Tag: Maritsa East 2

TPP Maritsa East 2 rescue bill reached 500 million euros – Bulgaria, 25 May 2020

Bulgaria continues to invest huge amounts in financially troubled coal-fired thermal power plant Marica East 2, and the rescue bill is already reaching close to 500 million euros. Last week, Bulgarian Energy Holding (BEH) bought the necessary greenhouse gas emission quotas for 2019 on behalf of Full article available for subscribers of Energy NEWS service […]

Lukoil Bulgaria could suspend operation due to legislative changes – Bulgaria, 08 May 2020

General Manager of Bulgarian subsidiary of Russian oil company Lukoil Bulat Subaev said that the company could suspend operation due to proposed legislative changes requiring it to split its single tax warehouse into separate regional units. Subaev said that given the deadlines, the amount of wor Full article available for subscribers of Energy NEWS service (PDF publications, energy […]

Benefits from lower gas prices will be used for TPP Maritsa East 2 subsidies – Bulgaria, 03 April 2020

Bulgarian Commission for Energy and Water Regulation (KEVR) has reduced wholesale natural gas price by 42.78 % from 1 April, while maintaining the price of electricity. A drop in natural gas prices by over 40 % from 1 April will not affect electricity bills. Specifically, the savings of around 51 Full article available for subscribers […]