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Bulgaria's Economy Minister Traikov said the cabinet is due to make key energy sector decisions in September. Photo by BGNES
The Bulgarian government of the GERB party is going to decide in September whether to go ahead with the construction of the Belene Nuclear Power Plant, or to kill the project.
This was stated Sunday by the Bulgarian Minister of Economy, Energy, and Tourism, Traicho Traikov, who also told the Bulgarian National Radio that the cabinet had not given up the project.
"One of the major factors in our decision will be how much the electricity produced at Belene is going to cost. It will be more expensive than that produced at the Kozloduy Power Plant," Traikov said. In his words, Bulgaria had the cheapest electricity in Europe.
The Minister also announced that a new law for tourism was being drafted, and is due to be adopted by the Parliament in September.
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Caretaker Economy Minister Kiril Petkov Friday said that his ministry is preparing an alert to the prosecution service about a project for "a ministerial complex in Sofia Tech Park".
The construction of BGN 40 million production plant for aluminum profiles, the largest on the Balkans, has started in Trakia Economic Zone.
Certainly the anti-epidemic measures have had their effect and the situation has improved, stated on bTV Minister of Economy Lachezar Borisov commenting on the partial lockdown in Bulgaria and the plans for opening the state after 21 December.
"At this stage, a full lockdown is not expected.
The United Arab Emirates said on Monday that it had licensed a reactor at its nuclear power plant in Barakah, the first in the Arab world, and that it would start operating in the "near future".
All 5 companies from the shortlist of approved strategic investors for Belene NPP have confirmed their offers.
The Nuclear Regulatory Agency (NRA) has greenlit the phased transition to a new type of nuclear fuel for Unit 5 of Kozloduy Nuclear Power Plant (NPP), manufactured by Westinghouse
In a bid to enhance its energy security and diversify its gas supply sources, Bulgargaz is gearing up for the first deliveries of liquefied gas through the Alexandroupolis terminal, set to commence in May
The Greek national electricity company, PPC, has announced plans to acquire 500 megawatts of photovoltaic capacity in Bulgaria
Oil prices have surged due to renewed concerns about the Middle East conflict. Brent crude futures increased by 0.32% to 90.80 USD per barrel, while American WTI crude rose by 0.3% to 86.50 USD per barrel
Bulgaria's state-owned energy company, "Bulgargaz," has suffered a significant setback, losing 27% of its market share as a result of a contract with the Turkish company "Botas"
A remarkable shift in Bulgaria's energy landscape has been unveiled in the latest report from the Commission for Energy and Water Regulation, submitted to the Bulgarian parliament
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022
