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Bulgaria's Ministry of Economy and Energy and the donors of the Kozloduy International Decommissioning Support Fund signed five new grant agreements worth over EUR 85 M in London.
The Fund disburses additional financial assistance of nearly EUR 35 M for new machines which will boost the capacity of the Maritsa Iztok Mines and for the upgrade and expansion of the central dispatching unit of the Electricity System Operator (ESO), according to the press office of the Ministry.
Agreement in principle was reached for supporting the energy efficiency fund and renewable energy sources, as well as for building gas transmission networks with automatic stations to the towns of Svishtov, Panagyurishte, Pirdop, Bansko, and Razlog.
Two grant agreements for the rehabilitation of the Belmeken – Sestrimo – Chaira hydro power complex were also signed.
The remaining sum of nearly EUR 51 M will go to paying the workers participating in the decommissioning activities at the Kozloduy nuclear power plant in the period 2014-2016.
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The facilities managed by the Electricity System Operator have been prepared by the company's teams to ensure the trouble-free and safe operation of the power transmission system during the fall-winter season 2022/2023
A check by the State Financial Inspection Agency found that more than BGN 500,000 were missing from the Bulgarian Academy of Sciences and the Municipality of Burgas.
Measures to stabilise the prices at the free electricity market were discussed at a meeting in the Energy and Water Regulatory Commission on 14th of January, reported the Bulgarian National Television.
Electricity exports from Bulgaria to neighbouring countries will continue as of 01:00 local time (EET) on February 09, the Energy Ministry says.
Bulgaria will halt the exports of electricity as of 01:00 (EET) on Friday, the Energy Ministry says.
As many as 117 towns and villages have been left cut off from the power supplies due to severe weather conditions in Eastern Bulgaria, the outgoing Energy Minister has said.
In a bid to enhance its energy security and diversify its gas supply sources, Bulgargaz is gearing up for the first deliveries of liquefied gas through the Alexandroupolis terminal, set to commence in May
The Greek national electricity company, PPC, has announced plans to acquire 500 megawatts of photovoltaic capacity in Bulgaria
Oil prices have surged due to renewed concerns about the Middle East conflict. Brent crude futures increased by 0.32% to 90.80 USD per barrel, while American WTI crude rose by 0.3% to 86.50 USD per barrel
Bulgaria's state-owned energy company, "Bulgargaz," has suffered a significant setback, losing 27% of its market share as a result of a contract with the Turkish company "Botas"
A remarkable shift in Bulgaria's energy landscape has been unveiled in the latest report from the Commission for Energy and Water Regulation, submitted to the Bulgarian parliament
Natural gas prices in Europe experienced a significant spike, surpassing 2% to reach 29 euros per megawatt-hour (MWh) on Monday
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022
