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.
- » Oettinger Pledges Full Support for Bulgaria's Energy Board
- » South Stream Bulgaria Halts Commissioning Activities
- » Bulgaria's Energy Board to Start Functioning in а Week
- » South Stream Bulgaria JV Raises Capital Despite Ban
- » Bulgarian Miners Urge Caretaker PM to Lift Shale Gas Ban
- » Bulgaria Plans Pricing Talks with Green Energy Producers, Maritza East