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.
During the night, the cloud cover will increase from the west, but there will still be no precipitation. The weather will remain clear in the eastern parts of the country. The lowest temperatures will range from minus 3°C to 2°C, slightly higher in..
The renovation of the Kulata border checkpoint has begun in connection with Bulgaria's upcoming entry into Schengen on January 1. There will be two lanes in each direction before the checkpoint. A new 200-meter lane is being built on Bulgarian..
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