Bulgaria's NEK Owes BGN 100 M to Heating Utility Toplofikatsia
Sofia's heating utility Toplofikatsia must receive BGN 100 M by Bulgaria's National Electricity Company (NEK) for the energy it has produced.
Toplofikatsia Sofia's chief executive Stoyan Tsvetanov said that NEK's liabilities, if paid, will help the company to get rid of its own debts amounting to BGN 628 M, the website Money.bg reports.
This is the last of many claims to the indebted state-owned NEK, which has recently been embroiled in a dispute with power distributors operating in Bulgaria over financial obligations worth hundreds of millions of BGN.
Toplofikatsia is no less affected by ongoing political affairs, after in February the Competition Protection Commission (CPC) decided to impose a penalty on the heating utility due to alleged abuse of dominant position.
- » Bulgaria Moves to Criminalize Unauthorized Coal Mining
- » Bulgarian Watchdog Orders Market Withdrawal of 10 000 Liters of Diesel Fuel
- » Bulgarian Government to Establish Energy Security Council
- » 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