NEK EAD

Natsionalna Elektricheska Kompania NEK
IndustryElectricity
Founded1991 (1991)
Headquarters
Sofia
,
Bulgaria
Key people
Georgi Dobrev (CEO)
Productsgeneration and trade of electricity
RevenueUS$1.5 billion (2006)
−354,000 Bulgarian lev (2022) Edit this on Wikidata
Total assets5,649,000,000 Bulgarian lev (2022) Edit this on Wikidata
OwnerBulgarian Energy Holding
Number of employees
15,000 (2006)
ParentBulgarian Energy Holding
SubsidiariesHPP Branch, Dams and Cascades Branch
Websitewww.nek.bg

Natsionalna Elektricheska Kompania EAD (NEK) (Bulgarian: Национална електрическа компания ЕАД) is a single-owned joint-stock electric company headquartered in Sofia, Bulgaria. Bulgarian Energy Holding is the holder of the capital of NEK.

The main company's activities are generation and trade of electrical energy. NEK is the owner of 31 hydro and pumped storage power plants with a total installed capacity of 2737 MW. Most of the hydropower is generated within four hydropower cascades: Belmeken-Sestrimo-Chaira; Batak, Vacha, and Dolna Arda. All are used to cover peak loads, and to regulate the grid system.[citation needed]

NEK is a holder of hydro (HPP&PSHPP) generation license, electricity trading license and public power supply license, all issued by EWRC.

NEK, through its branch Dams and Cascades, manages 40 dams and the total capacity of the storage reservoirs operated by NEK represents 50.1% of the total controlled water resources of the country.[1][2][3]

References

  1. ^ "Bulgaria Consolidates Five Energy Companies into Holding". Sofia News Agency. 2008-02-13. Retrieved 2008-02-24.
  2. ^ "Bulgaria announces birth of energy giant with new holding company". Power Engineering. 2008-02-14. Archived from the original on 2008-10-18. Retrieved 2008-02-24.
  3. ^ "Bulgaria to list up to 15 per cent of energy holding, subsidiaries". The Sofia Echo. 2009-11-11. Retrieved 2009-11-16.
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