Net Exporter: Southeast Europe Relies on Bulgaria for Stable Energy Supply
Bulgaria continues to assert itself as a net exporter of electricity and a key stabilizer in the energy network of Southeast Europe
Bulgaria Draws Hefty Dividend from EVN Power Utility
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Parts of the investments made by Austrian-owned power supplier EVN are improving customer service. Photo by BGNES
The Bulgarian State will draw a BGN 1.65 M dividend for 2009 from the power utility EVN, the company informs Wednesday.
The amount was voted during the shareholders meeting. It represents 10% of the profits of the utility, which serves southeastern Bulgaria. The other 90% of the BGN 50 M profit will be reinvested in the company's network, as it has been done for the 5 years after it entered the Bulgarian market, when the utilities were privatized.
The Bulgarian State owns 33% of the EVN shares in the country.
EVN had invested in 5 years BGN 600 M for repairs of the electric power supply network and customer service. Its investment program provides for a total of BGN 180 M in Bulgaria's energy sector in the next few years.
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