Russian Missile Strikes Target Ukraine's Energy System
Russia has intensified pressure on Ukraine's energy infrastructure with targeted missile strikes hitting facilities in central and western regions
The money for the Belene Nuclear Power Plant, which Bulgaria owes to Russia, must be secured in spite of the resignation of the government.
This expenditure has been approved by a decision of Parliament and has legal force, warned the Deputy Chairman of the Energy Commission Valentin Nikolov.
The Arbitration Court in Geneva ruled that Bulgaria must pay Russia over BGN 1 B for the equipment ordered for the Belene NPP. In order for the interest on the debt to be waived, the payment has to be made by December 15.
“If the new government comes to power and decides not to fulfill this commitment, then this amount will have to be added to the sum and it will increase together with the interest which is accrued daily,” explained Nikolov.
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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"
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