Business » Energy

UK JKX Spuds Bulgarian Wells

Britain's JKX Oil & Gas, the operator of the B1-Golitza license in Bulgaria, began on Thursday a two-well drill program in the country to test targets with an estimated resource of up to 60 billion cubic feet (Bcf).

Business » Energy | September 2, 2010, Thursday // 16:10 | Viewed: 1846

Regulations Chaos in Bulgaria Said to Repulse Renewable Energy Investors

Chaos and red tape in Bulgaria's regulations are believed to be a major obstacle to attracting large-scale foreign investments in renewable energy, according to analyst Zlatin Sarastov.

Business » Energy | September 1, 2010, Wednesday // 20:35 | Viewed: 2830

Bulgarian Power Utilities' Audits on Their Way to Prosecutor

The audits of the three Bulgarian power utilities have already been sent to the Prosecutor's Office, the Head of the State Commission for Energy and Water regulation (DKEVR), Angel Semerdzhiev, announced Tuesday.

Business » Energy | August 31, 2010, Tuesday // 16:46 | Viewed: 1553

French GDF Suez Set to Enter Bulgarian Energy Market

The Romanian affiliate of the French electricity generation and distribution company Gas de France Suez (GDF Suez) has submitted an application for a license in Bulgaria.

Business » Energy | August 31, 2010, Tuesday // 14:40 | Viewed: 1873

RWE Strikes Deal with Iraq Kurds for Nabucco

RWE Group AG, Germany's second- largest utility, announced it has signed a cooperation agreement with the Kurdistan Regional Government in Iraq, which included future gas supply for the Nabucco pipeline project.

Business » Energy | August 28, 2010, Saturday // 10:21 | Viewed: 2041

US Companies Expected to Focus on Bulgaria's Nuclear, Renewable Energy, Shale Gas

American companies are showing increased interest in various energy projects in Bulgaria, the new Bulgarian Ambassador to the USA, Elena Poptodorova told Novinite.com (Sofia News Agency) in an exclusive interview.

Business » Energy | August 27, 2010, Friday // 23:45 | Viewed: 3191

Bulgarian Energy Minister: Serbia, Others Have 'General' Interest in Belene NPP

Serbia, Greece and Croatia have an interest in investing in future Bulgarian Belene NPP "just in principle" and no specific offers have been extended this far, said Bulgarian Minister of Energy Traicho Traikov.

Business » Energy | August 27, 2010, Friday // 12:19 | Viewed: 1611

Bulgaria Ups Renewable Energy Production

Bulgaria's energy production from renewable sources by the end of 2010 will be 3 times more than the one in 2009, according to Plamen Dechev from the State Commission for Energy and Water Regulation (DKEVR)

Business » Energy | August 26, 2010, Thursday // 14:42 | Viewed: 2190

Bulgarian Economy Minister: Nuclear Plant Cost Up to EUR 9 B

Bulgaria's Economy and Energy Minister, Traicho Traikov, announced Thursday the price for the project to build a second Nuclear Power Plant in the Bulgarian Danube town if Belene has reached EUR 9 B.

Business » Energy | August 26, 2010, Thursday // 11:31 | Viewed: 37323

Sofia Unaware of Moscow Planned Meeting over Oil Pipeline

Bulgaria's finance ministry has denied Russia media reports that Bulgarian officials are expected in Moscow in September for talks on the construction of the Burgas-Alexandroupolis oil pipeline.

Business » Energy | August 25, 2010, Wednesday // 19:16 | Viewed: 1910

Toshiba to Build Solar Power Plant in Bulgaria

The Japanese company Toshiba is planning to invest in construction of solar power plants in the USA and countries in Europe, including Bulgaria.

Business » Energy | August 25, 2010, Wednesday // 13:06 | Viewed: 3026

Bulgarian Power Utility CEZ Launches Electronic Invoice Testing

The Czech-owned power utility CEZ, one of the three major electric power suppliers in Bulgaria, begins to pilot test Wednesday its new electronic invoice system.

Business » Energy | August 25, 2010, Wednesday // 12:44 | Viewed: 1444

Bulgaria's State Electric Co Faces Fines for Resort Blackouts

Bulgaria's National Electric Company (NEK) will be sanctioned for the power outages that left towns and resorts on the southern Black Sea cost in the dark, the Head of the country's energy watchdog, Angel Semerdzhiev, says.

Business » Energy | August 24, 2010, Tuesday // 16:46 | Viewed: 1551

Fallen Electric Poles in Bulgaria's Nesebar Not Dangerous

Fallen and inclined electric poles at the dump in the Bulgarian Black Sea city of Nesebar may cause fires and damp the region, the concessioner of the dump has announced.

Business » Energy | August 23, 2010, Monday // 18:45 | Viewed: 1947

Bulgaria Needs Different Sources for Gas Price Drop

The price of natural gas might drop by 16% but only if Bulgaria managed to diversify its sources, according to the Balkan and Black Sea Oil and Gas Association.

Business » Energy | August 23, 2010, Monday // 14:50 | Viewed: 1612

Nabucco to Get Gas through Georgia, Iraq

The Nabucco pipeline project has modified its gas supply concept to include two feeder pipelines leading to Turkey – one from Georgia and one from Iraq.

Business » Energy | August 23, 2010, Monday // 13:33 | Viewed: 2613

Bulgaria's Power Utility CEZ to Improve Power Supply in Sofia

The Czech-owned power utility CEZ is planning to invest more than BGN 1 M for improving the quality of power supply in the region of Sofia and in Southwestern Bulgaria.

Business » Energy | August 22, 2010, Sunday // 20:04 | Viewed: 1631

Shut-down Looms for Bulgaria's Nuclear Safety Institute

Russia will sue Bulgaria over unpaid USD 1.35 M owed for the removal of used nuclear fuel, according to Prof. Yordan Stamenov, Director of the Institute for Nuclear Research and Nuclear Energy (INRNE) at the Bulgarian Academy of Sciences.

Business » Energy | August 21, 2010, Saturday // 16:10 | Viewed: 2058

Bulgaria Eyes HSBC, Societe Generale, Rothschild for Belene N-Plant Consultant

HSBC, Societe Generale and Rothschild have been shortlisted in the tender for a financial consultant of Bulgaria's planned Belene nuclear power plant, the country's energy holding announced.

Business » Energy | August 20, 2010, Friday // 19:06 | Viewed: 3638

Major Wind Power Investment Looming for Northeastern Bulgaria

The German-Bulgarian company SRS Bulgaria will invest close to BGN 500 M to create a wind power park nearby the town of General Toshevo in northeastern Bulgaria.

Business » Energy | August 20, 2010, Friday // 15:00 | Viewed: 2648

Bulgarian Authorities, Utilities to Mull Black Sea Electricity Blackout

Bulgaria's finance minister Simeon Djankov, Burgas region governor Konstantin Grebenarov and representatives of EVN and NEK utilities are to discuss Friday the power blackouts that left towns and thousands of tourists in the dark.

Business » Energy | August 19, 2010, Thursday // 15:52 | Viewed: 1819