Producers, Associations establish National Energy Chamber
Legitimate representation and protection of the interests of the energy companies in Bulgaria are the leading priorities of the newly founded National Energy Chamber (NEC). Its establishment was officially announced during an energy event organised by Economedia in Bulgaria’s capital Sofia on March 22, Publics.bg portal reported. It groups renewable and conventional energy producers and […]
ReneSola sells two solar power projects to SWIF
Projects Nove ECO and MG Solar in Bulgaria were purchased by Solar World Invest Fund SIF (SWIF), based in Luxembourg, from ReneSola
VEC Energia acquired by Energo-Pro
The deal for the full acquisition of VEC Energia Holding EAD, the second in scale private hydropower plant operator in Bulgaria, was completed by Energo-Pro Bulgaria EAD. The shares were transferred on January 30 and Energo-Pro stepped in as the sole shareholder of VEC and the six hydropower plants, owned by the company directly and […]
High power prices may result in 100,000 job cuts
Deputy chairman of the Bulgarian Industrial Association Kamen Kolev told Bloombergtv.bg that with the current power prices, 100,000 jobs may be lost next year, citing an analysis by Ernst and Young, Standart News reported. The impact on exports will be also very serious, since the goods consume a lot of energy, said Kolev. The surge […]
Waste processing plant inaugurated near Sofia
A mechanical-biological treatment facility with a capacity of 410,000 tonnes of mixed waste per year was launched in the village of Yana in the Kremikovtsi administrative district of Bulgaria’s capital, Focus Information Agency reported. The project was carried out with the financial support of national Operational Programme Environment 2007–2013 and a EUR 33 million loan […]
Phantom energy companies drain government funds
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 […]
Svilosa paper mill investing in cogeneration
Planned power and heat generation in paper producer Svilosa AD will be able to burn biomass produced by the waste water treatment plant of the nearby town of Svishtov, on the Danube, Publics.bg reported. The Bulgarian company will invest EUR 30 million in cogeneration. The mill will also be boasting a new substation which should […]
Full liberalization at least a year away
Bulgarian households and small businesses will have the right to choose their electricity supplier freely as of July 2016 at the earliest, Ivan Ivanov, chairperson of the Energy and Water Regulatory Commission (EWRC), said earlier this month. The commission will need more time to analyse whether the full market liberalization would lead to higher electricity […]
