Power Sector Decarbonization Study is AmCham Bulgaria Project of the Year

On 21 November, 2023, at the Thanksgiving Charity Dinner the “Power Sector Decarbonization Studies” analysis got the AmCham’s 2022 Project of the Year award, part of AmChampion Awards 2022.

This wide-ranging analysis includes three scenarios and policy recommendations that facilitate the power sector transition through an appropriate investment framework. The report has two scenarios, the August-September 2022 one building on the first one from January 2022 and providing adequate decarbonization proposals tailored to installed technologies, without favoring known technologies and taking into account the energy transition requirements of the European Union.


Statues with the logo of the Chamber and certificates were awarded by Ivan Mihaylov, CEO, to Quinto Di Ferdinando, Director of Thermal Power Plants of “ContourGlobal” and Ivan Tsankov, CEO, AES Bulgaria – representatives of the leading companies of the project.

In 2022 AmCahm worked on another significant project that was nominated for Project of the Year. This is the United for Ukraine Initiative, a partnership between the U.S. Embassy in Bulgaria, the America for Bulgaria Foundation, Nu Boyana Film Studio. It sought jobs and housing for Ukrainian citizens who had fled Russia’s war in Ukraine.

Category Winners

Small and Medium Enterprises Category – Djingov, Gouginski, Kyuchukov & Velichkov Law Firm

In 2022, DGKV took the initiative on rule of law topic, with Omourtag Petkov proposing and heading the Rule of Law and Legislative Reforms Committee, also the participating companies committed to a major overhaul of the Commercial Law, and raised the issue of the need for the rule of law for business in Bulgaria publicly.

There are 137 companies in this category, the other nominees are American University in Bulgaria, HR Consulting Partners (winner in the previous 2 years), and Sun foods (McDonald’s Bulgaria).

Corporate Category – America for Bulgaria Foundation

For a consecutive year, the America for Bulgaria Foundation was among the most active members that provide financial, expert and strategic support for the activities of the Chamber. Among the most notable examples is that its leaders inspired and implemented the United for Ukraine initiative in 2022.

The other nominees are Penkov, Markov & Partners Law Firm (winner in the previous 2 years), Adecco Bulgaria, and Manpower Bulgaria.

Large Corporate Category – ContourGlobal Maritsa East 3

“ContourGlobal Maritsa East 3” was the most active company in the “Energy and Mineral Resources” Committee and its then CEO then together with the AES Bulgaria ‘s initiated the creation of the “Power Sector Decarbonization Study”, which provided concrete solutions for the benefit of the entire industry with a horizon for implementation by 2050.

A total of 117 companies are members of this category, the other nominees being IBM Bulgaria, Dundee Precious Metals, and AES Bulgaria.

About the AmChampion Awards

The idea for the awards dates back to 2019 and is now part of the benefits for ATC members.

The aims of the awards include public recognition of the most active and engaged members of the previous year. Also, being a community award – the initiative focuses attention on those members who have been most active in Chamber activities. The awards, based on sound criteria and verified data, express appreciation to all members.

Furthermore, the awards highlight the many opportunities that our business platform presents for activities to our community and to the Bulgarian economy. Of course, such a project increases the visibility of the American Chamber of Commerce in Bulgaria and member satisfaction.