Send to Kindle
Maritsa-Iztok @Wikimedia Commons
Bulgaria's Minister of Environment and Water, Julian Popov, has affirmed the country's commitment to phasing out coal-fired power plants, emphasizing that the transition will be market-driven rather than state-mandated. Minister Popov stated that the market forces are currently leading the closure of such plants and predicted that there is no viable future for them beyond 2030.
Currently, 25% of Bulgaria's electricity comes from renewable sources, with a focus on further developing wind energy. Minister Popov noted that many private power plants are seriously considering abandoning coal within the next three years.
Highlighting the potential for the Maritsa-Iztok region to attract substantial investments, Minister Popov estimated that the area could secure between BGN 20-30 billion in investments over the next decade, provided there is a clear and predictable regulatory environment.
Minister Julian Popov emphasized the importance of a fair transition from coal and natural gas to renewable energy, ensuring that a significant number of jobs and energy-poor individuals are not adversely affected.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
According to the latest Eurostat data published today, 6.8% of the European Union's population experienced severe material and social deprivation in 2023
On September 17, 2024, Bulgaria will experience significant cloud cover with localized rain showers
The first day of school in Bulgaria began with cool temperatures ranging from 6 to 11 degrees Celsius in most areas
Bulgaria's President Rumen Radev urged the media to avoid allowing political speculators and self-proclaimed experts to manipulate public opinion regarding the crash of a military plane near 'Graf Ignatievo' Air Base
Atanas Pekanov, Bulgaria's former vice-prime minister for European funds under the "Donev" administration, has warned that the country is likely to forfeit at least 500 million leva (250 million euros) from the Recovery and Sustainability Plan
In the 5th round of the 45th FIDE Chess Olympiad in Budapest, Bulgaria’s women’s chess team secured a narrow 2.5:1.5 victory over Latvia
Bulgaria has committed to phasing out coal by 2038, a reminder included in the European Commission's annual report on energy across the EU
One in four Bulgarians is unable to afford heating during the winter months
According to the European Commission’s annual report on the Energy Union, EU gas storage facilities are now 90% full
NEW NUCLEAR-SPECIFIC GenAI SYSTEM WILL ENABLE COMPANY'S CUSTOMERS TO DEVELOP NUCLEAR SOLUTIONS WITH THE HELP OF ARTIFICIAL INTELLIGENCE
Starting in 2029, heating with wood and coal will be entirely banned in Sofia
In the coming two months, the company "Kozloduy NPP - New Powers" is set to finalize an engineering contract with a consortium comprised of South Korea's Hyundai Engineering and Construction and the American firm Westinghouse Electric Company.
Bulgaria Ranks Second in the Balkans at Paris 2024 Olympics, 26th Overall
Bulgaria Leads Europe in Heat-Related Deaths in Record-Breaking 2023
