Text size

Bulgaria planning projects for €46 billion to remain energy leader in the region

published on 1/18/23 6:38 PM

Photo: pixabay

The Council of Ministers approved at today's meeting a strategic vision for the development of the country's electricity sector in 2023-2053. The strategy aims for Bulgaria to remain a leader in the production and export of electric power in the region .

The document envisages the use of domestic lignite by 2030 and its gradual reduction and phase-out by 2038.

Four new nuclear reactors are to be built to replace the capacity that will be decommissioned. Two of them are expected to be built at Kozloduy NPP site and another two at Belene.

The development of photovoltaic and wind capacities and wind turbines is also envisaged.

A key element for the future is the production of hydrogen to reduce Bulgaria's dependence on natural gas imports. The estimated cost of implementing all the projects included in the new energy strategy amounts to around €46 billion.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria Economy 2023-2053 electricity strategy

More from category

The Bulgarian National Bank has published clarifications on how the single currency will be written

In its “Questions and Answers” section on the introduction of the euro, the Bulgarian National Bank has published a clarification on how the single currency should be denoted and written in accordance with EU regulations. The name of the..

published on 11/14/25 10:01 AM

Bulgaria's government approves 2026 draft budget

The government approved the draft Law on the 2026 State Budget, as well as the Updated Medium-Term Budget Forecast for the 2026–2028 period. In connection with the introduction of the euro on January 1, 2026, all figures have been prepared in..

published on 11/13/25 3:35 PM

BNB Governor: Banks in Bulgaria are ready for the euro

Citizens should remain calm about the introduction of the euro in Bulgaria from January 1, 2026, as the Bulgarian National Bank and commercial banks are ready for all processes related to the currency conversion and distribution of euro banknotes. This..

published on 11/4/25 2:28 PM