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Business » Energy

Energy Minister: AES Wants to Alter Bulgarian Legislation

American energy company AES is intentionally protracting its project for building a solar power plant near Silistra, because it wants changes introduced in Bulgaria's law on renewable energy, said Minister of Energy Traicho Traikov.

Business » Energy | July 31, 2010, Saturday // 10:39 | Viewed: 2024

Bulgaria, EVN Yet to Share Out Stakes in Hydro Project - Min

Bulgaria's economy minister has tried to assuage opposition fears over a deal that granted Austrian utility EVN a majority stake in a hydro project on the Arda river, known as Gorna Arda.

Business » Energy | July 30, 2010, Friday // 18:17 | Viewed: 1719

EU Spokesperson: South Stream Cannot Be EU Priority

The South Stream gas pipeline project cannot possibly become a priority project for the European Union said Friday Marlene Holzner, spokesperson for EU Energy Commissioner Günther Oettinger.

Business » Energy | July 30, 2010, Friday // 18:08 | Viewed: 1921

Bulgaria Socialists Alarmed over EVN Stake in Hydro Project

Bulgaria's former prime minister and Socialist leader Sergey Stanishev has slammed an agreement under which the Austrian utility EVN got a majority stake in Bulgaria hydro project on the Arda river, known as Gorna Arda.

Business » Energy | July 30, 2010, Friday // 13:48 | Viewed: 1586

Fitch Puts Bulgaria's Petrol on Rating Watch Negative

International credit agency Fitch has placed Bulgaria-based fuel distributor Petrol AD's Long-term Issuer Default Rating (IDR) of 'CC' on Rating Watch Negative (RWN).

Business » Energy | July 30, 2010, Friday // 12:57 | Viewed: 1820

Ex Bulgarian Energy Minister Escapes Prosecution

Bulgaria's former Energy Minister, Rumen Ovcharov, will not be probed by the Sofia City Appellate Prosecutor's Office over the annexes to the gas contracts signed with Russia in 2006.

Business » Energy | July 29, 2010, Thursday // 18:08 | Viewed: 1362

Bulgaria Pressed to Fork Out EUR 67 M by End-2010 for N-Plant

Bulgaria must pay by the end of the year an installment of EUR 67 M for its second nuclear power plant project, which has stalled over lack of a new investor and funding, a deputy minister has said.

Business » Energy | July 29, 2010, Thursday // 12:09 | Viewed: 1668

Melrose Finds New Natural Gas Deposits in Bulgaria

Natural gas prices in Bulgaria will go down in the fall of 2010 as a result of extraction from three new deposits discovered by UK-based company Melrose resources.

Business » Energy | July 28, 2010, Wednesday // 18:29 | Viewed: 2677

AES Plans to Construct USD 400 M Solar Power Plant in Bulgaria

AES Corp., the U.S. power producer with operations in more than two dozen countries, is keen on constructing in Bulgaria a USD 400 M solar power plant with a capacity of 80 megawatts, the American ambassador in Sofia announced.

Business » Energy | July 28, 2010, Wednesday // 11:55 | Viewed: 2791

Ex PM: Borisov Govt Stalls Burgas-Alexandroupolis Pipeline

Bulgaria is going to have to pay penalties of about EUR 0.5 B if it gives up and thus kills the Burgas-Alexandroupolis oil pipeline project, according to former PM Sergey Stanishev.

Business » Energy | July 27, 2010, Tuesday // 20:52 | Viewed: 1767

Czech Power Utility to Invest BGN 2 M in Renovation

The Czech-owned electric power utility CEZ will invest BGN 1 936 000 M in renovation of the "Metro"subfeeder, which provides electricity to the northwestern region of the Bulgaria's capital.

Business » Energy | July 27, 2010, Tuesday // 14:58 | Viewed: 1285

Bulgarian Energy Watchdog Joins Coastal Blackout Probe

The Bulgarian State Commission for Energy and Water Regulation (DKEVR) is joining the probe of the causes of the power outage that left thousands along the country's Black Sea coast without electricity.

Business » Energy | July 27, 2010, Tuesday // 14:26 | Viewed: 1478

Greek PM Vows Strong Support for Burgas-Alexandroupolis Pipe

Greek PM George Papandreou, who is on an official visit to Bulgaria, reiterated Greece's strong commitment to the completion of projected Burgas-Alexandroupolis oil pipeline.

Business » Energy | July 27, 2010, Tuesday // 13:24 | Viewed: 1517

Bulgarian Court Fines Austrian Utility EVN

Bulgaria's Supreme Administrative Court has confirmed the decision of the Competition Protection Commission to fine the Austrian utility EVN for an alleged abuse of its dominant position on the electricity market.

Business » Energy | July 27, 2010, Tuesday // 12:07 | Viewed: 1422

China Development Bank to Help Serbia Invest in Belene NPP - Report

The China Development Bank has expressed interest in financing Serbia's investment participation in Bulgaria's Belene NPP project, reported Serbian news agency Blic Monday.

Business » Energy | July 26, 2010, Monday // 18:56 | Viewed: 2210

Bulgaria's FBI to Probe Black Sea Coast Power Outage

Bulgaria's police and State Agency for National Security (DANS) are to probe the power outage that left thousands along the country's Black Sea coast without electricity.

Business » Energy | July 26, 2010, Monday // 15:54 | Viewed: 1654

Bulgaria Warms up on Burgas-Alexandroupolis, Pays EUR 5 M - Report

The Bulgarian government is well aware the Burgas-Alexandroupolis oil pipeline project is profitable for Bulgaria, vice-president of Russian oil company Transneft Mikhail Barkov said, as quoted Monday by RIA Novosti.

Business » Energy | July 26, 2010, Monday // 14:41 | Viewed: 1474

Govt Appoints 2nd CEO of Bulgarian Energy Holding

The Economy Ministry has appointed a second Executive Director of the state megastructure "Bulgarian Energy Holding.

Business » Energy | July 26, 2010, Monday // 09:06 | Viewed: 1748

Socialists, Russians Blast Bulgarian Govt for Stalling Belene NPP

The Belene Nuclear Power Plant project is vastly beneficial to Bulgaria but is delayed by the Borisov government for political reasons, according to Socialist MP Rumen Petkov.

Business » Energy | July 25, 2010, Sunday // 20:24 | Viewed: 1785

Bulgarian PM Declares Burgas-Alexandroupolis Oil Pipeline Dead

There is no way that the Burgas-Alexandroupolis oil pipeline project can be realized, according to Bulgarian Prime Minister Boyko Borisov.

Business » Energy | July 25, 2010, Sunday // 19:06 | Viewed: 1930

Bulgarian Black Sea Cost Power Outage Tamed

Crews of the Bulgarian National Electric Company (NEK) were able to fix at 1:40 pm Saturday the two serious breakdowns of its electric posts, which left some Black Sea resorts without electricity.

Business » Energy | July 24, 2010, Saturday // 15:17 | Viewed: 2712
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