Home | About us

About us

About us

Hydro Power Company “Gorna Arda”


Hydro Power Company Gorna Arda is a Bulgarian-Austrian joint company, established to engineer, construct and operate the hydro power cascade of the same name, located on the upper stream of Arda river. Shareholders in this company are the Bulgarian National Electric Company (NEK) and the Austrian EVN AG. 
The change in the company’s ownership structure is registered in the Company’s Register on August 11th, 2011. According to the latest updates, the company’s capital is 2,330 million BGN, where EVN holds 16 310 shares (70%) and NEK holds 6 990 shares (30%). The management structure of the company consists of Supervisory and Management Boards. Each of the boards consists of three people. Chairperson of the Supervisory Board is Friedrich Zemanek and Chairperson of the Management Board is Mario Niederwolfsgruber.