BEH again saved Toplofikacia Sofia The Bulgarian Energy Holding (BEH) has once again bought a debt of Toplofikacia Sofia to Bulgargaz of BGN 110 million. It is about the next debt to Bulgargaz, which is about BGN 144 million. The claim covers the delivery period of February-October of the current year. BEH is currently working on the guarantees needed for Azerbaijani gas, which will start running on January 1, 2021, said the head of the parliamentary energy commission Valentin Nikolov. According to him, in order for the banks to be able to accept the guarantees of Bulgargaz, it is normal to make an assignment - once again BEH to buy the debt of Toplofikacia Sofia to the state gas supplier. The goal is for Bulgargaz to prove its liquidity and for the banks to give a guarantee for it. Toplofikacia Sofia has nearly BGN 800 million in debts and reports nearly as many losses.
Source: Duma (04.01.2021)

EWRC did not find any violations in the accounts of Toplofikacia Sofia for November The Energy and Water Regulatory Commission (EWRC) did not find any violations in the accounts of Toplofikacia Sofia in November 2020, the regulator announced. The institution self-referred after media publications. A day later, the prosecutor's office requested an inspection of the company. The data show that in November 2020 the average daily temperatures were 4.3° C lower than in November 2019. Toplofikacia Sofia has supplied more heat to its subscribers, which leads to an increase in invoiced heat. In addition, the heating season in 2019 began on November 5, and in 2020 - on October 28.
Source: investor.bg (18.01.2021)

Lukoil Neftochim will invest BGN 339 million in new own thermal power plant Starting this year, Lukoil Neftochim Burgas plans to start reconstruction and expansion of the thermal power plant on the territory of the plant. The 5-year business plan for Lukoil Neftochim Burgas TPP, which is an independent company, licensed under the Energy Act, presented to the Energy and Water Regulatory Commission, shows that a total of BGN 339 million will be invested in the project by 2024. The reason for this is that the now existing plant, which should ensure the continuous production process of chemical installations, often breaks down, especially after the construction of the new Complex for processing of heavy residues hydrocracking of tar (H-Oil). "The thermal power plant provides the high requirements of the new complex with heat and chemically treated water in case of severe system accidents and disturbances in the power system and loss of generating heat power," the company's business plan reads. The consumption of heat and electricity in the plant is comparable to that of a big city. The announced new TPP Lukoil Neftochim Burgas will have 960 mW of heat and 257 mW of electricity. For comparison – Toplofikatsia Sofia, which is the largest in the country, has 1253 mW of heat and 239 mW of electricity. The TPP will use only natural gas as fuel and all the heat and electricity produced by it will be used on site - it is clearly stated that it will not be sold to customers or to the grid. The necessary investment will be covered by Lukoil itself, as the long-term liabilities of the company operating the TPP are projected to increase from BGN 74.8 million in 2021 to BGN 315.1 million in 2024.
Source: Capital (26.01.2021)

BEH is preparing a lawsuit against the Sofia heating company for nearly BGN 700 million The Bulgarian Energy Holding (BEH) is preparing to file a lawsuit against the Sofia district heating company if the company does not start paying its debt of nearly BGN 700 million by the end of next month.This became clear from a letter from BEH to the supervisory board of Toplofikatsiya-Sofia with copies to the Prime Minister, the Energy Minister and the Deputy Prime Minister. In it, the holding refuses the new renegotiation requested by the Sofia heating company with an additional postponement and reduction of the interest rates on the debt of almost BGN 700 million for unpaid gas. Last year, it was transferred from Bulgargaz to the state-owned energy holding. BEH therefore demand that the district heating company sign the debt agreement by April 30, 2021 at the latest. The holding will sue Toplofikatsiya if the agreement with the specified repayment plan and offer for reliable collateral (pledge of the receivables of Toplofikatsiya-Sofia) or another precautionary measure in favor of BEH is not concluded by that date. Toplofikatsiya-Sofia has written in its business plan for 2021 a loan of BGN 500 million for the construction of cogeneration plants to increase electricity production. This is expected to stabilize the company.
Source: 3e-news (10.03.2021)

