Bulgargaz Pursues Legal Action Against Gazprom Over Gas Supply Cuts
During a briefing at the Ministry of Energy, it was revealed that Bulgargaz intends to pursue legal action against Gazprom Export, seeking damages amounting to BGN 400 million
Reuters reported that Bulgaria plans to open a tender to pick a strategic investor for its revived Belene nuclear power project on the Danube next month and to pick a winner by the end of 2019. China's state-owned CNNC, France's Framatome - a unit of EDF - and state-run Korea Hydro & Nuclear Power Co have expressed interest in the project to build two 1,000 megawatt nuclear reactors at Belene.
Bulgaria Energy Minister Ms Temenuzhka Petkova said an invitation to become a strategic investor would also be extended to Russia's Rosatom.
Sofia cancelled the Belene project in 2012 after failing to find investors and facing pressure from the United States and the European Union to limit its energy dependence on Russia, which had been under contract to build the plant.
In June, parliament ordered the government to revive the project.
Bulgaria plans to keep a blocking stake in the venture, Petkova said. She added that the government would prefer an investor who plans to build the plant within eight years for about 9 billion euros (USD 10.23 billion).
Ms Petkova told a parliamentary hearing that "We have a site on which the necessary infrastructure is in place and we believe the conditions exist for this project to be completed in a shorter term than 10 years.”
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During a briefing at the Ministry of Energy, it was revealed that Bulgargaz intends to pursue legal action against Gazprom Export, seeking damages amounting to BGN 400 million
"Toplofikatsia Sofia," the capital's heating supply company, has proposed a significant reduction in the price of thermal energy starting from July 1st
The Kozloduy Nuclear Power Plant (NPP) in Bulgaria is set to embark on a significant transition as it begins the process of replacing Russian nuclear fuel with American fuel from Westinghouse
Bulgargaz, the leading public gas supplier in Bulgaria, anticipates a notable decrease in the price of natural gas for the upcoming month of May. According to Lyudmila Vitanova
Eurostat's latest findings have shed light on the shifting landscape of household energy prices in the European Union, with Bulgaria emerging as a frontrunner in affordability.
The Nuclear Regulatory Agency (NRA) has greenlit the phased transition to a new type of nuclear fuel for Unit 5 of Kozloduy Nuclear Power Plant (NPP), manufactured by Westinghouse
Sofia Airport's Terminal 3 Construction Set to Begin in Early 2026
COVID-19 Impact: Bulgaria's Grim Milestone as Highest Death Rate in EU