Deadly Attack Targets Chinese Engineers in Pakistan
Amid a surge in violence targeting Chinese interests, a devastating suicide bombing struck a convoy of Chinese engineers in northwestern Pakistan, claiming the lives of six individuals
HOT: » Assessing the Legacy of Bulgaria's "Denkov" Cabinet: Achievements, Failures, and What Comes Next
Bulgarian Prime Minister Boyko Borisov has admitted that the introduction of the contested grid access fee for renewable energy producers was his idea, but the decision was tough to take.
"We would have driven the state to bankruptcy, had we not interfered on time," Borisov said Tuesday, commenting on the grid access fee paid by renewable energy producers.
"If we had fetched panels worth billions, we would be having no wheat but only wind turbines," Bulgaria's Prime Minister stated, as cited by econ.bg.
He pointed out that the decision to introduce the grid access fee, which was met with repeated protests of renewable energy producers, was his and had been pretty tough to make.
Bulgaria's Prime Minister emphasized that Bulgarian citizens were dearer to him than investors.
The grid access fee was introduced on September 14, 2012, after which renewable electricity producers staged multiple protests, asserting that the fee was discriminatory.
Meanwhile, Economy and Energy Minister Delyan Dobrev reminded that the fee was to be revised six months after its introduction.
He argued that the fee was absolutely legal, citing legal provisions on the matter from 2007.
Dobrev claimed that investments of EUR 5 B had already been made in renewable energy sources in Bulgaria, adding that the expenses for renewable energy projects were high and had to be covered by the investors.
Borisov noted that these expenses were currently covered by the people, whose electricity bills were 13% higher.
The Prime Minister stressed that renewable electricity was more expensive due to the fact that wind turbines and solar panels were imported from China as no investments had yet been allocated to a plant for such installations.
The Prime Minister also argued that grid losses in Bulgaria amounted to the output of a nuclear reactor.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
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
Amidst Ukraine's urgent need for additional power sources following the closure of the Russian-controlled Zaporizhzhia nuclear power plant
Bulgarian lawmakers have taken a significant step toward bolstering the nation's energy infrastructure by advancing cooperation with the United States for the construction of Units 7 and 8 at the Kozloduy Nuclear Power Plant
The Bulgarian Parliament has ratified the Agreement between the Government of the Republic of Bulgaria and the Government of the United States on cooperation regarding the construction of nuclear power at the Kozloduy Nuclear Power Plant
During a forum in Alexandroupolis, US Assistant Secretary of State for Energy, Jeffrey Payatt, highlighted the significance of a gas pipeline project through Bulgaria as the next pivotal step for energy development in the region
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022