BEH will sue Toplofikacia Sofia for BGN 700 million The Bulgarian Energy Holding (BEH) is preparing to file a lawsuit against Sofia's heating utility Toplofikacia Sofia if the company does not start paying off its nearly BGN 700 mln debt by the end of next month. This shows a letter from BEH to the supervisory board of Toplofikacia Sofia with copies to Prime Minister Boyko Borissov, Energy Minister Temenuzhka Petkova and Deputy Prime Minister Tomislav Donchev. In it, the holding refuses the new renegotiation requested by the Sofia heating company with an additional postponement and reduction of the interest rates on the debt of almost BGN 700 million for unpaid gas. Last year, it was transferred from Bulgargaz to the state-owned energy holding, the Politika newspaper recalls. 'BEH does not accept Toplofikacia Sofia's proposal to renegotiate the two existing agreements from 2015 and 2019. We believe that the terms of the signed agreements reflect the maximum allowable compromises from BEH that the holding can make for Toplofikacia-Sofia, taking into account both the economic and social dependence of district heating for the country', the letter of the energy holding reads. They therefore demand that the district heating company sign the debt agreement by April 30, 2021 at the latest.
Source: expert.bg (11.03.2021)

The trustees of Corporate Commercial Bank start paying another BGN 250 million to the depositors From next Tuesday (March 30), the trustees of the bankrupt Corporate Commercial Bank will start paying another BGN 250 million to the bank's creditors. The amount is included in the fourth partial account for distribution of accepted receivables and represents almost entirely the EUR 125 million received from BTC in May last year. They were part of the financing by the bank controlled by Tsvetan Vassilev to acquire a majority stake in the telecom in 2012, and after the bank closed, there were a number of lawsuits blocking the payment of the amount over the BTC control dispute. According to the account published in the Commercial Register, the amount is distributed among over 7,000 depositors in CCB who have unsettled receivables. These are mainly persons who had more than BGN 196,000 in a deposit in the bank, as those with smaller amounts received their funds from the Bank Deposit Guarantee Fund (BDGF) at the end of 2014. Apart from them, however, the list also includes those who were on privileged terms, as well as those who acquired receivables through assignments, as well as those who found themselves again as creditors of CCB after the cancellation of concluded assignments. The most significant part of the amount - BGN 189 million, will be directed to the BDGF, which after the payment of guaranteed deposits for about BGN 3.7 billion has become the largest creditor of CCB. Some state and municipal companies, which were among the largest depositors in the bank at the time of its closure, will receive more substantial sums. For example, Toplofikacia Sofia will be able to receive BGN 4.6 million, Bulgartransgaz - BGN 3 million, Airport Sofia "- BGN 1.47 million, BDB over BGN 1 billion and others. The list itself is published in the Commercial Register on the account of CCB. As with the previous accounts, the payment of the amounts is serviced by Unicredit Bulbank. A list of branches is published on the CCB website, where each creditor can receive the amount allocated to him. The money can be withdrawn, transferred to an account in Unicredit Bulbank or another bank. With this, the funds already paid by CCB will exceed BGN 1 billion.
Source: Capital (29.03.2021)

The trustees of CCB have reimbursed 25% of the money Over BGN 1.25 billion are the funds distributed to creditors by the trustees of the bankrupt Corporate Commercial Bank as of the end of March 2021, according to the Bank Deposit Guarantee Fund (BDGF). The amount allocated for recovery is significantly higher than the forecasts for no more than BGN 800 million of the specialized international investigation company AlixPartners Services UK LLP. The data show that for more than 6 years the trustees have managed to collect about 25% of the assets of the looted bank. There is no data on how many of the BGN 1.25 billion in question are the result of the collection of loans provided by the Corporate Commercial Bank, the liquidation of the bank's assets or the declaration of invalidity of set-offs after its bankruptcy. Most of the money allocated for the return - BGN 928 million, actually goes to the BDGF, which is the largest creditor of CCB, after paying off protected deposits in 2015 for BGN 3.7 billion. So far, the bank has returned money to unprotected depositors (those with savings over BGN 196,000) and other creditors with four partial accounts. The list of major unprotected investors includes Sofia District Heating, Bulgargaz and Bulgartransgaz, BDB, BEH, NEK, Kozloduy NPP, Maritza Iztok Mini, NRIC, as well as government agencies such as the Privatization Agency and the Diplomatic Properties Agency. All of them have so far received no more than 20% of their former savings in the bank.
Source: Sega (15.04.2021)

Bulgargaz increases its profit to BGN 39.6 million in 2020 About 14% less purchased quantities of natural gas and 50% decrease in revenues are reported by the state company Bulgargaz for 2020. However, the company registered a profit of BGN 39.6 million compared to BGN 34.4 million for the same period of 2019. This is clear from the annual financial report of the gas supplier, which is published on its website. In principle, all state-owned companies had to publish their reports, but so far only a few have fulfilled their legal obligation. It is also noteworthy that Bulgargaz's receivables have been significantly reduced - to a total of BGN 57 million. Of this amount, BGN 47 million belong to Toplofikacia Sofia, which has accumulated in the last two years over BGN 100 million worth of debts to the gas supplier, which BEH then repaid. According to Capital, the liabilities are now over BGN 60 million, which shows that despite the help from the state, the arrears continue. In 2020, the main quantities of natural gas will be provided through a long-term contract with Gazprom. Deliveries from Azerbaijan started only in early 2021, with Bulgargaz receiving limited quantities through a temporary delivery point at the Tower, as the gas connection with Greece (Stara Zagora - Komotini) is not yet complete.
Source: Capital (29.04.2021)

Bulgargaz increases its profit to BGN 39.6 million in 2020 About 14% less purchased quantities of natural gas and 50% decrease in revenues are reported by the state company Bulgargaz for 2020. However, the company registered a profit of BGN 39.6 million compared to BGN 34.4 million for the same period of 2019. This is clear from the annual financial report of the gas supplier, which is published on its website. In principle, all state-owned companies had to publish their reports, but so far only a few have fulfilled their legal obligation. It is also noteworthy that Bulgargaz's receivables have been significantly reduced to a total of BGN 57 million. Of this amount, BGN 47 million belong to Toplofikacia Sofia, which has accumulated over BGN 100 million in the last two years. debts to the gas supplier, which BEH then repaid. According to Capital, the liabilities are now over BGN 60 million, which shows that despite the help from the state, the arrears continue. In 2020, the main quantities of natural gas will be provided through a long-term contract with Gazprom. Deliveries from Azerbaijan started only in early 2021, with Bulgargaz receiving limited quantities through a temporary delivery point at the Tower, as the gas connection with Greece (Stara Zagora - Komotini) is not yet complete. The 25-year agreement with Azerbaijan provides for the supply of 1 billion cubic meters of Caspian gas per year. For comparison - the annual consumption of natural gas in our country is about 3 billion cubic meters.
Source: Capital (05.05.2021)

The energy companies owe a total of BGN 2.5 billion The companies in the energy sector, united under the Bulgarian Energy Holding, have debts of BGN 2.5 billion, said caretaker Minister of Energy Andrey Zhivkov. He specified that the servicing of these obligations alone costs the state EUR 100 million a year. Andrey Zhivkov criticizes the style of work of BEH. "BEH has access to attractive financing, but instead of investing in strategic projects and becoming a regional player, it uses them to solve current problems. In other words, with long-term liabilities BEH solves short-term problems. This is a path to a debt spiral," the minister pointed out. To refinance its liabilities in July, BEH will issue a bond issue of EUR 550 million, but no base investor has been found for it to give the company an image, said Minister Zhivkov. His deputy, Alexander Nikolov, added that the problem was that BEH continued to accumulate deficits. Among BEH's biggest debtors is the National Electricity Company with a debt of over BGN 2 billion, which the company does not service, but only renegotiates. TPP Maritsa East 2 is another large debtor with BGN 580 million. Bulgartransgaz's liabilities are also growing year by year, amounting to BGN 920 million, the main reason being the investment of BGN 2.6 billion in the project for the construction of the route of the Balkan Stream gas pipeline. The minister expressed doubts about the profitability of the project, but promised to give more details by getting acquainted in detail with the financial estimates. Bulgargaz also has liquidity difficulties due to Toplofikacia-Sofia, which is failing to pay its debts, Minister Zhivkov added. As a problem, the Minister pointed out that BEH seizes extraordinary dividends from the profitable companies and thus "the problem is transferred from the sick head to the healthy one". He pointed out that in 2019 and 2020 an additional BGN 200 million and 270 million were taken from the NPP Kozloduy, and from the Electricity System Operator twice BGN 50 million each.
Source: Dnevnik (28.05.2021)

