CEZ in Bulgaria gets permit for EUR 1.5 million for transmission line project
CEZ Distribution Bulgaria has received a construction permit for its EUR 1.5 million project to replace the 110 kV Zenit power transmission line and partly reconstruct two substations in Sofia, the company has said in a statement, according to reports. The company will replace a 2.2-kilometer cable that supplies 96,000 households and business customers in […]
CEZ agrees to sell Bulgarian assets to Eurohold for EUR 335 million
Czech energy company CEZ Group has signed a contract today with holding company Eurohold Bulgaria for the sale of its assets in Bulgaria. Eurohold will pay EUR 335 million for CEZ’s Bulgarian assets, according to press releases from the two companies. The contract on the sale of CEZ’s assets in Bulgaria to Eurohold is subject […]
First trades in Slovenian, Bulgarian power futures registered
The European Energy Exchange (EEX) has registered the first trade in Slovenian power futures, as well as the first trade in Bulgarian power futures, according to news releases from BSP SouthPool Energy Exchange, the Slovenian power exchange, and the Independent Bulgarian Energy Exchange (IBEX). The EEX launched Slovenian, Bulgarian, and Serbian power futures on June […]
Czech energy company CEZ eyes pullout from Romania, Turkey
Czech energy company CEZ is working on divesting assets in Bulgaria but it may also pull out of other markets, including Romania, Turkey, and Poland, CEO Daniel Benes was quoted as saying in an interview with Hospodarske Noviny. In April, majority state-owned CEZ entered exclusive talks with Bulgaria’s Eurohold to sell its assets in the […]
Bulgaria to launch EUR 33 million renewables, energy efficiency, energy security program
Bulgaria is preparing to launch its Renewable Energy, Energy Efficiency and Energy Security Program, with an estimated EUR 33 million budget to finance street lighting, geothermal and hydropower utilization, energy efficiency in buildings, and other projects, the Ministry of Energy has said on its website. For the first time in the current programming period, beneficiaries […]
Bulgaria: the drive for full liberalization of the energy market and the upcoming changes
Authors: Dimitar Zwiatkow (Partner), Maria Harizanova (Associate), at Pavlov and Partners Law Firm in cooperation with CMS Reich-Rohrwig Hainz Rechtsanwälte GmbH The electricity market in Bulgaria is undergoing certain major changes, including the introduction of new rules for renewable energy producers, the abolition of the electricity export tariff, and market coupling projects, which will also affect the […]
EEX to introduce Bulgarian, Slovenian, Serbia power futures on June 3
On June 3, the European Energy Exchange (EEX) will expand its product range on the derivatives market with new power futures for the Bulgaria, Slovenia and Serbia market areas, EEX said on its website. Clearing and settlement of the new products will be carried out by European Commodity Clearing (ECC). The listing of the new […]
Bulgaria to remove electricity export tariff from July 1, take 750 MW of renewables to free market
Bulgaria’s electricity export tariff will be abolished from July 1, according to a draft proposal of changes to the energy law, the ICIS portal reported. The changes will also bring 750 MW of renewable capacity to the free market, creating more competition and liquidity. Some changes are related to how quotas for the regulated market […]