Bulgargaz Pursues Legal Action Against Gazprom Over Gas Supply Cuts
During a briefing at the Ministry of Energy, it was revealed that Bulgargaz intends to pursue legal action against Gazprom Export, seeking damages amounting to BGN 400 million
Once launched, the procedure for the selection of a strategic investor for the Belene NPP project should be completed within a year, Minister of Energy Temenuzhka Petkova told the Parliament, quoted by Focus News Agency.
Investors willing to acquire a minority share or industrial consumers interested in power supply will also be given the opportunity to take part in the procedure, the minister explained. No changes will be allowed to the project design in terms of safety. Also, the plant will have to be built with the available equipment. The terms imply blocking quota for the state and participation of local companies in the construction. The construction is expected to cost less than BGN 9 billion, such an offer would be the highest-rated, the minister said. Companies from China, Korea and France, namely CNNC, Korea Hydro & Nuclear Power and Areva, have declared interest in Belene NPP, it remains to be seen if that interest will be confirmed as part of the procedure, she added.
"We consider this period to be realistic given that our project is at a very advanced stage in terms of the entire licensing process, and we have a site on which the necessary infrastructure is in place, and we believe there are prerequisites for this project to be realized in shorter terms of 10 years, "said Petkova, quoted by Focus.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
During a briefing at the Ministry of Energy, it was revealed that Bulgargaz intends to pursue legal action against Gazprom Export, seeking damages amounting to BGN 400 million
"Toplofikatsia Sofia," the capital's heating supply company, has proposed a significant reduction in the price of thermal energy starting from July 1st
The Kozloduy Nuclear Power Plant (NPP) in Bulgaria is set to embark on a significant transition as it begins the process of replacing Russian nuclear fuel with American fuel from Westinghouse
Bulgargaz, the leading public gas supplier in Bulgaria, anticipates a notable decrease in the price of natural gas for the upcoming month of May. According to Lyudmila Vitanova
Eurostat's latest findings have shed light on the shifting landscape of household energy prices in the European Union, with Bulgaria emerging as a frontrunner in affordability.
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
Sofia Airport's Terminal 3 Construction Set to Begin in Early 2026
COVID-19 Impact: Bulgaria's Grim Milestone as Highest Death Rate in EU