In connection with some publications that have appeared in the mass media about the preparation of a scheme for hidden privatization of Natsionalna Elektricheska Kompania EAD by means of its debt buying up, we state the following:
The NEK management hasn't had and is not having any negotiations with any private persons or private companies or anybody else about any privatization of company assets.
We must remind that the role of the National Electric Company in the energy sector is of strategic importance for the country security.
As for NEK's liabilities, we declare that the company management is firmly determined to do its best for stabilizing NEK's financial condition.
In connection with the allegations spread by some producers regarding the balancing market and NEK's role in it, we want of clarify the following:
On 1st June 2014 a balancing market was effectively introduced for the electricity producers and the end suppliers. NEK EAD as a coordinator of a special balancing group applies the principles of equal standing for producers and end suppliers forecasts, complying with the Energy Act. In the cases where the end suppliers forecasts for electricity demand are lower than the electricity producers forecasts, the Public Provider determines the hourly quantities for each individual day for each of the power plants, taking into account the generation parameters of their units. In order not to be accused of protecting one producer or another, NEK EAD applies equal limitations to the producers, including towards its own power plants. In our opinion, the allegations of some producers are only meant to discredit the balancing market and to violate the trade rules which will be to the prejudice of the society.