ENERGO-PRO a.s. has placed a EUR 250 million Eurobond issue
ENERGO-PRO a.s. issues Eurobonds worth ˆ 250 million in London. This is the second issue after the company sold a bond issue of ˆ 370 million in November. The proceeds will be used to repay current loans as well as for general corporate purposes, and will improve the effectiveness of the Group finances. The bonds mature on May 4, 2024, and carry a 4.5% annual coupon; the issue price is 100%.
The securities will be listed on the Irish Stock Exchange. S&P and Fitch have rated them BB- and BB respectively, in line with the corporate rating of the issuer ENERGO-PRO a.s.
The issue was distributed among more than 70 investors, representing both international and Bulgarian financial institutions. 54% of the investors are asset managers, 26% - banks and private banks, 19% - pension funds and insurance companies. The bonds purchased by Bulgarian financial institutions amount to over ˆ 15 million. The largest share of investors - 25% are from the UK, 21% from Austria and Germany, another 14% from France, the remaining 40% are distributed to Western, Central and Eastern Europe and the Commonwealth of Independent States.
The ENERGO-PRO Group has steady revenues from regulated activities, making it attractive on the international financial markets. The company is a significant investor in the energy sector. It operates hydropower plants and power distribution grids in Central and Eastern Europe and in the Black Sea and Caucasus regions.
Starting its operations in the Czech Republic, the company is gradually developing its operations in Bulgaria, Georgia and Turkey. The total installed capacity of the power plants owned by ENERGO-PRO is 854 MW, and the annual electricity generation exceeds 2.5 TWh. ENERGO-PRO is active in the distribution and sale of electricity and owns and manages power distribution grids in Bulgaria and Georgia serving more than 2.4 million customers. The company is also active in the cross-border trade in electricity.
The companies that form the industrial core of the international group ENERGO-PRO based in Prague will modernize the famous pumped-storage hydroelectric plants in Austria. The Slovenian company Litostroj Power, together with the Czech company chr(268)KD Blansko Engineering, will replace two turbines in the pumped-storage hydropower plant Limberg I in the well-known tourist destination and skiing resort of Kaprun in the federal province of Salzburg. Both companies are also preparing a modernization of two turbines at the Hchr(228)usling power station in Tirol. ... read more
As of January 30, 2018, the power distribution company in Northeastern Bulgaria "ENERGO-PRO Grid" AD changed its name to "Electrodistribution North" AD. The company is taking this step to meet the requirements of the European Directive 2009/72/EC and the Bulgarian Energy Act. Starting from today, January 30, the new brand name "Electrodistribution North" will be used in all communications with the institutions and with the clients of the company. ... read more
ENERGO-PRO Trading sold the first issued in Bulgaria guarantees of origin for green energy to a Hungarian company
The first issued in Bulgaria guarantees of origin for “green” energy produced in our country were given to an owner in Hungary. The first ever deal has been realized by ENERGO-PRO Trading EAD and has been enlisted in the Register of the Agency for Sustainable Energy Development. The guarantees of origin have been acknowledged by Hungary and registered in its Register.... read more
New General terms and conditions for access and transmission of electricity through the electricity distribution grid of ENERGO-PRO Sales AD
Today the company released the "General terms and conditions for the sale of electricity of ENERGO-PRO Sales AD” (General Terns & Conditions) as of Art.98a of the Energy Act. They will be valid for the customers of ENERGO-PRO Sales AD in its capacity of end supplier – these are household and non-household customers with sites connected to the electricity distribution grid at low voltage level, which have not chosen another supplier of electricity.... read more
New General terms and conditions for access and transmission of electricity through the electricity distribution grid of ENERGO-PRO Grid AD
Today the company released the "General terms and conditions for access and transmission of electricity through the electricity distribution grid of ENERGO-PRO Grid" (General Terns & Conditions) as of Art.104a of the Energy Act. They will be valid for all customers whose sites are connected to the electricity distribution grid of the company.... read more
ENERGO-PRO announces increased electricity consumption for November 2013 compared to the same period last year
Despite the reported increase in consumption, there is a decrease of about 1% of the average cost of the invoices of household customers for both comparative periods For the month of November 2013 the company reported an increase of about 10% of the average electricity consumption over the same period in 2012. According to ENERGO-PRO the average electricity consumption of household customers for November 2013 was 299 kWh, and the same month of 2012 chr(9472) 271 kWh. ... read more
The prize is awarded by the Chamber of Builders in Bulgaria- Regional Branch Varna Yesterday, October 30, 2013, ENERGO-PRO was awarded a special prize for high achievements excellence in the investment process by the Chamber of Builders in Bulgaria - Regional Office Varna (CBB-RO). The award was bestowed in the category "Representative of Utility Companies".... read more
Low temperatures during the weekend increased the electricity consumption in Northeastern Bulgaria by about 21 %
The sharp drop in temperatures during the weekend increased consumption of the territory, operated by ENERGO-PRO. The company supplies electricity in the regions of Varna, Veliko Tarnovo, Gabrovo, Ruse, Silistra, Dobrich, Razgrad, Targovishte and Shumen. For the period 4 - 6 October 2013 in Northeastern Bulgaria consumption has increased by about 21% compared to the same period last year.... read more
ENERGO-PRO launches a project to the change the meter reading period, which will improve the quality of the service and customer care
Since the end of September the electricity meter reading will be done by employees of ENERGO-PRO In the end of September, the electricity distribution company launches a major project to change the way of reading the electricity meters. The project is the result of extensive internal analysis of the effectiveness of current methods of reading, as well as exploring options to reduce electricity losses by introducing modern technologies. ... read more
The Company starts a new service that will provide an official accounting document by e-mail to all its business clients With the launching of the new service from September 1, 2013, ENERGO-PRO will send to its business customers an electronic invoice, which is in accordance with the Electronic Document and Electronic Signature Act. The development and availability of the service is the result of active communication with the clients and the aspiration of ENERGO-PRO to respond to their needs and requirements.... read more