Hristo Kovachky has ignored Holding Bulgarian State Railways. The businessman has already applied for a license for train haulage. Papers are deposited on the 20th of March in Executive agency Railway Administration (EARA) from TLB - Freight Transport JSC. The company is registered in January. A commission that is to prepare official position on the matter by June has been appointed in the EARA. The company is expected to be granted a license by September.Kovachky owns a solid park of freight wagons. He bought electric carriers of the brand"Skoda", which he is upgrading at the moment. The businessman is a major shipper of BDZ - Freight Services, as well. He is the owner of several mines, among which being Bobov dol, Beli breg, Chukurovo, etc. Transportation of coal for this thermal power plants form about ? of BDZ - Freight Services’ revenues. On the 21nd of February State Railways stopped shipments of coal for Kovachky’s assets due to obligations of BGN 15 million, of which BGN 9 million overdue.
Source: Standart (07.05.2014)

Hristo Kovachki wants a railway license for the third time Hristo Kovachki has again asked for a license for a railway carrier of loads for a third time in a row. At present his papers are in a procedure of inspection and it is not clear what the result will be. Hristo Kovachki has long before expressed his desire to part with BDZ Freight Services. He handed out twice papers in order to service by himself transportation of coals from his mines via a company under the name of TBD-Tovarni prevozi SPJSC. The latter is 100% owned by Thermal Power Plant Bobov Dol SPJSC. Twice he got refusal, though. The last time it was motivated by incomplete documentation and lack of sufficient evidence for financial stability. Orders for transportation made by the businessman’s company are assessed to about one third of all BDZ Freight services’ transportation. At the same time all these companies are indebted with the public company to the amount of nearly BGN 10 million for completed work. Of this sum BGN 6.5 million is overdue. MPs from the Transport Committee voted on second reading amendments to the Law of railway transport, which allow industrial enterprises themselves to carry shipments of their own raw materials and production on the railway network "to the first station”.
Source: Capital (04.06.2015)

TBD-Tovarni prevozi SPJSC got license for a railway carrier In the days between 15th and 19th June ministry of Transport issued license of TBD-Tovarni prevozi SPJSC for railway transportation of goods. The company is fully owned by Thermal Power Plant Bobov dol, part of Kovachki’s energy portfolio. Executive Agency Railway Administration, part of the Transport ministry once refused license to the company. Kovachki due to his business in the energy sector is the largest customer of BDZ-Freight Service, which means that the state company will part with still another serious aspect of its source of revenues. In addition, freight forwarders who organize shipments of coal from the mines have obligations to BDZ – Freight Service and with the receipt of transport independence incentives for their payment will reduce. Thirdly the state will again try to sell BDZ – Freight Service, whose attractiveness will seriously decrease if its largest customer drops. Now Kovachki’s railway company is to pass the procedure for getting license for safety in order to conclude a deal with National Company Railway Infrastructure for access to the network.
Source: Capital (29.06.2015)

The first train in Bulgaria, which will regularly drive biomass, made the pilot delivery On June 28, the first railway course of the private company TBD Freight Transport, which invested over 6,000,000 euros in new rolling stock, was carried out. Thanks to this major capital investment, the private railway operator will be able to make regular deliveries of biomass from various suppliers to their customers all year round. The first railway course was implemented along the railway section from Dolna Mitropolia station to Golyamo selo station - TPP Bobov Dol. The cargo composition consisted of 19 wagons, each of which was loaded with over 13 tons of straw, entirely harvested by Bulgarian producers. It is expected that the usual courses of the railway operator will be carried out with up to 40 wagons loaded with clean biomass, so the length of the freight composition together with the locomotive will be approximately 600 meters. The largest power plant in South-West Bulgaria, TPP Bobov Dol, several years ago included biomass in its fuel mix as part of its long-term strategy to phase out coal and gradually switch to low-emission energy sources. The company's experts have repeatedly explained openly that the burning of biomass does not emit carbon emissions and noted that ordinary straw, as well as sunflower husks and pellets, are mainly used. To secure the commitment to several energy companies for the transportation of biomass, TBD Freight Transport has invested in 3 locomotives and over 140 specialized wagons adapted for loading bales and large tonnage containers. The company "TBD Freight Transport" is based in the town of Pernik and has a railway operator's license since 2015. From then until now, the private railway operator has continuously expanded the volume of deliveries it carries out. The main customers of the company are Bulgarian district heating companies, and until now the courses carried out were for transporting coal and quartz sand directly from the mines to several thermal power plants in the country, as well as to almost all glass plants in Bulgaria and Romania.
Source: blitz.bg (04.07.2024)

The Anti-Corruption Fund (ACF) has sent an official request to Prime Minister Rosen Zhelyazkov following yet another change of ownership of key enterprises in Bulgaria’s energy sector. In June and October of this year, four UK-registered companies, which own a number of energy companies, including Bobov Dol TPP, Brickel TPP and district heating companies in Burgas, Pleven and Ruse, changed owners. Over 150 companies registered in Bulgaria were identified as part of an informal grouping called Orion Energy Holding, with at least seventy of the Bulgarian companies owned by British and Cypriot companies. On July 4, STOCKETT LIMITED, owner of Bobov Dol TPP, MK Energy Consortium, Chukurovo Mine and TBD-FREIGHT TRANSPORT, previously owned and represented by Erlene May Rodriguez from Belize, is now owned and represented by Antriana Christodoulou from Cyprus. On July 8th, BOVARD LTD, owner of Toplofikatsiya Burgas, owned and represented until then by Nancy Bennet is now owned and represented by Styliana Tryfonos, again from Cyprus. On July 10th, CATALAND LTD, owner of Toplofikatsiya Pleven, Toplofikatsiya Ruse, and D KONSEY, owned and represented until then by Sarah Amy Grice is now owned and represented by Fanos Kasapis, again from Cyprus. On July 11th, BAKKAR LIMITED, owner of TPP “Brikel” in Galabovo, owned and represented until then by Roy Dennis Tolfts is now owned and represented by Michalis Fanouriou from Cyprus. On October 13th, the owner and manager of DOWAN LIMITED, owner of the companies “Eco Analysis” and “Carbon Invest”, was also changed. The company, owned and represented until then by Tamara Lilian Ibanez is now owned and represented by Niki Sofokleous from Cyprus.
Source: BTA (26.11.2025)