After renewing its plans to dissolve a mega-structure, which groups all big state-owned energy firms, Bulgaria's center-right government has decided to bring them together in a new holding.

This was announced by Maya Hristova, Deputy Energy and Economy Minister, on Wednesday at a conference for renewable energy sources. She specified that it is still not clear which of the companies will be privatized and put on sale.

“There are options for offering majority stakes in companies, but our final plans will be known by June,” the deputy minister said.

The leading company in the new holding will be the National Electricity Transmission Company NEK.

Shortly after coming into office in July last year Bulgaria's Prime Minister Boyko Borisov announced plans to close the mega-structure Bulgarian Energy Holding, only to faile to push them through and renew them again last week.

The cabinet subjected the Bulgarian Energy Holding to financial checks to find out how the money poured into it for raising its capital has been used.

The Bulgarian Energy Holding was created in 2008 with the merger of five state-owned companies - the National Electric Company NEK, the gas monopoly Bulgargaz, the Maritza Iztok Mines, the Maritza Iztok 2 Thermal Plant, and the Kozloduy Nuclear Power Plant into a EUR 4 B energy giant.

The holding is a sole owner joint-stock company with a 100% Bulgarian state ownership.

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