Bulgaria: NEK loan deals for two private TPPs, AES Galabovo & ContourGlobal Maritsa East 3

1. March 2016. / SEE Energy News

The financial resource is to be used to make up for the debts of BEH subsidiary the National Electricity Company (NEK) to two private power plants – the AES Galabovo TPP and the ContourGlobal Maritsa East 3 TPP. The two power plants would thus be able to pay the state-owned Maritsa East Mines.

Eight out of a total of eleven financing institutions submitted binding offer in a call by the state-owned Bulgarian Energy Holding (BEH) for a direct negotiation of a consultancy partner in an obligations emission writes publics.bg

“All candidates are compliant with the preliminary criterion for the provision of a bridge loan which, at a later stage, is to be re-financed by the emission of obligations”, the holding said in an official statement.

The total amount of the suggested financing covers the financial resource of EUR 650 m required by BEH. The holding’s management however did not diclose the names of the candidates.

A commission at the holding is currently evaluating the offers received and is expected to invite the selected candidate for direct negotiations.

The financial resource is to be used to make up for the debts of BEH subsidiary the National Electricity Company (NEK) to two private power plants – the AES Galabovo TPP and the ContourGlobal Maritsa East 3 TPP. The two power plants would thus be able to pay the state-owned Maritsa East Mines.

 

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