National Electricity Company EAD

National Electricity company EAD (NEK) is a sole-owner shareholding company, 100% owned by Bulgarian Energy Holding EAD, having its seat in Sofia. The company is managed by a three-member Board of directors. NEK’s main activity is electricity trade and generation.

NEK owns and operates 30 HPPs /  hydro power plants/ and PSHPPs / pumped storage hydro power plants/ with total installed capacity 2713 MW in generating mode and 937 MW in pumping mode. The main generation of electricity is by the power plants within Belmeken- Sestrimo- Chaira, Vacha, Batak and Arda cascades. 

NEK manages and maintains 41 big dam walls, more than 500 water abstraction facilities and hundreds of kilometers non- headrace and headrace derivations. The total built-up volume of dams is 50.1% of the total volume of water storage facilities in Bulgaria.

The main operations of the company are related to:

• Guaranteeing electricity supply to citizens on the regulated market

• Electricity trade in the country and abroad on the free market
• HPP and PSHPP electricity generation
• Investment operations guaranteeing security and development of the electricity system
• Construction and repair activities in the field of electricity generation
• Introduction and popularization of energy efficiency in electricity generation

NEK EAD holds the following licenses issued by the Energy and Water Regulatory Commission:

• License for electricity generation from HPP and PSHPP
• License for public supply of electricity supplemented with rights and obligations for the activity of a special balancing group coordinator
• License for electricity trade supplemented with rights and obligations for the activity of a standard balancing group coordinator
• License for electricity supply by a last resort supplier supplemented with rights and obligations for the activity of a special balancing group coordinator

 Certificates issued to NEK EAD by the Construction Chamber

• First group construction ( high-rise construction, its ancillary infrastructure, electronic communication networks and facilities) , from third to fifth category ;
• Second group construction ( transport infrastructure construction), of fourth category;
• Third group construction ( energy infrastructure construction), from first to third category;
• Fourth group construction (public works infrastructure, hydro technical construction and environmental protection); from first to third category.

 NEK commercial operations are related to:

• Electricity purchased from generators
• Electricity generated by its own HPP
• Electricity purchased under long-term contracts
• Electricity purchased at preferential prices
• Electricity purchased at freely-negotiated prices
• Electricity from import
• Balancing market

Sales of:

• Electricity to end providers and electricity distribution companies at regulated parties
• Electricity to customers at freely negotiated parties
• Balancing market

Table: Electricity generation capacity of each of the company's 15 largest HPPs.

To view the company's financial statements please go to Financial reports.

For more information please visit www.nek.bg/index.php/en/.