NEK EAD
Government approves the provision of state guarantees of up to €228 million for Yadenitsa Project
About
The main business of NEK EAD is electricity generation and trading. The company has a central role to play in the electric power system of Bulgaria, having an installed capacity of 2 739 MW. The company is the number one producer of green electricity in Bulgaria, running 31 hydropower plants and pumped-storage hydro facilities.
Core activities
HPP and PSHPP electricity generation
NEK EAD owns 31 hydro power plants (HPPs and PSHPPs) with total installed capacities of 2737 MW. The main electricity generation is provided by hydro power plants grouped in four hydro power cascades: Belmeken - Sestrimo – Chaira Hydro Power Complex, Batak Cascade, Dospat-Vacha Cascade and Arda Cascade.
Electricity Trade
NEK EAD is a major player in the electricity market of Bulgaria guaranteeing security of supplies. The Company carries out wholesale trade on the non-regulated market through the segments of IBEX.
Public Electricity Supplier
Pursuant to the Public Power Supply Licence No. L-147-13/17.12.200, supplemented with the function of a coordinator of special balancing group, NEK EAD operates on the wholesale electricity market.
Supplier of Last Resort (SoLR)
NEK as SoLR has the obligation to supply electricity to final customers connected to the transmission grid system if such customers have not switched to another electricity trader or the chosen trader fails to deliver for reasons beyond the customer.
NEK EAD in figures
- 31
- HPP and PSHPP facilities in operation
- 2,739MW
- Total installed capacity
- 1,220,884t CO₂/MWh*
- Avoided CO₂ emissions
*Compared with the emission factor of the electricity system for 2019.
Environmental policy
Green energy
NEK generates carbon-neutral electricity from HPPs and PSHPPs, applies environmentally friendly technologies and manages natural resources and waste responsibly.