TPP ContourGlobal Maritsa 3 produced over 12% of the Electricity in Bulgaria in 2022
This electricity is enough to cover the average annual needs of more than 1,300,000 households in the country
The Industrial and Commercial Bank of China (ICBC) is likely to become the single company to make a binding offer th the Bulgarian Energy Holding (BEH) as the energy structure is looking for a loan of EUR 650 M to pay off debts.
Capital Daily reports, citing its own sources, that ICBC, one of the world's biggest lenders, will be the only one admitted into the next stage where it will be able to place an offer, even though there was also a second candidate.
BEH, a structure managing state-owned assets in the energy sector, is now committed to make the payments under a deal with the AES and ContourGlobal thermal power plants which was reached in the spring. Out of the five-year, EUR 650 M loan, some EUR 450 M will be earmarked for debts to the two companies.
The holding's majority owner is the state, whose share exceeds 50 percent.
Separately, BEH has launched a procedure looking for bridge financing in which 11 of the 20 candidates are expected to be shortlisted.
It had made similar steps in 2013 to secure EUR 500 M in funding, but the sole bidder, Deutsche Bank, was later disqualified.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
In a bid to enhance its energy security and diversify its gas supply sources, Bulgargaz is gearing up for the first deliveries of liquefied gas through the Alexandroupolis terminal, set to commence in May
The Greek national electricity company, PPC, has announced plans to acquire 500 megawatts of photovoltaic capacity in Bulgaria
Oil prices have surged due to renewed concerns about the Middle East conflict. Brent crude futures increased by 0.32% to 90.80 USD per barrel, while American WTI crude rose by 0.3% to 86.50 USD per barrel
Bulgaria's state-owned energy company, "Bulgargaz," has suffered a significant setback, losing 27% of its market share as a result of a contract with the Turkish company "Botas"
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
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022