Sofia Central Heating Utility to declare a profit in 2011

“The Sofia Central Heating Utility expects to post a profit this year,” said yesterday its head Stoyan Tsvetanov. He explained that by the end of September, the company had succeeded to repay part of its outstanding debt to Bulgargaz which was reduced from BGN 107 mln to below BGN 70 mln. According to Angel Semerdjiev, Chairman of the State Energy and Water Regulatory Commission, all heating companies in Bulgaria are ready for the coming winter season. The only exception is the Shumen Central Heating Utility, but SEWRC does not expect any problems with the supply there.

Semerdjiev does not expect Bulgaria to be sanctioned by the European Commission after the ongoing inspections at the gas companies in our country. “I do not know of Bulgartransgaz having refused access to its network to Overgas,” explained Semerdjiev. A year ago, the company sent its request to supply fuel directly to Bulgarian consumers, but has not received any response from the Bulgarian Energy Holding, its representatives claim.

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