NEK Losses Grew 43% in 2013
The losses of Bulgaria's National Electricity Company (NEK) increased by 43% in 2013, shows its financial audit, published in the Commercial Registry.
They amounted to BGN 142.2 M, while in 2012 they were BGN 99.4 M.
The debts of NEK to various electricity producers doubled to BGN 600 M. The NEK receivables have also almost doubled from BGN 252 M in 2012 to BGN 517 M in 2013.
According to the report, those are mostly sums, which NEK claims are owed by the EDC's, but the EDC's don't recognise.
The NEK debt to the Bulgarian Electricity Holding increased by 70% to BGN 723 M.
The total NEK debts as of end of 2013 amount to BGN 2.711 B, by BGN 500 M more than in 2012.
- » US Energy Envoy: New Gas Projects ‘Are Little More Than Distractions’
- » US-EU Energy Council Backs Bulgaria-Greece Gas Link
- » Gazprom Puts Forward New South Stream Route
- » Bulgaria's NEK Repays EUR 309 M Debt to Local Unit of U.S.-based AES Corp
- » Bulgaria’s BEH Signs EUR 535 M Loan Deal to Repay Debt to Units of AES, ContourGlobal
- » Competition Regulator Carries out Inspection at OMV Bulgaria