News

From Bulgaria
23.02.2017 15:46

Maros Sefcovic Gives Recognition to Bulgaria for Work Done on the IGB Gas Interconnector

European Commission VP Maros Sefcovic has thanked Bulgaria for the work it had done for the construction of the Greece-Bulgaria gas interconnector (IGB), the Bulgarian Ministry of Energy said today in a press release. Bulgaria has also received
22.02.2017 15:55

Azerbaijan Confirmed Engagement to Deliver 1 bn cub. m of Gas

Azerbaijan’s energy minister Natig Aliyev has confirmed to the Bulgarian interim energy minister Nikolay Pavlov Baku’s engagement to deliver 1 bn. cub. m of natural gas per year to Bulgaria. The announcement was made by the Bulgarian
22.02.2017 10:04

Bulgaria: Electricity Production Grew 3.47% Since the Start of 2017

The gross electricity production in Nulgaria grew with 3.47 per cent since the start of 2017, until February 19, data from Bulgaria’s Electricity System operator (ESO) suggests, hitting a total of 7,466,737 MWh. This marks a 12.39% y/y growth,
21.02.2017 10:50

Bulgargaz Defends 32.44% Gas Price Hike Request

Bulgaria’s gas incumbent Bulgargaz said that its request for a 32.44 per cent price hike for natural gas in Q2 is well grounded and complies with the pricing regulations. In a press release to Bulgarian media, Bulgargaz stressed that 99.1
17.02.2017 14:39

WB Recommends State-Aid and 5% Higher RES Tax by 2019 for Bulgaria

The Bulgarian energy sector is facing considerable financial strains during the last several years, a resume of the World Bank report on the financial stabilisation and market reform of the sector says. The resume was published on Friday in Bulgarian
15.02.2017 17:08

Bulgartransgaz Will Hold Yearly Firm Capacity Products Allocation Procedure on March 6

Bulgartransgaz EAD will hold a yearly firm capacity products allocation procedure for gas year 2017-2018 on the Reginal Booking Platform (RBP) in line with ENTSOG standard auction calendar on 06.03.2017, 10.00 am local time (07.00 UTC summer time;
14.02.2017 18:10

Bulgarian Energy Exchange to Start Intraday Trading in January 2018

The intraday segment of the Independent Bulgarian Energy Exchange (IBEX) is expected to be operational in January 2018, Nikola Gabrovski, project manager at IBEX said during the closing conference on the “Implementation of European power market
14.02.2017 15:20

Drilling of Tunnel for Sofia’s Third Metro Line to Start within Two Weeks

Drilling of the tunnel for Sofia’s third metro line will start within two weeks, Evgeni Krusev, deputy-mayor responsible for transport in Bulgaria’s capital, said during the Days of Vienna in Sofia which are being held 11-14 Feb. “We
14.02.2017 11:29

EVN, NEK Sign Agreement on Offsetting of Renewable Energy Payments

Electricity distribution company EVN Bulgaria Distribution and Bulgaria’s power incumbent NEK have signed an agreement to settle mutual debts via offsetting, EVN announced late on Monday. The offset amounts were not precised. The press release
13.02.2017 16:32

Bulgarian Ministry Is Analysing Road Tunnel Safety Measures after Fatal Accident

Bulgarian Ministry of Regional Development and Public Works is expecting the results of a risk analysis of road tunnels that should come up with short- and mid-term solutions for improving their safety. The analysis will run until February 15, regional
13.02.2017 09:37

GERB Electoral Program: Capital Increase of State-Run Energy Companies trough Stock Exchange

One of Bulgaria’s leading political formations – GERB which got through two mandates with leader Boyko Borisov acting as PM until recently, said it would aim at raising the capital of some state-run energy companies by 20 per cent through
10.02.2017 14:56

Bulgarian Transport Minister Ordered Inspections of All Railway Carriers

Bulgarian interim transport minister has ordered to the Executive Agency “Railway Administration” to carry out swift inspections of all railway carriers. The inspection was ordered after a cargo train ran off the rails at Dalgopol on
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Interview

20.03.2022  Teodor Bobochikov, Managing Partner, V-Ridium
Energy Transformation – Trends and drivers
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