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The government has announced that electricity prices will be raised by 12 per cent as of January 1, 1999. The move paves the way for a crucial three-year loan agreement with the International Monetary Fund which had wanted the price hike to take place this September.


Prime Minister Ivan Kostov has said that $16m will be invested this year in upgrading and improving the safety of four Soviet-designed 440 MW reactors at the Kozloduy nuclear plant. The European Union has been putting pressure on the government to close the reactors, but parliament voted last month, to keep them running.


Belgian chemicals company Solvay is considering the construction of a 600 MW combined cycle power plant in Bulgaria to supply electricity to its operations in the country. Solvay owns a 67 per cent stake in the Sodi-Devnya plant, the region`s largest synthetic soda ash producer.


Siemens, Framatome and Russia`s Atomoenergoeksport have been awarded a contract worth $313m for the modernization of the Kozlodui nuclear power station. The plant accounts for over 40 per cent of Bulgarian electricity production. The consortium will modernize No 5 and No 6 blocks, each 1000 MW, at Kozlodui, focusing on the re-cooling circuits of the reactors.

ABB to extend Bulgaria’s EV charging network

ABB has partnered with Bulgaria's largest electric vehicle firm to extend the country's vehicle charging network. 

Bulgaria takes Atomstroyexport to court

Bulgaria is suing Atomstroyexport over delayed payments for equipment the Russian nuclear firm agreed to buy under a deal to build the 2 GW Belene nuclear power plant, says Bulgaria's economy and energy minister.

Atomstroyexport advises Russian government to drop Bulgaria’s Belene nuclear project – report

Russian nuclear power engineering company Atomstroyexport has advised its owner, state power corporation Rosatom, to drop Bulgaria's Belene nuclear power project, French daily La Tribune said, citing a letter that Atomstroyexport sent to its parent.

Bulgaria power market not ready for foreign competition

Bulgaria's energy sector is not yet strong enough to face competition from foreign suppliers and will remain closed at least for the time being to allow domestic players to get used to the liberalization market conditions.

5 MW solar module delivered to Bulgaria

China Sunergy has completed delivery of 5 MW in solar modules for the Yerussalimovo solar park in Bulgaria.

Bulgaria confirms new nuclear reactor installation

Energy Minister Dragomir Stoynev has confirmed that Bulgaria is to build a new unit at its sole nuclear power plant at Kozloduy.