Greek Crisis Brings Down Bulgaria's Electricity Exports

Business » ENERGY | August 28, 2012, Tuesday // 11:47
Bulgaria: Greek Crisis Brings Down Bulgaria's Electricity Exports Ivan Yotov, CEO of Bulgaria's Electricity System Operator. Photo by karieri.bg

Bulgaria has registered a 21.8% drop in its electricity exports since the beginning of 2012, according to Ivan Yotov, CEO of Bulgaria's Electricity System Operator.

Between January 1 and August 20, the Balkan country exported 1500 GWh less than it did in the same period of 2011.

The considerable decrease is mainly due to the deepening financial crisis and the situation in Greece in particular, Yotov has explained in an interview for Capital Daily.

He revealed that Bulgaria's s electricity transmission system has experienced some problems recently due to the incorporation of numerous small renewable energy plants (mostly photovoltaic.)

Bulgaria is currently developing a 10-year plan to enhance electricity transmission system by 2022, Yotov also said.

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Tags: greece, crisis, electricity, exports, renewable energy

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