7 Ambassadors to Bulgaria Express Concern over Energy Sector Measures

Business » ENERGY | July 5, 2014, Saturday // 12:00| Views: | Comments: 3
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Bulgaria: 7 Ambassadors to Bulgaria Express Concern over Energy Sector Measures Photo by BGNES

Seven ambassadors have expressed concern in a letter to the Bulgarian Parliament Speaker over restrictions proposed by the State Commission for Energy and Water Regulation (DKEVR).

The letter, signed by the ambassadors of Austria, UK, the Republic of Korea, US, France, the Czech Republic, and Japan, was submitted to Parliament on June 30, according to reports of Sega daily.

The envoys draw attention to the requirement of the energy watchdog for a reduction in the prices and quantities of electricity from renewable sources and from the two US-owned thermal power plants, AES Maritsa East 1, and ContourGlobal Maritsa East 3.

A few days ago, DKEVR sent a complaint to the European Commission, asking it to define the contracts of the National Electric Company (NEK) envisaging purchase obligations to thermal power plants AES Maritsa East 1 and ContourGlobal Maritsa East 3 as unauthorized state aid and the contracts with renewable energy producers as excessive state aid.

The ambassadors caution that measures of this kind will not solve the serious challenges which Bulgaria’s energy sector faces but will further erode the viability of the electricity system.

The diplomats point out that the watchdog proposes temporary solutions which are not a part of a strategic decision for ensuring the recovery and long-term development of the sector.

They emphasize that the measures proposed by DKEVR could have a substantial negative impact on the companies, at the same time doing damage to the banks which financed them.

The ambassadors remind that the investors signed the contracts with the Bulgarian state “in good faith and in a spirit of trust.”

In their letter to Parliament Speaker Mihail Mikov, the ambassadors offer to share the experience of their countries in the sphere of energy sector reform, adding that the issue has been a challenge for several Bulgarian governments in a row.

They also call on Parliament to refrain from amending legislation to include the proposals of DKEVR before making sure that the concerns of the business sector have been taken into consideration.

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Tags: State Commission for Energy and Water Regulation, DKEVR, NEK, National Electric Company, renewable energy, thermal power plant, state aid, European Commission, parliament Speaker, Mihail Mikov
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» To the forumComments (3)
Uncle Stalin - 7 Jul 2014 // 17:46:36

Well said, EDC. Spoken like a true Bulgarian Communist.

Gunnery Sergeant Hartman - 7 Jul 2014 // 13:35:52

Lots of villages don't have constant electric or clean water (if any water) You don't use the money given to you by the E.U to fix your shit infrastructure, instead you steal it.
When will you cock suckers understand ,it costs money to fix the infrastructure and you can't have electric at subsidized commie prices anymore

EDC - 7 Jul 2014 // 11:59:38

You just watch how QUICKLY the cost of power and water will rise once the USA and the EU get control .
Once they take over and write the contracts to suit their BANK ACCOUNTS the people of Bulgaria will be without power or clean water ,the people can not afford these luxuries of the USA .
It will be back to water from village wells and nearby springs .
The EU and USA are going to ROB this country unless the government stop them interfering and re - writing laws and contracts .

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