ContourGlobal Maritsa East 3 will continue to support the Country in the Transition to a Carbon neutral Future

The company signed a Memorandum of Understanding with the Ministry of Energy to explore opportunities for investment in new technologies

ContourGlobal Maritsa East 3 and the Ministry of Energy of Bulgaria signed a non-binding Memorandum of Understanding to explore investments in the Bulgarian power sector. The memorandum was signed by the Minister of Energy Alexander Nikolov and the Executive Director of ContourGlobal Maritsa East 3 Krassimir Nenov.

The company, which owns and operates the second largest lignite-fired power plant in Bulgaria and is one of the key long-term investors in the country, is committed to supporting the Bulgarian power sector with expertise, experience, technical capabilities and capital to develop new generation technologies.

ContourGlobal will explore opportunities for investment in renewable energy sources, battery energy storage systems (BESS), carbon capture and storage (CCS), cogeneration facilities and co-firing of alternative fuels aimed at achieving the European Union's climate goals.

"ContourGlobal has extensive experience in the design, construction and operation of energy projects - the company manages assets with over 6,300 megawatts of installed capacity in 20 countries. Our global team applies leading engineering and management practices in the use of conventional and innovative technologies at 138 plants on 4 continents. This is how ContourGlobal fulfills its mission - to develop, acquire and operate electricity generation businesses worldwide,providing reliable and affordable electricity for businesses and communities and stimulating economic growth and social well-being in the areas where we operate", commented Quinto Di Ferdinando, COO Thermal Division of ContourGlobal.

"With...