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NEK Losses Grew 43% in 2013

Business » ENERGY | July 18, 2014, Friday // 13:14| Views: 1035 | Comments: 0
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Bulgaria: NEK Losses Grew 43% in 2013 Photo: EPA/BGNES

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.

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Tags: NEK, debt, losses, receivables, EDC's
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