Baltic States Cut Energy Ties with Russia, Join EU Power Grid
The Baltic states of Estonia, Latvia, and Lithuania have officially disconnected from Russia’s electricity grid and successfully integrated into the European Union’s power network
The capacity of Bulgaria's sole nuclear power plant, Kozloduy, will be increased by 60 MW as its generators will be replaced, it was announced on Tuesday.
The reconstruction works will take two years and will cost EUR 30 M.
"We are getting near to the fulfillment of that idea," Bulgaria's Minister of Economy, Energy and Tourism Traicho Traikov told the Bulgarian National Radio. He confirmed that the discussions have been launched on the increase of Kozloduy's capacity already several months ago.
Later on Tuesday, the Minister will visit the nuclear power plant's two working units (Unit 5 and Unit 6), which are expected to set a new record in their yearly production of electricity in their history.
At the end of August 2011, Unit 6 turned 20, and its exploitation deadline is set to expire in 2019, while that of Unit 5 expires two years earlier.
The 440-MW Soviet-era reactors 1, 2, 3, and 4 of the Kozloduy NPP were shut down in 2002 and 2006 on EU insistence leaving the Kozloduy plant only with two 1000-MW reactors in operation.
For the ninth consecutive year (excluding 2022), the electrical industry remains the largest contributor to Bulgaria's exports, as reported by the Bulgarian Association of Electrical Engineering and Electronics (BASEL)
European natural gas prices have climbed above €55 per megawatt-hour for the first time in 16 months, driven by colder temperatures across the continent that are increasing demand for heating fuel
Serbian oil and gas company NIS, controlled by Russia’s Gazprom, is considering exiting its operations in Bulgaria and Romania due to ongoing difficulties in both markets
The Russian company Lukoil initiated the process of selling its Bulgarian assets in June last year, Prime Minister Rosen Zhelyazkov announced during a parliamentary hearing
In 2023, 10.6% of the population in the European Union reported being unable to keep their homes adequately warm
The Bulgarian government has announced a program to compensate businesses and non-household electricity subscribers for high energy costs until the end of March
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