Business » Energy

Bulgaria 'Unable to Halt South Stream Construction' - Ex-Energy Minister

Turkish Stream is unlikely to happen, in the words of former Energy Minister and current MP Delyan Dobrev.

Business » Energy | January 25, 2015, Sunday // 14:07 | Viewed: 2780

Bulgaria's State Electricity Co 'Sells Energy Below Market Prices'

State-owned National Electricity Company (NEK) is suffering losses worth millions of BGN due to "lobbyist" legislation amendments and a practice to sell electricity below market prices, a Bulgarian MP has claimed.

Business » Energy | January 25, 2015, Sunday // 12:31 | Viewed: 1448

Project Company South Stream Bulgaria AD Is Still Operational - CEO

South Stream Bulgaria AD, the company in charge of the implementation of the South Stream gas pipeline on Bulgarian territory, keeps functioning, according to Dimitar Gogov, CEO of the company.

Business » Energy | January 23, 2015, Friday // 08:51 | Viewed: 4298

Lifespan of Kozloduy NPP Units 5, 6 May Be Extended by at least 20 Years

Units 5 and 6 of the Kozloduy nuclear power plant can work for at least 20 years more than planned, according to preliminary estimates related to the life extension program for the two facilities.

Business » Energy | January 22, 2015, Thursday // 09:46 | Viewed: 1375

Life Extension of Units 5, 6 of Kozloduy NPP Proceeds as Planned- Watchdog Chair

The life extension of units 5 and 6 of the Kozloduy nuclear power plant proceeds according to plan, according to Lachezar Kostov, Chair of the Bulgarian Nuclear Regulatory Agency (BNRA).

Business » Energy | January 21, 2015, Wednesday // 13:37 | Viewed: 969

Westinghouse Voted BBLF Member

Westinghouse Electric Company has been accepted this week as full member of the Bulgarian Business Leaders Forum (BBLF) at the Board Meeting.

Business » Energy | January 20, 2015, Tuesday // 16:00 | Viewed: 984

Bulgaria Hopes to Revise Contracts with AES, ContourGlobal Units by end-March

The renegotiation of the contract terms of the Bulgarian-based US thermal power plants AES Maritza East 1 and ContourGlobal Maritsa East 3 is expected to be achieved by the end of March.

Business » Energy | January 20, 2015, Tuesday // 15:53 | Viewed: 1696

Bulgaria to Host EU 'Energy Summit' - Deputy PM Tomislav Donchev

A summit-level meeting of all EU energy ministers is to be held in Bulgaria in three weeks' time, the country's Deputy PM for EU Funds and Economic Policy Tomislav Donchev announced on Sunday.

Business » Energy | January 18, 2015, Sunday // 11:24 | Viewed: 2041

Oil and Gas Explorations at Vranino Halted, Await Court Ruling

At present no exploration works are being carried out at the Vranino field in northeastern Bulgaria, as the verdict of the Supreme Administrative Court (VAS) is awaited.

Business » Energy | January 16, 2015, Friday // 20:48 | Viewed: 1223

Working Group to Present Stance on Kozloduy NPP Unit 7 by end-March

By end-March, a working group including representatives of the Bulgarian Energy Holding (BEH), the Kozloduy nuclear power plant, and the Energy Ministry, is to come up with a stance on the project for a 7th unit of the N-plant.

Business » Energy | January 16, 2015, Friday // 08:28 | Viewed: 870

Hungarian Minister Proposes Greece-Macedonia-Serbia Gas Pipeline as South Stream Alternative

The construction of a gas pipeline from Greece via Macedonia and Serbia to Hungary would be an alternative to the cancelled South Stream project, according to Peter Szijjarto, Hungary’s Foreign Minister.

Business » Energy | January 15, 2015, Thursday // 16:52 | Viewed: 3329

Members of Bulgaria's Energy Watchdog to be Elected by Parliament

The members of the State Commission for Energy and Water Regulation (DKEVR) will be no longer elected by the Council of Ministers, but by the Bulgarian Parliament.

Business » Energy | January 15, 2015, Thursday // 15:02 | Viewed: 864

Sofia-based Heating Utility Has Run Up Debts of BGN 627 M

Heating utility Toplofikatsiya Sofia has run up debts of BGN 627 M in unpaid gas bills.

Business » Energy | January 15, 2015, Thursday // 13:09 | Viewed: 756

Sefcovic: Russia, EU To Discuss Energy Cooperation on Jan 19

EU energy chief Maros Sefcovic has said that energy cooperation between the EU and Russia would be discussed at a meeting of EU foreign ministers on January 19.

Business » Energy | January 14, 2015, Wednesday // 18:38 | Viewed: 2187

Gazprom CEO Declares South Stream Gas Pipeline Project Closed

Gazprom CEO Alexei Miller has said that the South Stream gas pipeline has been conclusively abolished and the Turkish Stream project has been put on the agenda.

Business » Energy | January 14, 2015, Wednesday // 16:52 | Viewed: 1851

Bulgarian MPs to Vote on Splitting Energy Watchdog into 2 Subsections

Bulgaria's energy regulator DKEVR could be divided into two subcommittees, one on energy and one on water, under a new bill approved at a first reading on Tuesday.

Business » Energy | January 14, 2015, Wednesday // 10:37 | Viewed: 984

Bulgaria’s Maritsa Iztok Mines Topped 2014 Production Target by 428 000 Tonnes

The Maritsa Iztok Mines (Mini Maritsa Iztok EAD), Bulgaria’s largest coal mining company, produced over 27 500 000 tonnes of coal in 2014, up by 428 000 tonnes from the business plan for the year.

Business » Energy | January 13, 2015, Tuesday // 10:15 | Viewed: 743

PM Borisov Says Bulgaria Stands Huge Chances for Gas Boom

Apart from transporting and distributing gas, Bulgaria could become an exporter of energy resources, the country's Prime Minister Boyko Borisov said after meeting EU officials on Monday.

Business » Energy | January 12, 2015, Monday // 15:34 | Viewed: 1343

Gasoline, Diesel Settle below BGN 2 per Liter after Record Price Decrease

Following a record price decrease, gasoline and diesel have reached a price tag of BGN 1.99 per liter at filling stations in Bulgaria.

Business » Energy | January 9, 2015, Friday // 13:05 | Viewed: 1278

Energy Ministry Pondering Sale of Shares of Bulgarian Energy Holding

The sale of shares from companies of the Bulgarian Energy Holding (BEH) is foreseen in the medium term.

Business » Energy | January 8, 2015, Thursday // 17:12 | Viewed: 1068

Bulgaria’s Energy Ministry, Watchdog Mull Measures to Prevent Power Price Hike in April

Svetla Todorova, Chair of Bulgaria’s State Commission for Energy and Water Regulation (DKEVR), has assured that the Energy Ministry is doing its best to adopt short-term measures aimed at preventing an increase in power rates in April.

Business » Energy | January 8, 2015, Thursday // 15:41 | Viewed: 905