The European Bank for Reconstruction and Development (EBRD) announced that it is considering to provide a 116 million euros loan to power distribution company CEZ Bulgaria, a subsidiary of Czech CEZ energy group, for the purpose of rehabilitation of electricity network. The loan will be used to finance the company’s capital investment program in the […]
Bulgarian Minister of Energy Temenuzhka Petkova dismissed the claims of alleged “backroom deals” in the recent process of obtaining bridge loan for the Bulgarian Energy Holding (BEH). Last week, opposition ABV party questioned the visit of the Ministry of Energy to Japan and the process of obtaining bridge loan for BEH, signed with a consortium […]
The European Bank for Reconstruction and Development (EBRD) is considering to support the construction of Trans-Adriatic gas pipeline (TAP) with a loan of up to 1.5 billion euros, said Ricardo Pulliti, EBRD’s Director in charge of energy. Pulitti explained that the bank is considering to approve a loan for TAP of up to 500 million […]