Bulgaria: Grid operator ESO volatile financial stability

27. March 2015. / SEE Energy News

By 2020, the power grid operator has planed 35MEUR a year for infrastructure repairs and modernisation, as part of its 10-year development plan.

The Bulgarian state-owned Electricity System Operator (ESO) is in good financial condition and will declare a profit for 2014. This is due to the higher prices for transmission capacities for electricity exports from Europe, Ivan Yotov, CEO of ESO said in an interview for the Bulgarian National Radio.

The regulated electricity price sales, however, have caused some about EUR 35 m in 2014 due to the insufficient grid service tax included in the fixed prices.

By 2020, the power grid operator has planed 35MEUR a year for infrastructure repairs and modernisation, as part of its 10-year development plan.

The schedule, however does not include the planned new nuclear unit at Kozloduy NPP. Final decision on whether Bulgaria will go ahead with the envisaged 1000-megawat unit using the AP 1000 technology of U.S> company Westinghouse, should be taken by the government by the end of March.

Download as PDF :

Download PDF