Bulgaria, TPP Maritsa 3 recorded 8.5 million euros loss in H1 2022

, SEE Energy News

Bulgarian coal-fired thermal power plant Maritsa 3 reported a net loss in the amount of 8.5 million euros in the first half of 2022, compared to a loss of some 8.6 million euros recorded in the same period last year.

The company’s total revenues dropped to 10.3 million euros in the first six months of 2022, compared to 11.1 million euros in the same period in 2021. Total expenditures dropped as well, reaching 18.5 million euros, compared to last year’s 19.2 million euros.

In April, Bulgarian Environment Ministry announced that coal-fired thermal power plant Maritsa 3 located in Dimitrovgrad in southern Bulgaria was forced to stop operation due to increased air pollution. The local environmental inspectorate issued an order for coercive administrative measures instructing the power plant to immediately seize operation. The order follows a number of violations of the Environmental Protection Act and breaches of the power plant’s integrated permit in the past months. Maritsa 3 has already been fined for those. The operator violated requirements in its integrated permit regarding the handling of flue gases and the power plant’s sulfur dioxide emissions exceeded the air quality standards in the town of Dimitrovgrad.

However, in June, the Supreme Administrative Court allowed TPP Maritsa 3 to resume operations, arguing that the facility is incurring substantial losses by being shut down and that the rights of more than 200 workers, who are forced into unscheduled leave without pay and risk unemployment, need to be safeguarded.

TPP Maritsa 3 is located in Dimitrovgrad in southern Bulgaria and has 120 MW output. Its largest shareholders is UK-based Topgroup with 49 % stake.