Sun, Nov 08 2009

Five firms vie for Bobov Dol thermal power plant

Wed, Apr 16 2008 21:43 CET byElena Koinova 347 Views
Five firms vie for Bobov Dol thermal power plant

Five candidates - two Bulgarian and three foreign - will vie for 100 per cent of Bobov Dol thermal power plant, Bulgaria's Privatisation Agency said in a statement on April 16.

Bulgaria's Consortium Energia MK, Minna Compania EOOD, Greeк Damco Energy and Sencap, as well as Belgium's Electrabel. purchased tender documentation before the April 15 deadline.

By April 25, all companies are expected to submit documents attesting to their eligibility to participate in the tender. All companies cleared to the next stage of the procedure will be allowed to buy an information memorandum and get a registration certificate, the agency said.

The open tender will take place on June 26 at the privatisation agency's Sofia office. The starting price is set to 100 million leva and the bidding increments are set at one million leva.

The two Bulgarian bidders are both linked to controversial businessman Hristo Kovachki, who has extensive mining and energy business interests, mediapool.bg reported. Sencap is a joint venture between US firm ContourGlobal and Greek Public Power Corporation (PPC).

PPC won the previous tender for the Bobov Dol power plant, pledging to pay 71 million euro for the power plant, but the privatisation agency scrapped the tender after PPC could not reach an agreement on the amount of coal it would buy from the nearby mines.

Write comment

Name:Comment:

Generate new code
Send your comment

More in this category

Bulgaria unemployment rate reaches 8.23% in October

Seven thousand people lost their jobs in October, labour minister says

EasyJet offers 30% promotional discount on all destinations

Once the promotional tickets are purchased during the discount window, they will be valid for the period January 4–March 30 2010

Long awaited repairs

Flannagan’s will be replaced by a French brasserie as part of a 10 million euro Radisson renovation

Mobile operator Globul reports 8.1% revenue drop in Q3

Globul has accumulated a profit of 139.1 million euro for the period January – September 2009, or a 0.3 per cent drop as opposed on last year’s results

Plotting the course

After 100 days in office, Finance Minister Simeon Dyankov pinpoints 10 key issues for Cabinet in ‘the next 100 days’

© 2000-2009, Sofia Echo Media Ltd.

Web Design by RIZN

Sofia Echo Media is part of the Economedia Group.
The news and information content on this website is provided by our editorial team and is copyrighted. Any unauthorised reproduction or use of it is strictly forbidden. Reproduction of this website's content is permitted only with prior written permission from the Editor-in-Chief, should be propertly acredited and provide an active link back to our site. Comments posted by the website's visitors are independent of the editorial materials and do not represent the views of sofiaecho.com. Sofia Echo Media cannot be held responsible for the statements contained in visitor comments. The percentаge change in the shares' prices are based on the price of the last transaction of the current session compared to the price of the last transaction of the previous session. Bulgarian Stock Exchange data is not real-time, but updated every 15 minutes, and should not be used as a basis for decisions about buying or selling stock options.