Bulgarian TPP Strikes Coal Supply Deal with Ukrainian Oligarch's Co

Energy | August 28, 2012, Tuesday // 18:52|  views

Pictured: The Sviloza TPP in Svishtov on the Danube. Photo from erhold.bg

The Sviloza Thermal Power Plant in Bulgaria's Danube town of Svishtov has signed a coal supply contract with DTEK Trading, a company owned by Ukrainian oligarch Rinat Akhmetov.

Thus, the Sviloza TPP will be getting Ukrainian coal from DTEK Trading in 2012-2013, the Ukrainian company announced Tuesday in a statement, as cited by Gazeta.ua.

DTEK Trading said it has already delivered the first coal shipment to Sviloza, and that by the end of 2012 it will supply over 180 000 metric tons of coal to the Bulgarian plant.

DTEK Trading supplies Ukrainian coal to TPPs and industrial plants in Ukraine, Turkey, Poland, Romania, and Bulgaria.

It is the largest private vertically integrated energy company in Ukraine, and is a part of Rinat Akhmetov's System Capital Management, which has the majority shares in over 100 industrial plants, mines, energy companies, telecoms, banks, insurance companies, media, and property firms.

Rinat Akhmetov is Ukraine's richest person, with an estimated wealth of USD 18.7 B.

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Tags: coal, TPP, thermal power plant, Sviloza Jsc, TPP Sviloza, Ukraine, DTEK Trading, System Capital Management, Rinat Akhmetov, oligarch, billionaire, tycoon, coal supply


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