Selection of winning bids for the sale of three large thermal electricity companies (Varna EAD, Ruse EAD, and Bobov Dol EAD)
At P1R2, the winning bidder for Varna EAD and Ruse EAD was selected, although privatization has failed due to unacceptable additional demands of the bidder and ruling of the competition agency against selling both plants to the same bidder. The tender for the Bobov Dol power plant was canceled due to unsatisfactory offers.Selection of winning bidders for the Varna and Ruse electricity generation companies is structural performance criterion for June 30, 2006.  A waiver is requested since the deal of the Bobov Dol power plant was challenged and blocked in the courts.  