Bulgaria: Details about Biggest Power Theft in CEZ History
The Prosecutor's Office and the Interior Ministry are continuing the investigation into the large theft of electricity in the Sofia village of Herakovo.
Bulgarian institutions must get involved in the serious problem of cable theft from electric posts, according to Yan Vavera, Regional Manager for Bulgaria of the Czech-owned power utility, CEZ.
In a letter to the media, sent Monday, Vavera is cited saying Bulgarian citizens' interests are threatened and need to be protected.
A company representative is further quoted telling the press that CEZ is guarding their cables as if they were ammunition warehouses, adding electric network must be deemed strategic national facility; such theft must be seen as sabotage and a danger for the national security and sanctions should be upped to even several years of jail time
CEZ say they have to invest BGN 2.5 M in the replacement of a key eclectic cable in Sofia after it suffered serious damage during a theft attempt in May, 2009. The cable serves 6 capital districts, including hospitals, schools and the Council of Ministers.
Since the beginning of 2008 to mid-2010, losses from theft amount to over BGN 16 M, which equals the building of 355 new posts, the company points out.
The cable would be installed under the most modern technology and if it does not get cut, it could serve Sofia in the next 30 years, according to CEZ. They also say 80% of the electric power facilities in the capital are obsolete.
Vavera further states in 2005 – 2009 the company invested in western Bulgaria over BGN 370 M, but the losses do not allow for investments in developing the network because lots of funds are used for equipment replacement.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
In a bid to enhance its energy security and diversify its gas supply sources, Bulgargaz is gearing up for the first deliveries of liquefied gas through the Alexandroupolis terminal, set to commence in May
The Greek national electricity company, PPC, has announced plans to acquire 500 megawatts of photovoltaic capacity in Bulgaria
Oil prices have surged due to renewed concerns about the Middle East conflict. Brent crude futures increased by 0.32% to 90.80 USD per barrel, while American WTI crude rose by 0.3% to 86.50 USD per barrel
Bulgaria's state-owned energy company, "Bulgargaz," has suffered a significant setback, losing 27% of its market share as a result of a contract with the Turkish company "Botas"
A remarkable shift in Bulgaria's energy landscape has been unveiled in the latest report from the Commission for Energy and Water Regulation, submitted to the Bulgarian parliament
Natural gas prices in Europe experienced a significant spike, surpassing 2% to reach 29 euros per megawatt-hour (MWh) on Monday
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022