Unit 6 of the Kozloduy Nuclear Power Plant was taken offline on 17 July, to carry out planned maintenance after operators identified a leak in the heat-carrier circuit of its third steam generator. This precautionary measure aims to safeguard both the operational integrity of the unit and ensure dependable electricity delivery throughout the peak of […]
Bulgaria has entered into a major financing agreement with U.S. banking giant Citi to support the construction of units 7 and 8 at the Kozloduy nuclear power plant. The Bulgarian Ministry of Energy has described the deal as a critical milestone in the nation’s most ambitious energy project in decades. Energy Minister Zhecho Stankov led
The operator of Bulgaria’s Kozloduy nuclear power plant has announced that Unit 6 will be taken offline at the end of this week, on July 19, to address a small coolant leak discovered in the third steam generator. The scheduled maintenance is expected to be completed by the end of the month. This precautionary shutdown
Bulgarian state-owned gas supplier Bulgargaz has proposed a lower wholesale natural gas price to be applied in August 2025. The suggested price is around 31.7 euros per MWh, which is 3.8 percent lower than the price approved for July, set at approximately 33 euros per MWh. The July price itself marked a slight increase of
Bulgaria: Bulgargaz proposes lower wholesale gas price for August 2025 Read More »
United Bulgarian Bank has been selected to provide a five-year credit facility for Bulgartransgaz, Bulgaria’s gas transmission system operator, to modernize its network as part of the Vertical Gas Corridor project. The loan will support efforts to enhance energy connectivity between Greece and Central Europe. Despite Bulgartransgaz requesting €102 million, bids from major lenders—including Bank
Officials from the Counter-Corruption Commission (CCC) have inspected the Ministry of Energy and collected all documents related to the gas agreement with Turkish supplier BOTAS. According to Energy Minister Zhecho Stankov, the Ministry’s report revealed daily costs surpassing 500,000 euros, rising since January due to contractual indexing. Stankov stated that Bulgaria is only using 11%
Bulgaria probes costly BOTAS gas deal amid mounting financial losses Read More »
A second shipment of pipeline segments for Bulgaria’s section of the Vertical Gas Corridor has arrived at the port of Burgas, marking significant progress in the strategic energy project aimed at enhancing regional energy security and establishing Bulgaria as a key gas hub in Southeastern Europe. The delivery included 2,526 pipes from India, which will
Second pipe shipment advances Bulgaria’s role in Vertical Gas Corridor project Read More »
Rompetrol Bulgaria, a subsidiary of KMG International Group, has opened a new, modern fuel station on Vladimir Vazov Boulevard, located close to Sofia International Airport. This latest addition strengthens the company’s position as one of Bulgaria’s prominent fuel retailers, expanding its presence in the capital to eight stations and increasing its nationwide network to a
Bulgaria: Rompetrol expands network with new fuel station near Sofia airport Read More »
State-owned coal-fired thermal power plant Maritsa East 2 experienced a loss of 51.5 million euros in 2024, a significant downturn compared to a profit of 29 million euros in 2023 and a nearly 610 million euros profit in 2022. This decline is primarily due to falling wholesale electricity prices. Although the plant increased electricity sales
ICGB, the operator of the Greece-Bulgaria gas interconnection (IGB pipeline), has announced its annual capacity auctions for the bilateral gas corridor. Firm capacity rights will be available for bidding on July 7, followed by auctions for interruptible capacity on July 21. Capacity at the border points with the Trans-Adriatic Pipeline (TAP) and the Greek gas
Bulgaria: ICGB launches annual capacity auctions to strengthen regional gas security Read More »
