Djingov, Gouginski, Kyutchukov & Velichkov has advised ContourGlobal Maritsa East 3 AD on a EUR 78.6 million contract to purchase greenhouse gas emission allowances from the Germany-based Statkraft Markets GmbH. The contract was signed under a public procurement procedure.
ContourGlobal Maritsa East 3 AD is a Bulgarian unit of the US power producer ContourGlobal, which operates thermal power plant Maritsa East 3.
Statkraft Markets trades and vends electricity, fuels, and CO2 to distributors, other traders, industrial consumers and power producers. The company is a centralized trading hub for Germany, Austria, France, Switzerland, and the Netherlands.
DGKV’s team was led by Partner Milan Pandev and included Senior Associate Yassen Spassov and Associate Kamen Gogov.
Image source: contourglobal.com