Tag: Varna

TPP Varna to restart production in the second half of 2018 – Bulgaria, 22 February 2018

Danail Papazov, General Manager of Bulgarian company SIGDA which bought thermal power plant Varna from CEZ in late 2017, said that electricity production at the plant should be resumed in the second half of the year. Papazov said that TPP Varna will sell produced electricity on the free market but will also participate in tenders […]

TPP Varna expected to rejoin electricity market within two months – Bulgaria, 17 January 2018

Speaking at the Energy Managers’ Forum, the head of the Electricity Market Directorate at the Bulgarian electricity transmission system operator (ESO), Victoria Popovska said that thermal power plant Varna is expected to be again active in the electricity market, including the balancing market, in a couple of months. In late October 2017, CEZ announced that […]

CPC approved the sale of TPP Varna – Bulgaria, 12 December 2017

Bulgarian Commission for the Protection of Competition (CPC) approved the sale of thermal power plant Varna to a local logistics company SIGDA. The plant was previously owned by Czech energy group CEZ and was sold in the company’s efforts to offload its assets in Bulgaria. CPC argued that this transaction does not require the approval […]