Bulgaria Transfers Concession on Bobov Dol Coalfield Section to Grand Energy

Bulgaria Transfers Concession on Bobov Dol Coalfield Section to Grand Energy

Bulgaria's government said on Wednesday that it has approved the transfer of the concession rights and obligations for the Bobov Dol section of the Bobov Dol coalfield to local company Grand Energy. The rights will be transferred upon the request of their current holder - Vugledobiv Bobov Dol, the government said in a statement following its weekly meeting.The government will propose changes to the contract's clauses, which envisage expanding the scope of the bank guarantee provided by the concessionaire, in order to cover both monetary and non-monetary obligations. Vugledobiv Bobov Dol signed a 35-year concession contract for the Bobov Dol section in 2005. According to commercial register data, Grand Energy is fully owned by private individual Aleksandar Spasov. Vagledobiv Bobov Dol is a wholly-owned unit of local Vugledobivna Kompania, which in turn is fully owned by Great Britain-registered Carlington.

Previous Next
Test Caption
Test Description goes like this
Cookies Preferences
Choose Type of Cookies You Accept Using

These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.

These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.

These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.