Development of the Bulgarian electrical industry

Thanks to its own policy and the development of the Bulgarian electrical industry, a few years after its establishment the company began to offer engineering services, as well. At that time they consisted mainly in the organization of complete projects performed by specialized Bulgarian subcontractors. During that period, in parallel with the projects performed, Electroimpex acquired the potential, experience and reputation of a company famous in the field of engineering activities.

In 1990 Electroimpex was transformed into a public limited company the founders of which included Bulgarian manufacturers of major electrical equipment, research and design institutes, banks, etc. In 1999 the company was privatized through Sofia Stock Exchange.

Today Electro impex, with its 210 employees in the head office, independently performs engineering activities in the field of electric power projects: design, supply, installation, adjusting tests, commissioning, supervision, guarantee and post-guarantee services. On the basis of its own potential of engineers, economists and other highly qualified specialists, equipment and facilities, the company provides, by its own efforts, up to 35°/o of the complete engineering product of the carried out projects for electric power generation, transmission and distribution. It is in projects of that type only that the facilities are offered by Bulgarian and foreign subcontractors in strict conformity with the customers’ requirements and the respective tender documents. Some of the best known manufacturers such as ABB, Alstom, General Electric, Schneider Electric, Siemens, etc. appear in Electroimpex List of Approved Suppliers.

Electroimpex is awarded a Certificate of Approval by Bureau Veritas Quality International in compliance with Quality Standards BS EN ISO 9001:1994 in the field of engineering services for complete turnkey electric power projects, including: HV substations, HV overhead transmission lines, distribution overhead and cable networks, rural and urban electrification, hydro power plants, irrigation and water supply pump stations, package potable water treatment stations, technological lines and factories for electrical goods manufacturing.

The company is also included in the DG1A Central Consultancy Register of the European Community.

Electroimpex is well known in more than 85 countries in Asia, Africa, Europe and South America and in some of them, such as Germany, UK, France, Italy, Greece, Albania, Russia, Ukraine, Egypt, Syria, Iraq, Nigeria, Afghanistan, Lebanon, Jordan, Iran, Pakistan, Nicaragua, Cuba, Peru, etc., it has established business contacts with firms with a wide range of activities on the basis of joint- ventures, agencies or traditionally maintained cooperation contacts.

The company has implemented contracts with 18 countries in the world for about 100 projects worth more than 500 million USD and has become a well-known and welcome partner on the international markets.

Electroimpex is a successful company

The analysis of the financial condition of the company performed in conformity with the international auditing standards by the auditor firm KPMG show that Electroimpex is a successful company with stable economic indices, typical of which is 60 min. USD annual turnover for the period 1992-1998.

All these facts and figures show that Bulgaria has significant achievements and experience obtained in the process of construction of a number of turnkey power projects abroad which is a warrant for stable and reliable partnership with foreign companies.