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Bulgaria: The loss of state-owned coal mine to exceed 100 million euros in 2024

The expected loss for the state-owned Maritsa East Mining Company is projected to surpass BGN 200 million (around 100 million euros) in 2024, an...

Bulgaria: The price of balancing energy is extremely high

The price of balancing electricity on the Bulgarian wholesale market is very high, Dr Dimitar Beleliev, Chairman of the Management Board of the Bulgarian...

Bulgaria: BEH to buy a 20% stake in the project for the Green Energy Corridor from Azerbaijan to Europe

Bulgarian government approved the participation of the Bulgarian Energy Holding (BEH) and/or member companies of the group in a joint venture for building the...

Bulgaria: Acquisition of Sofia Heating Utility’s Debts to Bulgargaz, Bulgarian Energy Holding suspended

Bulgarian caretaker government has annulled a decree and decisions with which the State, acting through the Energy Minister, was to acquire debts of Toplofikatsia Sofia to...

Bulgaria: Parlament approved funding fo NPP Kozloduy’s expansion

The Bulgarian parliament approved a government proposal to inject up to 1.5 billion levs (767 million euro) in Kozloduy nuclear power plant, in order...

Bulgaria: EU Court overturned EC decision on 77 million euros fine for BEH

The General Court of the EU overturned the European Commission's decision to fine Bulgarian Energy Holding 77 million euros for violating competition rules. According to...

Latest news

Slovenia net generation down 13% in August as imports increase

Slovenia’s net electricity generation fell 13% year on year in August to 919 GWh. Production was also 7% lower than in July. The month’s...

Serbia launches $600 million gas network modernisation with World Bank support

Serbia has secured a $600 million World Bank framework for a gas-system overhaul. The programme is planned as a decade-long modernisation of Serbia’s gas...

Bulgargaz obtains 10-year wholesale gas licence for Serbia

Bulgargaz, the Bulgarian state-owned gas supplier, has secured a 10-year wholesale gas licence in Serbia. The permit authorises the company to conduct commercial gas...

North Macedonia generation drops 22% in July as renewables rise

North Macedonia’s gross electricity generation declined 22.3% year on year to 460,035 MWh in July, even as hydro and wind output increased. The month’s...

MVM begins foundations for 1 GW combined-cycle plant at Tiszaujvaros

Hungarian state-owned utility MVM has started foundation work on a new 1,000 MW combined-cycle gas-fired power plant at the former Tisza II site in...