NECO S.A. is a joint Greek – Bulgarian company founded in August 2002 in Athens.  Its shareholders are Bulgaria’s state-owned power production company, NEK EAD by 50%, Prometheus Gas S.A. by 25%, and NOVAERA S.A. by 25%.

In recent years, NECO S.A. has achieved considerably high electricity sales through the Greek international electrical interconnections.

The company has set a target for the development of new power generation plant from renewable energy sources and particularly from hydro-power stations and wind parks in the neighboring country Bulgaria, currently being in different licensing stages, thereby establishing its own generation base.