Bulgargaz wants natural gas prices to rise by 20 percent Natural gas to rise in price by 20 percent and one megawatt-hour to cost BGN 45.27 without fees and charges. This will be requested by Bulgargaz, announced the executive director of the company Nikolay Pavlov. Later in the day, the Energy and Water Regulatory Commission (EWRC) will determine the final price at which blue fuel will be sold in June. The main reason for the requested increase is the rising gas prices on European exchanges. This time, the repair of the Turkish Stream on the territory of our southern neighbor is added to this, which will stop the deliveries in the region along this route for a week towards the end of the month, Pavlov explained. 'For the second month, Bulgargaz has been negotiating with Gazprom Export, the quantities needed for the Bulgarian market to be delivered along the old route through Ukraine and Romania. There is no technical or legal obstacle to such a delivery. Meanwhile we made negotiations with other large suppliers and we bought some of the necessary quantities for this period. These quantities were purchased at spot prices and accordingly they will be reflected in the price that Bulgargaz will offer to the EWRC for approval, as a slight increase,' said the head of Bulgargaz. Nikolay Pavlov also pointed out that Toplofikacia Sofia has accumulated new liabilities to Bulgargaz in the amount of BGN 86 million. 'This means that for the last 5 months since the beginning of the year they have accumulated BGN 30 million new debts. We asked Toplofikacia Sofia to propose a plan according to which they will pay these debts. Unfortunately, we did not receive such a repayment plan. And, probably, we will proceed again to undertake a judicial collection,' he said.
Source: Banker (02.06.2021)

As of today, the price of electricity has risen by 4.40%, the average by 16.23% Electricity prices for households from July 1 increased by an average of 4.40% and heat prices increased by an average of 16.23%. The main reasons for the increase are the higher costs of energy companies for natural gas and carbon emissions, said the Energy and Water Regulatory Commission. With a decision of July 1, EWRC ruled that natural gas will rise by 10% to BGN 49.94 / MWh (excluding prices for access, transmission, excise and VAT). Initially, the price of electricity for households had to rise by an average of 3%, the increase is due to the increase in the fee "Liabilities to society", and this is due to the inclusion of electricity quotas from TPP Maritsa East 2 in the mix for the regulated market. The price of heating had to be increased by an average of 10%, and rose to over 16 percent.
Source: 24 chasa (02.07.2021)

BEH is considering asking for a capital share of Toplofikacia Sofia in exchange for debt Bulgarian Energy Holding is seriously considering solving the problem of gas debts of Toplofikacia Sofia by acquiring property against its obligations. This was said by the executive director of the state company Valentin Nikolov. However, the report, funded free of charge by the US Trade and Development Agency, is awaited, which should recommend measures for the rehabilitation and modernization of Toplofikacia Sofia, Nikolov said. According to him, the entry of the state with a share in the heat supply company is the only way to settle the debts, and as a shareholder the Bulgarian Energy Holding (BEH) can offer an investment program for the development of the company. The municipal district heating company owes BEH BGN 760 million èí debts of the heating company purchased over the years for gas supplied by the holding's subsidiary Bulgargaz, announced in early June the caretaker Minister of Energy Andrey Zhivkov. Separately is the new debt of nearly BGN 80 million accumulated since the end of last year to the gas supplier, which may again be subject of lawsuits by Bulgargaz.
Source: mediapool.bg (05.07.2021)

Bulgarian-Chinese consortium with Turkish participation to build RDF fuel installation at Sofia District Heating One of Sofia's largest public procurements for BGN 350 million with VAT was won by a Bulgarian-Chinese consortium with Turkish participation. The association "RDF Fire Power Plant Sofia 2021" has already been selected by "Toplofikacia Sofia" as a contractor for the construction of the long-delayed installation for combined energy production with utilization of RDF fuel. The facility must burn the waste left over from the capital's waste processing plant, Duma reports. Until now, they were transported mainly to the cement plants in the country, to which the municipality paid. At the beginning of the year, Toplofikatsiya, on whose territory the installation will be built, announced a public tender for a builder for BGN 292.2 million without VAT. Five participants appeared - "Atomenergoremont", "GCR" in association with a Chinese and Belgian company under the name "Sofia RDF 2021", "Geostroy" and "Mixconstruction". However, only two companies were admitted to the ranking - "Sofia RDF 2021" and Mix Construction, Bulgaria's leading partner in RDF Firepower Plant Sofia 2021. It includes another Turkish and three Chinese companies, which received the most points from the election commission. Mix Construction is known mainly for private projects in the field of industrial construction, having participated unsuccessfully in the tender for the construction of the waste plant 10 years ago. The new facility must be built within 30 months of signing the contract, but no later than December 31, 2023. The disputed installation will be located on the site of TPP Sofia, despite the controversy over whether it should be built at all and where.
Source: Capital (29.07.2021)

