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From Bulgaria
01.09.2014 10:47

CEZ, Bulgarian Energy Holding to Negotiate Varna TPP Life Extension

The managements of Czech energy company CEZ, a.s. and the state0owned Bulgarian Energy Holding (BEH) have signed a memorandum of cooperation looking for technical and economic means to extend the life of Varna TPP. CEZ which owns the power station
25.08.2014 11:42

Bulgarian Energy Holding Lends BGN 1.5 Bn to Subsidiaries in H1

The state-owned Bulgarian Energy Holding (BEH) which encompasses the country’s power transmission network operator, one of the biggest coal power stations and Kozloduy NPP among other major energy companies, lent to its subsidiaries nearly
22.08.2014 17:57

Bulgaria-Turkey Gas Interconnector Should Allow Two-Way Flow (Minister)

The planned gas interconnector between Bulgaria and Turkey should be regarded as a “two-way connection which should allow for gas transport from Turkey to Bulgaria and vice-versa”, newly appointed Bulgarian deputy minister of economy
20.08.2014 17:33

Bulgarian Energy Holding Raises Capital of Several of Its Subsidiaries

The Bulgarian Energy Holding (BEH) has voted the raise of capital of two of its subsidiaries – Kozloduy NPP and Maritsa East 2 TPP, while reducing the capital of gas company Bulgargaz and optic communications supplier Bulgartel.  Much
19.08.2014 16:05

Energy Minister Prompts Investigation of South Stream Bulgaria Actions

Bulgaria’s Ministry of Economy and Energy announced today it will hand over to the prosecutor’s office the case of South Stream Bulgaria’s share capital increase actions. Despite an order from interim economy and energy minister
19.08.2014 15:13

Bulgaria Gives Go-Ahead to Planned Motorway to Serbia

The expert council at the Bulgarian Ministry of Regional Development presided by deputy-minister Angel Petrov has given green light to the planned construction of a motorway to Serbia. It will be based on the existing Kalotina – Sofia ring
19.08.2014 10:42

Minister Orders South Stream Bulgaria to Stop Share Capital Increase Actions

Bulgaria’s minister of economy and energy Vasil Shtonov has ordered the Bulgarian Energy Holding (BEH) to suspend all actions on South Stream gas pipeline until “the project becomes compliant with the legal requirements of the Euorpean
18.08.2014 13:46

Energy Ministry Starts Renegotiation of Thermal Station PPAs and RES Subsidies

Bulgaria’s Ministry of Economy and Energy is about to start active talks with representatives of the renewable energy industry and the management of the two so called “American TPPs” – AES-3C Maritsa East 1 and ContourGlobal
15.08.2014 16:20

Decision on Bulgaria, Westinghouse Nuclear Deal Postponed

Bulgaria’s caretaker government will not take any further actions for moving forward the deal for the construction of a new unit at Kozloduy nuclear station with U.S. company Westinghouse, leaving the crucial decision to be taken after the
14.08.2014 14:40

Lukoil Bulgaria Manager Named Deputy Energy Minister

Lukoil Bulgaria EOOD manager was named deputy to economy and energy minister Vasil Shtonov. According to a press release from the Council of Ministers, Anton Pavlov, chief energy engineer of Lukoil Bulgaria EOOD until the current moment will fill
13.08.2014 14:44

Bulgarian Caretaker Government Sets Ground for Energy Regulator Reform

Bulgarian caretaker government which recently stepped into office is preparing amendments to the Energy Act aimed at guaranteeing the independence of the State Energy and Water Regulatory Commission (SEWRC), as well as put an end to often changes
12.08.2014 17:11

Bulgargaz Proposes 1,71-Percent Gas Price Hike as of October 1

State-owned gas supplier Bulgargaz EAD announced Tuesday that it will suggest to the State Energy and Water Regulatory Commission (SEWRC) a gas price hike of 1,71% as of October 1. The preliminary price prognosis is set at BGN 612 (about EUR 306)
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20.03.2022  Teodor Bobochikov, Managing Partner, V-Ridium
Energy Transformation – Trends and drivers
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