Environment

Bulgaria's NEK Also Indebted to Varna Thermal Station

Varna's Thermal Power Station is still waiting for BGN 35.4 M of payments by Bulgarian State Electricity Company (NEK).

Representatives of the company managing the power station, which is part of Czech energy group CEZ (one of Bulgaria's three power distributors), announced that NEK has not paid its debts to their subsidiaries for months, Dnevnik.bg has reported.

Gas Prices to Go Down 3 to 15% in Bulgaria, Says Energy Watchdog

Natural gas prices in Bulgaria will decrease by 3 to 15%, the country's energy watchod DKEVR announced Friday.

Boyan Boev, head of the State Commisison for Energy and Water Regulation (what DKEVR stands for), said he hoped the move would push more Bulgarians to use gas, the website Expert.bg reports.

Bulgarian Minister: EU Failed in its Industrial, Energy, Social Policy

Bulgarian Economy and Energy Minister Dragomir Stoynev has declared the industrial, energy and social policy of the European Union "a total failure."

Speaking Friday in Sofia at a conference entitled "Social Alternative for Europe", he said the collapse had happened after approximately two terms in office of the rightwing European People's Party (EPP).

European Commission takes Greece to court over failure to protect sea turtles


The European Commission on Friday announced that it is taking Greece to court over its failure to impose legislation for the protection of the Caretta-caretta loggerhead sea turtle, an endangered species that is endemic to the southern Ionian Sea and which nests there.

Bulgaria to Take Part in Project for Floating LNG Terminal near Kavala

Bulgaria will participate in the construction of a floating liquefied natural gas terminal near the Greek city of Kavala in a bid to secure constant access to natural gas.

Talks on the project are to be wrapped up by end-2014, according to the authorities in Athens, as cited by the Bulgarian National Radio (BNR).

EBRD Finances Solar Project in Romania

The EBRD is loaning Spain's EDP Renovaveis, a leader in the renewable energy sector, with 20 million euro to construct and run six solar photovoltaic parks generating a total of 50MW in the southern Romanian region of Oltenia.

A parallel facility costing 10 million euro will be provided by the Black Sea Trade and Development Bank, according to a statement released on Thursday.

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