Support The Moscow Times!

Mechel Buys Power Station

Coal and steel producer Mechel bought Toplofikatsia Rousse, a coal-fired power station in Bulgaria, helping to secure sales of the fuel, according to an announcement Tuesday.

Mechel paid 52 million euros ($70 million) to boost its stake in the plant to 100 percent from 49 percent previously, the seller, Slovenia’s HSE, said on its web site.

Consolidation of the plant was a strategic move for Mechel because it is “among the three largest foreign customers of Mechel’s steam coal,” said Dmitry Smolin, an analyst at UralSib Capital. The acquisition will add about 70 percent to the installed capacity of Mechel’s power unit, according to UralSib. 


… we have a small favor to ask.

As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just 2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.


Read more