Intellinews - Bulgaria Energy Report

The IntelliNews Bulgaria Energy Sector Report offers an extensive summary of the Bulgarian energy sector, segmented into electricity, thermal, water, gas, oil and renewable energy markets. It includes a complete coverage of the latest developments, trends and corporate news, accompanied by thorough statistics and comments. This sector report is ideal to keep you abreast on recent company and industry news. Written by local professionals, it is a unique market and business intelligence analysis, tailored to save time by providing in-depth information, while helping you to make confident and informed business decisions.

Summary

Bulgaria raised electricity, natural gas and heating prices this year, with the last two increases taking place as of July 1 and October 1, 2011.

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In M&A activity, Bulgaria launched the sale of the 33% state stakes in two subsidiaries of Czech company CEZ and two subsidiaries of Austria’s EVN in Bulgaria. Austria's EVN re-confirmed its interest in acquiring 70% of the project managment company in charge of the construction of Gorna Arda. The government decided to list its minority stake in E.ON Bulgaria on the Bulgarian Stock Exchange in Q1 2011. And Enel S.p.A.’s Dutch subsidiary, Enel Investment Holding BV, has finalised the sale of the entire capital of the Netherlands–registered companies Maritsa East III Power Holding BV and Enel Maritsa O&M Holding Netherland BV, which own respectively 73% of the lignite-fuelled Maritsa East III power plant. The government announced plans for a public offering of minority stakes of Electricity System Operator (ESO) and coal-fired power plant Maritsa East II. Two acquisitions were also registered on the heating market industry reports

Alternative energy activity included plans for mainly wind and solar units, as well as cogeneration plants. Developments were observed also on the nuclear power market, where the government is seeking ways to cut costs for the Belene nuke plant that is yet to be built, as well as to expand the operating life of the existing Kozloduy. We give anupdate onthe status of works Bulgaria's three major pipeline projects – South Stream, Nabucco and Burgas-Alexandroupolis, which face significant political obstacles

ELECTRICITY TRANSMISSION AND DISTRIBUTION 3



NUCLEAR ENERGY 10

NATURAL GAS 13

CENTRAL DISTRICT HEATING 15

PIPELINE PROJECTS 16

RENEWABLE ENERGY 20

BULGARIAN ENERGY HOLDING 25

APPENDIX

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Intellinews - Bulgaria Energy Report

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