Bulgaria plans a third attempt to sell a 630-megawatt thermal power plant in an open tender after previous efforts failed, the privatization agency said yesterday.
The agency plans to call the tender for a 100 percent stake in the Bobov Dol plant in western Bulgaria by the end of the month and hopes to conclude a deal by year-end, Veneta Natcheva, spokeswoman for the agency, said. “The agency has sped up work and plans to announce the tender by the end of September,” she said.
New European Union member Bulgaria canceled Bobov Dol’s sale to Greece’s Public Power Corporation (PPC) for a second time in May, following environment and coal-purchasing disagreements. PPC, which has bid 105.2 million euros for the generator, is currently appealing against the agency’s decision in court.
Natcheva said the court had ruled PPC’s appeal inadmissible and that PPC was now appealing the court’s decision.
(Reuters)