The Largest Thermal Power Plant in Kyiv Region has been Destroyed by the Russians
Amid escalating tensions, the Trypilska thermal power plant in the Kyiv region fell victim to devastating Russian strikes, leaving it in ruins
Bulgaria’s Commission for Energy and Water Regulation (KEVR) has approved the power purchase agreement between US-owned thermal power plant ContourGlobal Maritsa East 3 TPP and the National Electric Company (NEK).
KEVR Chair Ivan Ivanov announced Thursday that the agreement signed on August 14 between the two entities on amending the existing PPA had been approved at a closed meeting of the watchdog.
Ivanov, as cited by the Focus news agency, said that the move paved the way for the entry into force of the new terms of the contracts with the two US-owned TPPs, ContourGlobal Maritsa East 3 TPP and AES 3C Maritza East I.
In order for the two agreements to take effect, Bulgaria’s national power utility needs to pay its debt to the two TPPs first.
Ivanov made clear that a tender would be announced via the Official Journal of the European Union for a bank to provide NEK with the resources necessary for the purpose.
NEK needs a loan of around BGN 1 B to settle its debts to the two US-owned TPPs.
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