There are at least two reasons for the suspension of the work of Toplofikacia Sofia The accounts of Toplofikacia Sofia can be seized if the company does not pay off at least part of its debt to Bulgargaz within a week, which amounts to nearly BGN 100 million. This was stated to BNR by the executive director of Bulgargaz Nikolay Pavlov. "The situation is very troublesome. The efforts of all institutions must be united here," he commented. On July 15, Bulgargaz filed a lawsuit against Toplofikacia Sofia for nearly BGN 71 million. "We expect them to pay their debts in the case by September 7, otherwise Bulgargaz will take action to seize accounts in order to collect the receivables," Pavlov added. According to him, the rise in gas prices today is due to higher demand and shortages of raw materials on international markets. The final decision of the energy regulator on the rate of gas price increase for September will become clear this afternoon. As early as June this year, it became clear that Bulgargaz had asked Toplofikacia Sofia to offer a plan under which it would pay its debts, but never received one. At the end of 2020, Bulgargaz started suing Toplofikacia Sofia for BGN 110 million, after the company never paid off its debt by the end of December. The same scenario developed in 2019, when Bulgargaz turned to the court again. However, after the district heating company repaid part of its liabilities, the claim was withdrawn.
Source: money.bg (02.09.2021)

BEH: Sofia District Heating owes us nearly BGN 700 million Toplofikacia Sofia's debt to the Bulgarian Energy Holding amounts to nearly BGN 700 million, and since March the Sofia-based company has not transferred money to repay even the interest on them. This was stated for BNR by the executive director of BEH Valentin Nikolov. Over the years, the Bulgarian Energy Holding (BEH) has repeatedly bought the debt of Toplofikacia Sofia to Bulgargaz, but currently such an opportunity is not envisaged. A possible increase in the price of heating by 20%, as required by district heating due to the gas jump, also cannot solve the problem, said Valentin Nikolov. "Even if they increase the price by 20%, which I hope will not happen, it will solve the problem with their current obligations, not with past ones." According to Nikolov, granting a low-interest loan by the municipality or the state is an option to deal with the situation. "Since Sofia also has a good rating, the credit rating of the state is also good, they can provide a loan to Toplofikacia Sofia so that it can service the loans that are with us. In order for it to be able to realize its investment program later.” The director of BEH believes that “district heating as it is now cannot service its current liabilities, let alone the accumulated liabilities over the years”. "Even interest has not been paid since March. They want renegotiation - well, we will sit down and renegotiate, but this in no way solves the problem, "said Valentin Nikolov.
Source: Sega (03.09.2021)

Toplofikacia Sofia again demanded a price increase Toplofikacia Sofia has again submitted an application for revision of the price of heating in the EWRC. Earlier, the company sent two letters to the regulator, but there was no response. This is the second request of the district heating company for higher prices. The first was submitted in August and a price increase was required from September. The EWRC did not comment on the application, but reiterated that according to the regulations, the price of heating can be changed once every six months, ie from January 1. Even if a change in the regulation on the pricing of thermal energy begins, it will take months. Due to the record high prices of natural gas, Toplofikacia Sofia could not raise money and pay Bulgargaz. The head of the gas company Nikolay Pavlov said that Bulgargaz has filed a second lawsuit against Toplofikacia Sofia, this time claiming BGN 54 million. The arrears of the capital's heating company for natural gas are BGN 105 million, he said. The purpose of the lawsuit was to secure Bulgargaz's cash flows so that it could pay in advance to the Russian and Azeri suppliers.
Source: 24 chasa (27.09.2021)

The term of Toplofikacia Sofia for payment of the debt to Bulgargaz expires The deadline set by Bulgargaz for Toplofikacia Sofia to pay its debts expires today. The Sofia-based company owes BGN 131 million to the gas company, which warned that it would stop supplying gas. President Rumen Radev and ministers held a meeting with state energy companies, the state regulator, employers, trade unions and local authorities over the energy crisis, after which Sofia City Council Chairman Georgi Georgiev said the Sofia Municipality insisted on immediate measures to compensate for Sofia District Heating. According to him, the municipal company should be compensated in the same way and with the same funds as any private company. During the meeting, the caretaker Prime Minister Stefan Yanev undertook to discuss the problems of Sofia's Toplofikatsiya in a timely manner. For the BNR's Horizon program, municipal councilor Proshko Proshkov called on Bulgargaz not to escalate tensions. District Heating is an indispensable part of the energy system of Sofia and the country. It is part of the critical national infrastructure. Without Toplofikatsiya, it is impossible for Sofia's energy system to exist. There is no way to stop the supply of gas from a public supplier, this would be sabotage against a million and a half citizens. Letters have been sent and I hope to receive an answer for meetings with the relevant ministries, the Council of Ministers, the independent regulator to change the methodology, to find the reserves, because at the moment the debt spiral becomes an abyss for Toplofikatsiya.
Source: National radio (25.10.2021)

