SOFIA (Bulgaria), June 7 (SeeNews) – Sales of UK-based Energy Financing Team (EFT) in Bulgaria more than tripled to 22.2 million euro ($32.4 million) last year from 6.4 million euro in 2009, the company said.
“Following a tumultuous 2009, Bulgarian energy regained some of its competitiveness in 2010 owing to the rising prices in the EU. EFT substantially increased its trading volume in Bulgaria in 2010,” EFT said in its annual report for last year posted on its website.
The group’s deliveries to the Bulgarian market reached 517,768 megawatthours (MWh) last year, up from 171,770 MWh a year ago.
EFT’s main market partners are power utility NEK, nuclear power plant Kozloduy, lead and zinc manufacturer OTZK and trading companies ATEL Bulgaria and EFG.
“The synchronisation of the [European network of transmission system operators for electricity] ENTSO-E system with the Turkish power system, the decommissioning of thermal units at Bobov Dol, Varna, Maritza 3 and Brikel, as well as the planned coming on line of AES Maritza East I will no doubt provide for another eventful year on the Bulgarian energy market in 2011,” the group said in the report.
In Southeastern Europe (SEE), EFT is active in Albania, Bosnia and Herzegovina, Bulgaria, Croatia, Kosovo, Macedonia, Montenegro, Serbia and Slovenia.
"With the economic recovery and increased activity in the industrial sector, the demand for electricity will rise in south-east Europe. We expect the regional demand to rise by 2.2% annually up to the year 2020," EFT said.
($ = 0.685 euro)
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