Two units of state-operated Bulgarian Energy Holding (BEH) have submitted
applications for capital increases while another wants to reduce its capital
following the 200 million euro ($265 million) capital hike of BEH's joint
venture (JV) South Stream Bulgaria, local media reported on
Thursday.
Bulgaria’s sole nuclear power plant (NPP) Kozloduy has asked to
increase its capital to 165.6 million levs ($113.4 million/84.7 million euro)
from 153.8 million levs, while thermal power plant (TPP) Maritsa Iztok 2 plans
to raise its capital to 40.1 million levs from 38.5 million levs, business
portal investor.bg reported, quoting information from the commercial register
office.
Gas monopoly Bulgargaz has applied to reduce its capital to 206.2
million levs from 257.7 million levs.
The applications have not been
processed yet, according to investor.bg.
The reasons for the capital
changes have not been disclosed.
Earlier this week, South Stream
Bulgaria, a 50/50 joint venture between Russia's Gazprom and BEH in charge of
the Bulgarian section of the South Stream gas pipeline, has raised its capital
to 397.6 million levs from 15.588 million levs. The move violated a decision by
the interim government to suspend the project until it is aligned to EU
legislation.
BEH incorporates assets of Bulgaria's sole nuclear power
plant Kozloduy, gas monopoly Bulgargaz, gas transmission system operator
Bulgartransgaz, telecommunications operator Bulgartel, the National Electricity
Company, system operator Electricity System Operator, coal-fired power plant
Maritsa Iztok 2 and Mini Maritsa Iztok coal mines, as well as newly formed
Independent Bulgarian Energy Exchange and Energy Investment Company.