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
Representatives of the business sector will take part in the work of the company boards of all state-owned energy firms, according to a decision adopted at a meeting between Prime Minister Boyko Borisov, Energy Minister Temenuzhka Petkova, Delyan Dobrev, Chair of the parliamentary energy committee, and employers’ associations.
Deputy Prime Minister Tomislav Donchev commented that the measure would help identify and downsize unnecessary costs at state-owned energy firms.
The participants in Wednesday’s meeting also agreed that the presence of employers’ associations in Bulgaria’s Commission for Energy and Water Regulation (KEVR) would increase.
They also agreed that legal amendments would pave the way for the introduction of a moratorium on the granting of preferential terms for the purchase of electricity, according to reports of the Bulgarian National Radio.
The participants in the meeting approved the establishment of a public register of all companies selling electricity at preferential tariffs.
They also decided that the preferential tariffs for renewable energy companies would be revoked in the case of establishing infringements on their part.
Business and government representatives and Borisov decided that a working group headed by Deputy Prime Minister Tomislav Donchev, which would also include Energy Minister Temenuzhka Petkova, Finance Minister Vladislav Goranov, Delyan Dobrev, Chair of the parliamentary energy committee, and representatives of employers’ associations, would draft a road map for reforms in the energy sector.
Kiril Domuschiev, head of the Confederation of Employers and Industrialists in Bulgaria (CEIBG), Vasil Velev, Chair of the Bulgarian Industrial Capital Association (BICA), and Tsvetan Simeonov, Chair of the Bulgarian Chamber of Commerce and Industry (BCCI), made clear that they still demanded the resignation of Ivan Ivanov, Chair of KEVR, according to reports of the Bulgarian Telegraph Agency (BTA).
They informed that they had not decided yet whether or not a protest would be held at the end of September over the increase in electricity prices for industrial consumers.
From July 1, 2025, Bulgarian households are expected to see an average increase of just under 5% in their electricit
Since its commercial launch at the end of 2022, the Greece–Bulgaria gas interconnector (IGB) has transported more than 34.5 million MWh of natural gas
The upcoming changeover from the lev to the euro in Bulgaria will not drive fuel prices up
Greek media and energy sector figures have raised sharp criticism over the way the Greece-Bulgaria gas interconnector (IGB) is being operated, claiming it harms Greece’s national interests
Bulgaria’s Minister of Energy, Zhecho Stankov, has assured that the adoption of the euro will not lead to an increase in electricity prices
The Vertical Gas Corridor is projected to be completed by mid-2026, with over 450 workers currently engaged on the project
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