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Czech-owned power utility CEZ, which is serving Western Bulgaria, has explained that the energy watchdog should approve more investment costs to the company, instead of fining it. File photo
Czech-owned power utility CEZ, which provides electricity to Western Bulgaria, has announced that the energy watchdog did not have the right to get involved in the company’s relations with its investors.
Jan Vavera, Regional manager of CEZ Bulgaria, announced Wednesday that the company needs to get approval for BGN 130-150 M of investment costs every year in order to solve the problem with the delayed purchases of equipments, built by investors.
“For almost a year we have been presenting to DKEVR and to Prime Minister Boyko Borisov the necessity for this case to be solved. This could be done by receiving approval for a sufficient amount of investment costs. Now we see that instead of giving us approval, DKEVR is considering fining us,” Vavera said in the statement.
He also said that there was a discriminative attitude towards CEZ, which continues for a third year.
“The approved by DKEVR amount of investment costs, which is BGN 71 M a year, is completely insufficient and it does not take into consideration the construction boom in Western Bulgaria, especially in Sofia, for the period 2007-2009,” the statement said.
Vavera added that Sofia, as the country’s capital, includes all state functions, institutions, representatives of the EU and other countries, as well as one fifth of the country’s population.
He also urged the energy watchdog to urgently reconsider its position on approving “an adequate amount of investment costs.”
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