CEZ Offers Settlement to Bulgaria's Energy Company
Power distributor CEZ has proposed a settlement to the Bulgarian National Electricity Company (NEK), officials from the state-owned utility announced Monday. On Tuesday CEZ sent a letter to NEK saying it was ready to engage in a dialogue over its debts to NEK.
If such negotiations occur, NEK is ready to provide "about BGN 38 M [EUR 19 M]" (out of BGN 75 M) of its liabilities to NEK, Dnevnik.bg has reported.
According to the website Investor.bg, which cites CEZ representatives, negotiations are already taking place, but officials from the company have declined to enter into details.
Bulgaria's state watchdog DKEVR decided to give power distributors some more - until April 28 - time so that they could get to know "new evidence" suggesting the amount of debt to NEK.
On its Monday session, DKEVR was to say whether it would suspend permits of three power distributors operating in Bulgaria over their failure to pay a total of BGN 350 M to the electricity company, but put off the decision.
- » Bulgarian Energy Commission Postpones Price Increase Decision
- » Westinghouse-led Group Wins EU Funding to Diversify Nuclear Fuel Supply to VVER Reactors
- » Bulgaria to Rely on Azerbaijan for Achieving Greater Energy Diversification – President
- » Bulgaria-Greece Gas Link Has Potential to Break Russian Monopoly – FM
- » Russia Does U-Turn on Ukraine Gas Transit
- » Delaying Power Price Hike Harmful - Bulgaria Energy Min