September 17 (SeeNews) - Bulgarian engineering company Dietsmann Energoremont Holding has signed an 816,300 levs ($487,400/417,400 euro) contract with thermal power plant (TPP) Varna for the repair of turbine equipment of Unit 4, the plant's operator said.
The contract was signed on August 16, TPP Varna said in a notice on Friday.
Up to 76% of the envisaged activities can be carried out by subcontractors, according to the notice.
Dietsmann Energoremont Holding submitted the only offer in the public procurement procedure for awarding the contract.
Dietsmann Energoremont Holding was acquired by Dutch-based maintenance and engineering services provider Dietsmann last year. Dietsmann subsequently squeezed out minority shareholders and delisted the company from the Bulgarian Stock Exchange.
Earlier this month, Ahmed Dogan, leader of Bulgaria's Movement for Rights and Freedoms (DPS) party, acquired a 70% stake in logistics company Sigda, which owns TPP Varna. Sigda bought TPP Varna from Czech energy group CEZ Group earlier this year.
In September last year, three of Varna TPP's six units were decommissioned, decreasing the plant's capacity to 630 MW from 1,260 MW.
In May, Varna TPP won a tender for the supply of 166 MW of power capacity for cold reserve during the period May 1 - July 31, after submitting the only offer in state-owned Electricity System Operator's tender.
In March, Varna TPP said it planned to resume electricity production by July 31, after it halted operations in 2015 due to non-compliance with environmental limits set in its permit. The company's 2018 investment strategy envisages switching electricity generation to natural gas from coal, Varna TPP said at the time.
(1 euro=1.95583 levs)