Massive hike in electricity prices prompts state measures in Bulgaria
Three subsidiaries of state-owned power utility Bulgarian Energy Holding EAD (BEH) will provide an additional amount of electricity on the day-ahead market (DAM) of the Independent Bulgarian Energy Exchange (IBEX) in order to stabilize the market. According to local media, the DAM prices increased 50% in December 2018 compared to December 2017, skyrocketing 200% year-on-year in […]
Fines for sale of low-quality solid fuels for households come into effect
Bulgaria has introduced fines for the sale of low-quality solid fuels for household heating. The fines have been introduced under changes to the Law on Clean Atmospheric Air, which came into effect a few days ago, with fine amounts ranging from BGN 100 to BGN 50,000, the Bulgarian media reported. Fines for selling low-quality firewood […]
Recycling firm Integra Plastics building EUR 40 million plant
Bulgarian polyolefin recycling company Integra Plastics has started building a EUR 40 million plant in the town of Elin Pelin, on the outskirts of the capital Sofia. Integra CEO Julian Belev said in an interview with Bloomberg TV Bulgaria that the plant is expected to open in February 2019 and employ 85 highly qualified members […]
RDF-burning CHP plant project given go-ahead
The Bulgarian government has given the green light to the managing authority of Operational Programme Environment, part of the Ministry of Environment and Water, to sign an administrative agreement on financial assistance with the Sofia municipality and district heating operator Toplofikacia Sofia for the construction of a combined heat and power (CHP) plant utilizing refuse […]
EEX, IBEX to launch Bulgarian power futures
Germany’s European Energy Exchange (EEX) and the Independent Bulgarian Energy Exchange (IBEX) have signed an agreement on cooperation in the Bulgarian power market. As part of the cooperation and subject to the approval of the relevant authorities, EEX will list Euro-denominated and financially settled Base Week, Month, Quarter and Year Futures for the Bulgarian market, […]
President Rumen Radev vetoes higher taxes for older cars sought over air pollution
Bulgarian President Rumen Radev has vetoed changes to the corporate income tax law introducing higher taxes on older cars in a push to tackle air pollution in the country. According to the presidential office’s press release, higher levies would not have the desired environmental impact. In 2017, Bulgaria was the first country to be sentenced […]
Resalta implements one of largest, newest energy monitoring systems in Bulgaria for Serdika Center
Slovenia-based Resalta, a leading energy service company (ESCO) in South-East Europe (SEE), has recently completed a project for Serdika Center in Sofia, one of the largest shopping malls in Bulgaria. Resalta has modernized the center’s energy monitoring system, significantly improving Serdika’s ability to control its energy consumption, the ESCO said in a press release. Serdika […]
Sofia to deploy 15 electric buses in 2019 as it secures EUR 7.35 million loan from EBRD, GESF
The European Bank for Reconstruction and Development (EBRD) and the Green Energy Special Fund (GESF) have approved a EUR 7.35 million loan to Sofia Electrical Transport Company (SETC) for the first phase of the modernization of Sofia’s bus fleet through the acquisition of up to 15 low-floor electric buses with fast-charging technology and six charging […]