News

From Bulgaria
16.10.2013 13:02

New State-Owned Company to Monitor Bulgaria’s Electricity Grid Loads

A new state-owned company with rather obscure tasks has been entitled to “measure the electricity system loads and excess energy in Bulgaria”. According to Capital daily, which cites the Commercial Register of Bulgaria, the new entity
09.10.2013 15:17

South Stream in Bulgaria Runs Five Months Late, Deputy Energy Minister Informs

The work on South Stream has been delayed with five-six months due to talks on the financial model of the project, Bulgaria’s deputy energy minister Ivan Aiolov stated during a forum on Oct. 8. “Bulgaria is defending its interest. Nevertheless
08.10.2013 16:33

Bulgaria's National Electricity Company Cancelled Belene NPP Contract with WorleyParsons

Bulgaria’s state-owned National Electricity Company (NEK) announced on its website that it cancelled its contract with WorleyParsonsNuclearServices EAD for construction supervision of the Belene nuclear station site. The news was published
08.10.2013 14:22

Proposed 30% Levy on PV Energy Will Kill the Sector, Producers Argue

A 30-percent tax on photovoltaic energy producers’ profits was proposed on Sept. 26 by the state-owned Bulgarian Energy Holding EAD (BEH). In an official letter to the Parliament Chairman Mihail Mikov, parliamentary energy commission’s
03.10.2013 17:48

Planned New Nuclear Unit in Kozloduy Gets Positive Environmental Impact Assessment

Kozloduy NPP – New Build EAD, the state-controlled project company entitled to work on new nuclear units in Bulgaria, announced that on October 2, the planned new unit at the site of Bulgaria’s sole NPP at Kozloduy has received positive
02.10.2013 17:25

South Stream Construction in Bulgaria Set for End-2013, Despite Delays

There are still strong chances that the first sod of the Bulgarian section of South Stream gas pipeline will take place by the end of the year, despite setbacks, Bulgarian energy minister Dragomir Stoinev told journalists after meeting his Serbian
01.10.2013 11:05

Gorna Arda Hydro Stakeholders Dismiss Rumours of Selling Shares

 EVN AG is not experiencing any setbacks with financing Gorna Arda hydro power project and neither EVN, nor the National Electricity Company (NEK), have been notified about a possible third-party investor that might be willing to join the project.   This
27.09.2013 16:04

President Plevneliev: Bulgaria to Cut in Half Russian Gas Imports

Bulgaria plans to decrease natural gas imports from Russia to 50 percent of its annual consumption within five years to ensure energy disputes do not hold back economic growth, President Rosen Plevneliev told Bloomberg in an interview in New York.   Bulgaria
27.09.2013 15:39

Bulgarian Photovoltaic Association Announced New Chairperson

On Sept. 24 the Bulgarian Photovoltaic Association (BPWA) announced its new chairperson Meglena Rusenova. Nikola Gazdov, chairman until recently, remains member of BPVA’s board responsible for the association’s international operations.   About
25.09.2013 12:14

RiskEngineering Director Interrogated in Belene Nuclear Station Investigation

Bogomil Manchev, director of engineering company Risk Engineering and Bulatom president, is currently being interrogated as part of the Belen nuclear station investigation, Bulgarian media reported.   Manchev, along with Sabin Sabinov, manager
24.09.2013 15:13

National Audit Office Warns About "Insufficient Independence" of Bulgarian Energy Regulator

The perception that the State Energy and Water Regulatory Commission (SEWRC) lacks independence is rather subjective, Angela Toneva, head of the energy watchdog said today. Her comment is the response to a report released last week by the National
20.09.2013 11:38

Bulgaria Sealed a Deal with Shah Deniz for 1 Bn. Cub. Meters of Gas per Year as of 2019

Bulgarian state-owned gas company Bulgargaz EAD announced that on Sept. 19 it signed a contract with BP-led Shah Deniz consortium for the delivery of 1 bn. cub. m of gas per year over a period of 25 years from the second phase of the Shah Deniz Caspian
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20.03.2022  Teodor Bobochikov, Managing Partner, V-Ridium
Energy Transformation – Trends and drivers
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