NEK EAD

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Natsionalna Elektricheska Kompania NEK
IndustryElectricity
Founded1991 (1991)
Headquarters,
Key people
Georgi Dobrev (CEO)
Productsgeneration and trade of electricity
RevenueUS$1.5 billion (2006)
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

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