Energy Ministry Pondering Sale of Shares of Bulgarian Energy Holding

Business » ENERGY | January 8, 2015, Thursday // 17:12| Views: | Comments: 0
Bulgaria: Energy Ministry Pondering Sale of Shares of Bulgarian Energy Holding File photo

The sale of shares from companies of the Bulgarian Energy Holding (BEH) is foreseen in the medium term.

This is still at the stage of conception, as becomes clear from a document of the Energy Ministry, reports.

The idea for listing part of the shares of the state energy companies at the stock exchange emerged in 2009, but later faded.

The step is part of the short and long-term measures for healing of the energy sector, which has been submitted by the Energy Ministry to the State Commission for Energy and Water Regulation (DKEVR).

The Chair of DKEVR Svetla Todorova announced at a short briefing on Thursday that a decrease of the current purchase prices was not foreseen among the measures.

Todorova said that legislative measures, which will allow for the balancing of the system, have been proposed instead.

The Chair refused to reveal further details on the proposed measures, but specified that among them was considered a market-oriented model for the stimulation of energy from renewable sources and the issuing of green certificates.

Todorova revealed that the negotiations between the Energy Ministry and the US thermal power stations were expected to be finished by the end of February, which also constituted one of the measures.

She stated that the exclusion of the ineffective thermal power stations from the energy mix was foreseen.

According to Todorova, the model and legislation will be changed until the end of the year, so that the energy market in Bulgaria can be liberalised.

She added that under the current model, in which the National Electric Company (NEK) acted as a public supplier, the liberalisation of the market was impossible.

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Tags: Bulgaria, energy, BEH, NEK, shares, sale, Energy minister, DKEVR, Svetla Todorova, liberalisation, energy mix, purchase prices, renewable sources
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