site.btaUS-Owned TPPs Agree to Cut their Electricity Prices

US-Owned TPPs Agree
to Cut their
Electricity Prices


Sofia, February 20 (BTA) - Bulgaria's National Electric Company
(NEK) has signed memorandums with each of the two US-owned
coal-fired electric power plants in the Maritsa Basin, AES
Maritza East 1 and ContourGlobal Maritsa East 3, under which the
long-term agreements on purchase of the electricity generated
by the plants will be renegotiated and its price will be
reduced, Energy Minister Temenouzhka told a news conference here
on Friday.

For its part, NEK guaranteed that it will pay its overdue debts
to the two power plants.

"We hope that the renegotiation on the terms and conditions for
the long-term purchase of the electricity produced by the plants
will be finalized by the end of March 2015," Petkova said.
PK/LG


/СН/