Bulgaria's Energy Ministry, Kozloduy Fund Sign 5 Grant Agreements

Business » ENERGY | November 16, 2013, Saturday // 19:56
Bulgaria: Bulgaria's Energy Ministry, Kozloduy Fund Sign 5 Grant Agreements Photo by BGNES

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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Tags: Kozloduy International Fund, decommissioning aid, Ministry of Economy and Energy, Maritsa Iztok mines, Electricity System Operator, ESO
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