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PM: Bulgaria Freezes Belene NPP Project over Uncertain Returns

Bulgaria is freezing the construction of its second nuclear power plant at Belene because of the lack of guarantees for the profitability of the project, Prime Minister Boyko Borisov announced.

Business » Energy | June 11, 2010, Friday // 14:13 | Viewed: 2200

PM: Bulgaria Walks out of Burgas-Alexandroupolis Pipeline

Bulgaria's prime minister has surprisingly announced that the country will dump the Burgas-Alexandroupolis oil pipeline project over fears that it is unprofitable and damaging for the country.

Business » Energy | June 11, 2010, Friday // 14:05 | Viewed: 3151

Bulgaria Puts Electricity, Heating Price Hikes on Discussion

Proposed price hikes for electricity and heating are to be put on public consultation Friday at Bulgaria's State Commission for Energy and Water Regulation.

Business » Energy | June 11, 2010, Friday // 08:42 | Viewed: 1149

Bulgarian Mayor Ecstatic over Revenues from Wind Energy

Investments in wind power generators are a great way to support smaller municipalities around Bulgaria, according to Tsonko Tsonev, mayor of the Black Sea town of Kavarna.

Business » Energy | June 10, 2010, Thursday // 19:04 | Viewed: 2048

Shmatko Puts Bulgaria on Notice Over Pipeline

Russia may indefinitely delay construction of an oil pipeline across Bulgaria and Greece if Sofia does not complete its revision of the plan in the next few months, the country's energy minister has said.

Business » Energy | June 10, 2010, Thursday // 08:44 | Viewed: 1333

Bulgarian President: No Time to Lose with Belene NPP

Bulgarian President Georgi Parvanov called on the government to proceed faster with the construction of the second nuclear power plant "Belene", which has been stalled over lack of funding.

Business » Energy | June 9, 2010, Wednesday // 14:20 | Viewed: 1278

Russia's Atomstroyexport Ready to Start Bulgaria's Belene in Oct

Russia's Atomstroyexport, commissioned to build the planned 2,000 megawatt Belene nuclear plant on the Danube River in Bulgaria, which has stalled over lack of funding, is ready to start work in October, the company's executive director for the project sa

Business » Energy | June 9, 2010, Wednesday // 13:04 | Viewed: 1581

Bulgarians Face 5% Electric Price Hike

The price of electric power in Bulgaria will, most likely, go up by 5% on average on July 1, according to plans of the State Commission for Energy and Water Regulation (DKEVR).

Business » Energy | June 8, 2010, Tuesday // 15:57 | Viewed: 1380

Bulgaria Fines Austrian Utility EVN

Bulgaria's anti-trust watchdog has imposed BGN 337,347 fine on Austrian utility EVN for an alleged abuse of its dominant position on the electricity market, it said on Tuesday.

Business » Energy | June 8, 2010, Tuesday // 15:03 | Viewed: 1251

Tishman Hosts Round Table on Bulgarian Nuclear Projects

The Los Angeles based, leading real estate company, Tishman International, hosted Monday a round table titled: Nuclear Energy, Economy and Market Situation, Perspectives.

Business » Energy | June 7, 2010, Monday // 19:09 | Viewed: 1512

Bulgarian State Gas Company to Request Price Hike

The Bulgarian state gas company Bulgargaz is going to request a substantial raise in price of "at least 23%" before the end of this month.

Business » Energy | June 7, 2010, Monday // 13:41 | Viewed: 1333

Bulgaria Draws Hefty Dividend from EVN Power Utility

The Bulgarian State will draw a BGN 1.65 M dividend for 2009 from the power utility EVN, the company informs Wednesday.

Business » Energy | June 2, 2010, Wednesday // 19:15 | Viewed: 1763

Bulgarians Face Heating Price Hike

The hot water price for Bulgarian consumers, who use central heating in their homes, is going up between 10% and 35%, beginning July 1.

Business » Energy | June 1, 2010, Tuesday // 15:56 | Viewed: 1466

Bulgaria PM, Stock Exchange Reps Discuss Floating Stakes

The management of the Bulgarian Stock Exchange is expected to confer with the prime minister this week to discuss the privatization of shares in state-owned companies to enliven the local stock exchange and boost revenues.

Business » Energy | May 31, 2010, Monday // 15:08 | Viewed: 1327

Bulgarian Power Utility CEZ Takes Up 69 New Projects

Czech-owned electricity distribution company CEZ has announced the investment of BGN 4 M in 69 new energy projects in Western Bulgaria.

Business » Energy | May 30, 2010, Sunday // 12:57 | Viewed: 1458

Greens MEP: Bulgaria's Belene NPP Extremely Dangerous

Bulgaria's second nuclear power plant must not be built because it is too dangerous, according to the Co-Chair of the Greens EP Group, Rebeca Harms.

Business » Energy | May 28, 2010, Friday // 18:20 | Viewed: 1648

Bulgaria Seeks to Attract US Companies for Coal Seam Gas Drilling

Bulgaria is seeking US investors for coal seam gas drilling, announced Economy Minister Traicho Traikov after his meeting with Juan Verde, US Deputy Assistant Secretary of Commerce.

Business » Energy | May 28, 2010, Friday // 17:07 | Viewed: 2250

Bulgargaz Denies Conflict with Russian Gas Supply Intermediary

State-owned gas company Bulgargaz has denied being in conflict with Overgas, the major intermediary in the supply of natural gas in Bulgaria.

Business » Energy | May 28, 2010, Friday // 16:12 | Viewed: 4165

AES Eyes Enel Stake in Bulgaria Thermal Plant

AES Corp., the US power producer with operations in more than two dozen countries, is interested in acquiring Enel’s stake in the Bulgaria’s Maritsa East 3 coal-fired power plant.

Business » Energy | May 28, 2010, Friday // 12:27 | Viewed: 1761

Overgas Snubs State-Owned Bulgargaz in Contract Negotiations

Overgas is not negotiating a new contract with Bulgargaz because it considers the the State company a parasite structure, the Ovegas CEO, Sasho Donchev, told reporters Thursday.

Business » Energy | May 27, 2010, Thursday // 19:47 | Viewed: 2105

Italy's Enel Denies Interest in Bulgaira's Belene Nuclear Plant

Italy's largest energy utility Enel has denied the announcements that it has shown interest in investing in Bulgaria's second nuclear power plant Belene.

Business » Energy | May 25, 2010, Tuesday // 15:08 | Viewed: 2178
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