Business » Energy

EVN Proposes Rise in Electricity Prices of 6.98%

The electricity company supplying Southeast Bulgaria EVN made a proposal for the price of the service to rise by 6.98% starting July 1 of 2015 in an official statement.

Business » Energy | February 27, 2015, Friday // 15:46 | Viewed: 910

Planned Unit 7 of Bulgaria's Kozloduy NPP to Generate USD 11 B

US-based nuclear power company Westinghouse estimated that the electricity produced by unit 7 of Bulgaria's Kozloduy NPP will cost between USD 75 and 84, if it constructs its AP1000 plant there.

Business » Energy | February 27, 2015, Friday // 12:15 | Viewed: 1131

Russia, Ukraine to Take Part in Gas Meeting with EU Next Week

Moscow and Kiev are due to attend a three-way meeting on gas issues in Brussels, the EU Commission has said.

Business » Energy | February 27, 2015, Friday // 09:21 | Viewed: 968

Bulgaria’s Parliament Approves Energy Act Amendments concerning Energy Watchdog

Bulgaria’s State Commission for Energy and Water Regulation (DKEVR) is renamed to Commission for Energy and Water Regulation (KEVR) under amendments to the Energy Act that passed second reading in Parliament on Thursday.

Business » Energy | February 26, 2015, Thursday // 17:26 | Viewed: 921

Westinghouse Optimistic about EU Energy Union

The new strategic framework for the creation of a Energy Union was deemed ''crucial'' to EU future in a Westinghouse report published Wednesday.

Business » Energy | February 25, 2015, Wednesday // 15:22 | Viewed: 1188

Bulgaria’s Chiren Gas Storage Has Enough Gas for 3 Months

Bulgaria’s Chiren underground gas storage contains enough gas to meet the country’s needs for three months with some restrictions, according to a media statement of the Energy Ministry.

Business » Energy | February 25, 2015, Wednesday // 07:43 | Viewed: 1028

Bulgarian Industrial Energy Consumers Seek 22.7% Gas Price Decrease

Industrial energy consumers call for a reduction in the price of natural gas by at least 22.7% as of April, according to an open letter of the Bulgarian Federation of Industrial Energy Consumers to the ministers of economy and energy.

Business » Energy | February 24, 2015, Tuesday // 15:06 | Viewed: 921

Gazprom Threatens to Stop Gas Supplies to Ukraine in 2 Days

Russian energy giant Gazprom warned on Tuesday that Europe was running a serious risk of losing access to the flow of gas via Ukraine in the next two days.

Business » Energy | February 24, 2015, Tuesday // 12:34 | Viewed: 1176

Bulgaria's Leftist ABV Party To Propose Referendum on Shale Gas Extraction

Deputy Chair of leftist party ABV, Rumen Petkov said Monday that a new referendum will be proposed in Dobrich regarding shale gas acquisition.

Business » Energy | February 24, 2015, Tuesday // 10:25 | Viewed: 1215

Bulgaria 'to Diversify Gas Supplies in 2 Years' - Expert

In two years Bulgaria will be able to achieve diversification, Iliyan Vasilev, a former Bulgarian ambassador to Russia and currently an energy expert, has said.

Business » Energy | February 23, 2015, Monday // 15:42 | Viewed: 1206

Bulgaria’s Energy Sector is In State of Financial Collapse - Minister

Bulgaria’s energy sector is in a state of financial collapse and in need of urgent and adequate measures, according to Minister Temenuzhka Petkova.

Business » Energy | February 22, 2015, Sunday // 13:48 | Viewed: 2038

Bulgarian Watchdog Fines Power Distributor EVN BGN 1 M

Power distributor EVN, which services southeastern Bulgaria, has been imposed a fine of BGN 1 M.

Business » Energy | February 22, 2015, Sunday // 12:13 | Viewed: 2389

ContourGlobal Seeks Safeguards for Its Investment in Bulgarian Power Plant

US-based ContourGlobal said on Friday any change in its long-term contract for electricity sales from its Bulgarian power plant Maritsa East 3 should safeguard the investments it has made.

Business » Energy | February 20, 2015, Friday // 20:24 | Viewed: 1301

Bulgaria to Renegotiate Long-Term Contracts with AES, ContourGlobal TPPs

Bulgarian Energy Minister Temenuzhka Petkova announced that the long-term contracts between the National Electricity Company (NEK) and the two thermal power plants AES Maritza East 1 and ContourGlobal Maritsa East 3 will be renegotiated.

Business » Energy | February 20, 2015, Friday // 14:01 | Viewed: 1109

Parliament Committee Passes Changes to Bulgaria's Energy Act at Second Reading

The Energy Committee with the National Assembly has approved legislative amendments under which members of the state energy watchdog will be elected by Parliament.

Business » Energy | February 20, 2015, Friday // 07:28 | Viewed: 1078

Renewables Reduced Carbon Emissions in Europe – EEA

The latest report of the European Environment Agency (EEA) shows that renewable energy sources have been an important driving force in reducing greenhouse gas emissions in Europe.

Business » Energy | February 18, 2015, Wednesday // 17:50 | Viewed: 941

EU Commission to Preview Energy Deals Signed by Member States

The European Commission (EC) plans on establishing a practice of holding mandatory pre-consultations with member states, prior to signing of energy deals with third countries.

Business » Energy | February 18, 2015, Wednesday // 16:02 | Viewed: 946

Putin Says Russia 'Could Build Bulgaria Offshoot of Turkish Stream'

Russia might direct a new pipe to Bulgaria functioning as a ramification of its planned gas pipeline to Turkey, President Vladimir Putin has hinted.

Business » Energy | February 18, 2015, Wednesday // 00:45 | Viewed: 2387

Russian Rosatom to Start Building Two Units at Hungarian NPP

The Russian nuclear power corporation Rosatom will start the construction of two units at the Hungarian nuclear power plant (NPP) Paks in the spring.

Business » Energy | February 17, 2015, Tuesday // 21:51 | Viewed: 1201

Future of Oil Prices Remains Unclear

Rosneft CEO Igor Sechin stated Friday that if investment in the oil industry goes back up, oil prices may remain at USD 60- 80 per barrel.

Business » Energy | February 13, 2015, Friday // 19:30 | Viewed: 1096

Liberalisation of Electricity Market to be Concluded by End of Year – MP

Delyan Dobrev, chairperson of the parliamentary Energy Committee, said that the liberalisation of the electricity market in Bulgaria should be completed in practice by the end of the year.

Business » Energy | February 13, 2015, Friday // 14:57 | Viewed: 1345