BEH wants to acquire Toplofikacia Sofia The Bulgarian Energy Holding (BEH) wants to acquire part or even the entire Toplofikacia Sofia, which is currently municipal property. The reason is that during the last decade the company has been managed very poorly and has not stopped accumulating debts to Bulgargaz, which are then bought by BEH. Thus, the company will actually become state-owned again, after it was given to the municipality in 2010. It is not yet clear what percentage of the ownership BEH will acquire, but due to the large liabilities of Toplofikacia Sofia, the ownership can be changed without the approval of the Sofia Municipality. The executive director of BEH and former GERB MP Valentin Nikolov confirmed the poor management of Sofia Municipality and announced that currently the district heating company owes it nearly BGN 720 million, and another cession for BGN 131 million will take place in the coming days, with which BEH will buy part of the overdue liabilities of Toplofikacia Sofia to Bulgargaz. Nikolov explained that the principal of the district heating company - Sofia Municipality, has expressed a negative opinion about the next cession of debts, as it insists on gratuitous state aid. However, Deputy Energy Minister Miroslav Damyanov explained that at the moment the state has not provided measures to support businesses for the high price of gas, but only for electricity.
Source: economic.bg (26.10.2021)

BEH took over the debt of BGN 121 million of Toplofikacia Sofia to Bulgargaz The Bulgarian Energy Holding (BEH) has assumed Toplofikacia Sofia's debt of BGN 121 million to Bulgargaz This was announced by the executive director of the gas company Nikolay Pavlov at a meeting of the energy regulator, quoted by BNR. The information was confirmed for "Capital" by the executive director of the holding Valentin Nikolov, who specified that the money has already been transferred. According to Pavlov, the signed contract for cession between Bulgargaz and BEH guarantees the supply of natural gas for November, but a longer-term solution is needed so that the district heating company can pay its obligations regularly.
Source: Capital (29.10.2021)

EUR 800 million needed for complete overhaul of Toplofikacia Sofia About EUR 800 million will be needed for a complete overhaul of Toplofikacia Sofia. This is shown by the preliminary assessments of the working report of "Black and Witch Management Consulting", which was presented at a press conference in Sofia Municipality. Upon approval of the working report and secured funding, the activities under the plan can be implemented in 36 months. The results of the first phase of the report indicate the methods that can improve the work of Toplofikacia Sofia. The purpose of the present study is to create a comprehensive plan to assist the Sofia Municipality in coordination with Toplofikacia Sofia in solving the problems in the plants with installations and equipment, operations and finances. The plan considers possible upgrades or replacement of several of the existing aging cogeneration and boiler installations and distribution network of Toplofikacia Sofia, which are used for the supply of heat and electricity in the capital.
Source: Darik Radio (01.11.2021)

The CPC returned the choice of builder of the garbage fuel plant for the Sofia heating system The Commission for Protection of Competition returned to the starting position the procedure for selection of a builder of the Sofia plant for RDF fuel, produced from garbage, which will be used by the capital's heating system. The regulator has declared illegal the selection of the consortium "RDF Fire Power Plant Sofia 2021" as the winner of the tender with a price of BGN 291.4 million without VAT. According to the antimonopoly commission, the municipal district heating company Toplofikacia Sofia made procedural mistakes. Toplofikacia Sofia has violated the pre-announced conditions of the tender, in which it requires the produced quantities to be measured Mwe (electric megawatts). The winner "RDF Fire Power Plant Sofia 2021" has indicated the quantities in different units - kw/h or kilowatt-hour. "The error led to a change in the values in the table and the commission made inadmissible recalculations. The commission ignored this error and calculated the values in the table with 20.8 in MWe instead of the value declared by the participant," the CPC decision said.
Source: mediapool.bg (11.11.2021)