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.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria Economy 2023-2053 electricity strategy

More from category

The signing of the contract between the Sliven Diocese and Electra Trans Global for the land on which the large-scale complex will be built

Bulgarian aircraft repair company invests EUR 60 million in Burgas

One of the largest Bulgarian companies for repairing civil aviation aircraft has chosen Burgas for a major investment in aircraft repair and maintenance, the Municipality of Burgas announced. The company will build one of the largest hangar complexes..

published on 2/12/25 9:08 AM

NSI: Bulgaria exports less, imports more from third countries

In 2024, Bulgaria's exports of goods to third countries decreased by 5.1% compared to 2023, amounting to EUR 15.4 billion (30 114.9 million BGN), according to data from the National Statistical Institute (NSI). Bulgaria's main trading partners..

published on 2/10/25 2:54 PM

The proceeds from the sale of Lukoil Neftohim should be frozen, experts say

It is extremely concerning that the largest company in Bulgaria, Lukoil Neftohim, which is part of the country's critical infrastructure, is still in the hands of a country that has declared Bulgaria a hostile state. This opinion was shared by energy..

published on 2/2/25 11:58 AM

WEATHER

Pick city: Sofía

Snow
Min: -3 | Max: -1

BULGARIA IN PICTURES

Which world-famous Bulgarian artist designed QSL cards for Radio Bulgaria?

The turnover of retail chains dropped by almost 29% on the day of the boycott

Bulgaria’s Minister of Finance Temenuzhka Petkova said that the turnover of large retail chains in Bulgaria decreased by 28.8% on the day of the boycott..

published on 2/15/25 2:22 PM

Share