Renewables

Phantom energy companies drain government funds

Published

July 31, 2015

Country

Comments

comments icon

0

Share

Published:

July 31, 2015

Country:

Comments:

comments icon

0

Share

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 an article by Standart News, much of the money from electricity bills is sinking into the pockets of the energy mafia, data in the report of a temporary committee on the topic show.

Renewables, the most expensive energy, which had preferential status for years, form 18.8% of the mix, news agency Novinite said in a report. State-owned Maritsa Iztok-2 thermal power plant and nuclear turbines at Kozloduy have seen a substantial decrease in their respective shares, now at 4.1% and 6.7%.

This comes, however, just after the government had explained it would take Maritsa Iztok 2 out of the regulated market. The rest is generated by heating utilities 16.3% and the hydropower plant owned by the National Electricity Company (NEK),  8.75%.

The state buys electricity at preferential prices of four photovoltaic plants, which do not exist at all and as such never received permission to operate, the article said. Another five were selling electricity for months before obtaining a permit to operate, the portal claims, citing the temporary committee’s document.

Related Articles

Nordex Group launches blade manufacturing in Turkey

Nordex Group launches blade manufacturing in Turkey

25 May 2026 - Nordex Group started production of wind turbine blades in Menemen in western Turkey, counting on growing demand for high-efficiency onshore turbines

Maglizh solar bess hybrid bulgaria

Bulgaria’s 161 MW Maglizh solar plant with BESS officially opened

25 May 2026 - Hybrid photovoltaic power plant Maglizh has officially launched operations following the installation of a 72 MWh BESS

Allison Le Corre, Achieving Europe’s independence through locally produced homegrown energy

Achieving Europe’s independence through locally produced homegrown energy

25 May 2026 - Author: Allison Le Corre, communications manager of EU Covenant of Mayors initiative, a EUSEW partner...

serbia eu region bef 2026 grid flexibility panel

Renewable energy ambitions must include ways to ensure grid integration

22 May 2026 - Market participants in the region have differing views of the current state of the grid, according to a panel held at Belgrade Energy Forum 2026