site.bta ContourGlobal Maritsa East 3 to Invest in Carbon-Free, Low-Carbon Energy

ContourGlobal Maritsa East 3, the owner of the second largest coal-fired power station in Bulgaria, signed a Memorandum of Understanding here Wednesday, according to which the company will research investing in carbon-free and low-carbon electricity production, energy storage facilities, as well as co-incineration of alternative fuels, including refuse-derived fuel and biomass.

To support Bulgaria's green transition, the company will provide technical support for the assessment of alternative fuels, which guarantee the network stability and achieving decarbonization.

The memorandum was signed by the Energy Minister Alexander Nikolov and Krassimir Nenov, CEO of ContourGlobal Maritsa East 3. The ceremony was attended by Quinto Di Ferdinando, the Chief Operating Officer of the Thermal Division at ContourGlobal.

The document will be in force until the end of 2025. It is not legally binding for the parties but any agreements that they sign subsequently in implementation of the memorandum, will be.