Bulgaria will auction its Bobov Dol thermal power plant in three months, after two previous failed attempts to sell the outdated generator to a strategic investor, the privatisation agency said on Thursday.

Opening bid for the 420-megawatt, coal-fired plant in western Bulgaria is set at 100 million levs ($79.74 million), rising in 500,000 levs increments, the agency said in a statement.

Posted: 03|13|08 at 4:06 pm. Filed under: Auction News.