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.
Increased traffic is expected on the country's roads during the weekend . During peak hours, 1,500 cars per hour will pass on the highways. A special traffic organization has been introduced on the Hemus highway. Traffic for heavy trucks through..
In the presence of diplomats, Bulgarian Foreign Minister Ivan Kondov unveiled in Plovdiv the latest mural from the ministry's competition "Bulgaria - More Beautiful in NATO". The event is dedicated to the 20th anniversary of the country's membership in..
On Saturday, a cold front will sweep across the country. During the night there will be rain in Western and Central Bulgaria, and snow in the mountains and on higher ground. A snow cover will form. Minimum temperatures 1-6° C., for Sofia around 1°..
12 settlements in Smolyan district are without electricity after the heavy snowfall yesterday. Settlements in the municipalities of Smolyan, Devin and..
This year, employers prefer to replace the 13th salary with Christmas events and bonuses. Less than 50% of companies in Bulgaria pay bonuses...
Long lines of trucks and cars have formed at the border with Turkiye, reported Nova TV. The line of trucks on the Maritsa motorway has reached..
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