Saving TPP Maritsa East 2 with BGN 2.6 billion: does the coal plant have a future?
The state-owned coal-fired power plant Maritsa East 2 has received financial support of BGN 2.6 billion in recent years to keep it running, despite its economic and environmental decline. According to Greenpeace – Bulgaria, this aid is provided through two main sources – debts to the Bulgarian Energy Holding, converted into capital, and the mandatory purchase of electricity from the plant for the regulated market.
„ Coal-fired power plants are now only able to turn a profit in times of crisis, when the whole of society – citizens and businesses alike – have to survive, “ said Meglena Antonova, director of Greenpeace Bulgaria. She added that the role of TPP Maritsa East 2 in the Bulgarian energy system is seasonal and with limited capacity, which requires immediate reforms .
Financial difficulties and decline in production
Although the plant temporarily turned a profit in 2022 due to the energy crisis, in the first three months of 2024 its profit dropped by 95% compared to the previous year. The coal-fired plant continues to operate at only ⅓ of its capacity, and purchases of its power have declined significantly since electricity prices stabilized.
Environmental challenges and lawsuits
Maritsa East 2 is not only facing financial difficulties, but also severe environmental challenges . The Supreme Administrative Court has yet to decide whether the plant can continue to operate despite exceeding the permissible limits for sulphur dioxide and mercury. The court case, brought by Greenpeace Bulgaria and the environmental association „ For the Earth “, could lead to significant changes in environmental regulations for coal-fired power plants .
“The Supreme Administrative Court decision is of key importance for the future of coal power in Bulgaria, as there is already a ruling by the European Court of Justice that TPP cannot violate air quality standards, ” Antonova said.
BOETC organizes protest, demands resignations of Minister Atanas Ilkov and Prime Minister Dimitar Glavchev
