The Largest Thermal Power Plant in Kyiv Region has been Destroyed by the Russians
Amid escalating tensions, the Trypilska thermal power plant in the Kyiv region fell victim to devastating Russian strikes, leaving it in ruins
Bulgaria's Commission on Protection of Competition (CPC) has fined three companies which participated in the construction of desulphurization installations at the state-owned thermal power plant Maritsa East 2.
Consortium Idreco-Insigma, Zhejiang Zheda Insigma Group Co., Ltd, and Idreco Invest have been fined with BGN 50 000 each, according to CPC's announcement.
Consortium Idreco-Insigma won the public procuirement contract for building the desulphurisation equipment with financing from EU funds and the European Bank for Development and Reconstruction (EBRD).
French Alstom, however, complained to EU's anti-fraud office Olaf that the consortium had stolen its technology to win the tender
Alstom sued Chinese Insigma in Singapore to pay close to USD 30 M for unauthorized use of the technology.
Bulgaria's CPC has found that Consortium Idreco-Insigma, Zhejiang Zheda Insigma Group Co., Ltd and Idreco Invest have presented false data in their bids for the above mentioned tender.
According to CPC, the skewed information has allowed the opposing parties to gain an unfair advantage which affected the decision of the assignor, at the same time damaging the interests of their competitor.
If the bidders had submitted truthful documents, they would have been removed from the tender process and would not have won the contract, CPC has said.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
In a bid to enhance its energy security and diversify its gas supply sources, Bulgargaz is gearing up for the first deliveries of liquefied gas through the Alexandroupolis terminal, set to commence in May
The Greek national electricity company, PPC, has announced plans to acquire 500 megawatts of photovoltaic capacity in Bulgaria
Oil prices have surged due to renewed concerns about the Middle East conflict. Brent crude futures increased by 0.32% to 90.80 USD per barrel, while American WTI crude rose by 0.3% to 86.50 USD per barrel
Bulgaria's state-owned energy company, "Bulgargaz," has suffered a significant setback, losing 27% of its market share as a result of a contract with the Turkish company "Botas"
A remarkable shift in Bulgaria's energy landscape has been unveiled in the latest report from the Commission for Energy and Water Regulation, submitted to the Bulgarian parliament
Natural gas prices in Europe experienced a significant spike, surpassing 2% to reach 29 euros per megawatt-hour (MWh) on Monday
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022