Bulgaria, BEH recorded a net profit in the amount of 1.12 billion euros in H1 2022

, SEE Energy News

State-owned Bulgarian Energy Holding (BEH) recorded a net profit in the amount of 1.12 billion euros in the first half of 2022, compared to 83 million euros profit recorded in the same period last year.

BEH’s total revenues increased by 167 % year-on- year, reaching some 5 billion euros in the first six months of the year. Its earnings before interest, taxes, depreciation and amortization (EBITDA) rose to 1.43 billion euros in the same period. On the other hand, total expenditures rose to 3.57 billion euros, compared to 1.58 billion euros in the first half of 2021.

BEH pools several state-owned energy companies, including electricity producer National Electricity Company (NEK), coal-fired thermal power plant Maritsa East 2, nuclear power plant Kozloduy, electricity transmission system operator ESO, natural gas transmission system operator Bulgartransgaz and gas supplier Bulgargaz.