CEZ Electro Bulgaria

CEZ Distribution Bulgaria has received a construction permit for its EUR 1.5 million project to replace the 110 kV Zenit power transmission line and partly reconstruct two substations in Sofia, the company has said in a statement, according to reports.

Bulgaria's regulator said on Wednesday it was examining Eurohold to establish its financial situation given its bid to acquire the Bulgarian assets of Czech utility CEZ, reported Reuters. 

Prices of Electricity and heating are expected to rise on July 1. The cost of household electricity will jump 1.89%, it became clear after a public discussion in the Energy and Water Regulatory Commission.

CEZ Distribution Bulgaria, majority owned by Czech power utility group CEZ, said on Monday its non-consolidated net profit rose to BGN 20.8 million in the first half of 2017, from BGN 11.8 million in the like period of 2016, SEE News Reports.

Czech power group Energo-Pro has submitted an offer for the Bulgarian assets of power utility CEZ Group, the company's Bulgarian subsidiary Energo-Pro Varna told SeeNews on Monday.

"We cannot provide further details as the procedure is still ongoing," Energo-Pro Varna's PR and marketing director Petya Popova told SeeNews in an e-mail.