Bulgaria's prosecution office seeks CEZ licence withdrawal.

By bne IntelliNews March 19, 2013
Bulgaria's prosecution office will instruct the state energy regulator to revoke the electricity distribution licence of CEZ in the country, the Prosecutor General Sotir Tsatsarov said in an interview for BTV. A number of irregularities related to electricity reporting periods have been found, Tsatsarov informed. The energy regulator officially launched a procedure to cancel the licence of CEZ in February, following mass protests in the country against high electricity bills. A number of violations were found, including failure to comply with procurement law with respect to assigning orders without holding tenders. The final decision whether or not to revoke the licence will be taken by the energy regulator on April 16.

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