Bulgaria's Energy Watchdog Head Predicts 10-15% Drop of Gas Prices
The head of the Bulgarian State Commission for Energy and Water Regulation (DKEVR) has announced that the price for natural gas may drop by 10-15% from October.
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Business » Energy
EVN Power Utility Rebuts Bulgarian Audit Results
The Austrian-owned power utility EVN had submitted written objections to the conclusions of the report of the Bulgarian State Commission for Energy and Water Regulation (DKEVR).
Minister Hopes to Start Nabucco with Bulgaria-Turkey Pipe in 1 Year
The start of the EU-sponsored gas transit pipeline Nabucco should be given with the construction of of a gas network connection between Bulgaria and Turkey within one year, according to Economy Minister Traikov.
Bulgarian Govt to Go for Expanding Kozloduy NPP If Belene Fails
Bulgaria is definitely going to expand its nuclear energy capacity even if the construction of the Belene NPP fails, Economy Minister Traicho Traikov has declared.
Bulgaria to Receive Green Energy Funding from Norway
Norway will give Bulgaria financial support for projects focused mostly on environment and energy efficiency issues.
Energy Minister: AES Wants to Alter Bulgarian Legislation
American energy company AES is intentionally protracting its project for building a solar power plant near Silistra, because it wants changes introduced in Bulgaria's law on renewable energy, said Minister of Energy Traicho Traikov.
Bulgaria, EVN Yet to Share Out Stakes in Hydro Project - Min
Bulgaria's economy minister has tried to assuage opposition fears over a deal that granted Austrian utility EVN a majority stake in a hydro project on the Arda river, known as Gorna Arda.
EU Spokesperson: South Stream Cannot Be EU Priority
The South Stream gas pipeline project cannot possibly become a priority project for the European Union said Friday Marlene Holzner, spokesperson for EU Energy Commissioner Günther Oettinger.
Bulgaria Socialists Alarmed over EVN Stake in Hydro Project
Bulgaria's former prime minister and Socialist leader Sergey Stanishev has slammed an agreement under which the Austrian utility EVN got a majority stake in Bulgaria hydro project on the Arda river, known as Gorna Arda.
Fitch Puts Bulgaria's Petrol on Rating Watch Negative
International credit agency Fitch has placed Bulgaria-based fuel distributor Petrol AD's Long-term Issuer Default Rating (IDR) of 'CC' on Rating Watch Negative (RWN).
Ex Bulgarian Energy Minister Escapes Prosecution
Bulgaria's former Energy Minister, Rumen Ovcharov, will not be probed by the Sofia City Appellate Prosecutor's Office over the annexes to the gas contracts signed with Russia in 2006.
Bulgaria Pressed to Fork Out EUR 67 M by End-2010 for N-Plant
Bulgaria must pay by the end of the year an installment of EUR 67 M for its second nuclear power plant project, which has stalled over lack of a new investor and funding, a deputy minister has said.
Melrose Finds New Natural Gas Deposits in Bulgaria
Natural gas prices in Bulgaria will go down in the fall of 2010 as a result of extraction from three new deposits discovered by UK-based company Melrose resources.
AES Plans to Construct USD 400 M Solar Power Plant in Bulgaria
AES Corp., the U.S. power producer with operations in more than two dozen countries, is keen on constructing in Bulgaria a USD 400 M solar power plant with a capacity of 80 megawatts, the American ambassador in Sofia announced.
Ex PM: Borisov Govt Stalls Burgas-Alexandroupolis Pipeline
Bulgaria is going to have to pay penalties of about EUR 0.5 B if it gives up and thus kills the Burgas-Alexandroupolis oil pipeline project, according to former PM Sergey Stanishev.
Czech Power Utility to Invest BGN 2 M in Renovation
The Czech-owned electric power utility CEZ will invest BGN 1 936 000 M in renovation of the "Metro"subfeeder, which provides electricity to the northwestern region of the Bulgaria's capital.
Bulgarian Energy Watchdog Joins Coastal Blackout Probe
The Bulgarian State Commission for Energy and Water Regulation (DKEVR) is joining the probe of the causes of the power outage that left thousands along the country's Black Sea coast without electricity.
Greek PM Vows Strong Support for Burgas-Alexandroupolis Pipe
Greek PM George Papandreou, who is on an official visit to Bulgaria, reiterated Greece's strong commitment to the completion of projected Burgas-Alexandroupolis oil pipeline.
Bulgarian Court Fines Austrian Utility EVN
Bulgaria's Supreme Administrative Court has confirmed the decision of the Competition Protection Commission to fine the Austrian utility EVN for an alleged abuse of its dominant position on the electricity market.
China Development Bank to Help Serbia Invest in Belene NPP - Report
The China Development Bank has expressed interest in financing Serbia's investment participation in Bulgaria's Belene NPP project, reported Serbian news agency Blic Monday.
Bulgaria's FBI to Probe Black Sea Coast Power Outage
Bulgaria's police and State Agency for National Security (DANS) are to probe the power outage that left thousands along the country's Black Sea coast without electricity.
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