Elektrorazpredelenie Yug EAD (Bulgaria)

EVN Bulgaria Elektrorazpredelenie, former Elektrorazpredelenie - Plovdiv (Electricity Distribution Company-Plovdiv), was established in 2000 after retail sales of electricity were spun off the country's power export monopoly National Electric Company (NEC). Its core business consists of the operation of the power transmission facilities and distribution of electric power in the regions of Plovdiv, Pazardzhik, Stara Zagora, Sliven, Burgas, Yambol, Haskovo, Kardzhali and Smolyan.
In October 2004, Austrian regional energy utility EVN signed a deal to buy 67% stakes in the power distribution utilities at Plovdiv and Stara Zagora. EVN placed a winning EUR 271 million bid for the majority stakes in the two companies grouped in the so-called Southern Bulgaria privatisation pool at a tender held in July 2004. In the second half of 2006, EVN Bulgaria separated the electricity and supply networks it owned in two different entities. As a result, Elektrorazpredelenie Plovdiv was renamed into EVN Bulgaria Elektrorazpredelenie (EVN Bulgaria Electricity Distribution AD), and put in charge of power distribution in all regions previously covered by the two companies. Elektrorazpredelenie Stara Zagora started dealing with electricity supply and sales under the name of EVN Bulgaria Elektrosnabdiavane AD (EVN Bulgaria Electricity Supply AD). In December 2007, EVN started heating distribution in Plovdiv and Assenovgrad. In December 2011 Bulgaria's Privatization Agency sold its 33% stake in the company on the local stock exchange. In 2012 EVN AG became the sole owner of EVN Bulgaria Elektrorazpredelenie.