AES Bulgaria announced on Friday that it must initiate a controlled and safe shutdown of the plant and transition it into a conservation mode. This decision stems from the expiration of the long-term power purchase agreement between TPP AES Galabovo and the National Electricity Company (NEK). The company stated that this measure is necessary to safeguard the plant’s assets and maintain potential for future operations.
The statement addressed reports of mass layoffs at the Galabovo power facility, noting that future employment will be contingent upon the facility’s evolving operational status. AES Bulgaria emphasized its commitment to transparency with its staff throughout the conservation process, ensuring respectful treatment for affected employees. Furthermore, AES Bulgaria confirmed that it has notified Mini Maritsa-East, as the contract for lignite coal supply for electricity generation is set to expire concurrently.
The company indicated it is engaged in continuous dialogue with Bulgarian authorities and key stakeholders. The objective of these discussions is to explore development opportunities that could enable the AES Galabovo Thermal Power Plant to continue contributing to Bulgaria’s energy security and grid reliability. AES also clarified that these changes do not impact the Saint Nikola Wind Farm in Kavarna, which remains part of the investor’s portfolio.
Topics: #aes #plant #galabovo
