Bulgaria's state power utility NEK has to pay back in full BNP Paribas-syndicated loan to avoid renegotiations at unfavorable terms, the former economy and energy minister has suggested.
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Energy | August 26, 2009, Wednesday // 14:01
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Bulgaria's state power utility NEK will have to either renegotiate BNP Paribas-syndicated loan or pay back the full amount, the economy and energy minister said on Tuesday.
The Bulgaria government may decide to liquidate insolvent steel mill Kremikovtzi or implement a healing plan, the economy minister said on Tuesday.
Dimitar Angelov, the chief engineer in charge of Reactors 5 and 6 of Bulgaria's Kozloduy NPP will be the plant's new director.
The two executive directors of the Bulgarian National Electric Company NEK, Lyubomir Velkov and Mardik Papazyan, are going to be fired by the end of the week.
Ivan Genov, the Director of Bulgaria's Kozloduy Nuclear Power Plant, has submitted his resignation following accusations of poor management by the energy minister.
Ivan Genov, the Director of Bulgaria's Kozloduy Nuclear Power Plant, confirmed Sunday his intention to resign.
The Bulgarian government of the GERB party is going to decide in September whether to go ahead with the construction of the Belene Nuclear Power Plant, or to kill the project.
Until the end of September there will be a clear idea of the fate of the Bulgarian Belene Nuclear Power Plant.
Bulgaria's is set to lose a lot of money if the GERB government terminates the country's participation in the Russian energy projects.
The Executive Director of the "Kozloduy" Nuclear Power Plant (NPP), Ivan Genov, is planning to resign from his post.
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Energy | August 19, 2009, Wednesday // 20:08
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The Serbian EFT Group has become the leading company operating at the Hungarian cross border energy trading market,
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Energy | August 19, 2009, Wednesday // 14:44
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The leader of the Bulgarian Socialist Party (BSP) and former Prime Minister spoke Tuesday during a press conference, accusing new Finance Minster, Simeon Djankov of using false data regarding the NPP.
Bulgarian electrical energy exports dropped by nearly 30% in the first six months of 2009 year-on-year.
The former Director of Bulgaria's natural gas monopoly Bulgargaz Vasil Filipov has predicted Friday that a new Russian gas crisis is looming.
RWE CEO Juergen Grossman has confirmed that the Bulgarian government will have to arrange financing for the Belene nuclear power plant for construction to go ahead.
The large-scaled Russian-sponsored energy projects on the Balkans are economically unfeasible, and the Russian leadership is well-aware of this fact.
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Energy | August 12, 2009, Wednesday // 19:35
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The state owned Bulgargaz has gave an offer to the State Commission for Energy and Water Regulation (DKEVR) for a 4,33% increase in natural gas prices in the last quarter of 2009.
Subscribers of the electrical company CEZ in the Bulgarian capital Sofia and Western Bulgaria may pay their electricity bills one every three month.
Bulgaria's President, Georgi Parvanov, warned Sunday that the Russian-sponsored South Stream gas transit pipeline might circumvent Bulgaria.
Russia may be able to influence the position of Bulgaria on large-scale international energy projects thanks to the energy deals with Turkey agreed Thursday during Putin's Ankara visit.
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