Snow-Induced Power Outages Hit 20 Villages in Smolyan
Amidst heavy snowfall in the Smolyan region, 20 villages and hamlets grapple with partial or complete power outages due to incidents caused by the severe weather conditions
Bulgaria's Privatization Agency will table to the Financial Supervision Commission (FSC) the paperwork for the sale of the government's 33% minority stake in the CEZ Bulgaria power utility within 1-2 weeks.
This has been made clear by Emil Karanikolov, head of the Bulgarian Privatization and Post-Privatization Control Agency.
Bulgaria's government is expected to list its 33% minority stake in E.ON and CEZ power distributors in April and May respectively in a bid to enliven the local stock exchange and boost revenues.
Bulgaria's government has already sold its 33% minority stake in another one of the three regional power utilities in the country, EVN.
In 2004, the Balkan country sold 67% in its three power distributors to Germany's E.ON, Austria's EVN and Czech CEZ.
E.ON serves households in North-Eastern Bulgaria, including the Black Sea city of Varna. Czech power utility CEZ supplies power to over 2 million households and companies in western Bulgaria, while EVN serves the south-eastern parts of the country.
At the beginning of December German electric energy company E.ON struck a deal to sell its Bulgarian unit E.ON Bulgaria to private Czech company Energo Pro.
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