site.btaFirst Offer Received for Loan to Bulgarian Energy Holding

First Offer Received for Loan to Bulgarian Energy Holding

Sofia, February 23 (BTA) - The first offer has been received for a loan sought by the Bulgarian Energy Holding (BEH) for the National Electric Company, Energy Minister Temenouzhka Petkova told journalists Tuesday. She took part in a discussion on the problems in heating, organized by National Ombudsman Maya Manolova.

"The first offer was received on Monday, we expect to see others by Friday," Petkova said. Asked whether it might turn out that there are actually no offers to choose from due to their inadmissibility, she said she is an optimist and expects a choice to be available.

The Energy Minister underscored that once all potential participants in the procedure have made offers, a commission will assess them and the one with the best conditions for BEH will be selected.

BEH needs a loan of 650 million euro, the proceeds of which are supposed to pay the amounts that the National Electric Company owes the two US-owned power plants in the Maritsa East Complex: AES 3C Maritza East 1 EOOD and ContourGlobal Maritsa East 3 AD.