Yettel and CETIN Bulgaria Sign 10 Year Deal for Renewable Energy Supply with Elektrohold

Representational image. Credit: Canva

Yettel Bulgaria and CETIN Bulgaria, part of the PPF Telecom Group, have signed a 10-year contract with Elektrohold for the supply of electricity from renewable sources.


The main source of power will be a 123 MW photovoltaic plant that is set to be completed in the spring of 2023.

The deal is part of the PPF Telecom Group’s commitment to reducing greenhouse gas emissions in line with the Science Based Targets Initiative.


The group is preparing a comprehensive program for achieving its goals, and this agreement is the first major step in the decarbonization plan.


The CEO of Yettel Bulgaria, Jason King, said that the agreement is a significant part of the company’s ESG strategy, which aims to create a completely green network powered by renewable sources.

The CEO of CETIN Bulgaria, Petar Mudrinich, called the agreement a landmark deal and an important milestone in the partnership with Electrohold.

The CEO of Elektrohold Bulgaria, Karel Kral, said that the contract will guarantee stable and predictable income for investors and creditors, as well as a competitive price and fixed electricity costs for the customer.

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Atanas Dimov, the executive director of Electrohold Trade, added that the contract is part of the company’s strategy for developing renewable energy production management and catering to corporate and industrial customers who want to be green, independent of the volatility of fuel prices, and responsible to nature and society.

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