Bulgaria's Electricity Sector with Fresh Top-Level Reshuffle
Bulgaria's Electricity System Operator (ESO) is to undergo yet another reshuffle of senior staff, according to insider sources of Nova TV.
ESO manages the electricity network in Bulgaria.
The reshuffle comes on the backdrop of a series of controversial appointments made by the Socialist-led government and just two months after the current management of the Operator was assigned.
On June 26, the Bulgarian Energy Holding, BEH, decided to replace the entire ESO management.
Deputy Economy and Energy Minister Ivan Ayolov was appointed then member of the ESO Board of Directors.
Ivo Lefterov, whose prior occupation was CEO of the National Electric Company (NEK), was appointed CEO of ESO.
ESO's BoD also welcomed Kamen Todorov, a former NEK employee.
Vladimir Inkov, who was part of the BoD of ESO and was in charge of public procurement at the Bulgarian Energy Holding (BEH), was appointed CEO of NEK.
The first reshuffle came amid a scandal over the delayed separation of ESO from NEK and potential penalties by the European Commission.
Apart from the June 26 reshuffle of senior staff at ESO and NEK, BEH bought all 66 042 523 shares of ESO from NEK for the amount of BGN 57.847 M, according to Trade Registry.
The delayed spin-off of ESO from NEK has made recent headlines with Economy and Energy Minister Dragomir Stoynev claiming that Bulgaria faces a daily fine of BGN 9000 by the European Commission over non-compliance with the June 30 deadline, and the EC coming up with a correcting statement.
The new ESA management will be listed in the Trade Registry.
- » Bulgarian MPs Mull Tax on All Types of Electricity Producers
- » Gazprom Surprised, Disappointed at EC Stance on South Stream
- » Romanians Threaten to Set Houses Ablaze in Protest against Chevron Fracking
- » Bulgaria Urges Active Dialogue between EC, Russia on South Stream
- » Bulgaria's Wind, Solar Power Producers Want New Fee Vetoed
- » EU: Bulgaria Must Re-Negotiate South Stream Deal with Russia