Contract for the construction of second unit at TPP Pljevlja signed – Montenegro, 29 September 2016

Contract for the construction of second unit at TPP Pljevlja worth 324.5 million euros between Montenegrin power utility EPCG and Czech company Skoda Praha has been signed today in Pljevlja. The signing of the contract marks the completion of a two-year period of negotiations and this will be the first major energy facility to built […]

Parliament approved financial aid to NEK – Bulgaria, 29 September 2016

The Bulgarian Parliament has approved a draft bill on granting financial for the payment of the debt of the National Electric Company (NEK). The non-refundable financial aid from the state budged will be used in order to repay the company’s debt under the arbitration ruling on NPP Belene project. The conditions for granting the aid […]

Bulgaria and Azerbaijan agreed on gas deliveries from 2020 – Bulgaria, 29 September 2016

Bulgarian Ministry of Energy announced that during the fourth intergovernmental committee held in Baku, Bulgaria and Azerbaijan agreed on Azeri gas deliveries for Balkan gas hub that will start from 2020. Deputy Minister of Energy Zhecho Stankov, who was part of the Bulgarian delegation in Baku, said that Azerbaijan is also interested in Bulgaria’s gas […]