The South Stream gas pipeline is project of high priority for Bulgaria, Prime Minister Boyko Borisov has declared. Borisov has pointed out the financial benefits of projects like South Stream that make use of his country’s geostrategic location. He added that the money gathered by Bulgaria from this project will be used for “retirement pensions, salaries and asphalt,” the latter referring to [...]
May 20, 2012 | Posted in
Energy |
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The preferential prices for purchasing energy from renewable sources will be reduced from July 1, 2012, according to Angel Semerdzhiev, Chair of the State Commission for Energy and Eater Regulation (DKEVR). “Analysis is now underway, but energy prices will definitely drop, especially prices of energy generated by photovoltaic plants, because capital expenditures are also decreasing,” the DKEVR Chair explained Tuesday, [...]
May 15, 2012 | Posted in
Energy |
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Power distributor CEZ, which supplies electricity to Western Bulgaria, opened Thursday a photovoltaic plant in the northwestern village of Gara Oreshets nearVidin. The photovoltaic facility occupies a territory of 100 decares and was built in the place of a defunct wood processing plant in the industrial zone of the village. The unit absorbed investments of EUR 10 M and has [...]
May 11, 2012 | Posted in
Energy |
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The reactor that is being built for the Belene NPP is 80% ready, according toValentin Nikolov, the new director of the Kozloduy. Under current plans, the facility is to be moved from the Belene NPP, which will not be built, to the Kozloduy NPP as a seventh unit. In a Thursday interview for the Bulgarian National Television (BNT), Nikolov [...]
May 10, 2012 | Posted in
Energy |
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The largest increase of prices of fuel in Europe in the first quarter of 2012 has been registered in Hungary (15.6%), Poland (15.1%) and Bulgaria (14.9%). The data was published by the online information and analyses site “Neft Rosii” (Russian Oil). The ranking has been made by experts from the Center for Economic Research “RIA-Analitika,” who have studied stats about 95 [...]
May 6, 2012 | Posted in
Energy |
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A project company will be established within the next 10 days for the construction of Unit 7 at the country’s only existing nuclear power plant in the Danube town of Kozloduy, the country’s Economy and Energy Minister Delyan Dobrev said Monday. Currently, a working group is developing a road map for the project. Once the [...]
May 2, 2012 | Posted in
Energy |
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Bulgarian PM Boyko Borisov said that his cabinet will work toward and expects actually lowering the prices of fuels in the country. “The government expects to further reduce the prices of fuels and has good arguments about that,” stated Borisov while on a visit to Plovdiv Sunday. “Cabinet makes many efforts to reduce fuel prices, but in all cases, interests [...]
April 30, 2012 | Posted in
Energy |
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The Sofia City Prosecutor’s Office has started a procedure against two former CEOs of the Bulgarian National Electric Company NEK over the controversial project for a second Bulgarian nuclear power plant in Belene. The two former CEOs of NEK Lyubomir Velkov and Mardik Papazyan are to be charged for incurring losses worth EUR 200 M under the contract for the construction of the Belene NPP between NEK and the Russian [...]
April 25, 2012 | Posted in
Energy |
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Bulgaria’s only operational nuclear power plant in the Danube town of Kozloduy has started the first phase of the procedure to extend the life of its two 1000 MW reactors by 20 years. The Kozloduy NPP has made a contract with a consortium of RosenergoatomRussia and French company EDF formally called Consortium OAD “ConcernRosenergoatom” (Russia) – EDF (France) for complex surveying and appraisal of the resources and equipment [...]
April 21, 2012 | Posted in
Energy |
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Bulgarian environmentalists are to protest on Saturday in downtown Sofia against potential shale gas research and exploration in the country. “The fight is not over! For the conclusive ban on shale gas!” the main slogan of the rally is set to be. The protesters are demanding new legislation to be adopted, tackling all exploration activities, [...]
March 10, 2012 | Posted in
Energy |
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