Business » Energy

Bulgaria's Lukoil Neftochim to Pay Hefty Fine over Gasoline Spill

Lukoil Neftochim, the Burgas-based refinery of the Russian oil giant, will have to pay BGN 100 000 (EUR 50 000) after Wednesday's gasoline spill in the areas, officials say.

Business » Energy | June 18, 2015, Thursday // 20:58 | Viewed: 3845

Power Rates Discount for Large Industrial Consumers to Cost BGN 90 M – Energy Minister

A planned discount on electricity prices for large industrial consumers will cost a total of BGN 90 M, according to Bulgaria’s Energy Minister Temenuzhka Pavlova.

Business » Energy | June 17, 2015, Wednesday // 15:19 | Viewed: 3695

Greece-Russia Political Agreement on Gas Pipeline 'Ready'

Greek Energy Minister Panagiotis Lafazanis has said that the political part of an agreement between Moscow and Athens over an extension to the so-called "Turkish Stream" pipeline is now ready to sign.

Business » Energy | June 17, 2015, Wednesday // 14:01 | Viewed: 2824

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: 2271

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: 2139

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: 1650

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: 1826

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: 3614

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: 5991

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: 4136

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: 3707

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: 4080

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: 4037

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: 1830

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: 3722

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: 3527

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: 4042

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: 4201

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: 2046

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: 2628

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: 1909