Bulgaria's TPP Maritsa 3 narrows Q1 non-cons net loss

The company's total operating revenue plunged to some 4.2 million levs in the first three months of this year from 31.6 million levs in the like period of 2023, TPP Maritsa 3 said in an interim financial statement. Product sales generated roughly 3.8 million levs, down 82% year-on-year.

The coal-fired power plant cut its total expenses to 5.5 million levs in the review period from 40.1 million levs in January-March last year. Costs for materials dropped to 2.7 million levs from 25.2 million levs, while expenses for hired services, amortisations, remuneration and interest also shrank significantly.

The plant, which has one functioning 120-MW unit, 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's BaSE market, bourse data show.

(1 euro=1.95583 levs)