September 08, 2008

PPC to buy 0.8 million tonnes of coal from Maritza Iztok mines

Dnevnik daily report that Greek energy company PPC plans to buy 0.8 million tonnes of coal from Bulgaria's Maritza Iztok mines. The report quoted Mr Ivan Markov CEO of of Maritza Iztok mines as saying that the last batch will be shipped by the end of October this year.

According to Mr Markov talks on coal purchase have been ongoing for three months. PPC is interested in buying between 1 million tonnes and 2 million tonnes a year. The purchased coal will feed the company's power plants in northern Greece.

The Maritza Iztok mines have called for a 14.09% hike in the lignite coal. The hike could take place either in early April or early July 2008.