SOFIA, Bulgaria, Jan. 19 (UPI) -- It makes sense to expand bilateral ties with Turkey in the energy sector because the market prices are much better, a Bulgarian energy executive said.
Krasimir Parvanov, the head of Bulgaria's National Electric Company NEK, said he expected to restart exporting electricity to Turkey at the end of March.
"I am all up for restarting the electricity trade with our southern neighbor because it is no secret that the prices there are better than the market prices in the region," he was quoted by the Sofia News Agency as saying.
Turkey stopped purchasing electricity from Bulgaria in 2003 after it complained Sofia wasn't honoring its commitments under a bilateral agreement signed in 2008. Turkish company Tetas under agreement was to buy 4 billion kilowatts of electricity each year from Bulgaria.
Bulgarian Energy Minister Traicho Traikov said during an October meeting in Sofia with the Turkish prime minister that exports could resume after Turkey synchronizes its electricity grid with the European electricity network.
