Bulgaria's Power Grid to Hit Bottom Load during Easter Holidays
After experiencing problems for over a month due to low consumption, Bulgaria's power grid faces a new crisis during the upcoming Easter holidays.
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Business » Energy
OMV Buys RWE Stake in Nabucco Gas Pipeline Project
Austrian energy group OMV has bought the 16.67% stake of German power utility RWE in the Nabucco gas pipeline project.
Bulgaria's Caretaker Govt Asked to Start Dismantling Energy Holding
The public council at Bulgaria's Ministry of Economy, Energy and Tourism has requested a revision of the contracts with the Maritsa East 1 thermal power plant, the ContourGlobal Maritsa East 3 TPP and the dissolution of the Bulgarian Energy Holding (BEH).
Bulgaria's Watchdog Passes Electricity Price Ball to EconMin
Bulgaria's caretaker Economy and Energy Minister, Asen Vasilev, will have the final say in the increase of electric power prices requested by the coal mines and all energy companies.
Bulgaria's Energy Watchdog Issued 23 Statements of Offence to Power Distributors in 2010
The report of Bulgaria's State Commission for Energy and Water Regulation (DKEVR) from July 14, 2010, which draws attention to irregularities at power distributors, is 600-pages long and its summary is 30-pages long.
Bulgaria Makes Public 112 Energy Contracts
Bulgaria's Ministry of Economy and Energy has declassified Friday a total of 112 contracts related to determining prices of electric power and heating.
Bulgarian Watchdog Exposes Power Distributors in Public Procurement Breaches
Bulgaria's Public Financial Inspection Agency (PFIA) has wrapped up an inspection of the three power distributors operating in the country aimed at identifying breaches of the Public Procurement Act in 2011 and 2012.
Power Utilities Commited Administrative Offenses not Crimes in 2010
Rumyana Arnaudova, Spokesperson of the Sofia City Prosecutor's Office, has argued that the violations of power distributors which the State Commission for Energy and Water Regulation (DKEVR) reported to the prosecuting authority in 2010 did not constitute
Bulgaria's Prosecutors Alerted about Power Distributors Frauds in 2010
Bulgaria's State Commission for Energy and Water Regulation (DKEVR) alerted then-Chief Prosecutor Boris Velchev about fraud schemes at power distributors almost three years ago but the case was never investigated in substance by the prosecuting authority.
Bulgarian Renewable Electricity Producers Ask Minister to Clarify Fraud Accusations
The Bulgarian Photovoltaic Association (BPVA) has insisted that Asen Vasilev, caretaker Minister of Economy, Energy and Tourism, come up with concrete information about alleged violations by solar energy companies.
Bulgarian PM Calls for Detailed Review of South Stream
Bulgaria's caretaker Prime Minister, Marin Raykov called for a new and more in-depth analysis of the Russian-sponsored South Stream gas pipeline project.
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.
EconMin: Bulgaria Can Escape Electricity Price Hike
There are enough reserves in Bulgaria to prevent an increase in electric power prices, according to caretaker Economy and Energy Minister, Asen Vasilev.
EC to Launch Probe of Bulgaria's Energy Sector Next Week
A team of experts of the European Commission will start a probe of Bulgaria's energy sector next week, according to a media statement of the Ministry of Economy, Energy and Tourism.
Electricity Price Hike from July 1 Quite Likely – Bulgarian Watchdog Chair
An increase in electricity prices from July 1, 2013 is very likely, according to Evgenia Haritonova, Chair of Bulgaria's State Commission for Energy and Water Regulation (DKEVR).
Bulgaria to Press Charges against Energy Watchdog Ex Head
The prosecution in Bulgarian capital Sofia is expected to raise charges against the recently fired head of the national energy regulator Angel Semerdzhiev within ten days, according to media reports.
Bulgarian Anti-Trust Watchdog Chair: Cartel Participants Must Be Held Criminally Liable
Petko Nikolov, Chair of Bulgaria's Commission for Protection of Competition (KZK) has suggested that the proposal of holding cartel participants criminally liable should be put to discussion.
Bulgarian Energy Watchdog Chair: Options for Reducing Power Rates Are Too Few
Evgenia Haritonova, Chair of Bulgaria's State Commission for Energy and Water Regulation (DKEVR), has said that there are not many options for a decrease in electricity prices at the moment.
Rosatom May Build Nuclear Reactor in Finland
Finnish power company Fennovoima has launched negotiations with Russia’s state-owned Rossatom over a new reactor planned at Pyhaejoki in northern Finland.
Ex Bulgarian Energy Minister Assuages Power Outage Fears
There is no threat of power outages in Bulgaria, according to one of the former Energy and Economy Ministers, Traicho Traikov.
Bulgaria's Kozlduy NPP Safe Despite Reduced Capacity - CEO
Valentin Nikolov, CEO of the Kozloduy NPP, has said that the N-plant will suffer losses of BGN 19 M due to the newly imposed restrictions on the production of electricity.
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