Project for hydropower system’s rehabilitation
Natsionalna elektricheska kompania EAD (NEK EAD) intends to use the proceeds of the grant funds provided by the Kozloduy International Decommissioning Support Fund (KIDSF), administered by the European Bank for Reconstruction and Development under a grant agreement, and its own financial sources towards the cost of the project for the rehabilitation of hydropower system capacities, […]
Bulgaria reluctant to join regional auction platform
Plans to create a single European cross-border capacity auction platform is holding back the Bulgarian transmission system operator from joining the regional platform. This is despite the fact a joint European auction platform might only be operational by 2019, petrochemical market information provider ICIS reported. At a recent industry event, Victoria Popovska, head of the […]
Nord Pool Spot to run national electric power exchange
State-owned Independent Bulgarian Energy Exchange (IBEX) said on April 22 it signed a cooperation agreement with Europe’s leading power market Nord Pool Spot aimed at setting up and running Bulgaria’s first day-ahead power exchange, Novinite.com reported. The exchange is planned to start operations by the end of the year, with plans for an intraday market […]
Significant rise in number of electric vehicles, hybrids
The number of electric vehicles in Bulgaria has grown 36%, to a total of 497 between 2012 and 2014, a report on the progress of Bulgaria’s national plan for eco-friendly mobility found. Meanwhile, hybrid vehicles were even more popular, as their number increased with 61%, to 1,031 in total. The report attributes growth to tax […]
Gabrovo opens energy efficiency projects tender
The Municipality of Gabrovo has opened a tender for design of work projects, part of an energy efficiency programme, with an estimated value of BGN 2 million (EUR 1.02 million), a notice published in the EU’s procurement journal indicated, SeeNews reported. The value of the contract does not include value-added tax. Works should be completed […]
Bulgaria’s Solarpro Holding turns to net loss in 2014
Bulgarian provider of products and services for the solar industry Solarpro Holding said it turned to net loss of BGN 993,000 (EUR 507,700) in 2014 from net profit of BGN 57,000 a year earlier, reported SeeNews portal. The company’s revenues grew to BGN 3.9 million in 2014 from BGN 2.6 million in 2013, it said […]
Bulgaria’s wind power capacity installed in 2014 at 10.1 MW
Wind farms with a total capacity of 10.1 MW were installed in Bulgaria in 2014, according to the annual Wind Energy Barometer report of EurObserv’ER, reported Bulgarian portal Novinite.com. EurObserv’ER is a consortium dedicated to the monitoring of the development of the various sectors of renewable energies in the European Union. The EurObserv’ER Barometers Project […]
Saint Nikola wind farm output tops 1.54 million MWh since launch
The Saint Nikola wind farm near Kavarna, in northeastern Bulgaria, has produced more than 1.54 million MWh of electricity in its five years of operations, US-based AES, which operates the plant, said, SeeNews reported. Through its operation, the wind park has saved more than 1.2 million tonnes of carbon emissions, AES said in a press […]
