Slovenia’s Holding Slovenske Elektrarne (HSE) has finalized an 85.1-million-euro deal to buy a thermal power plant at the Danube River city of Rousse, Bulgaria’s privatization agency said yesterday.
HSE filed the best offer for the 400-megawatt plant last December, outbidding French Dalkia International, a unit of Veolia Environement and Germany’s E.ON, but financial and regulatory issues delayed the deal’s compeltion.
Under the contract, HSE is obliged to keep a majority stake in the plant for three years, but the company has said it plans to sell 49 percent of the plant to a business partner as it would diminish risk and ensure coal supplies.
(Reuters)