Business » Energy

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: 2592

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: 1576

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: 2037

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

Bulgaria's Energy Regulator Proposes 2 % Increase of Electricity Prices from July 1

A report of Bulgaria's Energy and Water Regulatory Commission (KEVR) proposes the price of electricity for end users to increase by 2 % on average from July 1.

Business » Energy | May 29, 2015, Friday // 13:48 | Viewed: 1952

Ex-PM Demands Lukoil Bulgaria's Crude Import Contracts

Former Bulgarian Prime Minister Ivan Kostov has asked the head of a Burgas-based Lukoil refinery for access to import contracts of crude oil.

Business » Energy | May 29, 2015, Friday // 06:50 | Viewed: 1779

EU Funding is Available for Bulgarian Gas Hub Construction, Minister Petkova says

Our idea for the construction of a gas hub is likely to become a reality.

Business » Energy | May 28, 2015, Thursday // 16:30 | Viewed: 1687

Lukoil Bulgaria Threatens to Sue Risk Management Lab over Damaging Allegations

Lukoil has threatened to sue the Risk Management Lab at the New Bulgarian University over a recent report stating that the Burgas-based Lukoil Neftochim refinery deprived the state budget of over BGN 1 B through inflated prices.

Business » Energy | May 28, 2015, Thursday // 08:38 | Viewed: 1966

Launch of Power Exchange Will Not Lead to 30-40% Price Spike – Watchdog Chair

It is unrealistic to suggest that electricity prices will increase by 30-40% after the launch of the electricity exchange, according to Ivan Ivanov, Chair of Bulgaria’s Commission for Energy and Water Regulation (KEVR).

Business » Energy | May 27, 2015, Wednesday // 15:47 | Viewed: 1524

OMV Interested in Using Bulgarian Pipes to Transport Romanian Gas

Austrian OMV has asked Bulgarian state-owned gas transmission operator Bulgartransgaz about opportunities to transport natural gas from Romania via Bulgarian gas pipelines, according to Georgi Gegov, CEO of Bulgartransgaz.

Business » Energy | May 27, 2015, Wednesday // 12:08 | Viewed: 2073

Macedonia Will Only Join Turkish Stream amid Agreement between Russia, EU on it - Gruevski

Macedonia will join the Turkish Stream gas pipeline project when the European Commission and Russia reach agreement on the scheme, according to Macedonian Prime Minister Nikola Gruevski.

Business » Energy | May 27, 2015, Wednesday // 10:47 | Viewed: 3516

Lukoil 'Manipulating Bulgaria Oil, Diesel Fuel Prices' - ex-PM

Lukoil Bulgaria is responsible for "artificial" prices of petrol in the country, a research team led by former PM Ivan Kostov has claimed.

Business » Energy | May 27, 2015, Wednesday // 09:24 | Viewed: 1882

Final Agreement on Bulgaria-Greece Gas Interconnector 'Delayed by Technicalities'

The signing of a final investment decision on the new Bulgaria-Greece gas grid interconnector is delayed for technical reasons, according to Energy Minister Temenuzhka Petkova.

Business » Energy | May 26, 2015, Tuesday // 13:09 | Viewed: 2334

Poor Transport, Energy Links Impede Development of SEE Countries – Plevneliev, Pusic

Bulgarian President Rosen Plevneliev and Croatia’s First Deputy Prime Minister and First Deputy Prime Minister and Minister of Foreign and European Affairs Vesna Pusic have agreed that poor transport and energy connections in Southeastern Europe are imped

Business » Energy | May 26, 2015, Tuesday // 10:15 | Viewed: 1469

Chevron Interested in Reviving Burgas-Alexandroupolis Oil Pipeline – Transneft President

US oil giant Chevron is interested in the Burgas-Alexandroupolis oil pipeline and will try to convince the Bulgarian government that it should be built, according to Nikolay Tokarev, President of Russian pipeline company Transneft.

Business » Energy | May 26, 2015, Tuesday // 08:23 | Viewed: 2676

Bulgaria’s State-Owned Maritsa East 2 TPP Reported Loss of BGN 38.6 M in 2014

Bulgaria’s state-owned thermal power plant Maritsa East 2 registered pre-tax loss of BGN 38.6 M for 2014.

Business » Energy | May 22, 2015, Friday // 17:05 | Viewed: 1278

Bulgaria Backs Idea for Gas Ring with Romania, Hungary, Slovakia

Bulgaria, Hungary, Romania and Slovakia have signed a joint declaration supporting the idea to link their countries’ gas transmission systems, Hungary’s Foreign Minister Péter Szijjártó announced on Thursday evening.

Business » Energy | May 22, 2015, Friday // 12:43 | Viewed: 1918

Bulgaria May Be Connected To Turkish Stream – Energy Committee Head

Delyan Dobrev, Chair of the parliamentary energy committee, has argued that it is very likely for Bulgaria to be connected to the Turkish Stream gas pipeline.

Business » Energy | May 20, 2015, Wednesday // 14:58 | Viewed: 2001

Lukoil CEO Urges Fight against Shadow Carbon Pricing

Lukoil's investment would secure best quality of fossil fuels on the Bulgarian market, the company's CEO Vagit Alekperov has said.

Business » Energy | May 20, 2015, Wednesday // 09:08 | Viewed: 1482