5 Companies Confirmed their Offers for Belene NPP
All 5 companies from the shortlist of approved strategic investors for Belene NPP have confirmed their offers.
The halting of Units 3 and 4 of Bulgaria’s Nuclear Power Plant (NPP) “Kozloduy” will cost the European Union EUR 860 M by 2013 , according to MEP, Geoffrey Van Orden.
The British Member of the European Parliament, who is a former rapporteur to the EP for Bulgaria, spoke Monday, during a round table dedicated to the project to build a second NPP in Bulgaria, in the Danube town of Belene.
Van Orden said the above is a significant amount, but pointed out Bulgaria must be guaranteed its energy capacity and be compensated for the closure of the Units, which he deems unnecessary.
“I fought against this closure; it was pointless and was not done over security concerns. This closure led to a lower export of electric power from Bulgaria and increased the use of the harmful lignite coal,” the MEP stated, reminding that the EP is most likely to vote on the compensations on May 18.
Regarding the NPP “Belene” Van Orden pointed out the project’s strategic investors must be from the European Union and the cabinet’s decision to build it must be based on the principle of maximum diversification, taking into consideration Russian policies and the possible negative consequences of Moscow’s participation. The EU-backed “Nabucco” line, Van Orden says, is crucial for such diversification of natural gas supplies to Bulgaria.
The UK MEP further said Bulgaria has all the potential to become the Balkans energy hub, but lacks a good energy strategy.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
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
Natural gas prices in Europe experienced a significant spike, surpassing 2% to reach 29 euros per megawatt-hour (MWh) on Monday
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022