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Billions from the EU for the sponsor of ‘The Change’, Sasho Donchev, and Hristo Kovachki

Bulgarian media bnews and Obektivno reports that in the list of companies set to receive EU funding under the Recovery and Sustainability Plan for the so-called ‘green transition’, there are companies linked to those in power. Among them is ‘Overgaz’, whose founder and owner Sasho Donchev is a sponsor of PP-DB.

He made a donation of BGN 500,000 before the parliamentary elections last year to the coalition ‘We Continue the Change’ – ‘Democratic Bulgaria’. That’s why the Coalition government continues to hold onto power and will not release it until it distributes the billions among the sponsors of the three separate elements in this coalition.

The list was presented in parliament by ITN. These companies will receive EU funding for ‘green’ energy projects, and in return, Bulgaria will close its coal-fired power plants.

“The closure of our coal-fired power plants will reduce our carbon footprint at the European level by 0.06%. However, the loss of energy capacity for Bulgaria will be significant.” These data were presented by ITN deputy Pavela Mitovа.


“We Continue the Change is exerting all efforts to expedite the destruction of the company, as their land is required for the production of 380,000 tons of green hydrogen annually, with 180,000 tons intended for export. The project entails the construction of an extensive number of solar panels by 2033, displacing miners, converting all power plants to gas, and placing the burden of the huge bill on all of us once again. A handful of slickers swiftly become billionaires”, Pavela Mitova commented.

“The system will lose its balancing properties, the price of electricity will increase dramatically, and I strongly doubt that the ‘Security of the Power System’ fund will withstand the pressure”, she further stated.

Mitova presented in parliament a list of companies that will receive European funding under the Recovery and Sustainability Plan in the ‘Energy’ sector:


Metalik AD owned by Dechko Kolev – BGN 277,690,000 for the construction of a plant and the establishment of an installation for the production of green hydrogen and oxygen for medical and technical purposes.

Smart Energy Group AD – BGN 240,000,000 for solar panels with a capacity of 1.5GW. The company’s scope of activity does not mention anywhere that it has the capacity to build solar panel plants. And what are these factories that will produce an exact amount of solar panels with a capacity of 1.5 GW.

ContourGlobal Maritsa East 3 AD, where the current Deputy Minister was Executive Director, and now Vasil Shtonov is a man of the “Change” from the Bulgarian Development Bank (BDB) – BGN 1,383,000,000.

Resolve Energy OOD (s.r.o), Czech Republic – BGN 354,300,000 – for the construction of a solar park with a capacity of 230 GW in Silistra. The park is being built on the territory of the airport, which, for unknown reasons, ended up with ‘our people,’ and they sold it to the Czechs. Let’s hope that after a while this airport land will not have to be used, and the state will not have to pay for it. And how will a company based in Silistra economically support the Stara Zagora region?”

Dining Energy EOOD – their office is located on the site of Brikel Thermal Power Plant, and they have 10 socially insured workers – BGN 654,000,000.

Companies related to Hristo Kovachki:

TOPLOFIKATSIA – sliven EAD – BGN 320,000,000

Brikel EAD – BGN 879,000,000. With all of his companies located on the territory of Stara Zagora, Kovachki will receive around BGN 1,853,000,000.

It turns out that with all of his companies located on the territory of Stara Zagora, Kovachki will collect BGN 1,853,000,000.

AES Maritsa East 1 EOOD – BGN 1,440,000,000 – their contract for purchasing of electricity expires at the end of the year, so let’s give them a little more for the last time.

M+S Hydraulic AD, Hydraulic Elements and Systems AD, ELHIM ISKRA AD – all three companies are related to the same person Vasil Velev from the Bulgarian Industrial Capital Association (BICA), where the Minister of Energy, Rumen Radev worked. Total projects for BGN 132,000,000.

Zagora Energy OOD – the company is part of Holding Zagora, where Minister Rumen Radev was Economic Director – BGN 40,000,000.

Monbat AD – owned by the Bobokovi brothers – BGN 1,171,500,000.

BULMETAL AD – how will they build a PSHPP, provided that the company’s profile states that they are engaged in the production and realization of metal packaging – BGN 313,000,000.

Overgas, the sponsor of “The Change” – BGN 385,000,000.

In September last year, the Ministry of Energy issued a call for expressions of interest for investment intentions to large companies to apply for receiving the money from the “green transition” fund. The money is given by the EU. 32 companies have submitted investment intentions with a total value of around BGN 11 billion.

The management of the funds under the territorial plans for a “just” transition, as termed in the EU for the transition to “green energy” with zero carbon emissions, is entrusted to the Ministry of Regional Development. The ministry’s press center commented, as quoted by Trud newspaper that no funds have been disbursed yet, and the list of companies is merely “indicative.

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