Bulgaria to add 647 MW in installed capacity, RES contribute with 401 MW
Bulgarian electricity transmission system operator ESO has announced its plan to add additional installed capacity of 647 MW by 2027. Renewable energy will be accounted for 401 MW. The forecast is based on ESO’s ten-year plan for the development of the electricity transmission network. This is expected to increase the country’s annual electricity production to […]
IBEX has successfully started intraday electricity market
The Independent Bulgarian Energy Exchange (IBEX) launched the intraday market (IDM) segment in Bulgaria on April 11. The minimum amount of electricity that can be traded is 100 kWh, and the price step is 10 euro cents. According to the IBEX’ statement, 20 participants already registered on this segment and they all can now submit […]
IBEX announces intraday market kick off
The Independent Bulgarian Energy Exchange (IBEX) announced the launch of the intraday market (IDM) on April 11. “On April 11 at 14:00 CET, the IDM market segment will be open for real trading with delivery after 00:00 CET on the April 12. We kindly invite all market participants that are still not registered as a […]
Bulgarian company eyeing investment in solar energy in Bosnia and Herzegovina
Bulgarian company Lada Nar is eyeing investment opportunities in the energy sector of Bosnia and Herzegovina (BH), primarily in solar energy. The Director of the Foreign Investment Promotion Agency of BH (FIPA) Goran Milinić talked to Erdinch Ramadan, representative of the Bulgarian company, and the Ambassador of BiH to Bulgaria Radomir Bogdanović about the possibilities […]
Bulgaria and Greece will soon be connected by new transmission line
A new overhead electric line will soon connect Greece and Bulgaria. This new single circuit 400kV interconnection line between the substations Maritsa East in Bulgaria and Nea Santa in Greece will be of approximately 150 km in length. According to the Bulgarian Deputy Minister of Regional Development and Public Works, Valentin Yovev a detailed development […]
Bulgarian Energy Minister resignation not accepted
Bulgarian Government decided not to accept the resignation of the Energy Minister Temenuzhka Petrova. Just a week ago she offered the resignation to Prime Minister Boyko Borisov and he accepted it. She decided to leave Bulgarian Government to prevent possible allegations about her role in the CEZ deal with Bulgarian company Inercom. Deputy Prime Minister […]
Bulgarian PM has accepted Energy Minister resignation over CEZ deal
Bulgarian Prime Minister Boyko Borisov accepted the resignation of Energy Minister Temenuzhka Petkova who decided to quit her position in order to avoid all doubts about her possible influence in the CEZ deal. Earlier last week, Czech power utility CEZ agreed to sell its Bulgarian assets to the Bulgarian company Inercom, the small family-owned business […]
BSE-Sofia takes over Bulgarian Energy Exchange
The state-owned Bulgarian stock exchange (BSE-Sofia) acquired 100% of the Independent Bulgarian Energy Exchange (IBEX) in a deal worth EUR 2.6 million. IBEX was established January 2014, as a fully-owned subsidiary of the state-owned Bulgarian Energy Holding (BEH). “EUR 2 million was paid upon the acquisition of the shares, while the remaining EUR 600.000 will […]