September 24, 2017 9:59 PM ET

Electric Utilities

Company Overview of TEC - Bobov Dol EAD

Company Overview

TEC - Bobov Dol EAD produces electricity using coal. The company was founded in 1973 and is headquartered in Bobov Dol, Bulgaria.

Golemo Selo

Bobov Dol,  2600

Bulgaria

Founded in 1973

Phone:

359 701 5 04 44

Fax:

359 701 5 05 33

Key Executives for TEC - Bobov Dol EAD

Executive Director and Director
Compensation as of Fiscal Year 2017.

TEC - Bobov Dol EAD Key Developments

TPP Bobov Dol Reports Earnings Results for the First Quarter of 2017

TPP Bobov Dol reported earnings results for the first quarter of 2017. For the quarter, the company reported net profit rose to BGN 9 million from BGN 1.9 million a year earlier. The company's total revenue rose to BGN 39.7 million in the January to March period, from BGN 30.4 million a year earlier. Company sold 559,090,717 KWh of electricity in the first quarter, 37,280,000 KWh more compared to the like period of 2016.

CEZ Reportedly Invites Candidates For Purchase Of Bulgarian Assets

CEZ, a. s. (SEP:CEZ) and CEZ Group invited four candidates interested in acquiring its assets in Bulgaria to submit binding bids and bank guarantees for their price offers, local media reported. CEZ Group assets in Bulgaria include CEZ Distribution Bulgaria AD, CEZ Electro Bulgaria AD (BUL:1CZ), CEZ Trade Bulgaria EAD and Varna Power Plant. Two of the candidates are INTERCOM GROUP, Ltd. and TEC-Bobov Dol EAD, while the other two are ENERGO- PRO a.s. and a consortium between STFA Yatirim Holding A.S. and Prista Oil Holding EAD, Capital Daily newspaper reported, citing "various sources close to the process." On May 17, 2017, CEZ Group said it has started negotiations with selected investors on the sale of its assets in Bulgaria. The company did not disclose the names of the selected companies.

TPP Bobov Dol Reports Earnings and Production Results for the First Quarter Ended March 2016

TPP Bobov Dol reported earnings and production results for the first quarter ended March 2016. For the quarter, the company reported net profit halved to BGN 1.9 million from BGN 3.74 million a year earlier. The company's total revenue dropped 24% year-on-year to BGN 30.4 million through March, with electricity sales down 29.5% to BGN 26 million on the back of lower electricity prices. The plant generated a net amount of energy of 521,810 KWh in January-March, up from 471,209 KWh a year ago.

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Recent Private Companies Transactions

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Date
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No transactions available in the past 12 months.
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