Power Price Hike to Inject BGN 200 M into State-Owned Eclectic Co

A power price hike will help inject slightly over 200 million levs into the National Electric Company (NEK), while its losses are expected to reach 1 billion levs over the next year, according to Bulgaria’s caretaker Minister of Economy and Energy.

Vasil Shtonov, as cited by investor.bg, explained that the planned increase in electricity prices as of October 1 was part of the strategy of Bulgaria’s caretaker government for the stabilization of the energy sector.

He specified that the change of CEO of the Kozloduy Nuclear Power Plant had also been part of the measures aimed at boosting the efficiency of the management of the energy sector.