IAEA Director General Warns of Imminent Nuclear Catastrophe
The head of the International Atomic Energy Agency (IAEA), Rafael Grossi, has issued a dire warning, stating that the world is teetering on the brink of a "nuclear catastrophe"
Russian energy giant Rosatom will ensure that reactors for the abandoned Belene nuclear power plant (NPP) will be properly stored after being received by Bulgaria, media outlets report.
The obligation will be sealed in a contract between Rosatom and Bulgaria's state-owned National Electricity Company, according to Capital daily. The reactors will be stored at the Belene construction site, where the plant was to be built.
Reactors are expected to be delivered in April.
There is no clarity what will be done with them in the short term after the Belene NPP project, for which they were manufactured, was abandoned by Bulgaria in 2012. The country will be handed the reactors after losing an arbitration suit and paying off more than EUR 600 M in debt to Atomstroyexport, a Rosatom subsidiary.
Sofia, on the other hand, considers reviving the project through privatization, but has not yet taken formal steps, despite reported interest from foreign companies.
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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
Amidst Ukraine's urgent need for additional power sources following the closure of the Russian-controlled Zaporizhzhia nuclear power plant
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022