July 25, 2016 1:53 AM 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 thermal, nuclear, and hydro power plants. It supplies electricity to medium and low voltage electricity supply companies in Bulgaria; and directly to industrial customers, as well as exports electricity. The company is also involved in the natural gas transmission, supply, and storage activities; and operation of open pit lignite coal mine covering an area of 240 square kilometers and has reserves of 2,096 million tons. It sells its coal to thermal power plants. In addition, the company operates electricity exchange; and provides telec...

16, Veslets Street

Sofia,  1000

Bulgaria

Founded in 1973

21,239 Employees

Phone:

359 29 26 38 00

Fax:

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 2016.

Bulgarian Energy Holding EAD Key Developments

Bulgaria May Sell Bulgartransgaz

Bulgaria's Prime Minister Boyko Borissov said that Bulgaria may have to sell Bulgartransgaz EAD, or else face an EU infringement procedure that could cost it up to €300 million. A spokesman for European Commission said that it has not yet reached a final decision on the matter. "The Commission's antitrust investigation is ongoing. In March 2015, the Commission sent a statement of objections to Bulgarian Energy Holding, informing it of the Commission's preliminary view that BEH may have breached EU antitrust rules by hindering competitors' access to key gas infrastructures in Bulgaria," the spokesman said, adding that Bulgarian Energy Holding EAD has sent a written response to the Commission's objections.

Bulgarian Energy Holding Reports Consolidated Earnings Results for the Year 2015

Bulgarian Energy Holding reported consolidated earnings results for the year 2015. The company reported consolidated net profit of BGN 29.5 million in 2015 from a loss of BGN 277.4 million in 2014.

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.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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