Business » Energy

EU Allocates Funding for Feasibility Study of Bulgaria-Turkey Gas Interconnector

The state-owned natural gas transmission operator Bulgartransgaz was awarded EU funding for pre-investment feasibility study of the planned interconnector between Bulgaria and Turkey.

Business » Energy | April 9, 2015, Thursday // 17:11 | Viewed: 2152

Bulgaria Electricity Company to Save BGN 1 B after Amending Contracts with US-Owned TPPs

Bulgaria’s National Electricity Company (NEK) has signed agreements with US-owned thermal power plants AES Maritza East 1 and ContourGlobal Maritsa East 3 TPP under which it will pay BGN 1 B less to the TPPs over the next 10 years.

Business » Energy | April 8, 2015, Wednesday // 13:24 | Viewed: 2048

Bulgaria Opposition Blames PM for Not Attending Budapest Energy Talks

Bulgaria's Prime Minister should explain why no government official was present at the energy meeting held by ministers of Eastern European countries, the opposition believes.

Business » Energy | April 8, 2015, Wednesday // 13:12 | Viewed: 1453

Bulgaria’s Electricity Company, US-Owned TPPs to Approve Changes to Long-Term Contracts

Bulgaria’s National Electric Company (NEK) and the two US-owned thermal power plants AES Maritza East 1 and ContourGlobal Maritsa East 3 TPP are to sign agreements Wednesday on amending the existing long-term contracts.

Business » Energy | April 8, 2015, Wednesday // 09:06 | Viewed: 1547

Westinghouse to Continue Talks with Bulgaria over Kozloduy NPP's Unit 7

US-based Westinghouse Electric Company said on Thursday it agreed to discuss a new timetable and structure of the project to build Unit 7 of Bulgaria's Kozloduy nuclear plant.

Business » Energy | April 2, 2015, Thursday // 17:40 | Viewed: 2197

Bulgaria Parliament Appoints Ivan Ivanov Energy Watchdog Head

Ivan Ivanov, the single candidate to become the chair of Bulgaria's energy regulator KEVR, has now been picked by Parliament to take over the body.

Business » Energy | April 2, 2015, Thursday // 13:39 | Viewed: 1209

US Delegation Meeting Bulgaria's Energy Minister

A US delegation has arrived at the Bulgarian Energy Ministry for negotiations, the ministry has confirmed.

Business » Energy | April 2, 2015, Thursday // 11:43 | Viewed: 1408

Bulgaria Cannot Uphold Agreement on Kozloduy NPP Unit 7 with US Westinghouse - PM

Bulgaria is only ready to work on the agreement with Westinghouse Electric for unit 7 of the Kozloduy NPP provided that the company participates in the project as an investor, according to Prime Minister Boyko Borisov.

Business » Energy | April 1, 2015, Wednesday // 15:48 | Viewed: 2465

Bulgaria’s Gorna Arda Hydropower Complex Project Not Frozen

The Gorna Arda hydropower complex project has not been frozen despite the fact that the launch of construction works has been delayed for almost a year.

Business » Energy | March 31, 2015, Tuesday // 09:05 | Viewed: 1158

Construction of Gas Interconnector Greece-Bulgaria May Start in March 2016

The construction of the second Bulgaria-Greece gas pipeline interconnection (IGB Pipeline) may start in March 2016, according to reports of Bulgaria’s Energy Ministry.

Business » Energy | March 30, 2015, Monday // 14:55 | Viewed: 2106

Bulgargaz CEO Anticipates 13% Gas Price Decrease from April, 10% Decrease from July

Petyo Ivanov, CEO of Bulgaria’s state-owned gas supplier Bulgargaz, has said that gas rates are expected to drop by around 13% from April, with a possibility for a new price decrease of up to 10% in July.

Business » Energy | March 30, 2015, Monday // 09:59 | Viewed: 1174

Bulgarian Project Company for Oil Pipeline Burgas-Alexandroupolis Welcomes New CEO

The Bulgarian project company established for the Burgas-Alexandroupolis oil pipeline, which was suspended several years ago, will undergo a senior-level reshuffle as of March 31.

Business » Energy | March 27, 2015, Friday // 19:43 | Viewed: 1468

Bulgarian Energy Ministry to Review Westinghouse Contract

The agreement between Bulgarian government and the US-based company Westinghouse regarding the construction of a seventh block to the Kozlodui nuclear power plant will be reviewed.

Business » Energy | March 26, 2015, Thursday // 15:49 | Viewed: 1725

Bulgaria Coalition Partners to Back Ivan Ivanov as Energy Committee Head

The main coalition partners in Bulgaria's government have agreed to support the candidacy of Ivan Ivanov, an energy expert and former lawmaker, to take over the national energy regulator KEVR.

Business » Energy | March 26, 2015, Thursday // 10:33 | Viewed: 1035

EU Commission Accuses Bulgarian Energy Holding of Gas Market Abuse

State-owned Bulgarian Energy Holding (BEH) has been charged with breaching EU anti-trust rules, the European Commission said on Monday.

Business » Energy | March 23, 2015, Monday // 14:56 | Viewed: 1433

Dismantling of Bulgarian NPP Kozloduy's Smaller Units Starts

The partition of the smaller units of the nuclear power station Kozlodui has started so that the metal remnants can be submitted for recycling.

Business » Energy | March 23, 2015, Monday // 13:58 | Viewed: 908

Drilling at Bulgaria's Khan Asparuh to Begin in February 2016

First drilling at the Khan Asparuh block in the Black Sea, where significant gas deposits are though to lie, are now scheduled for February 2016, an official has said.

Business » Energy | March 22, 2015, Sunday // 12:21 | Viewed: 7433

EU Ready to Finance Bulgaria-Greece Gas Link, PM Borisov Says

Bulgaria’s Prime Minister Boyko Borisov said on Friday he has been assured by EU energy chief Maros Sefcovic that the European Commission will finance the construction of a gas interconnection between Bulgaria and its southern neighghbour Greece.

Business » Energy | March 20, 2015, Friday // 17:03 | Viewed: 1617

Bulgaria to Seek Juncker Plan Funding of EUR 1.410 B for 6 Energy Projects

Bulgaria will seek EUR 1.410 B under the Juncker Plan for energy projects, according to Energy Minister Temenuzhka Petkova.

Business » Energy | March 20, 2015, Friday // 15:56 | Viewed: 1294

Bulgaria’s Wind Power Capacity Installed in 2014 at 10.1 MW

Wind farms with a total capacity of 10.1 MW were installed in Bulgaria in 2014, according to the annual Wind Energy Barometer report of EurObserv'ER.

Business » Energy | March 20, 2015, Friday // 14:40 | Viewed: 5464

Industrial Energy Consumers in Bulgaria Demand 23% Gas Price Decrease as of April

Industrial energy consumers in Bulgaria have called for a 23% reduction in gas prices from April, instead of the 13% price decrease proposed by state-owned gas supplier Bulgargaz.

Business » Energy | March 19, 2015, Thursday // 21:30 | Viewed: 1261