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07.02.2017 15:30
Dep.-Energy Minister Becomes Board Member of Bulgaria’s National Electricity Company
Delisivkov’s appointment was announced on Tuesday by its parent-structure Bulgarian Energy Holding (BEH), along with two more changes at other BEH subsidiaries
AUTHOR: publics.bg

  • Konstantin Delisivkov, BFIEC CEO, named interim energy minister
    © Kristiyan Blagoev, publics.bg

Konstantin Delisivkov, deputy-minister of energy in the interim government of Ognyan Gerdzhikov, will replace Hristo Georgiev at the board of directors of Bulgaria’s power incumbent National Electricity Company (NEK).

Delisivkov’s appointment was announced on Tuesday by its parent-structure Bulgarian Energy Holding (BEH), along with two more changes at other BEH subsidiaries.

Petyo Ivanov, CEO of the holding, will replace Jacklen Cohen at the board of directors of Kozloduy NPP.
Furthermore Nikolay Pavlov, currently acting as interim energy minister, will be replaced by Stoyan Yanchev at the board of directors of gas incumbent Bulgargaz.

The changes are meant to ameliorate the management of the companies in order to achieve financial stability.

Although NEK has seen some improvement in its financial state, in December the government of Boyko Borisov approved EUR 601.6 million state-aid earmarked to secure the payments of the power incumbent, related to the Belene NPP arbitration case with Russia’s Atomstroyexport. In December Standard & Poor's Ratings Services (S&P) confirmed its 'B' long-term corporate credit rating on NEK, reflecting on the utility's financial dependence on regulatory decisions.


TAGS: Bulgaria | Bulgarian Energy Holding | National Electricity Company | NEK | Bulgargaz | BEH | Konstantin Delisivkov 


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