Business » Energy

Bulgaria-Greece Gas Link Deal 'Coming Early in July'

The agreement to set up an interconnector between Bulgaria and Greece is to be signed early in the coming weeks, Greek local media quote unnamed energy officials as saying.

Business » Energy | June 17, 2015, Wednesday // 11:38 | Viewed: 2233

Bulgarian Co Hired as Subcontractor to Help Repair Albania Power Plant

A Bulgarian company is now engaged in repair works at Komani, Albania's biggest hydro power plant (HPP), local reports suggest.

Business » Energy | June 17, 2015, Wednesday // 10:17 | Viewed: 2040

Bulgaria’s State-Owned Bulgargaz Posts BGN 15 M Loss in Q1, 2015

Bulgaria’s state-owned gas company Bulgargaz reported a loss of BGN 15.195 M for the first quarter of 2015, according to the financial report of the company.

Business » Energy | June 16, 2015, Tuesday // 13:20 | Viewed: 1611

Bulgarian Business Associations Oppose Upcoming Power Price Hike

Three employers’ associations have risen against an upcoming increase in electricity prices from July, warning that they will demand the resignations of the Energy Minister and the Chair of the Commission for Energy and Water Regulation (KEVR) if the voic

Business » Energy | June 15, 2015, Monday // 19:22 | Viewed: 1732

Die Presse: OMV May Be Planning 'Russian Nabucco' Gas Pipeline

The future head of Austria’s OMV Rainer Seele appears to be planning a new route for Russian gas to Europe bypassing Ukraine jointly with Gazprom, according to Austrian newspaper Die Presse.

Business » Energy | June 14, 2015, Sunday // 15:13 | Viewed: 3316

Bulgaria Is Difficult to Sidestep in Major Gas Pipeline Projects – Bulgartransgaz CEO

Georgi Gegov, CEO of state-owned gas transmission operator Bulgartransgaz, has suggested that it will not be easy for major gas pipeline projects to circumvent Bulgaria.

Business » Energy | June 11, 2015, Thursday // 13:46 | Viewed: 5922

Building New Unit at Bulgaria’s Kozloduy NPP Will Cost USD 5.3 B

The construction of a new generating unit at Bulgaria’s sole Kozloduy nuclear power plant (NPP) will cost USD 5.3 B.

Business » Energy | June 11, 2015, Thursday // 13:09 | Viewed: 3944

Bulgargaz Proposes 7% Cut in Gas Price in Q3

Bulgargaz has proposed to cut natural gas price by 7.11% in the third quarter of the year.

Business » Energy | June 10, 2015, Wednesday // 20:32 | Viewed: 3637

Sefcovic Lists Serbia-Bulgaria Gas Link Among EU’s Top Priorities

The project to build a gas interconnection between Serbia and Bulgaria is one of the European Union's top priorities, the EU energy chief  Maros Sefcovic has said.

Business » Energy | June 10, 2015, Wednesday // 20:02 | Viewed: 4032

Trade Unions Ready to Organize Strike over Funding Shortage at Bulgaria’s Maritsa Iztok Mines

Trade unions of mine workers have warned they are ready to organize a strike over the lack of funding to ensure the normal functioning of the state-owned Maritsa Iztok Mines, according to Vladimir Topalov, Chair of the miners’ federation at the Podkrepa L

Business » Energy | June 10, 2015, Wednesday // 13:47 | Viewed: 3971

Bulgaria’s Energy Watchdog to Discuss Proposals for Power Price Hikes as of July

Bulgaria’s Commission for Energy and Water Regulation (KEVR) will discuss Wednesday a proposal for an increase in electricity prices for household consumers by an average of 2% as of July.

Business » Energy | June 10, 2015, Wednesday // 08:06 | Viewed: 1801

5 Companies Vie to Consult Energy Ministry on Bulgaria-Serbia Gas Grid Interconnector

Five companies have shown interest in consulting the Energy Ministry on the Bulgaria-Serbia gas grid interconnector project.

Business » Energy | June 9, 2015, Tuesday // 13:25 | Viewed: 3698

Bulgaria to Raise Power Prices for Households by Average 2% in H2'2015

Bulgaria’s power prices for households are going to rise by 2% on average in the second half of the year under a decision approved by the country’s energy regulator, KEVR, on Monday.

Business » Energy | June 8, 2015, Monday // 20:01 | Viewed: 3490

Power Distributor Energo-Pro Files Arbitration Claim against Bulgaria over Electricity Prices

Czech company Energo-Pro, which supplies electricity to northeastern Bulgaria, has filed an arbitration claim against Bulgaria at the World Bank’s International Centre for Settlement of Investment Disputes (ICSID).

Business » Energy | June 8, 2015, Monday // 15:35 | Viewed: 3906

New Electricity Prices Will Increase Loss of Bulgaria’s National Power Co to BGN 400 M - CEO

Bulgaria’s state-owned power utility will close the year at a loss of BGN 350-400 M if the new electricity prices enter into force as of July 1, according to Petar Iliev, CEO of the National Electric Company (NEK).

Business » Energy | June 8, 2015, Monday // 11:07 | Viewed: 4112

Revenues of Bulgaria’s Kozloduy NPP to Increase by BGN 56 M after Upgrade

The revenues of Bulgaria’s Kozloduy nuclear power plant will increase by BGN 56 M after units 5 and 6 see their capacity increased by 4% to 104%, according to calculations of Nikita Hristov, senior nuclear energy expert at Risk Engineering.

Business » Energy | June 7, 2015, Sunday // 11:59 | Viewed: 1854

Slovakia Proposes to Russia Gas Pipeline Involving Bulgaria, Romania, Hungary

Slovakian Prime Minister Robert Fico presented Tuesday in Moscow a gas pipeline project involving Bulgaria, Romania, and Hungary.

Business » Energy | June 3, 2015, Wednesday // 09:52 | Viewed: 2594

Bulgarian Authorities Fine CEZ, EVN, Energo-Pro by BGN 1 M

Bulgaria's three energy distributors - CEZ, EVN, and Energo-Pro have been fined with a total of BGN 1 B on account of market abuse, as announced by the Commission on Protection of Competition.

Business » Energy | June 2, 2015, Tuesday // 15:07 | Viewed: 1800

TVEL to Deliver, Load Modernized Fuel into One Reactor of Bulgaria’s Kozloduy N-Plant

The TVEL Fuel Company, a subsidiary of ROSATOM, is to supply and load modernized fuel into one of the reactors of Bulgaria’s Kozloduy nuclear power plant in 2016, according to a senior official of the company.

Business » Energy | June 2, 2015, Tuesday // 11:43 | Viewed: 1578

Bulgaria Customs Agency Launches Inspection at Lukoil Neftochim

Customs agency head Vanyo Tanov has said authorities are now inspecting Lukoil Neftochim over accusations of price rigging hurled in a report.

Business » Energy | June 1, 2015, Monday // 09:51 | Viewed: 2039

Bulgaria’s Fuel Production, Imports Increase Substantially in March

In March 2015, the production of unleaded petrol increased by 127.4% on the month to 166 000 tonnes, according to Bulgaria’s National Statistical Institute.

Business » Energy | May 29, 2015, Friday // 17:08 | Viewed: 1603