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 […]
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 […]