News

From Bulgaria
08.10.2014 11:00

Ex-Bulgargaz CEO Stands at the Helm of South Stream Bulgaria

Dimitar Gogov, ex-CEO of Bulgaria’s gas incumbent Bulgargaz, has been appointed as director of project company South Stream Bulgaria which is in charge of the construction of the South Stream pipeline in Bulgaria, capital.bg wrote. Gogov succeeds
07.10.2014 17:11

Bulgaria

Bulgaria has produced 34.4 million MWh of electricity from the beginning of 2014 until October 5 which represents a 9.61 percent increase in comparison to the same period of 2013, data from Bulgaria's Electricity System Operator (ESO) show. Meanwhile
03.10.2014 15:06

Aurubis Bulgaria to Invest EUR 75 m in Its Pirdop Production Site

Copper producer Aurubis Bulgaria foresees new investments of EUR 75 m in its Pirdop production site. According to CEO Tim Kurth, who took over from Nicolas Treand in August 2014, informed that the subsidiary of Germany’s Aurubis group has earmarked
02.10.2014 12:38

10-Percent Electricity Price Hike Confirmed with Delay by Bulgarian Regulator

Bulgaria’s State Energy and Water Regulatory Commission confirmed late yesterday with a 1-day delay the anticipated 10% price hike of regulated electricity prices. Households and small businesses supplied by CEZ will see the biggest increase
01.10.2014 15:16

Struma Motorway Construction Company Required to Present New Schedule

Greek company Aktor which is responsible for the construction of Lot 4 of Struma Motorway should present a new work schedule by Friday, October 3, or otherwise Bulgaria would not prolong the construction contract after October 15, Ekaterina Zaharieva,
01.10.2014 11:08

Bulgarian Energy Regulator Has Not yet Announced the Planned Electricity Price Hike

Bulgaria’s State Energy and Water Regulatory Commission (SEWRC) has yet to announce the new higher electricity prices which households and small businesses which get their electricity at regulated prices. Following a tumultuous discussion on
29.09.2014 15:44

TE-TO Skopje Signs Maintenance Deal with Bulgaria’s CERB

Bulgarian company “Centralna Energoremontna Baza” EAD (CERB) announced it has signed a deal to fully maintain the generators and engines in the Macedonian thermal station TE-TO Skopje. CERB said that it plans to introduce online monitoring
26.09.2014 17:44

Between 3 and 5 Years Needed to Stabilise the Bulgarian National Electricity Company

If the next government continues the power sector stabilisation measures proposed by the interim government, the financial gap at the state incumbent – the National Electricity Company (NEK) - would most likely take 3 to 5 years to be diminished.
25.09.2014 15:02

Bulgarian Energy Regulator to Approve 10% Electricity Price Hike on Sept 30

The Bulgarian State Energy and Water Regulatory Commission (SEWRC) will maintain a course towards raising the electricity prices for households. A new tariff increase of about 10 percent meant mainly to fill the growing financial gap at the state
24.09.2014 18:22

BIEE will create a platform for long-term contracts

The "Independent Bulgarian Energy Exchange" (BIEE), which was established this year within the Bulgarian Energy Holding (BEH) will work with two platforms - one for day-ahead transactions and one for long-term contracts for electricity
23.09.2014 18:58

Total to Start Oil, Gas Drilling in Bulgarian Black Sea Block in Second Half of 2015

French company Total expects to start drilling for gas and oil in the deep water block Han Asparuh off the Bulgarian Black Sea coast in the second half of 2015. The exact quantities of the supposed hydrocarbons in the block, however, are not yet
19.09.2014 11:02

Bulgarian Energy Holding Dismissed Kozloduy NPP CEO

Ivan Genov, CEO of Bulgaria’s Kozloduy NPP, has been dismissed by the Bulgarian Energy Holding (BEH). The formal reason is the decrease of the board members from five to three persons, capital.bg reported. Ivan Genov was one of the first appointments
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20.03.2022  Teodor Bobochikov, Managing Partner, V-Ridium
Energy Transformation – Trends and drivers
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