Mediapool reports that the companies from the group of the Bulgarian Energy Holding (BEH) have submitted to the Minister of Energy Andrey Zhivkov plans for their financial recovery, which envisage a reduction of their costs between 10 % and 30%. The proposals of each company are different and their plans are yet to be reviewed one by one, but the Ministry of Energy is looking for more than the suggested cost reduction.
Zhivkov did not commit to a target, but it became clear from his words that profitable companies such as NPP Kozloduy would be the most affected, while losing companies such as TPP Maritsa East 2 and the Maritsa mining complex would be the least affected. He also said that he gives tolerance to the new management of BEH to see what are its plans for managing the holding and then he will decide what to do with the boards of the BEH’s subsidiaries.
It became clear from Zhivkov`s words that a decision is about to be made on whether to change the management of NEK, ESO, TPP Maritsa East 2, Bulgargaz and Bulgartrasgaz, but stressed that for now the management of the companies is trying to be cooperative and assist the government in resolving the problems in the energy sector accumulated over the years.
Source: Mediapool