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.
On October 31, we celebrate the International Black Sea Day. It aims to draw public attention to the problems of the sea and the ways to protect it, to ensure a better future for 16 million people from six countries living along the Black Sea coast...
The Central Election Commission has announced the final distribution of seats in the 51 st National Assembly after the early election for parliament held in Bulgaria on 27 October. Eight parties enter parliament, Kamelia Neykova, chair of the..
On Thursday morning visibility will be diminished in some valleys and parts of the lowlands. Along the Danube there will be fog. Minimum temperatures 4-9° C., for Sofia 5° C. During the day there will be sun. Daytime highs will reach 17-22° C.,..
At a briefing , We Continue the Change/Democratic Bulgaria (PP/DB), which will likely be the second political force in parliament, urged all..
“We are going to take part in talks with GERB, but if they intend to get Delyan Peevski in through the front door we’re out,” said MEP Ilhan Kyuchuk..
There will be scattered clouds on Wednesday. The cloudiness will be more significant in the central regions of Bulgaria and in some..
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