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Crony Capitalism and political influence threaten energy security in Bulgaria: How two Bulgarian politicians became key players in the energy sector

The management boards of state-owned power plants are often dominated by political appointees and/or private interest networks which extract public resources via dubious public procurement tenders.2 The biggest thermal power plant (TPP) in Bulgaria is the state-owned Maritsa-Iztok 2 TPP. It suffers from rapidly increasing financial problems (more than BGN 900 mln. in debt as of early 2019) due to rising carbon offset prices3, aging technologies and mismanagement of the facility. In order to produce electricity (its working cycle is fully dependent on locally mined lignite coal), the TPP has to offset its large carbon footprint by purchasing sufficient carbon quotas. This closes the vicious circle – working more means accruing more debt to obtain the quotas, negatively affecting public resources invested in the facility.   You can download the case brief from HERE. Varna TPP_web

Сподели:

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Analyses

Analysis: THE WRONGFUL INVOCATION OF THE INVESTIGATIVE SECRET EXEMPTION IN ADMINISTRATIVE BODIES’ REFUSALS TO PROVIDE ACCESS TO PUBLIC INFORMATION

Was there a fictitious payment bearing Karimanski’s signature: What the forensic report reveal

ACF: We have reported violations involving BGN 294 million to the PFIA — in most cases the Agency does not react or classifies the information

Parliamentary elections, November 2021: What happened at the polling stations at risk?

Some interesting facts revealed by the preferential votes

Yavor Zlatanov’s interview for ACF confirmed the “Eight Dwarfs” story

Election fraud: prevalence and impact in Bulgaria. Parliamentary Election, July 2021

Election fraud: prevalence and impact in Bulgaria. Part II - Presidential election 2016. European Parliament Election, 2019

ACF’s Annual Monitoring Report for 2020

An ACF analysis shows which political parties received the most paid and controlled votes in the last Bulgarian parliamentary election in April

Broken Legitimacy: prevalence and impact of controlled and purchased voting in Bulgaria

THE ILLUSION OF THE BULGARIAN LEGISLATOR – creating a mechanism for effective investigation of the Prosecutor General

EXERCISING CONTROL OVER THE PROSECUTION FUNCTION – THE NECESSARY CRIMINAL JUSTICE REFORM

"The Eight Dwarfs" - The facts, a legal analysis, conclusions, and an appeal to the institutions

Ten questions about “The Eight Dwarfs” that remain unanswered

Annual monitoring report on investigations of high-level corruption "Anti-corruption institutions: activity without visible results."

MOTOR VEHICLE SEIZURE IN TRAFFIC CRIMES WILL LEAD TO CONSIDERABLE PROBLEMS

IDENTIFIED PROBLEMS WITH PROSECUTION PROCEEDINGS DURING ТHE STATE OF EMERGENCY

PUBLIC RESPONSIBILITIES, PRIVATE GAINS: How a governmental agency created a profitable private enterprise

FEAST IN TIMES OF PLAGUE: How the Bulgarian Food Safety Agency gave away millions for animal carcass disposal

Crony Capitalism and political influence threaten energy security in Bulgaria: How two Bulgarian politicians became key players in the energy sector

Apartmentgate: the property deals of senior public officials

From Pazardzhik To Prague: Ginka Varbakova and the multilevel clientelism and corruption in the energy sector

Anticorruption Institutions: Trends and Practice

10 YEARS OF EU MEMBERSHIP: WEAK INSTITUTIONS AND POLITICAL CORRUPTION STILL PERSIST