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Bulgaria's Mini Maritsa Iztok invests 25.8 mln euro in two excavators

Author Mario Tanev
Bulgaria's Mini Maritsa Iztok invests 25.8 mln euro in two excavators Author: Mini Maritsa Iztok. Licence: All rights reserved.

SOFIA (Bulgaria), November 13 (SeeNews) - Bulgarian state-owned coal mining company Mini Maritsa Iztok said that it has invested 25.8 million euro ($28.4 million) in the acquisition of two bucket wheel excavators.

Mini Maritsa Iztok will start using the new machinery as of November 14, the company said in a statement.

The purchase was partially financed by the Kozloduy International Decommissioning Support Fund (KIDSF).

The excavators were supplied by a 50-50 tie-up between Sofia-based Balgarska Energetika and Poland's Famur.

Mini Maritsa Iztok's coal mines in southern Bulgaria sell their output mainly to three thermal power plants located nearby, two of them owned by ContourGlobal and AES, respectively, and one state-owned. The two power plants owned by ContourGlobal and AES generate around 30% of Bulgaria's electricity output.

($ = 0.9082 euro)

 

 

 

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