News

From Bulgaria
28.04.2016 11:52

AES Galabovo TPP Decreased Its Capacity Price as Settled with NEK

TPP AES Galabovo announced that it has decreased its tariff, as agreed upon in the amendment to TPP AES Galabovo’s Power Purchase Agreement (PPA) with the state-run National Electricity Company (NEK) signed in 2015. The new capacity price reduction
27.04.2016 16:57

Bulgarian State-Owned Energy Companies Report Positive Results

The state-run Bulgarian Energy Holding (BEH) has achieved consolidated earnings of nearly BGN 30 m (about EUR 15 m) for 2015. This was reported as a stable improvement by the Bulgarian Ministry of Energy. Energy minister Temenuzhka Petkova said that
27.04.2016 15:23

EC Approved EUR 368 m Funding for New Sofia Metro Line

An investment of over EUR 368 million from the European Regional Development Fund was approved today by the European Commission to support the construction of the line 3 of the Sofia metro. The project "Extension of the Sofia metro, Line 3,
25.04.2016 11:08

Bulgarian Energy Holding Obtained EUR 650 M Loan from J.P. Morgan Securities-Led Consortium

After nearly five months of negotiations, the state-run Bulgarian Energy Holding (BEH) managed to obtain a EUR 650 m-loan to cover some of its debts to energy companies, Capital Daily wrote. The bridge financing will be provided by a J.P. Morgan
22.04.2016 17:02

Bulgartransgaz Plans Further Modernisation of Newly Opened Compressor Stations

Bulgaria state-run gas transmission grid operator Bulgargaz has launched on April 13 a tender procedure for establishing the need of further rehabilitating the recently unveiled Lozenets and Ihtiman gas compressor stations, as well as the Petrich
21.04.2016 15:23

Bulgarian Green Building Council Announced New Chairperson

The Bulgarian Green Building Council (BGBC) announced changes to its team. After five years in the board of BGBC and participating as a consultant in its creation, Arch. Vesela Valtcheva-McGee was voted the new chairperson of the BGBC. She succeeds
21.04.2016 15:05

Loan Interest of Bulgarian NEK to Be Compensated Via Electricity Prices (Regulator)

The expenses that the state-run National Electricity Company (NEK) will incur due to the upcoming borrowing of EUR 650 m through a bond emission should be calculated in the price of electricity, Bulgarian Energy and Water Regulatory Commission (EWRC)
21.04.2016 11:07

IAEA Mission Sees Improved Nuclear and Radiation Safety Regulation in Bulgaria

An International Atomic Energy Agency (IAEA) team of experts said Bulgaria’s nuclear safety regulatory system has improved significantly in recent years, but added that the regulatory body’s high staff turnover remained a concern. The
19.04.2016 17:29

Total E&P Bulgaria Starts Oil, Gas Exploration in Bulgarian Offshore Block

Total E&P Bulgaria, together with its partners OMV Offshore Bulgaria and Repsol Bulgaria, launched today the exploration drilling in the Bulgarian offshore Block Han Asparuh in the Black Sea. Total unveiled on Tuesday the drillship it will be
15.04.2016 12:37

Bulgarian Energy Holding Posts Positive Financial Result in 2015

All subsidiaries of the state-run Bulgarian Energy Holding (BEH), except the Maritsa East 2 TPP and public supplier the National Electricity Company (NEK), ended 2015 with a positive financial result, Bulgarian energy minister Temenuzhka Petkova
14.04.2016 16:22

CEZ Invests Over BGN 2 M in Vratsa Region in 2015

Last year electricity distribution company CEZ Distribution which operates in Northwestern Bulgaria has invested more than BGN 2 m (about EUR 1 m) in the Vratsa region alone, Petr Holadkovsky, CEO of CEZ Distribution Bulgaria AD said during a meeting
14.04.2016 13:10

Bulgarian Telecom Vivacom Reports 5% Increase in Income

Bulgarian telecom operator Vivacom reported an income increase with 5 per cent in 2015, reaching a total of BGN 848 m (about EUR 848) for 2015. It includes the results from its subsidiary – transmission company NURTS Bulgaria. Vivacom has
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20.03.2022  Teodor Bobochikov, Managing Partner, V-Ridium
Energy Transformation – Trends and drivers
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