Industry Electricity Revenue US$1.5 billion (2006) CEO Petar Iliev (Nov 2014–) Headquarters Sofia | Key people Petar Iliev (CEO) Number of employees 15,000 (2006) Founded 1991 Parent organization Bulgarian Energy Holding | |
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Products generation and trade of electrical energy Owner Bulgarian Energy Holding Subsidiaries Belene Nuclear Power Plant Project, Elektroenergien Sistemen Operator EAD, Belene Power Co. | ||
Natsionalna Elektricheska Kompania EAD (NEK) (Bulgarian: Национална електрическа компания ЕАД ; English: National Electricity Company) is a single-owned joint-stock electric company headquartered in Sofia, Bulgaria. Bulgarian Energy Holding is the holder of the capital of NEK.
The main company's activities are the 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 hydropower 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. .