Interview of Krassimir Nenov, Government Director, CGME3 for Vagabond Journal, July 2019
How much did the corporate spend money on ContourGlobal Maritsa East three to date?
This investment is the first large-scale power undertaking in Bulgaria. It was the first personal power sector venture in Bulgaria, back in 2003. Over the previous 15 years with a complete investment in the plant of over EUR 700m in major refurbishment and environmental retrofit, ContourGlobal Maritsa East 3 turned the primary lignite coal-fired thermal energy plant within the Balkans, which operates in full compliance with the very best European standards for security and surroundings preservation. In response to a 2002 unbiased research, the rehabilitation undertaking was one of the best strategy to ensure the security of power provide, using local assets and to satisfy the European environmental requirements that have been a prerequisite for Bulgaria’s accession to the EU. Further upgrades have been made in 2012-2015 to deal with efficiently new stricter EU emissions norms, which came into drive in 2016. Briefly, prior to now 15 years over BGN 1.four billion have been invested to guarantee the plant’s reliable operation and to enhance measures for surroundings protection.
Because of all these large-scale investments at present ContourGlobal Maritsa East three supplies 10% of Bulgaria’s annual power manufacturing, thus contributing to the nation’s power safety and independence.
Are your investments related to the top worth for the households and the companies?
The growing liquidity on the power trade and the efficient work of the unbiased regulator assure the stability of interests for all stakeholders. Electricity prices rely to a big extent on outdoors elements reminiscent of the worth of the carbon emission allowances. The funding in the plant is being repaid over the life of the long-term off-take settlement for the facility gross sales. Thus the company assumes full duty and manages the dangers related to the plant’s operation and maintenance. I want to remind the readers that ContourGlobal Maritsa East three decreased the worth with 15% in 2016, thus contributing to the power sector reform.
What is the new mannequin within the power sector and the way do you propose to satisfy the difficulties that full market liberalisation pose?
Full liberalization of the market, as required by EU laws, is a key precedence of the Bulgarian authorities in the power sector. ContourGlobal Maritsa East three is absolutely supportive and has all the time labored in shut co-operation with all stakeholders whereas strictly observing all financial agreements, including with the National Electricity Company.
There are numerous regulatory and market flaws that forestall power markets not only in Bulgaria from recovering fastened and capital costs to producers which may impression security of supply. In addition to, the Bulgarian free market is influenced by several specific elements that additionally distort the market prices. Without further supporting mechanisms there is a tangible danger for the operation of lignite thermal power crops. This is the reason many EU member states discover a means to make sure the monetary situation of typical producers that assure the safety of supply. Such capability mechanisms have been already introduced within the UK, Germany, Italy, Poland, Belgium and Greece.
The responsible establishments clearly state that producers in the Maritsa East complicated are essential for the safety of provide and social safety within the region, and voice the need for measures for overcoming the challenges of the free market. I consider that such mechanism could be carried out in Bulgaria as nicely.
Entrance view of the ContourGlobal Maritsa East three Energy Station. Again in 2009 it was the primary absolutely refurbished power plant in SE Europe. Right now it’s instance for safety and reliable energy era.
What is the future of coal in a society that is increasingly curious about low-carbon power?
It is a vital matter for Bulgaria as it instantly affects all crops within the Maritsa East basin, which produce about 45% of the nation’s electrical energy. The coal crops of the Maritsa East complicated are crucial for the safety of supply and power independence of the nation. They considerably contribute for Bulgaria’s leading position on the Balkans as a internet exporter of power.
Apart from, Bulgaria has vital reserves of lignite coal permitting manufacturing for years on end. This have to be thought-about when planning the nation’s power future. We also have probably the most superior crops for lignite coal in the region. They’re able to provide a clean transition to low-carbon power production sooner or later. That is why I consider that in the foreseeable future the sustainable operation of the facility crops in the Maritsa East complicated can be good for the nation’s power sector and financial system.
What’s your social duty coverage in regard to the area people?
One of many crucial criteria for the effect of our programme for corporate social duty is the direct feedback from beneficiaries among the area people. This bond is of utmost significance to our workforce and we’re doing every thing potential to keep it alive and secure. Consequently, we now have developed sustainable and dependable partnerships with these communities.
