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 Can Use South Stream Project Co.’s Assets in Planned Gas Hub - Energy Minister
- » Russian Black Sea Pipeline Options 'Shouldn't Be Forgotten' - BulgarianDeputy PM
- » South Stream Bulgaria 'Keeps Spending Millions' Despite Project's Demise
- » TAP 'to Supply Gas to Central, SE Europe' via Bulgaria-Greece Link
- » Bulgaria’s Anti-Trust Body Accuses CEZ Unit of Abuse of Dominant Market Position
- » Bulgaria’s Kozloduy Nuclear Plant Reconnects Unit 5 to Grid after Maintenance