NEK expects to save 1 bln BGN from agreement with "AES-Galabovo" TPP and "ContourGlobal Maritsa East 3" TPP


Today the National Electric Company (NEK) signed amendments to the agreements with the two plants to reduce their price for availability, which are expected to result, until the end of their long-term contracts, in about 1 billion BGN savings for NEK.

The Ministry of Energy reported that the new agreements govern the availability price reduction under the two contracts - by 17% for TPP "ContourGlobal Maritsa East 3" and 14% for TPP "AES Galabovo" without increasing their duration . For its part NEK is committed to pay all arrears to the two plants totaling 700 mln. BGN.