Prior to now 5 years alone ContourGlobal Maritsa East 3 invested over BGN 3 million within the Stara Zagora area, realising numerous infrastructure and social tasks in Galabovo, the encompassing area and Stara Zagora itself. Since 2012, the facility plant, following a long-term agreement with Galabovo Municipality, invested over BGN 2 million to develop and efficiently realise over 10 tasks in social infrastructure and sports amenities. These embrace an overhaul of a kindergarten in Galabovo for BGN 390,000, an overhaul of the social amenities within the villages of Obruchishte, Mednikarovo and Iskritsa for BGN 500,000. Over BGN 700,000 have been invested in the renovation of Galabovo’s sports activities centre, the place for 5 years we now have supported sports games for individuals with disabilities. As well as, we invested BGN 640,000 in Ezeroto Park in Galabovo. ContourGlobal Maritsa East 3 is a serious sponsor of an emblematic occasion in Stara Zagora, the Jazz Discussion board. Underneath an inner challenge “Payroll Donation” our employees is incentivised to help social causes like scholarships for orphaned college students, help for youngsters deprived from parental care and others, as our company doubles their donations. Underneath this umbrella, we and our group have invested over BGN 250,000 in socially essential activities over the current years.
Sport complicated “Energy” was created and upgraded by ContourGlobal Maritsa East 3 in 2019 for the good thing about the younger era of Galabovo Town
ContourGlobal Maritsa East 3 also partners with many social establishments for tasks that help local communities. The company designed and built the visitors centre of the Inexperienced Balkans Rescue Middle for Wild Animals. It welcomes over three,000 guests every year. In 2018, we built together new and trendy houses for sufferers and residents of the Centre, outfitted with video know-how and every little thing wanted for successful remedy and copy of endangered species. We additionally help in different fields. ContourGlobal Maritsa East three donated a modern cryostat AST 500 to the Stara Zagora Oncology, the only hospital of this type in all four districts. We additionally donated a new incubator to the neonatology unit of the Stara Zagora hospital.
Our newest venture was the creation of a Teen Zone in Stara Zagora’s regional library. This establishment is provided with computer systems, multimedia, e-books, board video games, books and comics which are appropriate and fascinating to young visitors and has a superb internet connection. We funded completely the overhaul and the gear with about BGN 40,000 from the social challenge Power for the Library, which we developed together with the workforce of the Regional Library.
How does the Maritsa East complicated improve the lives of local individuals?
Over 20,000 skilled staff are employed in the corporations of the Maritsa East complicated. They reside in 60 municipalities within the Stara Zagora region and neighbouring regions and work around the clock to provide about 45% of the power in the nation. It’s produced totally from local assets, a key issue for Bulgaria’s power independence. Because of our work, there’s a vital useful effect in regard to jobs, tax and social security revenues. Last but not least, the companies within the complicated are strongly engaged in enhancing the life of area people by way of social tasks with excessive added value.
Care for everybody working at ContourGlobal Maritsa East three is of main importance to us. Operational excellence and concentrate on health and safety contributed to the spectacular variety of 10 million man-hours worked thus far and not using a Lost Time Incident.
ContourGlobal Maritsa East three absolutely supports the Regional Sports Games for Disabled Individuals hosted in the renovated by the corporate sports activities corridor in Galabovo. Within the fifth Video games in April 2019 took half 120 individuals.
ContourGlobal Maritsa East 3 is the second largest thermal energy plant in Bulgaria and operates totally with native assets – lignite coal from the East Maritsa Basin. After a grand overhaul, which was unique in its scale in power sector in Southeastern Europe and performed without state funding, ContourGlobal Maritsa East 3 is the first lignite coal thermal energy station in the Balkans that meets the very best European standards for workplace safety and environmental care. With its gross energy of 908 MW the plant produces 10% of power in Bulgaria.
Consequently, ContourGlobal Maritsa East 3 helps for guaranteeing the country’s power security and independence, offering competitively priced clear and dependable power from local assets and offering quality jobs for the individuals within the region.
The international power firm ContourGlobal owns 73% of the company’s shares and the Bulgarian National Electricity Firm owns the other 27%.
Krassimir Nenov, CEO of ContourGlobal Maritsa East 3, is the correct individual to talk earlier than the Vagabond Journal concerning the firm’s work and mission. He joined it in 2003 and have become its CEO in 2017.