The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.


All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.
Banking

Slovenske Elektrarne offers EUR 85mn for Ruse power plant.

Slovenske Elektrarne offers EUR 85mn for Ruse power plant. Holding Slovenske Elektrarne submitted the best price offer of EUR 85.1mn for the full stake in the heating and thermo-power plant in the country's fifth largest city of Ruse . The price is a major evaluation criterion and the Slovenian company will be almost certainly announced as a winner in the tender. Dalkia International and E.ON offered EUR 50.05mn and EUR 29.1mn, respectively. The fourth candidate admitted to the privatisation tender, the Czech Electricity Company, did not submit a bid. The privatisation agency opened the acquisition offers on Nov 17 after a two-week extension of the initial deadline. It plans to sign a draft sale contract by the end of the year and to finalise the share transfer shortly after, following approvals by the supervisory board of the agency and the antitrust watchdog. The total electricity production capacity of the coal- and gas-fired units is 400MW but only a small part of some 54MW is effectively utilised due to environmental considerations and high operational costs dependant on imports of black coal. Most of the equipment is installed in the period of 1964 to 1971 and is incompatible with today's efficiency and environment standards.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree