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CMS Advises Toshiba on Chaira Hydro Complex Repair and Rehabilitation Agreement

Bulgaria
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CMS has advised Toshiba International on a repair and rehabilitation agreement with the Bulgarian state-owned National Electricity Company for the pumping storage hydro power plant Chaira Unit 1.

According to CMS, PSHPP Chaira represents "infrastructure of paramount importance, part of the major Belmeken–Sestrimo–Chaira Hydropower Cascade. PSHPP Chaira has a generating capacity of 864 megawatts and a pumping capacity of 788 megawatts. Units 1 and 2 have been in operation since 1995, and at that time Chaira was the largest pumped-storage plant in Southeast Europe with the highest head in the world for a single-stage pump turbine. Units 3 and 4 came online in 1999. Toshiba Energy Systems & Solutions Corporation is the manufacturer and supplier of the equipment for Chaira PSHPP and the owner of the technical and design documentation for the project."

The CMS team included Managing Partner Kostadin Sirleshtov, Counsel Borislava Piperkova, Senior Associate Diyan Georgiev, Associate Viktoriya Dimitrova–Toneva, and Trainee Boris Kirov.

Bulgaria Knowledge Partner

Schoenherr is a leading full-service law firm providing local and international companies stellar advice that is straight to the point. With 15 offices and 4 country desks Schoenherr has a firm footprint in Central and Eastern Europe. Our lawyers are recognised leaders in their specialised areas and have a track record of getting deals done with a can-do, solution-oriented approach. Quality, flexibility, innovation and practical problem-solving in complex commercial mandates are at the core of our philosophy.

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