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October 13, 2015 10:22 PM ET

Electric Utilities

Company Overview of Bulgarian Energy Holding EAD

Company Overview

Bulgarian Energy Holding EAD engages in the electricity generation, supply, and transmission activities in Bulgaria. The company generates electricity through a thermal power plant, a nuclear power plant, and hydro-power plants. It supplies electricity to medium and low voltage electricity supply companies in Bulgaria; and directly to approximately 90 industrial customers, as well as exports electricity. The company is also involved in the natural gas transmission, transit, supply, and storage activities; and operation of open pit lignite coal mine that serves thermal power plants, as well as electricity exchange. In addition, it provides telecommunications services to telecommunications ope...

16, Veslets Street

Oborishte Municipality

Sofia,  1000


Founded in 1973

20,989 Employees


359 29 26 38 00


359 29 25 04 01

Key Executives for Bulgarian Energy Holding EAD

Chief Executive Officer and Executive Director
Chief Accountant
Executive Director - Mines
Compensation as of Fiscal Year 2015.

Bulgarian Energy Holding EAD Key Developments

Bulgarian Energy Holding Announces Earnings Results for the First Quarter Ended March 2015

Bulgarian Energy Holding announced earnings results for the first quarter ended March 2015. The company posted an after-tax profit of BGN 7.895 million in the three months trough March, up by 2.8% on the year.

Bulgarian Energy Holding Reports Earnings Results for the First Nine Months Ended September 2014

Bulgarian Energy Holding posted an after-tax profit of BGN 116.1 million ($74 million/EUR 59.4 million) in the first nine months ended September 2014, down 55.6% from the same period a year earlier. Revenues dropped nearly 65% to BGN 87.99 million through September, mainly as a result of lower dividend income.

CEZ Bulgaria and Bulgarian Energy Holding Mull Setting Up Project Company to Fund Varna TPP Eco Retrofit

The Bulgarian unit of CEZ and Bulgarian Energy Holding (BEH) are considering setting up a project company to finance an eco retrofit of three units of Varna thermal power plant (TPP). The new company will provide financing for the eco retrofit of Units 4, 5 and 6 of the 1,260 megawatt (MW) TPP and will rent the plant. CEZ Bulgaria, which owns Varna TPP, said it has signed with BEH an agreement for cooperation in searching for ways to extend the lifespan of the TPP. Varna TPP operates six units. Units 4 and 5 of the power plant have been off-line since January 1, 2013 and January 1, 2014, respectively, due to non-compliance with environmental limits set in the respective integrated permit. Units 1, 2, and 3 are operating under a 'derogation regime' with limited operating hours per year.

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