ABOUT BEH | Profile

The Bulgarian Energy Holding EAD (BEH EAD) was incorporated on 18.09.2008 with Minister of Economy and Energy Decision, after renaming Bulgargaz Holding EAD.

The restructuring and energy companies consolidation model approved by the Council of Ministers of the Republic of Bulgaria is envisaged to be implemented in two stages – a financial holding and operational holding. The process of transformation of BEH companies will take several years.

BEH EAD is a shareholding company with 100% state owned participation. The Holding includes mini Maritca Iztok EAD, Maritsa East 2 TPP EAD, Kozloduy NPP EAD, NEK EAD incl. Electricity System Operator EAD, Bulgargaz EAD, Bulgartransgaz EAD and Bulgartel EAD.

All companies, brought together in the holding structure, preserve their operational independence and licenses, as they are all owned and directly subordinated to the corporate centre BEH EAD.

BEH EAD subject of activity is acquisition, management, assessment and sale of participations in trading companies, carrying out business activity in the fields of generation, production, transmission, transit, storage, management, distribution, sale and/or purchase of natural gas, electricity, thermal power, coals, as well as any other type of energy and raw materials for the production. Participation in the management of such companies, their financing, acquisition, assessment, issuance and sale of bonds, acquisition, assessment and sale of patents, concession of licenses for use of patents of the abovementioned companies, as well as performance of own production or trade activity.

After the consolidation of the energy companies, Bulgaria already has one of the largest energy company in the region and establishes a national energy leader, whose assets amount to some BGN 9.8 billion, consolidated revenue totals to some BGN 5.8 billion, the number of employees sums up at some 21 thousand people.

BEH EAD is a member of: the Balkan and Black Sea Petroleum Association (BBSPA), Deutsch-Bulgarische Industrie - und Handelskammer (AHK Bulgarien), European Business Congress (EBC), National Committee of Bulgaria for the World Energy Council (NCBWEC), Bulgarian Chamber оf Commerce аnd Industry (BCCI), Bulgarian Industrial Capital Association (BICA), and Union of Economists in Bulgaria (UEB).