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 […]
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 […]