Piraeus Bank Bulgaria to finance residential energy efficiency
The European Bank for Reconstruction and Development (EBRD) said it is providing a EUR 10 million loan complemented by technical assistance to Piraeus Bank Bulgaria (PBB). The loan is provided under the new extension of the Residential Energy Efficiency Credit Line (REECL), a framework established by the EBRD in 2005. As the partnership continues, PBB […]
Dobrudja-Burgas overhead line gets EU funding
Member states of the European Union agreed on a proposal from the European Commission to invest EUR 263 million in key trans-European energy infrastructure projects. Of the nine projects, four are in the electricity sector, with support worth EUR 53 million. The list will include the construction of a 100 kilometre electricity line between Dobrudja […]
ČEZ lauches arbitration proceedings for its investment
Bulgaria’s failure to observe the investment protection provisions of the Energy Charter Treaty was cited by ČEZ Group for its decision to file a request for arbitration with the World Bank’s International Centre for Settlement of Investment Disputes (ICSID). A number of actions of domestic authorities damaged the Czech utility’s companies in Bulgaria, causing the […]
Seraw inks contract for radioactive waste repository
Bulgarian State Enterprise Radioactive Waste SE (SERAW) said it signed a EUR 72 million contract to build a radioactive waste disposal facility for its Kozloduy nuclear power plant. It should be completed within 60 months and the repository is to be commissioned in 2021, according to the statement posted on its website. The agreement was […]
EBRD plans loan for CEZ Distribution’s grid in Bulgaria
The proceeds of a loan being considered by the European Bank for Reconstruction and Development are set to be used by CEZ Distribution (Razpredelenie) Bulgaria a.d. The target date for the final review of the senior package of EUR 116 million is September 7, the project summary document states. EBRD said the electricity distribution company […]
UBB to finance energy efficiency in homes with EBRD’s loan
The European Bank for Reconstruction and Development said it is providing a EUR 5 million loan and technical assistance to the United Bulgarian Bank (UBB) to finance investments that will improve the energy efficiency of residential buildings. The package is part of EBRD’s strategy to help the countries where it invests to address climate change […]
Public supplier turns to court for electricity debt
National Electricity Company (NEK), Bulgarian government-controlled utility, initiated arbitration and cases in commercial courts against companies EVN Elektrosnabdiavane, ČEZ Electro, and Energo-Pro Sales, which supply power to consumers. Energy minister Temenuzhka Petkova revealed information about the disputes in parliament in an answer to an opposition lawmaker, Mediapool reported. The companies are subsidiaries of Austrian EVN […]
Electricity market makes progress with imbalances
Energy companies registered improvements in the regulated and liberalized power market, with part of imbalances out of the way, Publics.bg reported. Still, there are obstacles remaining from the past, according to participants at a round table on regulated prices and energy availability. National Electricity Company (NEK), controlled by the government, is the only buyer in […]
