Банкеръ Weekly



Bulgaria and Romania are negotiating on Bulgaria's export of electricity to its northern neighbour, announced Vassil Anastassov, Executive Director of the National Electricity Company (NEC). Currently, we are discussing Romania's demands and are negotiating for the price levels. We talk about additional capacity here, added Mr. Anastassov.According to Bulgaria's deputy minister of energy Angel Minev, the Bulgarian-Greek company registered a few days ago in which NEC holds a 50% stake was created in a way to protect the interests of Bulgaria. Of course, the prices at which we intend to sell electricity to privileged Greek consumers will be lower than the regional prices of electricity, said the NEC director. He added that NEC is still free to sell electricity to other customers at more favourable tariffs.NEC's partners in the joint-venture Trans-Balkan Electric Power Trading are the Greek Prometheus Gas and Damco Energy which hold 25% stakes of the venture's capital.

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