Bulgaria Pressured to Invest in Green Energy - PM

Business » ENERGY | January 18, 2012, Wednesday // 12:56
Bulgaria: Bulgaria Pressured to Invest in Green Energy - PM Bulgaria's Prime Minister Boyko Borisov. Photo by EPA/BGNES

Bulgaria is under a huge pressure to invest in green energy, the country's Prime Minister Boyko Borisov stated during his visit to Germany.

Borisov stated that his country's legislation on green energy had to be altered twice in order to deal with "attacks" concerning projects worth billions of Euro.

Bulgaria has already reached its renewable energy quota set for 2020, the Prime Minister believes. He pointed out that renewable energy capacities of 2000 MW are currently being installed in Bulgara, with 800 MW more being approved of.

However, he declared that the green energy expansion has proved to be too expensive for the poor Bulgarian taxpayer.

"I tackled this topic since I know that you will ask me about it. You'd better not ask me, because this is horrible for the Bulgarian taxpayers, who are still the poorest in Europe," Borisov said, as cited by dnevnik.bg.

On Wednesday, he met with the management of the Committee on Eastern European Economic Relations.

During the meeting, the Bulgarian Prime Minister reiterated that his country seeks to attract investors who can create jobs and increase its high-value added export-oriented production.

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Tags: renewable energy, green energy, Boyko Borisov, Germany, economy, investors

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