Tag: NEK

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 […]

NEK signed 19.9 million euros contract for HPPs rehabilitation – Bulgaria, 5 June 2018

Bulgarian state-owned National Electricity Company (NEK) said that it has signed a 19.9 million euros worth contract for the rehabilitation of three of its hydropower plants with a consortium comprising of the Czech company CKD Blansko, Croatian Koncar-KET and Slovenian Rudis. The statement from the company said that the contract will be partially financed with […]

Majority of companies within BEH were profitable in Q1 2018 – Bulgaria, 4 May 2018

According to recent financial reports, the majority of energy companies that operate within the state-owned Bulgarian Energy Holding (BEH) were profitable in the first quarter of the year. BEH itself announced that it recorded a net profit in the amount of 7 million euros in the first three months of 2018, compared to 4.4 million […]