European Commission Grants Greece 1 Billion Euros for Renewable Energy Projects
With the aim to bolster renewable energy infrastructure, the European Commission has greenlit funding of 1 billion euros for two key projects in Greece
Bulgaria’s Prime Minister has pledged a new special unit comprising prosecutors, officers of the State Agency for National Security (DANS), and experts that would oversee the energy sector.
Speaking Sunday in Sliven, Borisov told journalists that he had scheduled a meeting with representatives of the Bulgarian Energy Holding (BEH).
Borisov, as cited by the Focus news agency, claimed that there weak points in the system, such as between renewable energy plants and power distributors, where fraud schemes could be implemented due to the absolute lack of control.
He said that the new unit would keep track of the movement of invoices and watch out for cases of overcharging.
Commenting on the new power tariffs as of August 1, 2015, Borisov underscored that the authorities had done everything possible to keep electricity prices for household consumers unchanged.
He reminded that the Commission for Energy and Water Regulation (KEVR) was an absolutely independent entity consisting of 9 members who had been nominated by and elected by Parliament.
Borisov declared that the government was seeking to cut costs in a number of spheres.
He suggested that state-owned energy companies were spending much more than they could afford.
Bulgaria’s Prime Minister insisted that the energy sector was plagued by outrageous decisions taken over the past 15-20 years
He blamed the socialist-led government of Prime Minister Plamen Oresharski for the predicament of the energy sector
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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"
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
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