ESM to Invest €8 Million in “Aleksandropolis” Project Restructuring
The European Stability Mechanism (ESM) will allocate approximately €8 million to restructure the “Aleksandropolis” project. This follows a decision by the company’s Management Board to formalize an agreement with “Gastrejd,” the operator of the Alexandropolis liquid gas terminal. According to Lazo Uzonchev, the General Director of the company, this club agreement marks the conclusion of a previously inefficient process for securing purchasing capacity.
The company, a state-owned enterprise, has been unable to fully utilize this capacity, directly impacting its production of electric energy. Uzonchev stated that the agreement resulted from “intense negotiations and a strong argumentation” by the Management Board. He emphasized that the restructuring will resolve a longstanding issue, allowing the company to effectively utilize previously untapped purchasing capabilities and positively influence its energy production.
The announcement was made on June 12, 2026, at 10:49 AM. The investment represents a key step in optimizing the “Aleksandropolis” project and addressing operational challenges within the state-owned energy sector. —
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Topics: #euros #restructuring #project
