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.
The Presidency of the Renew Europe group in the European Parliament unanimously decided to recommend the termination of membership of the Group of the Movement for Rights and Freedoms (DPS) party, following the actions of its leader, Delyan Peevski...
On December 25, Santa Claus will be giving gifts to the animals at the Burgas Zoo. There will also be a festive tour of the zoo and a zoo quiz with gifts for the children, said the Municipality of Burgas. The event is part of the zoo's festive..
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 Svilengrad and is over 12 kilometres long, which is due to the increased traffic before the holidays...
Animal protection organizations protested in front of the Sofia Municipality, demanding humane treatment in municipal shelters. Environmentalists point..
The construction of a new Danube bridge near Ruse may begin in 2026, as European funding totalling 2.5 billion euros has been provided,..
Around mid-January, we are expected to fulfil the last criterion for the eurozone, which will allow us to submit the convergence reports..
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