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

CITUB Vice President Ognyan Atanasov presented the results of the survey.

85% of workers in TPP and mines want to stay in the energy sector, a survey shows

If they had the opportunity, 85 per cent of workers in thermal power plants and coal mines in the Stara Zagora, Pernik and Kyustendil regions would remain in the energy sector. These results are from a survey conducted by the Confederation of Independent..

published on 7/21/25 4:40 PM

The price of the consumer basket in Bulgaria has increased by 7.45% on a yearly basis

The consumer basket currently costs 101 leva (EUR 51.64), compared to 94 leva (EUR 48.06) for the same period in 2024. This represents an increase of 7 leva (EUR 3.58 euros), announced Vladimir Ivanov, Chairman of the Commodity Exchange and Wholesale..

published on 7/21/25 1:58 PM

Gabrovo's landmark buildings to become hubs for innovation and entrepreneurship

The municipality of Gabrovo has secured nearly 17 million leva in funding to develop an "innovation valley", local authorities have announced. The project includes the transformation of the former Radion Umnikov School into a centre for digital skills..

published on 7/20/25 11:45 AM