Bulgaria

Bulgaria probes costly BOTAS gas deal amid mounting financial losses

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 »

Second pipe shipment advances Bulgaria’s role in Vertical Gas Corridor project

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 »

Bulgaria: Rompetrol expands network with new fuel station near Sofia airport

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 »

Bulgaria: Maritsa East 2 coal plant posts €51.5 million loss in 2024 amid falling prices and regulatory support

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

Bulgaria: Maritsa East 2 coal plant posts €51.5 million loss in 2024 amid falling prices and regulatory support Read More »

Bulgaria: ICGB launches annual capacity auctions to strengthen regional gas security

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 »

Bulgaria: Kozloduy NPP unaffected by Danube drop as heat forces shutdowns elsewhere in Europe

The Bulgarian nuclear power plant Kozloduy has confirmed that the recent drop in the Danube River’s water level has not affected its operations or electricity production. On July 4, 2025, water depth at the plant’s intake measured 21.50 meters, which remains 0.53 meters above the record low observed at the end of summer in 2003.

Bulgaria: Kozloduy NPP unaffected by Danube drop as heat forces shutdowns elsewhere in Europe Read More »

Bulgaria advances nuclear expansion and pump-storage hydropower to support green energy transition

The Bulgarian Government has placed high priority on expanding the Kozloduy nuclear power plant with two new reactors and developing four additional pump-storage hydropower facilities. These flagship projects aim to establish a secure, competitive, and environmentally friendly energy system aligned with EU climate objectives. Energy Minister Zhecho Stankov announced that unit 7 at Kozloduy is

Bulgaria advances nuclear expansion and pump-storage hydropower to support green energy transition Read More »

Bulgaria: Growth in electricity trading on Bulgarian Energy Exchange IBEX in June 2025

In June 2025, a total of 2,285,322.2 MWh of electricity was traded on the day-ahead market of the Independent Bulgarian Energy Exchange (IBEX), representing a 2.7% increase compared to the previous month. The average daily traded volume for June was 76,177.4 MWh. Compared to June of the previous year, the traded volume rose by 8.6%.

Bulgaria: Growth in electricity trading on Bulgarian Energy Exchange IBEX in June 2025 Read More »

Bulgaria: Parliament rejects proposal for state takeover of electricity distributors

The Bulgarian Parliament has voted against a proposal to bring the country’s three electricity distribution companies under state ownership. The motion, submitted by the Morality, Unity, Honour (MECh) party, aimed to require the Council of Ministers to prepare a financing plan for the state acquisition of Electrodistribution Grid West, Electrodistribution North, and Elektrorazpredelenie Yug, including

Bulgaria: Parliament rejects proposal for state takeover of electricity distributors Read More »

Bulgaria: Growth in electricity production and exports in first half of 2025

According to data from the Bulgarian electricity transmission system operator ESO, electricity production in Bulgaria between 1 January and 15 June 2025 increased by 13.42 percent compared to the same period in 2024, reaching 20.63 terawatt-hours (TWh). Electricity consumption in the country also rose during this period, recording a 6.82 percent increase to a total

Bulgaria: Growth in electricity production and exports in first half of 2025 Read More »

Scroll to Top