March 6 (SeeNews) - Bulgaria's thermal power plant (TPP) Maritsa 3 [BUL:MR3] said its consolidated net loss widened to some 72 million levs ($39.04 million/36.81 million euro) last year from 16.8 million levs in 2021.
The company's revenue increased to 33.5 million levs in 2022 from 21.7 million levs a year earlier, TPP Maritsa 3 said in an annual financial statement last week.
Operating expenses surged to 105.4 million levs in the review period from 40.4 million levs in 2021, largely due to higher costs for materials and other economic expenses.
As a result of the war in Ukraine, prices of energy and raw materials rose sharply, adding to inflationary pressures stemming from supply chain disruptions and the recovery from the Covid-19 pandemic, TPP Maritsa 3 said. The company added that it faces a risk of disruption in the supply of natural gas, which is the main ignition fuel it uses to generate electricity. It also noted that it is unable to provide a reliable assessment on the war's impact on its future financial position.
The 120-MW TPP Maritsa 3 is located in the town of Dimitrovgrad, in southern Bulgaria.
Shares in TPP Maritsa 3 last traded at 134.628 levs on the Bulgarian Stock Exchange, bourse data show.
(1 euro = 1.95583 levs)