Business » Energy

Belene NPP Implies Hidden Risks for Both Russia and Bulgaria- Experts

Ruslan Stefanov, an expert at the Sofia-based think-tank Center for the Study of Democracy (CSD) has highlighted the inevitability of resorting to a non-market based financing mechanism for the Belene NPP project.

Business » Energy | May 31, 2011, Tuesday // 16:47 | Viewed: 1642

Night Power Tariffs May Grow By 10% in Bulgaria

Prices of electricity must go up if we want to boost prospects for heating utilities, said Ilia Nikolaev, Chairman of the Association of Heating Utilities in Bulgaria and executive director of Dalkia Varna, drumming up support for a potential price hike p

Business » Energy | May 31, 2011, Tuesday // 14:47 | Viewed: 1597

Bulgarian Nuclear Plant Stress-Test to Cost BGN 12 M

The stress-test of the Bulgarian Kozloduy Nuclear Power Plant, NPP, required by the European Union, will cost anywhere between BGN 10 and 12 M.

Business » Energy | May 31, 2011, Tuesday // 12:14 | Viewed: 1852

Shale Gas Provokes Doubts, Controversy in Bulgaria

The news that US company Chevron hopes to find major shale gas deposits in northeastern Bulgaria have raised the doubts of some experts and the concerns of environmentalists.

Business » Energy | May 30, 2011, Monday // 17:51 | Viewed: 1922

Minister: Bulgaria Has No Plans to Give Up Nuclear Power

Bulgaria has no intention to give up nuclear energy, stated Bulgarian Minister of Economy and Energy Traicho Traikov Monday.

Business » Energy | May 30, 2011, Monday // 17:04 | Viewed: 1664

Germany to Give Up on Nuclear Energy

Germany will close its last nuclear power plants in 2022, thereby becoming the first major industrialized power to give up on nuclear energy, the country's environment minister has announced.

Business » Energy | May 30, 2011, Monday // 12:18 | Viewed: 1256

Ex US Envoy Beyrle: Bulgaria Gave Up over Gazprom Deal

Bulgaria is far too dependent on Russia, but nevertheless concluded a 23-year deal with Gazprom,  leading many to question what the country really gave up for this deal, read fresh diplomatic cables of the US embassy in Sofia, revealed on WikiLeaks.

Business » Energy | May 30, 2011, Monday // 09:38 | Viewed: 1693

Bulgarian Minister: Energy Is Key to National Security

Bulgaria is in dire need of a wide and deep energy diversification, according to Minister of Economy and Energy Traicho Traikov who spoke at the NATO parliamentary summit held in Varna Sunday.

Business » Energy | May 29, 2011, Sunday // 14:53 | Viewed: 1500

EVN Takeover of Major Bulgarian Hydro Power Plant Expected 'in Days'

Austrian company EVN is expected to purchase a 70% stake in the Bulgarian hydro power plant project "Gorna Arda" from Turkish company Ceylan "within days", according to Bulgarian Economy Minister Traicho Traikov.

Business » Energy | May 28, 2011, Saturday // 18:04 | Viewed: 1753

Chevron Beats BNK Petroleum in Bulgarian Shale Gas Exploration Bid

US energy giant Chevron has landed a Bulgarian shale gas exploration concession with a whopping offer of EUR 30 M, Bulgarian Economy Minister Traicho Traikov has announced.

Business » Energy | May 28, 2011, Saturday // 15:39 | Viewed: 2533

Bulgarian Energy Minister Hints at New NPP Contract with Russia

Bulgaria's Economy and Energy Minister, Traicho Traikov, announced the country is to, most likely, present to Russia a new project for contract for the Nuclear Power Plant, NPP, in the Danube town of Belene.

Business » Energy | May 28, 2011, Saturday // 12:52 | Viewed: 1710

Gazrpom, Srbijagas Strike Action Plan on South Stream in Serbia

Russian energy giant Gazprom and Serbia's energy company Srbijagas have signed an action plan for the implementation of the Serbian section of the South Stream gas transit pipeline.

Business » Energy | May 27, 2011, Friday // 18:29 | Viewed: 2410

Bulgarian Govt, Westinghouse Move Closer to Cooperation

Bulgarian Prime Minister Boyko Borisov has met with Westinghouse President for EMEA Anders Jackson and VP for Southern Europe Jose Gutierrez.

Business » Energy | May 27, 2011, Friday // 15:47 | Viewed: 2003

Bulgaria, Russia Still in Discord on Belene Nuclear Project Price

Bulgaria and Russia are not getting closer in reaching an agreement on the price of the project to build a second Nuclear Power Plant, NPP, in the Danube town of Belene.

Business » Energy | May 26, 2011, Thursday // 10:56 | Viewed: 2037

EU Vows Not to Set Barriers for South Stream Gas Pipeline

The EU will not set unjustified restrictions regarding the construction of the South Stream gas pipeline, which is supposed to transit Russian gas to Europe, Gunther Oettinger, EU Energy Commissioner, stated Wednesday.

Business » Energy | May 25, 2011, Wednesday // 18:32 | Viewed: 1494

Russia to Campaign for Granting South Stream EU Priority Status

The Russian Ministry of Energy and state-run gas giant Gazprom will present the South Stream gas pipeline project at the EU headquarters in Brussels Wednesday.

Business » Energy | May 25, 2011, Wednesday // 12:17 | Viewed: 1636

TBP Offers Bulgaria New Offloading Technology for BA Oil Pipeline

Trans-Balkan Pipeline, the company in charge of the construction of the Burgas-Alexandroupolis oil pipeline, has offered the Bulgarian government a new technology for unloading oil to address environmental concerns.

Business » Energy | May 24, 2011, Tuesday // 18:37 | Viewed: 2018

Bulgaria to Sign on Nabucco Pipeline in Turkey on June 6

Bulgaria's Bulgargaz, a subsidiary of the Bulgarian Energy Holding, will participate in the official signing of an agreement on the Nabucco gas transit pipeline in Turkey on June 6, 2011.

Business » Energy | May 23, 2011, Monday // 15:19 | Viewed: 2567

Bulgaria's Kozloduy NPP Among World's Most Tested - EconMin

Bulgaria's Kozloduy Nuclear Power Plant is among the most scrutinized NPPs in the world, according to the country's Energy and Economy Minister, Traicho Traikov.

Business » Energy | May 20, 2011, Friday // 13:18 | Viewed: 1426

South Steam Shareholders to Strike New Agreement in 2011

A new shareholders' agreement for the South Stream gas transit pipeline will be signed in 2011, Gazprom CEO Alexei Miller has announced.

Business » Energy | May 19, 2011, Thursday // 19:28 | Viewed: 1983

US Contour Global OKed to Buy Enel Stake in Bulgaria Plant

Bulgaria's antitrust regulator has given approval to US investment fund Contour Global to acquire the majority stake of Italian energy giant Enel in Maritsa East 3, a Bulgarian coal-fired plant.

Business » Energy | May 19, 2011, Thursday // 09:46 | Viewed: 2273