Business » Energy

Russia's Mechel Acquires Bulgarian Heating Utility

Russian mining and steel conglomerate Mechel OAO has acquired another 51% stake in the heating and power plant in the Danube town of Russe, northern Bulgaria, boosting its interest to 100%.

Business » Energy | November 25, 2010, Thursday // 09:36 | Viewed: 1293

Bulgaria Moves to 'Exclude' Nabucco Construction Funds from Budget Deficit

Bulgaria's Cabinet is Bulgaria's Cabinet is working to convince the EU that the EUR 1.3 B that the country will have to pay for the construction of the Nabucco gas transit pipeline should be counted as part of its budget deficit.

Business » Energy | November 24, 2010, Wednesday // 19:49 | Viewed: 1620

Bulgaria Assures Nabucco Consortium It Is All Up for Pipeline

Bulgaria's Foreign Minister Nikolay Mladenov has declared firm support for the realization of the Nabucco gas transit pipeline project in a meeting with management of the Nabucco Consortium in Vienna.

Business » Energy | November 24, 2010, Wednesday // 17:29 | Viewed: 1379

CEZ Power Utility Strikes Back at Bulgaria’s Energy Watchdog

Czech-owned power utility CEZ, which provides electricity to Western Bulgaria, has announced that the energy watchdog did not have the right to get involved in the company’s relations with its investors.

Business » Energy | November 24, 2010, Wednesday // 12:23 | Viewed: 1262

Serbia Confirms Interest in Bulgaria's Nuclear Plant

Serbia has officially stated its interest in becoming one of the investors in Bulgaria's project to build a second Nuclear Power Plant (NPP) in the Danube town of Belene.

Business » Energy | November 23, 2010, Tuesday // 17:22 | Viewed: 1563

Austria Shows Interest in Bulgaria's Nuclear Plant Project

Austrian companies have shown interest in taking part in the project to build a second Bulgarian Nuclear Power Plant (NPP) in the Danube town of Belene.

Business » Energy | November 23, 2010, Tuesday // 13:43 | Viewed: 1523

Bulgaria’s Energy Watchdog Plans to Fine Power Utility CEZ

Bulgaria’s State Commission for Energy and Water Regulation (DKEVR) is planning to fine Czech-owned power utility CEZ because it delayed the purchase of equipment, built by the business, for connection to the electricity transmission network.

Business » Energy | November 23, 2010, Tuesday // 12:53 | Viewed: 1293

US Company Confirms Sizeable Shale Gas Discovery in Bulgaria

Some 300 B cubic meters of shale gas are lying untapped in central northern Bulgaria, Direct Petroleum manager for Bulgaria Kolyo Tonev has confirmed for Novinite.com (Sofia News Agency).

Business » Energy | November 22, 2010, Monday // 23:14 | Viewed: 2910

Key Bulgarian Projects Seem to Be 'Off the List' for Chevron, Westinghouse

Two potentially major energy projects in Bulgaria – the Burgas-Alexandroupolis oil pipeline and new reactors at the Kozloduy NPP – appear to be "off the list" for leading US companies Chevron and Westinghouse, senior diplomats have indicated for Novinite.

Business » Energy | November 22, 2010, Monday // 17:11 | Viewed: 1588

US Ambassador: Bulgaria's Renewable Energy Law Key for AES Investment Plans

Bulgaria's renewable energy legislation needs to be harmonized with EU laws in order to attract major foreign investors such as AES, US Ambassador in Sofia James Warlick told Novinite.com (Sofia News Agency).

Business » Energy | November 22, 2010, Monday // 16:08 | Viewed: 2292

EC Admits South Stream, Nabucco Rivalry

The competition between the South Stream and the Nabucco gas pipelines was admitted by EU Energy Commissioner Guenther Oettinger.

Business » Energy | November 22, 2010, Monday // 15:32 | Viewed: 1494

Bulgaria Excited about Nabucco after Turkmenistan's Generous Offer

Bulgaria's Foreign Ministry insists on fast progress on the construction of the Nabucco gas transit pipeline after at the end of last week Turkmenistan announced it was ready to provide the project with more natural gas that it can handle.

Business » Energy | November 22, 2010, Monday // 14:56 | Viewed: 1980

Turkmenistan Says to Give EU More Gas than Nabucco Can Handle

Turkmenistan is ready to provide the EU with some 40 billion cubic meter of natural gas annually for the Nabucco gas pipeline project.

Business » Energy | November 19, 2010, Friday // 19:09 | Viewed: 1891

Inter RAO Eyes Enel's Bulgaria Coal-Fired Plant, Wind Parks - Report

Russia's state power trader Inter RAO wants to acquire not only the majority stake of Italian energy giant Enel in Maritsa East 3, a Bulgarian coal-fired plant, but also its wind parks near the Black Sea coast, according to reports.

Business » Energy | November 19, 2010, Friday // 09:57 | Viewed: 1982

Bulgaria's CEZ Faces Tough Choices over Renewable Energy Growth

Czech-owned power utility CEZ says it needs approval from the state for larger-scale investments in order to keep up with the growing number of requests for including new renewable energy plants into the power distribution network.

Business » Energy | November 18, 2010, Thursday // 18:43 | Viewed: 1415

Bulgaria Govt with New Scenario for Energy Holding Future

Bulgaria's government is considering yet another scenario how to restructure the energy holding, which groups the country's top energy assets, a member of the ruling party has announced.

Business » Energy | November 18, 2010, Thursday // 17:22 | Viewed: 1424

Slovenia Hails Progress of Russian South Stream Pipeline

Several days after the future of the South Stream gas transit pipeline emerged more certain as Bulgaria and Russia signed a respective deal, Slovenia's President Danilo Turk hailed the progress of the project in Moscow.

Business » Energy | November 18, 2010, Thursday // 11:18 | Viewed: 1408

Energy Minister: Russia Wants to Build Luxury NPP in Bulgaria

Russia has requested the maximum possible price for the Belene NPP project in Saturday's negotiations, revealed Bulgarian Minister of Economy and Energy Traicho Traikov Tuesday.

Business » Energy | November 16, 2010, Tuesday // 16:04 | Viewed: 1342

Bulgaria Confirms It Will Request Derogation on South Stream from EC

Bulgaria will ask the European Commission for a derogation, so that a substantial part of the South Stream pipe be used only by shareholders, confirmed energy minister Traicho Traikov Tuesday.

Business » Energy | November 16, 2010, Tuesday // 15:51 | Viewed: 1446

Bulgaria Picks HSBC for Belene Nuclear Plant Consultant

The Bulgarian Energy Holding has picked HSBC, one of UK's biggest banks, for a consultant to help it decide how to proceed and attract new investors for the planned Belene nuclear power plant, the energy minister said.

Business » Energy | November 16, 2010, Tuesday // 14:24 | Viewed: 3996

Bulgaria PM Confirms Pull Out of Oil Pipeline Project

Bulgaria's prime minister has reiterated his determination to abandon the Burgas-Alexandroupolis oil pipeline project over fears that it is unprofitable and environmentally unfriendly.

Business » Energy | November 16, 2010, Tuesday // 12:55 | Viewed: 1519