Business » Energy

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: 4181

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: 3759

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: 4121

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: 4083

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: 1855

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: 3748

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: 3557

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: 4074

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: 4259

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: 2102

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: 2648

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: 1946

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: 1866

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: 2192

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: 1860

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: 2012

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: 1806

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: 1716

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: 2093

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: 1568

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: 2157