EU funds for Bulgaria’s environment projects restored

The European Commission has restored payments to Bulgaria from EU funds under the Operational Programme (OP) Environment. That means the Commission will now process payment requests from the European Regional Development Fund (ERDF) and the Cohesion Fund for projects under the OP. The funds are awarded for projects related to energy and transport that benefit […]

EU warns Bulgarian power firm on resale restrictions

The European Commission has warned Bulgaria’s state-run power firm that restrictions on where its electricity can be resold may breach EU antitrust rules. It sent a ‘Statement of Objections’ to Bulgarian Energy Holding (BEH) saying the Commission has concerns the company “might be hindering competition” on the non-regulated wholesale electricity market in Bulgaria. The statement […]

Bulgaria inks nuclear deal with Westinghouse

Bulgaria has signed an agreement with Westinghouse Electric Company for the expansion of a nuclear power plant in the country. US-based Westinghouse, part of Japan’s Toshiba group, said it will provide all of the plant equipment, design, engineering and fuel for the Kozloduy nuclear power plant. It will help build a new 1,000 reactor estimated […]

Bulgaria stops building on South Stream gas pipe

Bulgaria has halted building on the South Stream gas pipeline until it resolves a dispute with Brussels. South Stream is a huge project to hook up Europe with Russian gas, with a pipe running from Russia’s Black Sea through Turkey to the Bulgarian coast. In Europe the gas pipeline will go through Bulgaria, Serbia, Hungary […]

Bulgaria ‘calls off energy meeting with Russia’

Bulgaria has reportedly cancelled a meeting with Russia where the two nations were due to discuss matters related to energy. Reports claim the bilateral meeting was called off as a result of the EU’s decision to impose economic and visa sanctions on Russia for the annexation of Crimea. The Bulgarian Ministry of Economy and Energy […]

EU takes Bulgaria to court over illegal landfills

The European Commission said it is taking Bulgaria to the Court of Justice over the nation’s continued operation of illegal landfills. It said numerous landfills in the country are still operating in breach of EU waste and landfill legislation, “representing a serious risk for human health and the environment”. Under the Landfill Directive, existing landfills […]

€64m for energy efficiency in Bulgarian homes and businesses

A London-based bank is providing loans worth €64 million (£56m) in total to help promote energy efficiency in the residential and small and medium sized business (SME) sectors in Bulgaria (pictured). Three Bulgarian banks – Postbank, Peraeus Bank Bulgaria and United Bulgarian Bank – will receive a share of the cash and join the European […]

Vestas sells two wind farms for €127m

Danish wind turbine manufacturer Vestas has confirmed plans to sell two wind projects for a total sum of €127 million (£108.3m). LUKERG Renew, a joint venture between Italian energy firm ERG Renew and Russian oil and gas company LUKOIL, will buy the Gebeleisis and Hrabrovo power plants located in Romania and Bulgaria. The €109.2 million […]

Efficiency fund for Bulgarian metal processing firm

A London-based bank is investing €40 million (£26m) in a Bulgarian metal-processing company to help improve its energy efficiency and for long-term financing. Around €10 million (£6.5m) of the cash from the European Bank for Reconstruction and Development (EBRD) will be used for energy efficiency improvements to help the firm reach international standards. Sofia Med […]

Ministers sign plans to put UK at “forefront” of European nuclear

UK ministers hosted a meeting with 11 other EU nations where they signed up to plans to collaborate on nuclear power yesterday. The Government said this means the country will stay at the “forefront” of Europe’s nuclear expansion. A key part of the agreement is access to a French nuclear reactor used for research – […]