Bulgaria, TPP Maritsa 3 reported a net loss in the amount of 2.6 million euros in Q1 2022

, SEE Energy News

Bulgarian thermal power plant Maritsa 3 reported a net loss in the amount of 2.6 million euros in the first quarter of 2022, compared to a loss of some 8 million euros recorded in the same period last year.

The company’s total revenues dropped to 6.8 million euros in the first three months of 2022, compared to 10.8 million euros in the same period in 2021. Total expenditures dropped as well, reaching 9.4 million euros, compared to last year’s 20 million euros.

Last week, 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.

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.