Business » Energy

Power of Siberia Pipeline Construction Kicks Off

Russian President Vladimir Putin has attended a ceremony to mark the first weld of the Power of Siberia held Monday.

Business » Energy | September 1, 2014, Monday // 15:36 | Viewed: 1215

Less than 5% of Bulgaria's Gas Needs Covered by Local Production

Less than 5% of natural gas consumption in Bulgaria is provided through domestic production, according to data of state-owned gas company Bulgargaz for H1, 2014.

Business » Energy | September 1, 2014, Monday // 09:40 | Viewed: 851

Bulgarian Energy Holding, CEZ, to Discuss Varna TPP Life Extension

The Bulgarian Energy Holding (BEH) and power distributor CEZ have signed a memorandum of cooperation on searching technical and economic solutions to extend the life of the Varna Thermal Power Plant.

Business » Energy | August 31, 2014, Sunday // 13:23 | Viewed: 1085

Coal Miners Protest Decision for Early Suspension of Bobov Dol TPP Unit

Five coal mining companies in Bulgaria are directly affected by the decision of the Ministry of Environment and Water to stop one of the units of the Bobov Dol Thermal Power Plant, according to trade unionists.

Business » Energy | August 29, 2014, Friday // 15:52 | Viewed: 1060

EU Commissioner: Russia Must Guarantee Gas Supplies, Ukraine Secure Transit

Russia, EU and Ukraine will renew gas talks soon and the concrete date will be set next week, according to EU Energy Commissioner Gunther Oettinger.

Business » Energy | August 29, 2014, Friday // 14:45 | Viewed: 1047

Power Price Hike as of October 1 in Bulgaria Is Inevitable – Watchdog Member

A power price hike as of October 1 is unavoidable, according to Elenko Bozhkov, member of Bulgaria's State Commission for Energy and Water Regulation (DKEVR).

Business » Energy | August 29, 2014, Friday // 10:54 | Viewed: 1836

Bulgaria's Energy Watchdog Head, One Deputy Resign

The head of Bulgaria's energy watchdog DKEVR, Boyan Boev, and one of his deputies, Lilia Mladenova, resign, said the Energy Ministry.

Business » Energy | August 28, 2014, Thursday // 20:33 | Viewed: 981

Europe to Rely Heavily on Russian Gas Until 2020 at Least, Fitch Says

Europe will remain heavily dependent on Russian gas supplies for at least the end of this decade and “potentially much longer”, Fitch Ratings has said.

Business » Energy | August 27, 2014, Wednesday // 15:54 | Viewed: 1334

Bulgaria Decides to Set up Energy Board

Bulgaria Decides to Set up Energy Board Bulgaria’s caretaker cabinet on Wednesday decided to set up Energy Board to step up reforms in the energy sector with the aim of boosting its transparency and market efficiency.

Business » Energy | August 27, 2014, Wednesday // 15:15 | Viewed: 1334

NEK Hikes Power Prices For Some Companies

Bulgaria's National Electricity Company (NEK) hikes the prices for companies who buy electricity from the end-user EDCs by 16%, according to an announcement on NEK's website.

Business » Energy | August 27, 2014, Wednesday // 09:01 | Viewed: 912

Russia Energy Minister, EU Energy Commissioner to Discuss South Stream

Russian Energy Minister Alexander Novak and EU Energy Commissioner Guenther Oettinger will meet in Moscow on August 29, Russia's Energy Ministry said.

Business » Energy | August 26, 2014, Tuesday // 15:07 | Viewed: 2843

Power Rate Hike Will Not Affect Big Enterprises in Bulgaria – Expert

The Chair of the Bulgarian Federation of Industrial Energy Consumers has said that a potential power price hike will not affect big enterprises due to the competitive environment.

Business » Energy | August 25, 2014, Monday // 09:38 | Viewed: 947

Bulgarian Energy Holding 'Awaiting BGN 1.45 B' from Subsidiaries

State-owned Bulgarian Energy Holding (BEH) has to collect a total of BGN 1.45 B of trade receivables and loans it has given out to filian companies, its interim 2014 report says.

Business » Energy | August 22, 2014, Friday // 10:17 | Viewed: 1685

Oettinger Pledges Full Support for Bulgaria's Energy Board

EU Energy Commissioner Gunther Oettinger has told Deputy Prime Minister Ekaterina Zaharieva he entirely supports the establishment of an energy board in the country.

Business » Energy | August 20, 2014, Wednesday // 16:37 | Viewed: 1472

South Stream Bulgaria Halts Commissioning Activities

South Stream Bulgaria has announced it will suspended all public procurement activities and will not sign contracts related to the South Stream gas pipeline.

Business » Energy | August 20, 2014, Wednesday // 09:58 | Viewed: 1381

Bulgaria's Energy Board to Start Functioning in а Week

Bulgaria's energy board is to be structured by the end of next week, according to Ekaterina Zaharieva, caretaker Deputy Prime Minister.

Business » Energy | August 19, 2014, Tuesday // 12:57 | Viewed: 1654

South Stream Bulgaria JV Raises Capital Despite Ban

The South Stream Bulgaria project company has increased its capital in defiance of orders to the contrary issued by caretaker energy minister Vasil Shtonov.

Business » Energy | August 19, 2014, Tuesday // 11:48 | Viewed: 1720

Bulgarian Miners Urge Caretaker PM to Lift Shale Gas Ban

Bulgarian miners have asked caretaker Prime Minister Georgi Bliznashki to lift the ban on shale gas extraction through hydraulic fracturing.

Business » Energy | August 18, 2014, Monday // 17:04 | Viewed: 1082

Bulgaria Plans Pricing Talks with Green Energy Producers, Maritza East

Bulgaria will launch talks with green energy producers and power stations Maritsa Iztok 1 and 3 to draft a new model for setting electricity prices, a cabinet minister has said.

Business » Energy | August 18, 2014, Monday // 15:09 | Viewed: 1375

Ex PM: Socialist-Led Govt Had to Address Energy Collapse in mid-2013

Former Bulgarian Prime Minister Plamen Oresharski has insisted that the previous socialist-led government paid special attention to the energy sector.

Business » Energy | August 18, 2014, Monday // 13:46 | Viewed: 874

Electricity Price Hike Inevitable Warn Experts

The hike of electricity prices, in a sense, is inevitable, the ex-deputy chair of the parliamentary energy committee Yavor Koyumdzhiev told the Nova TV national channel.

Business » Energy | August 16, 2014, Saturday // 12:23 | Viewed: 2133