AES Corp.
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Petyo Ivanov to Replace Jacklen Cohen as Head of Bulgarian Energy Holding
Jacklen Cohen, head of Bulgarian Energy Holding (BEH) company, has been dropped from the board of directors of the state-owned group, the Energy Ministry has announced.
Cohen has been replaced as board member by Bulgargaz CEO Petyo Ivanov under a decision of Energy Minister Temenuzhka Petkova.
Nine Banks Show Interest in Lending up to EUR 650 M to Bulgaria's BEH
Nine banks have confirmed interest in lending up to EUR 650 BGN to the state-owned Bulgarian Energy Holding (BEH) company, Energy Minister Temenuzhka Petkova has said.
The energy group is seeking the money to enable its indebted subsidiary National Electricity Company (NEK) to repay debt owed to the local units of U.S.-based AES Corp. and ContourGlobal.
Bulgaria Expects Offers for EUR 650 M Loan to Energy Holding Co. in 2-3 Weeks
The Bulgarian Energy Holding company has invited potential lenders to extend a loan of up to EUR 650 M, BNR radio broadcaster reported on Monday.
Bulgaria to Launch Direct Talks with Banks over Debt Financing of Energy Holding
An attempt by the Bulgarian Energy Holding (BEH) to raise EUR 650 M through a tender has failed and now the state-owned will move to direct talks with interested banks, Deputy Energy Minister Nikolay Nikolov said on Thursday.