Maritsa Iztok-2 is the largest thermal power plant in the Balkans. It is located from Stara Zagora in the vicinity of the village of Radetski and the dam lake Ovcharitsa. The construction of Maritsa Iztok-2 started on 7 May 1962; it was inaugurated on 10 November 1966. Between 1979 and 1995 the power station was expanded by four additional units. 1977 and 1980 two new tall chimneys were built. Maritsa Iztok-2 has a total installed capacity of 1,465 MW and generates 30% of Bulgaria's electricity. It consists of eight generating units, two of which are equipped with flue gas desulphurization plants. The rehabilitation of the older power units, including construction of FGD plants for units 1 to 6, are in progress.