Nearly 20% of Households in Bulgaria and Greece Face Winter Without Adequate Heating
Nearly one in five residents in Greece and Bulgaria struggle to keep their homes warm
Kozloduy Nuclear Power Plant
A new contract tied to the future construction of Kozloduy NPP’s seventh and eighth units was signed at the Council of Ministers between Kozloduy NPP–New Power Plants and the LEP-BWXT-CNPSA consortium. Energy Minister Zhecho Stankov described the agreement as a milestone, calling the project the most significant undertaking not only for the current decade but also for the next one.
Stankov noted that while the major IPC contract is expected to be finalized next year, today’s agreement is the next most important step in the overall timeline. He highlighted that the Canadian-led consortium has so far met expectations in terms of quality, deadlines and budget discipline. According to him, the partnership reflects the parliamentary decision assigning the Westinghouse–Hyundai consortium to supply technology and construct Units 7 and 8, with the newly signed contract reinforcing the framework needed to reach the end goal.
The minister added that Bulgaria’s interest extends beyond large-scale reactors. He said both the state and local businesses see potential in small modular nuclear technologies and expressed confidence that alongside completing Units 7 and 8, Bulgaria will make progress toward introducing modular reactors domestically and potentially across the Balkans.
The signing ceremony was attended by senior officials, including Stankov, Ontario’s Minister of Energy and Mining Stephen Lecce, the Canadian Ambassador to Romania, Bulgaria and Moldova Gavin Buchan, the acting US Ambassador to Bulgaria Martin McDowell and representatives from energy-sector organizations and businesses.
The consortium, dominated by Canadian companies, will support Bulgaria in overseeing investor control and supervising activities such as design, procurement, construction and commissioning of the new nuclear units, as well as the initial engineering phase.
Building Units 7 and 8 at Kozloduy remains central to Bulgaria’s long-term energy security strategy and is seen as a project with regional importance for Southeastern Europe.
The Energy and Water Regulatory Commission has set the price of natural gas for December at 63.01 BGN per MWh, equivalent to 32.22 EUR per MWh
The Municipality of Gotse Delchev has approved one of the largest infrastructure projects in the region, granting unanimous consent to a cooperation agreement with the Swiss company
Turkey’s state-run energy company Botas reported a record loss of USD 1 billion (around 1.85 billion BGN) in 2024
Dimitar Georgiev, a Bulgarian financier and international markets analyst, stated that he does not anticipate any further increase in fuel prices in the country
Vladislav Panev, from the “Acceleration” Club and a former MP with the “Green Movement,” described the appointment of Rumen Spetsov as a special manager of Lukoil Bulgaria as surprising
Bulgaria’s Energy Minister Zhecho Stankov has confirmed that the United States has not imposed any additional conditions for the temporary exemption from sanctions targeting Lukoil
Bulgaria's Strategic Role in the EU's Drone Wall Defense Initiative
When Politics Means Violence