Business » Energy

AES Bulgaria Dismisses Suggestion of Unfair Play

AES Bulgaria, the local unit of  NYSE-listed AES Corporation has said it will provide all the necessary information to assist a possible inspection of alleged irregularities in the energy sector by the country’s Chief Prosecutor's Office as it had done in

Business » Energy | October 1, 2015, Thursday // 19:05 | Viewed: 3113

Power Distributor CEZ Bulgaria Welcomes New CEO

Karel Kral is the new CEO of power distributor CEZ Bulgaria EAD.

Business » Energy | October 1, 2015, Thursday // 13:40 | Viewed: 1721

Bulgaria’s Electricity Export Up 31.7% Y/Y in Jan-Sept

By end-September 2015, Bulgarian producers of electricity exported 8.42 million MWh, according to operational data of the Electricity System Operator (ESO).

Business » Energy | October 1, 2015, Thursday // 12:00 | Viewed: 1678

Employers’ Associations Report Irregularities in Bulgaria’s Energy Sector to Chief Prosecutor

The heads of four employers’ associations submitted tip-offs with the prosecuting authority for three types of irregularities in the energy sector.

Business » Energy | September 30, 2015, Wednesday // 16:55 | Viewed: 5093

Prices of Natural Gas, Heating in Bulgaria to Decrease from October 1

At its meeting on Wednesday, the Energy and Water Regulatory Commission (KEVR) adopted the planned increase of the prices of natural gas and heating from October 1.

Business » Energy | September 30, 2015, Wednesday // 14:05 | Viewed: 1649

Shell Awarded Oil, Gas Drilling Permit for Bulgaria’s Silistar Block 1-14

Shell Exploration and Production (LIX) B.V. has been awarded a permit for the prospection and exploration of oil and natural gas at Bulgaria’s Black Sea Silistar Block 1-14, according to an announcement of Energy Minister Temenuzhka Petkova.

Business » Energy | September 29, 2015, Tuesday // 13:49 | Viewed: 3966

Bulgaria’s Energy Exchange to Start Functioning in December at Earliest

The participants in a discussion on Bulgaria’s energy exchange agreed that legal amendments were to pave the way for a change of the model so that the full liberalization of the market was achieved by the beginning of 2016.

Business » Energy | September 29, 2015, Tuesday // 12:34 | Viewed: 3869

Bulgarian Energy Holding to Present Details about Launch of Electricity Exchange

The Bulgarian Energy Holding (BEH) will present Tuesday the possible launch date and the mechanism of functioning of the Bulgarian energy exchange.

Business » Energy | September 29, 2015, Tuesday // 10:05 | Viewed: 1483

Parliamentary Committee Deputy Chair: Power Rates Cannot Drop Thanks to System Reserves

Although businesses in Bulgaria cancelled a protest scheduled for September 30 due to an increase in electricity prices for industrial consumers, their demands for a road map for reform in the energy sector remain in place.

Business » Energy | September 28, 2015, Monday // 11:11 | Viewed: 4870

EU, Ukraine, Russia Agree on October-March Gas Supplies

Three-way talks involving the EU, Russia and Ukraine have ended with an agreement on the terms of gas supplies between October this year and March 2016, the EU Commission has said.

Business » Energy | September 26, 2015, Saturday // 11:44 | Viewed: 1629

Bulgarian Employers' Organisations Postpone Protest Against Electricity Prices

The Bulgarian employers' organisations are postponing the protest scheduled to take place on September 30 against the increase of the electricity prices.

Business » Energy | September 25, 2015, Friday // 08:54 | Viewed: 3575

Price of Natural Gas in Bulgaria to Drop by 14.26% as of October

Bulgaria’s energy watchdog has proposed a 14.

Business » Energy | September 24, 2015, Thursday // 00:07 | Viewed: 4130

Bulgaria’s Govt Is Preparing Full Energy Market Liberalization as of 2016

Bulgaria’s government is preparing the full liberalization of the energy market, which is expected to solve the financial problems of the sector and guarantee a fair price for household and industrial consumers, according to Energy Minister Temenuzhka Pet

Business » Energy | September 19, 2015, Saturday // 12:48 | Viewed: 4229

Enhancing Inter-Connectedness to Reduce Energy Prices in Balkan Countries

The prices of energy resources in all Balkan countries may drop if the national grids are connected, according to Damian Gjiknuri, President in Office of the Energy Community.

Business » Energy | September 19, 2015, Saturday // 11:29 | Viewed: 2632

Bulgaria’s Kozloduy NPP Reports 9-Month Profit of BGN 156 M

Bulgaria’s Kozloduy nuclear power plant has reported a profit of around BGN 156 M for the first nine months of the year, according to Dimitar Angelov, CEO of the N-plant.

Business » Energy | September 19, 2015, Saturday // 10:51 | Viewed: 2577

Bulgaria-Greece Link Key to Future Azeri Gas Transit to Europe, Tomislav Donchev Says

The diversification of sources and routes of Russian gas supplies to Bulgaria is vital, and in this aspect Azerbaijan can become an important partner for Bulgaria, the EU member country’s Deputy Prime Minister Tomislav Donchev has said.

Business » Energy | September 17, 2015, Thursday // 20:22 | Viewed: 2173

Bulgaria Extends Petroceltic’s Oil/Gas Exploration Permit for Galata Block

Bulgaria has extended a gas and oil exploration permit for Galata offshore block granted to Petroceltic until early September 2016, the government said on Wednesday.

Business » Energy | September 16, 2015, Wednesday // 16:25 | Viewed: 4179

Extension of Life of Unit 5 of Bulgaria’s Kozloduy NPP May Be Delayed by 1 Year

The process of extending the life of unit 5 of Bulgaria’s Kozloduy nuclear power plant may be delayed by a year, according to Bogomil Manchev, President of the Bulgarian Atomic Forum (BULATOM).

Business » Energy | September 16, 2015, Wednesday // 14:50 | Viewed: 3879

Business Representatives to Enter Company Boards of Bulgarian State-Owned Energy Firms

Representatives of the business sector will take part in the work of the company boards of all state-owned energy firms, according to a decision adopted at a meeting between Prime Minister Boyko Borisov, Energy Minister Temenuzhka Petkova, Delyan Dobrev,

Business » Energy | September 16, 2015, Wednesday // 13:06 | Viewed: 8531

Bulgaria Will Score Substantial Gain from EU Energy Union - Sefcovic

Bulgaria is among those poised to score the biggest gain from the European Energy Union in terms of energy security, improved connectedness with neighbor countries, and energy diversification, according to Maros Sefcovic, Vice President of the European Co

Business » Energy | September 15, 2015, Tuesday // 12:18 | Viewed: 4744

Control Engineering OOD To Consult Bulgaria-Serbia Gas Interconnector Project

Control Engineering OOD is to consult and conduct construction supervision activities for the Bulgaria-Serbia gas grid interconnector project, according to reports of Bulgaria’s Energy Ministry.

Business » Energy | September 15, 2015, Tuesday // 09:50 | Viewed: 4816