From April 1: Major Job Cuts as Bulgaria’s Second-Largest Coal Plant Closes
The second-largest coal-fired power plant in Bulgaria
Bulgaria's NEK Accumulated BGN 2.9 B of Debts 2010-2014
- Tweet
Send to Kindle
DKEVR head Boyan Boev at a session of the energy watchdog held Thursday, June 26. Photo by BGNES
State-owned National Electricity Company (NEK) piled up debt worth BGN 2.9 B (EUR 1.45 B) in 2010-2014, energy watchdog DKEVR's chief Boyan Boev said Thursday.
Some BGN 1.5 B of the sum are unrefunded costs related to "public electricity supplies," Boev was quoted by website Dnevnik.bg as declaring at a session of DKEVR.
"Investment expenses" amount to BGN 1.4 B, with 694 M of them spent on the Tsankov Kamak hydroelectric power plant and 784 M from the Belene NPP.
DKEVR, the State Commission for Energy and Water Regulation, earlier announced it would give a report on the financial gaps in the energy system.
Its move comes after it declared intentions to seek reduction of electricity purchased from Maritsa Iztok-1 and ContourGlobal Maritsa East 3 TPPs.
DKEVR would also aim at curbing amounts of electricity generated by renewable sources.
Energy system has been considered to be in a dire situation for years, with some experts suggesting the government keeps electricity prices artificially low to prevent mass disgruntlement.
Related Articles:
"Democratic Bulgaria": HPP "Tsankov Kamak" has not been Working since mid-October due to an Accident
The political party "Democratic Bulgaria" reported that they received information about an accident at the "Tsankov Kamak" hydroelectric plant
Expensive Carbon Emissions Will Not Affect the Price of Electricity in Bulgaria for Now
In recent months, the price of carbon dioxide (CO2) emissions has increased significantly and is already above the forecast of the Bulgarian Energy and Water Regulatory Commission (EWRC), according to a published report.
Business | February 15, 2021, Monday // 13:58
5 Companies Confirmed their Offers for Belene NPP
All 5 companies from the shortlist of approved strategic investors for Belene NPP have confirmed their offers.
Zaharieva and Lavrov Discussed Strategic Energy Projects
In Moscow, the first diplomats of Bulgaria and Russia noted the success in developing the dialogue between the two countries this year and last year and the high-level contacts that have taken place.
Ekaterina Zaharieva Meets with Sergey Lavrov in Moscow
Today, Deputy Prime Minister Ekaterina Zaharieva and her delegation are meeting with Russian Foreign Minister Sergey Lavrov.
Bulgaria Sees Rising Fuel Prices: A95, Diesel Hit Hardest
Fuel prices in Bulgaria have risen by 2 to 5 percent over the past week, largely due to supply restrictions following the outbreak of military operations in the Middle East
Bulgaria Warned: Gasoline Could Hit €1.50 if Oil Reaches 100 Dollars per Barrel
In Bulgaria, fuel industry experts warn that if oil prices reach USD 100 per barrel, gasoline at the pump could exceed €1.50 per liter.
Bulgaria Faces Rising Fuel Prices as Middle East Conflict Pushes Costs Higher
Fuel prices in Bulgaria have already begun to climb in some areas, with gas station owners linking the increase to the escalating conflict in the Middle East
Bulgaria: 98% of High Electricity Bill Complaints Come from Households Using Electric Heating
In Bulgaria, the overwhelming majority of complaints about high electricity bills are coming from households that rely on electricity for heating, particularly through air conditioners, the Energy and Water Regulatory Commission (EWRC) reported
Bulgaria's Energy Minister: Fuel Price Hike Minimal, Gas and Electricity Supplies Stable Until April
Acting Energy Minister Traycho Traykov commented on Nova TV that the recent rise in fuel prices in Bulgaria is modest, with gasoline and diesel increasing by just three cents, reflecting crude oil quotations
Bulgaria Secures LNG at Pre-Crisis Prices Amid Middle East Turmoil
Energy Minister Traycho Traykov briefed Prime Minister Andrey Gyurov that Bulgaria has received liquefied natural gas under contracts concluded before the recent escalation in the Middle East
