Browsing: NEK

Bulgarian state-owned power utility, the National Electricity Company (NEK), plans to install a 10 MWh battery energy storage system (BESS) at its recently reconstructed Vacha 1…

The National Electricity Company (NEK) has initiated a tender for the supply and replacement of generators, turbines, and auxiliary systems at the Chaira pump-storage hydropower plant.…

The Parliamentary Energy Committee on Wednesday rejected a draft decision proposed by the Bulgarian Socialist Party (BSP) to halt negotiations and actions concerning the sale of…

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

The European Investment Bank and Bulgaria’s national electricity company (NEK) signed an agreement for consultancy assistance in the preparation of a feasibility study for the implementation…

Deputies of the Energy Committee have decided to postpone the wholesale electricity market liberalization for one year until June 30, 2025. The deadline for the liberalization…

Revenues of BGN 2.609 billion (1.3 billion euros) will be collected in the Electricity System Security Fund in 2024. The Fund’s budget was approved at a…

The thermal power plant ContourGlobal Maritsa East 3 – one of the two so-called American power plants – has ceased operations. The reason is the expiry…

National Electricity Company (NEK) has completed the overhaul of the pump-storage hydropower plant Belmeken in which it invested nearly 10 million euros, the Bulgarian Government said…

The Bulgarian Government expects the Electricity System Security Fund to receive revenues of around 2.1 billion euros in 2023. Over 1.3 billion euros will come from…