Bulgaria’s Power Distribution North, a unit of Czech power utility Energo-Pro, said on Wednesday that it has signed a 6.76 million levs ($4.3 million/3.5 million euro) property insurance contract with local company Generali Insurance.

The deal was signed on December 18 as Generali Insurance submitted the sole bid in a tender for the contract, Power Distribution North said in a notice to the public procurement agency.

Power Distribution North also signed a third-party liability and employers’ liability insurance deal with UNIQA, worth slightly under 1 million levs, as well as an employment injury insurance deal with Bulstrad - Vienna Insurance Group, worth some 100,000 levs.

Power Distribution North operates 26 power substations and power lines with a total length of over 43,000 km over a territory of nearly 30,000 sq m in northeastern Bulgaria.