, experts have recently commented that the potential buyer is probably eying a 100% stake in the plant, in which the state owns a 27% stake. The rumors were fanned by a statement of Energy and Economy Minister Traicho Traikov, who recently announced that the state can land EUR 200 M from the sale of its stake in the plant.
US investment fund Contour Global was until recently considered the most probable buyer of for the 908 megawatt Maritsa East 3 coal-fired plant in Bulgaria, but it is facing funding problems, according to the Bulgarian Capital weekly.
Experts say Inter RAO's planned Bulgarian purchases fit in well with the strategy of the Russian company, which already owns GRES, the largest power station of Moldova, which exports electricity to Romania and Bulgaria.
In late July, Austria's utility EVN, which already owns EVN Bulgaria, an electricity distribution company in south and southeast Bulgaria, confirmed it is holding talks for the acquisition of a majority stake in the Maritsa East 3 coal-fired power plant.
British utility International Power, US power producer AES Corp. and CEZ AS are also said to have shown interest in acquiring Enel majority stake in Maritsa East 3.
A year ago Enel increased the capacity of Maritsa East Three plant to 908 megawatts, up from 840 MW, and also put new desulphurisation installations on the plant's four units.
Should the Russian company acquire Enel's assets in Bulgaria, it will become of the biggest energy companies in the country, accounting for about 12% of its electricity output.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
A remarkable shift in Bulgaria's energy landscape has been unveiled in the latest report from the Commission for Energy and Water Regulation, submitted to the Bulgarian parliament
Natural gas prices in Europe experienced a significant spike, surpassing 2% to reach 29 euros per megawatt-hour (MWh) on Monday
Amidst Ukraine's urgent need for additional power sources following the closure of the Russian-controlled Zaporizhzhia nuclear power plant
Bulgarian lawmakers have taken a significant step toward bolstering the nation's energy infrastructure by advancing cooperation with the United States for the construction of Units 7 and 8 at the Kozloduy Nuclear Power Plant
The Bulgarian Parliament has ratified the Agreement between the Government of the Republic of Bulgaria and the Government of the United States on cooperation regarding the construction of nuclear power at the Kozloduy Nuclear Power Plant
During a forum in Alexandroupolis, US Assistant Secretary of State for Energy, Jeffrey Payatt, highlighted the significance of a gas pipeline project through Bulgaria as the next pivotal step for energy development in the region
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022