For allocation of allowances for greenhouse gas emissions trading for participation of bulgaria in the european greenhouse gas emission

or new sections of operating installations, which have been places into service after the beginning of 2008,

the base emissions Bi are defined based on their verified emissions for 2008. The emissions for the new sections or sections which have not been into service are normalized through re-calculation to emissions for the entire year, using the following algorithm:

• 
  Dividing the quantity of verified emissions of the installation for 2008 into two: emissions from the old operating section Eno and emissions from the section which, due to its later placement into service or due to reconstruction has worked only part of the year - Epo:
  

VE_i,2008= Eno,i + Epo,i

• 
  Normalization of the emissions Epoi through adjustment to the normal annual duration of exploitation:
  

Eponorm,i= Epo,i*Tno,i/Tpo,i ,

where Eponorm,i is the normalized value of emissions,

Tno,i is the normal annual duration of exploitation of an installation of this type. If there is no other indicated value referential for the country, it is by default 11 months or 8 030 hrs, and for condensation electricity production capacities it is 6 500 hrs.

Tpo,i is the hours the reconstructed section of the installation has been working in 2008

Bi = Eno,i + Eponorm,i

When part of the installation has not been in operation due to the above mentioned reasons during the entire 2008, the normalization is done using the emissions of part of the installation with the same capacity and characteristics.

Installations following under this category are: ENEL TPP “MARITSA IZTOK 3” AD and TPP “MARITSA IZTOK 2” EAD.

Allowances to TPP „MARITSA IZTOK 2” EAD will not be allocated according to this rule, because of breach of the limitiations pursuant to the IPPC Permit of the Power plant (see section 9 above).

11.