Business » Energy

Bulgaria, Russia Extend Belene NPP Deal by 3 Months, Russian Funding Mulled

Bulgaria's National Electric Company NEK and Russia's Atomstroyexport, a subsidiary of Rosatom, have signed an annex extending by 3 months their contract for the construction of the Belene NPP, which should become the second Bulgarian nuclear power plant.

Business » Energy | July 2, 2011, Saturday // 12:59 | Viewed: 2192

Russia 'Insulted' by Bulgaria's Treatment over BA Oil Pipeline

Russian oil pipeline operator Transneft will soon consider if it is still expedient to attempt further cooperation with Bulgaria on the trans-Balkan Burgas-Alexandroupolis oil pipeline project, Transneft President Nikolai Tokarev said on Friday.

Business » Energy | July 1, 2011, Friday // 21:00 | Viewed: 2325

France Bans Controversial Shale Gas Technology

 France became the first country in the world to ban the production of shale gas through the so-called hydraulic fracturing, lawmakers give the final vote on new piece of legislation.

Business » Energy | July 1, 2011, Friday // 16:10 | Viewed: 1949

Bulgarian-German Firm BCI to Invest EUR 200 M in Bulgarian Solar Park

Bulgarian-German company BCI OOD is going to invest over EUR 200 M in a photovoltaic park in the Kazanlak Municipality in Central Bulgaria.

Business » Energy | June 30, 2011, Thursday // 18:24 | Viewed: 2894

Bulgaria, Russia Agree on Nuclear Project Delay

Bulgaria and Russia have agreed to extend the negotiations over Belene nuclear project by another three months as of July.

Business » Energy | June 30, 2011, Thursday // 09:54 | Viewed: 1681

French, US MPs Cast Serious Doubts on Shale Gas

France is set to become the first country in the world to ban the production of shale gas, when lawmakers give the final vote on new legislation Thursday, writes Le Monde.

Business » Energy | June 29, 2011, Wednesday // 20:35 | Viewed: 1943

Bulgaria Solid Fuels Output Up 1.2% in March m/m

Bulgaria has witnessed a 1.2% monthly increase in the production of solid fuels to 2885 000 tons in March 2011, while the production of liquefied petroleum gas (LPG) has gone up by 66.7% to 10 000 tons in the same period.

Business » Energy | June 29, 2011, Wednesday // 12:04 | Viewed: 1245

Enel Wraps Up Sale of Bulgaria Plant Stake

Italian energy giant Enel has closed the sale of its majority stake in Maritsa East 3, a Bulgarian coal-fired plant, to US investment fund Contour Global, the company announced.

Business » Energy | June 28, 2011, Tuesday // 19:51 | Viewed: 1947

Areva, Westinghouse, WorleyParsons May Vie for Bulgaria's N-Plant Stress Test

Ten companies, associations and research institutes have been invited to compete for preparing the stress tests at Bulgaria's sole nuclear plant at Kozloduy, it emerged on Tuesday.

Business » Energy | June 28, 2011, Tuesday // 18:48 | Viewed: 1802

Bulgaria's State-Owned Power Utility NEK Welcomes New CEO

Mihail Andonov is the new executive director of Bulgaria's state-owned power utility NEK, Minister of Economy, Energy and Tourism Traicho Traikov announced Tuesday.

Business » Energy | June 28, 2011, Tuesday // 14:14 | Viewed: 1353

Bulgarians' Gas, Heating, Electricity Bills to Grow in July

Natural gas prices will grow by 4.7% from July and heating rates in Sofia will rise by slightly over 4%, according the the preliminary calculations of Bulgaria's State Commission for Energy and Water Regulation (DKEVR).

Business » Energy | June 28, 2011, Tuesday // 13:22 | Viewed: 1179

Bulgarian PM Alleges of High-Rank Fraud at Start of Belene NPP

There is enough evidence that high-ranking Bulgarian officials have criminally mismanaged the Belene NPP project since its relaunch in 2006, according to Bulgarian PM Boyko Borisov.

Business » Energy | June 26, 2011, Sunday // 14:59 | Viewed: 1442

Electric Power Station Launched in Bulgarian Beach Resort

Bulgaria's Prime Minister, Boyko Borisov and Economy and Energy Minister, Traicho Traikov, are opening Saturday the first stage of the building of a new electric power substation on the Black Sea coast.

Business » Energy | June 25, 2011, Saturday // 10:03 | Viewed: 1353

Bulgaria Gives Up on Trying to Make Gas Pipe to Turkey Part of Nabucco

The Bulgarian government is no longer trying to make the future gas interconnection between Bulgaria and Turkey a section of the EU-sponsored gas transit pipeline Nabucco, Economy Minister Traikov announced.

Business » Energy | June 24, 2011, Friday // 20:04 | Viewed: 2251

Bulgaria, Russia in New Clash over Nuclear Project Delay

Much to the surprise of the government in Sofia, Russia has announced it has not been informed of Bulgaria's decision to freeze Belene nuclear project for another three months as of July.

Business » Energy | June 24, 2011, Friday // 14:11 | Viewed: 1926

Bulgarian Deputy Minister Pulls Out of Lukoil Board

The Bulgarian Deputy Transport Minister, Kamen Kichev, has decided to no longer represent the State in the Lukoil Neftohim Burgas company.

Business » Energy | June 23, 2011, Thursday // 20:53 | Viewed: 1479

Kiril Temelkov Appointed CEO of Bulgartransgaz

Kiril Temelkov is replacing Ivan Drenovichki at the post of CEO of the Bulgartransgaz company, the Bulgarian Energy Holding, BEH, announced Thursday.

Business » Energy | June 23, 2011, Thursday // 19:37 | Viewed: 1619

Azerbaijan's Natural Gas Supplies for Bulgaria Pushed Back by 3 Years

Azerbaijan is ready to provide Bulgaria with natural gas supplies as of 2014, the Bulgarian Economy Ministry announced after a meeting of the energy ministers of the two countries.

Business » Energy | June 23, 2011, Thursday // 18:59 | Viewed: 2065

Bulgarian Energy Holding Ousts Bulgartransgaz CEO

Ivan Drenovichki, executive director of Bulgartransgaz, was removed from the position one year and a half after taking office, the Bulgarian Energy Holding (BEH) said in a statement.

Business » Energy | June 23, 2011, Thursday // 13:55 | Viewed: 1573

Burgas-Alexandroupolis Oil Pipeline Gets Further 2-Month Delay

The highly controversial project for the construction of the Burgas-Alexandroupolis oil pipeline has been delayed further as the Bulgarian Environment Ministry has returned the company’s environmental assessment report for the second time.

Business » Energy | June 23, 2011, Thursday // 09:26 | Viewed: 2579

Bulgaria Starts Decommissioning of Kozloduy NPP Units 1, 2

The first operation of the planned decommissioning of Units 1 and 2 at the Kozloduy NPP has started, the Radioactive Waste State-owned Company has announced.

Business » Energy | June 23, 2011, Thursday // 09:20 | Viewed: 1869