In the tender process, BEH
has tried to raise funds throughA a loan or bond issue to enable its heavily indebted subsidiary National Electricity Company (NEK) to repay debt owed to the Bulgarian units of U.
Upon completion of the transaction, the Company and BEH
will each hold a 50% interest in Bridas, and will jointly make management decisions.
signed the contract with Greece's Depa and Italy's Edison on the development of the link-up on July 14, a day before a deadline for European Union funding for the project expired.
The five board members are Dimitrov's former deputy Galina Tosheva, who was appointed interim chief executive of BEH
in September 2008; Bulgargaz board member Dimitar Dimitrov; Bulgargaz chief executive Dimitar Gogov; former general secretary of the Finance Ministry Tencho Popov; and the executive director of the state-owned nuclear waste storage company Boris Pekov
Net cash flows from the financing activities of BEH
in 2014 were negative, at BGN -84.
In 1972, the BEH
subsidiary stopped using asbestos in its products, and in 1975 shut down its entire insulation plant.
is the state-owned energy operator in Bulgaria.
Such restrictions limit purchasers' freedom to choose where to resell the electricity bought from BEH
, a manufacturer of ventilation systems, acoustical ceilings and thermal insulation products, had a small product line containing about 10 percent asbestos -- asbestos that BEH
bought from Johns-Manville and the U.
Jacquelin Cohen, Executive Director of BEH
, announced Thursday that the working group had to present its conclusion on the funding of the project too.
Ex-economy and energy minister Dragomir Stoinev said that a contract between BEH
and Gazprom was in progress which would permit any Bulgarian Black Sea gas found in the future to be carried onshore via South Stream.
As regards debs of Toplofikatsiya Sofia to BEH
, talks are underway for deferred payment because the company cannot settle it in the short term,a he said, as cited by Pressa daily.