Business » Energy

Bulgaria's Three Power Distributors Face Bankruptcy - Report

The three power distributors operating in Bulgaria, CEZ, EVN and Energo Pro, face de-facto bankruptcy due to the decrease in electricity prices in effect since March 2013, the new rules for purchasing renewable energy, and the obstructions to the reimburs

Business » Energy | July 18, 2013, Thursday // 15:46 | Viewed: 3961

Industrial Energy Consumers in Bulgaria Demand Energy Road Map

The Bulgarian Federation of Industrial Energy Consumers (BFIEC) has demanded a "roadmap" offering sustainable long-term solutions to the energy problems which takes into account the recommendations of the European Commission and the World Bank on energy s

Business » Energy | July 17, 2013, Wednesday // 18:02 | Viewed: 2618

Heating Utility in Bulgaria's Burgas to Install Biomass Boiler

The heating utility in Bulgaria's Black sea city of Burgas plans to boost its efficiency by mounting a new biomass boiler, thereby reducing the consumption of natural gas and the heating bills of its customers.

Business » Energy | July 17, 2013, Wednesday // 16:24 | Viewed: 2540

Bulgaria's Energy Minister: Diversification, Security of Gas Are Top Priorities

Economy and Energy Minister Dragomir Stoynev has assured representatives of the "Trans Adriatic Pipeline", TAP, project, that the Bulgarian government considers gas supply diversification a top priority.

Business » Energy | July 16, 2013, Tuesday // 19:19 | Viewed: 3158

Fire at Bulgaria's Lukoil Neftochim Refinery Extinguished, No Victims, Injured

A fire caused by a spark erupted in the xylenes department of Bulgaria's Burgas-based Lukoil Neftochim refinery around 11 am on Tuesday.

Business » Energy | July 16, 2013, Tuesday // 15:54 | Viewed: 17197

Varna Plans Revolt against Russian-sponsored Gas Pipeline

Residents of Bulgaria's Black Sea city of Varna are preparing to stage a protest rally against the joint Russian-Bulgarian South Stream natural gas pipeline project.

Business » Energy | July 14, 2013, Sunday // 17:31 | Viewed: 13438

BNP Paribas Loan Caused Huge Losses to Bulgaria Power Co, Probe Finds

Bulgaria’s state power utility has suffered more than BGN 36 M of losses due to the loan deal with BNP Paribas for the nuclear power plant project at Belene, an official check has shown.

Business » Energy | July 10, 2013, Wednesday // 20:50 | Viewed: 3500

Bulgaria's Energy Minister Pledges Increase in Coal Prices

Dragomir Stoynev, Bulgaria's Minister of Economy and Energy, has vowed an increase in coal prices by end-2013 from the current "unrealistically low" levels.

Business » Energy | July 9, 2013, Tuesday // 18:25 | Viewed: 3329

Bulgaria Reiterates Commitment to South Stream Project

The South Stream gas pipeline remains a project of strategic importance for Bulgaria, Bulgarian Energy and Economy Minister Dragomir Stoynev has assured Russia.

Business » Energy | July 8, 2013, Monday // 16:44 | Viewed: 4704

Gazprom CEO Miller Arrives in Sofia for South Stream Talks

Russian gas giant Gazprom's CEO Alexey Miller is to make a one-day trip to Bulgarian capital Sofia on Monday to discuss the developments of the joint South Stream natural gas pipeline project.

Business » Energy | July 8, 2013, Monday // 08:19 | Viewed: 3187

Gazprom CEO Miller to Arrive in Sofia on South Stream Talks

Russian gas giant Gazprom's CEO Alexey Miller is to make a one-day trip to Bulgarian capital Sofia Monday to discuss the developments of the joint South Stream natural gas pipeline project.

Business » Energy | July 6, 2013, Saturday // 14:54 | Viewed: 2469

European Commission Opens Proceedings against Bulgarian Energy Holding

The European Commission announced it has opened formal proceedings against Bulgarian Energy Holding and its subsidiaries Bulgargaz and Bulgartransgaz for an alleged hindering of competition.

Business » Energy | July 5, 2013, Friday // 14:25 | Viewed: 3558

Bulgaria to Build 1st Nuclear Waste Repository

Bulgaria's government has made the first steps towards creating the country's first nuclear waste repository.

Business » Energy | July 3, 2013, Wednesday // 20:27 | Viewed: 3699

Bulgarian Govt Appoints New Head of Nuclear Regulatory Agency

The Bulgarian government has removed Sergei Tsochev from the post of Chair of the Bulgarian Nuclear Regulatory Agency (BNRA) due to the expiration of his term in office.

Business » Energy | July 3, 2013, Wednesday // 14:58 | Viewed: 2122

Top-Level Reshuffle in Bulgaria's Electricity Sector

Bulgaria's Electricity System Operator (ESO) and the National Electric Company (NEK) have undergone a reshuffle of senior staff amid a scandal over the delayed separation of ESO from NEK and potential penalties by the European Commission.

Business » Energy | July 3, 2013, Wednesday // 12:25 | Viewed: 2441

Coal Mine in Southeastern Bulgaria to Suffer Power Supply Regime over Unpaid Debts

Power distributor EVN, which services in southeastern Bulgaria, has cautioned it will introduce a power supply regime for coal mining company Mina Balkan 2000 EAD over debts.

Business » Energy | July 2, 2013, Tuesday // 16:45 | Viewed: 2188

Suppressing Power Rates Unlikely To Result in Price Spike – Bulgarian Energy Expert

Elenko Bozhkov, member of Bulgaria's State Commission for Energy and Water Regulation (DKEVR), has said that suppressing electricity prices is not likely to result in a sudden price spike in several years' time.

Business » Energy | July 2, 2013, Tuesday // 16:01 | Viewed: 2566

Bulgarian EconMin Reiterates Claims of Looming EC Fine

The European Commission has started nearly one year ago an infringement procedure against Bulgaria's energy sector breaches and fines are pending any time now, according to Economy and Energy Minister Dragomir Stoynev.

Business » Energy | July 2, 2013, Tuesday // 11:17 | Viewed: 2734

Green Energy Producers Urge Bulgaria to Seek Exports Opportunities

The Bulgarian Photovoltaic Association (BPVA) has insisted that the country must seek options to export renewable energy abroad.

Business » Energy | July 1, 2013, Monday // 17:06 | Viewed: 3660

Ex Energy Minister: Belene NPP, Tsankov Kamak HPP Drove Bulgaria's Power Co into Debts

Bulgaria's National Electric Company (NEK) would have resources of BGN 600 M if the Belene nuclear power plant and the Tsankov Kamak hydropower plant had not eaten up a total of BGN 2.

Business » Energy | June 30, 2013, Sunday // 17:32 | Viewed: 3226

Bulgaria Faces Fine of BGN 9000 a Day over Delayed Implementation of EU's 3rd Energy Package

Bulgaria's National Electric Company (NEK) may face penalty payments of BGN 9000 a day for months on end, according to Economy and Energy Minister Dragomir Stoynev.

Business » Energy | June 30, 2013, Sunday // 15:52 | Viewed: 3143
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