Bulgaria's TPP Maritsa 3 pares non-cons net loss in 2023

The company's operating revenue dropped to some 25.2 million levs last year from 33.3 million levs in 2022, TPP Maritsa 3 said in a financial statement on Friday. Product sales generated 21.1 million levs, compared to 9.5 million levs a year earlier, whereas other sales slumped to 2.5 million levs from 11.7 million levs.

The coal-fired power plant narrowed its total expenses to 39.7 million levs in the review period from 107.3 million levs the prior year, mostly due to a plunge in other economic expenses, to 56,000 levs from 56.9 million levs.

The plant, which has one functioning 120-MW unit, is located in the town of Dimitrovgrad in southern Bulgaria.

In November, Maritsa 3 extended the maturity of a 4 million levs bond by five years and lowered its coupon rate.

Shares in TPP Maritsa 3 last traded at 134.628 levs on the Bulgarian Stock Exchange's BaSE market, bourse data showed.

(1 euro=1.95583 levs)