Bulgaria: TPP Maritsa East 2 recorded 100 million euros profit in Q1

, SEE Energy News

Bulgarian state-owned coal-fired thermal power plant Maritsa East 2 recorded a net profit of 100.4 million euros in the first quarter of 2023. That is 30% lower compared to the same period in 2022.

Total revenues dropped to 386 million euros from 552 million euros in the first quarter of last year. Sales revenues amounted to 385 million euros. The majority was realised on the free market, including sales on the energy exchange IBEX.

Total expenditures in the first three months fell to 287.3 million euros from last year’s 407.5 million euros.

The cost of CO2 emissions in the first quarter of 2023 was 171.2 million euros, compared to 284.3 million euros in the same period last year.

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