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
Ukraine's parliament, the Verkhovna Rada, has passed a law allowing the purchase of two Russian-made nuclear reactors originally intended for Bulgaria's Belene Nuclear Power Plant
Ukraine's parliament has given the green light for the acquisition of two nuclear reactors initially intended for Bulgaria's Belene Nuclear Power Plant (NPP)
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
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