Tag: NEK

Ministry of Energy dismisses non-transparency claims – Bulgaria, 6 June 2016

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 […]

NEK settled its debt to US owned TPPs – Bulgaria, 27 May 2016

Bulgarian state-owned National Electric Company (NEK) has repaid its obligations to two US-owned thermal power plants in the amount of 587 million euros. The majority of the sum was provided through a loan which Bulgarian Energy Holding (BEH) obtained from the consortium of international banks last month, while the remaining amount came from NEK’s own […]

CPC accused Energo-Pro and NEK of dominant position abuse – Bulgaria, 25 May 2016

The Bulgarian Commission for the Protection of Competition (CPC) claims that electricity distributor Energo-Pro and National Electric Company (NEK) are violating the article 21 of the Protection of Competition Act, thus abusing their dominant market position. CPC claims that these two companies have hampered the access to NEK’s electricity distribution network through delaying the process […]