Bulgaria

Bulgaria: Sofia to generate clean energy with in-pipe hydropower turbines

The municipal government of Sofia has approved a project to install hydropower turbines within its existing water supply system. This initiative was formalized through a Memorandum of Cooperation signed by Mayor Vasil Terziev and Francois Deberg, Regional Director of Veolia’s local water division. Mayor Terziev emphasized that the project supports Sofia’s vision of becoming a […]

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Region: Naftogaz launches first gas imports from Azerbaijan via Trans-Balkan Corridor

Naftogaz Group has signed its first supply agreement with SOCAR Energy Ukraine, a subsidiary of Azerbaijan’s SOCAR group, to import natural gas from Azerbaijan using the Bulgaria-Romania-Ukraine corridor. Before starting regular deliveries, the company conducted a trial shipment of gas via the Trans-Balkan route. Naftogaz CEO Sergii Koretskyi stated that although the volume was small,

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Bulgaria: ICGB launches advanced dispatching platform to boost gas flow efficiency and regional energy resilience

ICGB, the independent operator of the Greece-Bulgaria interconnector pipeline, has implemented the DAMAS MMS:G commercial dispatching platform as a central component of its digital transformation efforts. This new system automates all of ICGB’s business and operational processes, allowing the company to manage international gas flows with increased speed, consistency, and transparency. Currently, the IGB pipeline

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Bulgaria: IBEX sets new intraday trading record with 32,221 MWh on July 17, 2025

The Independent Bulgarian Energy Exchange (IBEX) set a new daily record on its intraday market segment using the continuous trading mechanism for the delivery day of July 17, 2025. A total of 32,221.23 megawatt-hours (MWh) was traded, marking a 41 percent increase compared to the previous record of 22,881.33 MWh, which was set for the

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Bulgaria: Kozloduy NPP Unit 6 taken offline early for preventive maintenance after leak detection

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

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Bulgaria secures Citi financing for Kozloduy nuclear expansion with Westinghouse technology

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

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Bulgaria: Kozloduy nuclear power plant to temporarily shut down Unit 6 for preventive maintenance

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

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Bulgaria: United Bulgarian Bank to finance Bulgartransgaz network upgrade under Vertical Gas Corridor project

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

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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%

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