Text size

Bulgaria planning projects for €46 billion to remain energy leader in the region

published on 1/18/23 6:38 PM

Photo: pixabay

The Council of Ministers approved at today's meeting a strategic vision for the development of the country's electricity sector in 2023-2053. The strategy aims for Bulgaria to remain a leader in the production and export of electric power in the region .

The document envisages the use of domestic lignite by 2030 and its gradual reduction and phase-out by 2038.

Four new nuclear reactors are to be built to replace the capacity that will be decommissioned. Two of them are expected to be built at Kozloduy NPP site and another two at Belene.

The development of photovoltaic and wind capacities and wind turbines is also envisaged.

A key element for the future is the production of hydrogen to reduce Bulgaria's dependence on natural gas imports. The estimated cost of implementing all the projects included in the new energy strategy amounts to around €46 billion.

Radio Bulgaria Economy 2023-2053 electricity strategy

More from category

EU Commission: Bulgaria has not yet submitted a formal request for renegotiation of the NRRP

Even if Bulgaria manages to renegotiate its National Recovery and Resilience Plan (NRRP), the climate neutrality targets must still be met, representatives of the European Commission told BNR. This means that Sofia must devote at least 37% of the..

published on 3/29/23 1:46 PM

Architectural Building Week opens in Sofia

Architectural Building Week international trade fair will be held at Inter Expo Center, Sofia starting on 29th March. Construction equipment, machines, tools, insulation, building materials, windows, doors, sanitary equipment, etc. will be presented on..

published on 3/29/23 7:05 AM

Bulgaria to sign deals with US, France for four nuclear units at Kozloduy, Benele N-Plants, deputy minister says

Bulgaria will agree an engineering deal with U.S. company Westinghouse for the construction of two AP1000 reactors at the Kozloduy Nuclear Power Plant, Deputy Energy Minister Elenko Bozhkov said. A FEED (Front End Engineering Design) contract is to be..

published on 3/28/23 1:46 PM

WEATHER

Pick city: Sofía

Mostly Cloudy
Min: 5 | Max: 18

BULGARIA IN PICTURES

EU Commission: Bulgaria has not yet submitted a formal request for renegotiation of the NRRP

Even if Bulgaria manages to renegotiate its National Recovery and Resilience Plan (NRRP), the climate neutrality targets must still be met,..

published on 3/29/23 1:46 PM

Share

Bulgaria planning projects for €46 billion to remain energy leader in the region

More from category

EU Commission: Bulgaria has not yet submitted a formal request for renegotiation of the NRRP

Architectural Building Week opens in Sofia

Bulgaria to sign deals with US, France for four nuclear units at Kozloduy, Benele N-Plants, deputy minister says

EU Commission: Bulgaria has not yet submitted a formal request for renegotiation of the NRRP