Major Bulgarian and international power generation companies, corporates and investors turn to the energy and utilities practice at Djingov, Gouginski, Kyutchukov & Velichkov for advice on the implementation of their energy businesses in Bulgaria, obtaining of electricity trading licenses as well as advice on all aspects of various development projects and ongoing regulatory matters. Milan Pandev and Georgi Gouginski jointly lead the team, with Pandev handling power generation, distribution and pipeline development projects in the oil and gas sector, and Gouginski covering corporate mandates, including M&A, privatisation and project financing in this area. Maya Mircheva is well versed in energy projects and administrative litigation and is a key associate in the department.

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Key clients

  • UniCredit Bulbank
  • EBRD
  • Vitol Gas & Power B.V.
  • ContourGlobal Maritza East III AD
  • Axpo Bulgaria AD
  • Shanghai Sensheng Asset Management Centre
  • Sola Renewable Energies Bulgaria OOD
  • Asahi Group Ltd.
  • ABB Asea Brown Boveri Ltd.
  • NEPI Investment Management SRL.

Work highlights

  • Advised UniCredit Bulbank and the EBRD in relation to EUR 80m project financing of 112.5 MW solar PV power plant in Bulgaria.
  • Advised ContourGlobal Maritsa East III on a series of EFET-based PPAs and ISDA based commodity derivative transactions with Bulgarian and non-Bulgarian counterparties
  • Advised Vitol on obtaining a new electricity trading license and provided ongoing legal advice to Vitol on energy regulatory matters related to trading in gas and electricity in Bulgaria.

Lawyers

Hall of Fame
The lawyers at the very top of the profession, widely known and respected by peers and clients for their longstanding involvement in market-leading work.
Leading associates
Leading associates with regular involvement in their team's key work, and recognition from peers or clients as being ones to watch.

Practice head

The lawyer(s) leading their teams.

Milan Pandev, Georgi Gouginski

Other key lawyers

Maya Mircheva, Deyan Bogdanov, Delyan Dzhurov