May 27 (SeeNews) - Bulgaria's thermal power plant (TPP) Varna has taken out a 22 million levs ($12.4 million/11.2 million euro) loan from local D Commerce Bank, commercial register data shows.
The loan carries an annual interest of 3.75%, documents entered into the commercial register last week show.
The one-year loan is due on February 25, 2021.
Last month, TPP Varna said that it has ranked first an 11.5 million levs offer from local Dietsmann Energoremont Holding in a tender for a contract for repairs of the plant's units 4, 5 and 6. The deal envisages repairs of furnace, turbine and other equipment in the three units.
TPP Varna has six units of 210 MW each, of which only three are operational.
In 2018, Czech energy group CEZ sold TPP Varna to Bulgarian company Sigda, which was then owned by the children of former transport minister Danail Papazov. Subsequently, Ahmed Dogan, founder of Bulgaria's Movement for Rights and Freedoms (DPS) party, acquired a 70% stake in Sigda.
(1 euro = 1.95583 levs)
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