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

Postponing the free electricity market for household consumers and how it will affect Bulgarians

The liberalization of the electricity market for household consumers and their entering the free electricity market, something companies did years ago, is being postponed. At least for now. The reform should have entered into effect on 1..

published on 5/12/25 11:03 AM

Preparations for the introduction of the euro in the non-banking financial sector are at an advanced stage

The preparation of the non-banking financial sector for the introduction of the euro is at a very advanced stage and a significant part of it has already taken concrete measures to adapt to the new currency, the new chairman of the Financial..

published on 5/11/25 12:25 PM

Hope or fear: How Bulgarians view the introduction of the euro

The likelihood of Bulgaria joining the eurozone on 1 January 2026 is growing by the day. The country would become the 21st EU member to adopt the single currency. The signals are coming both from the Bulgarian government, which has repeatedly stated..

published on 5/7/25 1:26 PM

WEATHER

Pick city: Sofía

sunshine, cloud, rain and thunder
Min: 7 | Max: 16

BULGARIA IN PICTURES

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

Preparations for the introduction of the euro in the non-banking financial sector are at an advanced stage

The preparation of the non-banking financial sector for the introduction of the euro is at a very advanced stage and a significant part of it has..

published on 5/11/25 12:25 PM

Postponing the free electricity market for household consumers and how it will affect Bulgarians

The liberalization of the electricity market for household consumers and their entering the free electricity market, something companies did years..

published on 5/12/25 11:03 AM

Share

Bulgaria planning projects for €46 billion to remain energy leader in the region

More from category

Postponing the free electricity market for household consumers and how it will affect Bulgarians

Preparations for the introduction of the euro in the non-banking financial sector are at an advanced stage

Hope or fear: How Bulgarians view the introduction of the euro

Preparations for the introduction of the euro in the non-banking financial sector are at an advanced stage

Postponing the free electricity market for household consumers and how it will affect Bulgarians