Business » Energy

Major Companies Find Bulgarian Black Sea Oil Bid Unattractive

Major oil companies such as Total and Anadarko did not find the bid to explore for oil in the Bulgarian Black Sea attractive, Diana Yaneva from the economy ministry told Novinite.com (Sofia News Agency).

Business » Energy | November 25, 2010, Thursday // 20:32 | Viewed: 1884

Nabucco Spokesman: Turkmenistan Natural Gas Promise 'Remarkable'

The announcement of Turkmenistan that it is ready to provide natural gas for the Nabucco gas transit pipeline is a "remarkable step," according to Christian Dolezal, Spokesperson of the Nabucco Consortium.

Business » Energy | November 25, 2010, Thursday // 18:51 | Viewed: 3702

NEK: Belene NPP to Solidify Bulgaria's Role as Electricity Exporter in 2020

The construction of Bulgaria's second nuclear power plant at Belene will make sense for the country if it gets long-term contracts for exporting electricity, according to a report of the National Electric Company NEK.

Business » Energy | November 25, 2010, Thursday // 16:08 | Viewed: 2551

Serbian Paper: Bulgaria's Belene NPP Unfavorable for Serbia

Participation in Bulgaria's second nuclear power plant at Belene will be unfeasible for Serbia, according to an article of Serbian newspaper Politika.

Business » Energy | November 25, 2010, Thursday // 15:24 | Viewed: 1386

Enel CEO: At Least 2 Bidders for Bulgaria Coal-Fired Plant

At least two bidders have declared interest in the majority stake of Italian energy giant Enel in Maritsa East 3, a Bulgarian coal-fired plant, the company's chief executive announced.

Business » Energy | November 25, 2010, Thursday // 10:34 | Viewed: 2066

Russia's Mechel Acquires Bulgarian Heating Utility

Russian mining and steel conglomerate Mechel OAO has acquired another 51% stake in the heating and power plant in the Danube town of Russe, northern Bulgaria, boosting its interest to 100%.

Business » Energy | November 25, 2010, Thursday // 09:36 | Viewed: 1297

Bulgaria Moves to 'Exclude' Nabucco Construction Funds from Budget Deficit

Bulgaria's Cabinet is Bulgaria's Cabinet is working to convince the EU that the EUR 1.3 B that the country will have to pay for the construction of the Nabucco gas transit pipeline should be counted as part of its budget deficit.

Business » Energy | November 24, 2010, Wednesday // 19:49 | Viewed: 1630

Bulgaria Assures Nabucco Consortium It Is All Up for Pipeline

Bulgaria's Foreign Minister Nikolay Mladenov has declared firm support for the realization of the Nabucco gas transit pipeline project in a meeting with management of the Nabucco Consortium in Vienna.

Business » Energy | November 24, 2010, Wednesday // 17:29 | Viewed: 1486

CEZ Power Utility Strikes Back at Bulgaria’s Energy Watchdog

Czech-owned power utility CEZ, which provides electricity to Western Bulgaria, has announced that the energy watchdog did not have the right to get involved in the company’s relations with its investors.

Business » Energy | November 24, 2010, Wednesday // 12:23 | Viewed: 1296

Serbia Confirms Interest in Bulgaria's Nuclear Plant

Serbia has officially stated its interest in becoming one of the investors in Bulgaria's project to build a second Nuclear Power Plant (NPP) in the Danube town of Belene.

Business » Energy | November 23, 2010, Tuesday // 17:22 | Viewed: 1563

Austria Shows Interest in Bulgaria's Nuclear Plant Project

Austrian companies have shown interest in taking part in the project to build a second Bulgarian Nuclear Power Plant (NPP) in the Danube town of Belene.

Business » Energy | November 23, 2010, Tuesday // 13:43 | Viewed: 1531

Bulgaria’s Energy Watchdog Plans to Fine Power Utility CEZ

Bulgaria’s State Commission for Energy and Water Regulation (DKEVR) is planning to fine Czech-owned power utility CEZ because it delayed the purchase of equipment, built by the business, for connection to the electricity transmission network.

Business » Energy | November 23, 2010, Tuesday // 12:53 | Viewed: 1302

US Company Confirms Sizeable Shale Gas Discovery in Bulgaria

Some 300 B cubic meters of shale gas are lying untapped in central northern Bulgaria, Direct Petroleum manager for Bulgaria Kolyo Tonev has confirmed for Novinite.com (Sofia News Agency).

Business » Energy | November 22, 2010, Monday // 23:14 | Viewed: 3017

Key Bulgarian Projects Seem to Be 'Off the List' for Chevron, Westinghouse

Two potentially major energy projects in Bulgaria – the Burgas-Alexandroupolis oil pipeline and new reactors at the Kozloduy NPP – appear to be "off the list" for leading US companies Chevron and Westinghouse, senior diplomats have indicated for Novinite.

Business » Energy | November 22, 2010, Monday // 17:11 | Viewed: 1591

US Ambassador: Bulgaria's Renewable Energy Law Key for AES Investment Plans

Bulgaria's renewable energy legislation needs to be harmonized with EU laws in order to attract major foreign investors such as AES, US Ambassador in Sofia James Warlick told Novinite.com (Sofia News Agency).

Business » Energy | November 22, 2010, Monday // 16:08 | Viewed: 2293

EC Admits South Stream, Nabucco Rivalry

The competition between the South Stream and the Nabucco gas pipelines was admitted by EU Energy Commissioner Guenther Oettinger.

Business » Energy | November 22, 2010, Monday // 15:32 | Viewed: 1497

Bulgaria Excited about Nabucco after Turkmenistan's Generous Offer

Bulgaria's Foreign Ministry insists on fast progress on the construction of the Nabucco gas transit pipeline after at the end of last week Turkmenistan announced it was ready to provide the project with more natural gas that it can handle.

Business » Energy | November 22, 2010, Monday // 14:56 | Viewed: 2035

Turkmenistan Says to Give EU More Gas than Nabucco Can Handle

Turkmenistan is ready to provide the EU with some 40 billion cubic meter of natural gas annually for the Nabucco gas pipeline project.

Business » Energy | November 19, 2010, Friday // 19:09 | Viewed: 1908

Inter RAO Eyes Enel's Bulgaria Coal-Fired Plant, Wind Parks - Report

Russia's state power trader Inter RAO wants to acquire not only the majority stake of Italian energy giant Enel in Maritsa East 3, a Bulgarian coal-fired plant, but also its wind parks near the Black Sea coast, according to reports.

Business » Energy | November 19, 2010, Friday // 09:57 | Viewed: 2031

Bulgaria's CEZ Faces Tough Choices over Renewable Energy Growth

Czech-owned power utility CEZ says it needs approval from the state for larger-scale investments in order to keep up with the growing number of requests for including new renewable energy plants into the power distribution network.

Business » Energy | November 18, 2010, Thursday // 18:43 | Viewed: 1435

Bulgaria Govt with New Scenario for Energy Holding Future

Bulgaria's government is considering yet another scenario how to restructure the energy holding, which groups the country's top energy assets, a member of the ruling party has announced.

Business » Energy | November 18, 2010, Thursday // 17:22 | Viewed: 1441