The repair of the second hydro unit at the Chaira Pumped Storage Hydro Power Plant has been completed, reported BNT. Caretaker Minister of Energy Vladimir Malinov is expected to inspect the facility in the presence of caretaker Premier Dimitar Glavchev. The Chaira Pumped Storage Hydro Power Plant has been out of operation since March 2022.
Once the tests are successfully completed, the facility is expected to resume operation in early 2025. The restoration of the third hydro unit is yet to come, and a procedure has been announced for the complete replacement of hydro units 1 and 4. Experts expect that when the Chaira Pumped Storage Hydro Power Plant is integrated into the energy system, it will ensure balance alongside the Kozloduy Nuclear Power Plant.
Bulgaria loses significant amount of money each year due to the forced shutdown of the Chaira Pumped Storage Hydro Power Plant. Experts estimate that the repair of the four malfunctioning units will cost up to EUR 100 million. The restoration work will continue for several years, with the assistance of Japanese specialists, representatives of "Toshiba", which was involved in the construction of the power plant.
The state will guarantee a 79 million euro loan for the restoration of Chaira Hydro Power Plant
A turbine at the Chaira Pumped Storage Hydro Power Plant suffers major failure
Bulgaria’s Vertical Gas Corridor project is on track for completion by the end of 2026 , according to Energy Minister Zhecho Stankov, who stressed that it would help the country maintain its strategic position in South East Europe. Accompanied by..
Bulgaria’s coalition parties have agreed to introduce a rotating chairmanship of the National Assembly. At today’s joint governance council meeting, members also discussed next year’s draft budget. Kostadin Angelov, Deputy Chairman of..
Google has donated an additional $1 million to the Institute for Artificial Intelligence and Computer Technologies (INSAIT) at Sofia University , bringing its total investment in the institute to over $6 million. According to the institute’s website,..
The necessary net monthly income for subsistence for a worker living alone in September 2025 is 1,547 leva (748 euros) . For a three-member family with a..
The ruling parties GERB-SDS, BSP-United Left and ITN signed an annex to their coalition agreement, specifying the rules for the rotation of the Speaker..
The Russian oil company Lukoil has announced that it has accepted an offer from the Swiss Gunvor Group to acquire the international assets of LUKOIL..
Partly Cloudy
Clear