Bulgaria halts electricity exports due to miners strike.

By bne IntelliNews January 23, 2012
Economy and energy minister Traycho Traykov said Bulgaria would halt electricity exports as of 1 a.m. of January 21, 2012 to ensure secure, continuous and quality power supply to the population and the industry in the country, a note on the website of the economy ministry informs. The decision follows strike actions of the miners in the country's largest mining complex Maritsa East Mines in the southern part of the country, which started on January 15 and ended yesterday, January 22. The miners asked for annual bonuses of BGN 1,000 (EUR 511.3) per person to reward the high production results last year but in the end, the counterparties agreed on BGN 300 per person, which will cost to the mine a total of BGN 2.5mn. The company has estimated missed revenues in the amount of BGN 1.5-1.6mn per day as a result of the strike. Electricity sales to foreign entities will be resumed once the reserves of the operating power producers in the region are covered. Maritsa East Mines, part of the state-run Bulgarian Energy Holding, provide inputs to four thermo-power groups in the region (Maritsa East II, Contour Global Maritsa East III, the newly-inaugurated AES Galabovo and Brikel) with a total production capacity of above 3,300MW.

Related Articles

EC urges Bulgaria to comply with EU rules on free movement of capital.

The EC has sent a reasoned opinion to Bulgaria over failure to comply with EU rules on the free movement of capital, the EC said on its website. The privatisation act in Bulgaria introduces ... more

Govt seeks delay of antitrust rules violation procedure against Bulgaria.

Bulgaria will be seeking an extension of the court procedure filed by the EC against the country over irregularities found in the assignment of digital broadcast spectrum, transport minister ... more

Bulgarians hold EUR 100mn in deposits in Cyprus.

Bulgarian individuals and companies hold EUR 100mn in Cypriot banks according to ECB data, BTA reported quoting Reuters. The largest EU depositors in the crisis-hit country are Greece with EUR ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss