News

From Bulgaria
03.04.2014 16:27

Bulgarian Regulator Licensed State-Owned Company as Power Exchange Operator

Following public debate on March 21, Bulgaria’s State Energy and Water Regulatory Commission (SEWRC) decided during a closed meeting on March 31 to issue a 10-year license for organizing Bulgaria’s planned power exchange to Bulgarian
03.04.2014 16:10

CEZ Bulgaria Wants Greater Share of Electricity Sales Revenues Rather than Price Hike

CEZ Bulgaria has opted to request from the state regulator that it received greater portion of regulated sales proceedings, rather than request higher electricity prices as of July 1. The company argued that its role for securing reliable electricity
03.04.2014 12:11

Bulgarian Energy Minister: South Stream Should Not Be Stopped

South Stream gas pipeline project should not be stopped, Bulgarian minister of economy and energy Dragomir Stoinev said yesterday during statement before the Parliamentary energy commission. Stoinev was asked to outline Bulgaria’s position
02.04.2014 11:50

New Biogas Plant near Plovdiv with GE Technology

New biomass-to-energy plant, powered by GE’s Jenbacher gas engine technology is being built in Stroevo, near Plovdiv in Bulgaria. The 5-megawatt (MW) plant will use three of GE’s fuel-flexible, robust and high-efficiency Jenbacher engines—one
28.03.2014 16:18

Bulgarian Regulator Approved a 3% Gas Price Cut as of April 1

Bulgarian energy regulator SEWRC approved today a gas price cut of about 3 percent. State-owned gas company Bulgargaz has earlier requested that gas price be set at BGN 630/1000 cub. m, but the regulator only approved BGN 612/1000 cub. m (BGN 1=EUR
28.03.2014 12:14

Discontent among Gas Utilities Grows over Tariff Decrease Plans of Bulgarian Regulator

Bulgarian gas suppliers have stated their growing concern with the State Energy and Water Regulatory Commission’s plans to decrease the tariffs for gas distribution and supply as of April 1. In an e-mailed statement the Bulgarian Association
26.03.2014 16:12

EVN AG "Still Interested in Amicable Settlement" with Bulgaria over International Arbitration

EVN AG has invited on several occasions the Bulgarian Government to enter into negotiations in order to achieve an amicable settlement of the dispute with the Bulgarian state-owned National Electricity Company, a statement by the Austrian company
26.03.2014 15:34

Bulgarian Regulator Threatens to Cancel the Licenses of CEZ, EVN and Energo-Pro

A dispute, which has been gradually growing bigger since 2013, between the state-owned National Electricity Company (NEK) and Bulgaria’s three regional electricity distribution companies managed by CEZ, EVN and Energo-Pro over mutual debt is
26.03.2014 15:01

Bulgaria’s NEK to Set up Electricity Export Joint-Ventures with Romania and Serbia

As part of its rehabilitation programme, Bulgarian state-owned National Electricity Company (NEK) will establish joint-ventures with Serbian and Romanian counterparts for electricity exports from Bulgaria, Standartnews reported. The news, announced
26.03.2014 14:58

The World Bank to Consult Bulgaria on Forging a Water Sector Strategy

Bulgaria’s government announced on Thursday it has approved the draft of an agreement for consultancy services being provided by the European Bank for Reconstruction and Development (the World Bank) to the Bulgarian Ministry of Regional Development.
18.03.2014 22:06

Bulgarian Photovoltaic Association Pleas for the Creation of an Energy Board

The Bulgarian Photovoltaic Association (BPVA) released a statement, launching the idea of an energy board with the support of reputed international institutions, “such as the European Commission, the World Bank, the European Investment Bank
14.03.2014 12:39

Bulgarian Government Tags BGN 1.5 Bn without VAT for Hemus Motorway

The Bulgarian Ministry of Regional Development proposed a route for the completion of Hemus motorway which is to link the capital city Sofia with Varna via Northern Bulgaria. Minister Desislava Terzieva announced that the government has set aside
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20.03.2022  Teodor Bobochikov, Managing Partner, V-Ridium
Energy Transformation – Trends and drivers
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