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.
"Bulgargaz" has proposed to the Energy and Water Regulatory Commission that the price of natural gas for November should be 7.5% higher or 35.02 EUR per megawatt hour. In comparison, the price at which gas is sold in October is 32.58 EUR...
"North Macedonia has not yet adopted the necessary constitutional changes to include the citizens who are part of other nations, such as the Bulgarians, in the constitution." This is seen in a report on EU enlargement, presented by the Commissioner..
Nearly 30 people who had to fly to London with a low-cost airline were not allowed to board the plane at Sofia Airport. The flight was in the early afternoon. ''We checked in, went to the runway and waited. The crew started to board some passengers...
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..
Clear
Partly Cloudy