NEK EAD
| Industry | Electricity |
|---|---|
| Founded | 1991 |
| Headquarters | Sofia, Bulgaria |
|
Key people
|
Petar Iliev (CEO) |
| Products | generation and trade of electrical energy |
| Revenue | US$1.5 billion (2006) |
| Owner | Bulgarian Energy Holding |
|
Number of employees
|
15,000 (2006) |
| Subsidiaries | HPP Branch, Dams and Cascades Branch |
| Website | www |
Natsionalna Elektricheska Kompania EAD (NEK) (Bulgarian: Национална електрическа компания ЕАД) is a single-owner joint-stock electric company headquartered in Sofia, Bulgaria. Bulgarian Energy Holding is the holder of the capital of NEK.
The main scope of activities of NEK are generation of electrical energy, purchase and sale of electrical energy, import and export of electrical energy. NEK is the owner of 30 hydro and pumped storage power plants with a total installed capacity of 2713 MW. Most of the hydro power 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.
NEK is a holder of hydro (HPP&PS) generation license, electricity trading license and public power supply license, all issued by SEWRC.
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]
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