The caretaker cabinet has approved state guarantees amounting to over EUR 79 million under loan agreements with the National Electric Company for financing the investment project on the modernization and rehabilitation of Chaira Hydro Power Plant. The initially planned guarantee of EUR 40.9 million is being increased due to rising capital expenditures following the update of the project for the restoration of Chaira Hydro Power Plant in light of the need for a greater share of renewable energy in the energy mix.
The Chaira Hydro Power Plant, located in the Rila Mountains beneath the Belmeken reservoir, is the largest pumped-storage plant in Southeast Europe, with four hydro units. However, it has not been operational since 2022 due to the failure of its turbines. The restoration of the plant will be supported by the Japanese company Toshiba Energy Systems & Solutions Corporation.
On Friday morning visibility will be diminished in parts of the lowlands and valleys. Minimum temperatures 5-10° C., for Sofia 6° C. During the day there will be sun with scattered clouds. Maximum temperatures 17-22° C., for Sofia around 17° C...
The GERB party will make every effort to form a regular government with a full mandate. This was what the leader of the party Boyko Borissov said this morning during a meeting with the ambassadors of the EU countries in Bulgaria. He announced this..
GERB leader Boyko Borisov must answer clearly whether he will remove Delyan Peevski from his entourage and return to the European development of Bulgaria, or work with Delyan Peevski and move Bulgaria towards a dictatorship, as Peevski is currently..
“We are going to take part in talks with GERB, but if they intend to get Delyan Peevski in through the front door we’re out,” said MEP Ilhan Kyuchuk..
On 30 October, the Regional Museum of History in Razgrad is organizing free guided tours around the Abrittus archaeological reserve to mark the end of..
“We do not have an answer, as yet, from any political party, to the proposal for a cordon sanitaire around the Movement for Rights and Freedoms-New..
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