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Bulgaria: TPP Maritsa 3 narrows loss to €2.7 million in first half of 2025

Bulgarian thermal power plant Maritsa 3 reported a net loss of €2.7 million in the first half of 2025, a significant improvement compared to a €11.5 million loss during the same period in 2024.

The company’s total revenues fell to €6.65 million, down from €12.9 million in the first six months of 2024. Total expenditures also decreased substantially, reaching €9.3 million compared to €25.8 million last year.

Located in Dimitrovgrad, southern Bulgaria, TPP Maritsa 3 has a production capacity of 120 MW. Its largest shareholder is UK-based Topgroup, which holds a 49% stake.

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