Bulgaria calls for EC permission to save Maritsa East 2 TPP

Photo: Venelina Popova

A rise of about 300 million euros in the capital of the Maritsa East 2 TPP has been planned, the Bulgarian Energy Holding announced. In order to realize the capital increase, the approval of the EC will be sought after, in order for the rise not to be considered as state aid. If the thermal power plant did not get the funds next year it might go bankrupt. The company's debt to the holding is about 500 million euros. With the capital increase, Maritza East 2 should be able to cover this additional investment on a market principle, said CEO of the holding Petyo Ivanov.

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