Renewables

Phantom energy companies drain government funds

Published

July 31, 2015

Country

Comments

comments icon

0

Share

Published:

July 31, 2015

Country:

Comments:

comments icon

0

Share

Thermal power plant operators AES and ContourGlobal, alongside renewable energy sources, will remain the primary sources in the energy mix of Bulgaria, a recent document shows.

The latest pricing changes show that AES’s Maritsa Iztok-1 and ContourGlobal’s Maritsa Iztok-3 set their share in the system at 20% and 25.2%, respectively, 3e-news.net reported. Meanwhile, according to an article by Standart News, much of the money from electricity bills is sinking into the pockets of the energy mafia, data in the report of a temporary committee on the topic show.

Renewables, the most expensive energy, which had preferential status for years, form 18.8% of the mix, news agency Novinite said in a report. State-owned Maritsa Iztok-2 thermal power plant and nuclear turbines at Kozloduy have seen a substantial decrease in their respective shares, now at 4.1% and 6.7%.

This comes, however, just after the government had explained it would take Maritsa Iztok 2 out of the regulated market. The rest is generated by heating utilities 16.3% and the hydropower plant owned by the National Electricity Company (NEK),  8.75%.

The state buys electricity at preferential prices of four photovoltaic plants, which do not exist at all and as such never received permission to operate, the article said. Another five were selling electricity for months before obtaining a permit to operate, the portal claims, citing the temporary committee’s document.

Related Articles

Montenegro landfill gas power plant entering electricity market

Montenegro’s landfill gas power plant entering electricity market

24 January 2026 - The first landfill gas power plant in the Western Balkans is in test operation, at the Možura landfill in Montenegro

montenegro epcg vigoris shpp otilovici dragas visnjic

Montenegro’s EPCG signs contract for Otilovići small hydropower plant

23 January 2026 - The contract, worth EUR 6.8 million excluding VAT, was concluded following an open tender, according to the announcement

slovenia solar power plant highway dars kumer ribic

Slovenia opens its first highway solar power plant

23 January 2026 - Slovenia’s road management firm DARS installed a solar power plant on a noise barrier at a highway, the first of its kind in the country

Turkey first large solar BESS power plant inaugurated

Turkey’s first large solar-BESS power plant inaugurated

23 January 2026 - Oze Grup has built a 49 MW photovoltaic facility with a 34 MWh battery storage system. It is the first such hybrid power plant in Turkey.