Tag: NEK

NEK loses arbitration with NPP Belene consultant – Bulgaria, 17 September 2018

Bulgarian state-owned National Electricity Company (NEK) has lost an arbitration lawsuit filed by WorleyParsons, a consultant for the nuclear power plant Belene project, which was awarded 31.6 million euros in damages. CEO of NEK Petar Iliev said that there was no doubt that NEK would lose the ar Full article available for subscribers of Energy […]

250 million euros collected in Electricity System Security Fund in 2017 – Bulgaria, 04 September 2018

According to Bulgarian media, 250.5 million euros has been collected in 2017 in the special Electricity System Security Fund. According to the law, the Fund collects 5 % of the monthly revenues from electricity sales to producers and importers in the country, revenues from the transmission syste Full article available for subscribers of Energy NEWS […]

NEK recorded losses in the first half of 2018 – Bulgaria, 2 August 2018

Bulgarian state-owned National Electricity Company (NEK) recorded a net loss in the amount of 37.9 million euros in the first half of 2018, compared to net profit of some 750,000 euros in the same period in 2017, mostly due to increased costs of purchasing electricity. NEK’s expenses for electricity purchases increased to 777 million euros […]