AES flags up to $325 million impairment charge on Bulgaria power plant
Jan 16 (Reuters) - AES Corp AES.N said on Friday it will book a pre-tax impairment charge of $250 million to $325 million related to its Maritza coal-fired power plant in Bulgaria, citing uncertainty over operations after its power purchase agreement expires in May.
In a regulatory filing, the utility said the charge, to be recognized as of December 31, 2025, is primarily due to the limited future use of the asset and because the carrying value was not recoverable.
This is not expected to impact the plant's ability to fulfill its obligations or generate cash flows under the current agreement, the company added.
AES said it is negotiating for a new PPA, but no agreements have been reached.
The company had decided in the fourth quarter of 2025 not to invest in a conversion of the plant to an alternative fuel source.
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