Bulgaria's BEH appoints new CEO of Kozloduy NPP

Andreev has asked to step down from the post for health reasons, BEH said in a statement.

According to the statement, Mihov has 16 years of experience at Kozloduy NPP and has worked for two years at state-run company Radioactive Waste, BEH said without elaborating.

Kozloduy NPP’s net profit grew to 169.7 million levs ($99.1 million/86.8 million euro) in the first nine months of 2018 from 101.5 million levs the year before, following a 21.8% annual increase in total revenue. The plant's gross electricity production increased by an annual 3.8% to 12,075,112 MWh in the review period. Electricity sales grew 4.1% year-on-year to 11,459,436 MWh in January-September.

BEH is the holding company for a group of Bulgarian state-owned companies which are engaged in electricity generation, supply and transmission, natural gas transmission, supply and storage and coal mining.

(1 euro = 1.95583 levs)