Business » Energy

EUR 12.3 M Gas Transmission Pipeline Opens in NE Bulgaria

A new high-pressure gas pipeline was opened in Bulgaria on Friday, linking the Danube city of Silistra to the national gas transmission network.

Business » Energy | October 9, 2015, Friday // 19:31 | Viewed: 2237

Bulgaria Not Planning to Nationalize AES, ContourGlobal TPPs, Energy Min Says

Bulgarian Energy Minister Temenuzhka Petkova has turned down a proposal by employers' organizations that potential investors should be sought to replace AES and ContourGlobal as shareholders at thermal power plants.

Business » Energy | October 8, 2015, Thursday // 22:07 | Viewed: 2569

Bulgaria’s Energoremont Holding AD Acquires Majority Stake in Electroimpeks AD

“Energoremont Holding” AD has acquired the majority stake in “Electroimpeks” AD, a company with over 50 years of international experience in the sphere of engineering services and the implementation of turnkey projects in the sphere of energy.

Business » Energy | October 7, 2015, Wednesday // 21:41 | Viewed: 1893

China's ICBC Bank Offering Loan to Bulgarian Energy Holding

The Industrial and Commercial Bank of China (ICBC) is likely to become the single company to make a binding offer th the Bulgarian Energy Holding (BEH) as the energy structure is looking for a loan of EUR 650 M to pay off debts.

Business » Energy | October 7, 2015, Wednesday // 12:06 | Viewed: 2528

Bulgaria 'Seeking to Become Hub for Russian Gas'

Bulgaria has not set for itself the goal of becoming a key hub for gas produced by Russian energy giant Gazprom, according to a Russian daily.

Business » Energy | October 6, 2015, Tuesday // 11:52 | Viewed: 2596

Bulgaria’s PM: Dobrich – Silistra Gas Pipeline Issued Final Certificate of Fitness

Bulgaria’s state-owned gas transmission system operator Bulgartransgaz EAD has been issued an act for establishment of the construction works’ fitness for operation (Act 16) for the Dobrich – Silistra gas pipeline.

Business » Energy | October 6, 2015, Tuesday // 08:45 | Viewed: 1890

Bulgaria Expects to Choose Builder of Gas Link to Romania in December

A contractor is expected to be selected in early December for the construction of a gas pipeline interconnection with Romania under the Danube river bed, Bulgaria’s Energy Minister Temenuzhka Petkova said on Friday.

Business » Energy | October 2, 2015, Friday // 18:19 | Viewed: 2456

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: 3209

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: 1824

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: 1757

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: 5375

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: 1744

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: 4197

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: 4313

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: 1544

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: 4915

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: 1648

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: 3607

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: 4311

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: 4392

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: 2649