Energetics
News about production, supply, and pricing of electricity, gas, fuels, and renewable energy sources.
Bulgaria and Japan: Strategic Partnership in the Energy Sector
Minister Zhecho Stankov outlined the prospects for deepening bilateral cooperation between Bulgaria and Japan in the energy sector during a specialized business forum in Sofia.
The energy sector in Bulgaria: Sustainable development through strategic resources and international cooperation
The Ministry of Energy of Bulgaria places emphasis on the sustainable development of the energy sector, with the key factor being the exploration and extraction of strategic resources. The country has a modern regulatory framework and a rich geological fund, which attracts investors in the mining industry. The government aims to accelerate administrative procedures and strengthen international cooperation to turn Bulgaria into an active participant in the supply chains of rare earth elements.
The Energy Minister Stankov discussed key priorities for the decarbonization of the sector with the Vice-President of the EC Ribera.
The Minister of Energy Zhecho Stankov held a fruitful meeting with the Executive Vice-President of the European Commission Teresa Ribera. They discussed the update of the Integrated National Energy and Climate Plan, as well as key priorities for the development of the energy sector in Bulgaria and the region, including the future of coal regions, the construction of new nuclear and pumped storage power plants, and preparations for decarbonization.
Energy Minister Stankov: Bulgaria is accelerating the construction of the Vertical Gas Corridor and green energy connections in the region
The Minister of Energy Zhecho Stankov announced that Bulgaria will be the first country to start the construction of the Vertical Gas Corridor, a project that will increase the gas transit capacity through the Kulata-Sidirokastro entry point by 50%. Our country is recognized as a key partner in the energy sector and will play an important role in the development of green energy corridors that will transport cheap, clean energy from the Caspian region to Europe.
The Minister of Energy Zhecho Stankov participated in the opening of an innovative carbon capture project in Norway.
The Minister of Energy Zhecho Stankov participated in the official opening ceremony of the Longship project in Norway - the world's first carbon capture facility in the cement industry. The event marks the start of the transportation of captured CO₂ for the decarbonization of the European industry.
Deputy Minister Nenov: A clear vision for the future of coal regions in Bulgaria
The Deputy Minister of Energy Krasimir Nenov stated that Bulgaria now has a clear picture of the prospects for the coal regions in the country, based on the updated Integrated Energy and Climate Plan. According to him, coal-fired power generation will maintain a key role in the energy transition, while work is underway on the transformation of these regions and the development of new economic activities.
The Energy Minister Zhecho Stankov strengthens the partnership with Norway and Germany for a green transition.
The Minister of Energy Zhecho Stankov held meetings in Norway and Germany to discuss key issues such as renewable energy sources, energy efficiency, carbon capture and storage technologies, as well as investment opportunities. The meetings underlined the strategic role of Bulgaria as an energy hub in Southeastern Europe and the potential for deepening international cooperation in the decarbonization process.
The energy transition of Bulgaria: A bridge between industrial heritage and green leadership
Minister Zhecho Stankow presented to European colleagues Bulgaria's ambitious vision for energy transformation. The country is focused on innovative technologies such as carbon capture and storage, development of energy storage capacities, and increasing energy efficiency in buildings. The government is working to position Bulgaria as an energy balancer in the region, with investments in green corridors and shared projects with neighboring countries.
The vision for the future of the coal regions in Bulgaria is presented by the Deputy Minister of Energy Krasimir Nenov.
The deputy minister of energy, Krasimir Nenov, expresses moderate optimism regarding the prospects for the coal regions in the country. He emphasizes the role of coal energy for energy security and the need to readjust the work to preserve the viability of the mines and power plants. The developed territorial plans and the decarbonization plan of the Bulgarian Energy Holding provide prospects for development and socio-economic transformation of the coal regions.
The Ministry of Energy is working to turn challenges into green opportunities.
The Minister of Energy Zhecho Stankov stated that the government is actively working to transform the challenges in the energy sector into new opportunities. Key focus areas are measures for energy efficiency, support for households against energy poverty, and the establishment of a Decarbonization Fund. Efforts are also directed towards preserving the competitiveness of businesses, improving energy connectivity, and ensuring supply security.
Energy Minister Stankov: We are uniting efforts to turn the challenges in the energy sector into new opportunities
The government is actively working to turn the challenges in the energy sector into opportunities, said Energy Minister Zhecho Stankov. He emphasized the need to combine the production of green energy with energy efficiency measures, as well as the reduction of energy poverty among households. The Minister also presented key initiatives, such as the establishment of a Decarbonization Fund and the implementation of new PHES (Pumped Hydro Energy Storage) projects.
The Energy Minister Zhecho Stankov emphasized key priorities for secure and affordable supplies in Europe.
The Minister of Energy Zhecho Stankov participated in a meeting of the EU Energy Council in Luxembourg, where he underlined the importance of balancing decarbonization and ensuring secure, predictable and affordable energy supplies for people and industry. Stankov confirmed Bulgaria's commitment to diversifying sources and investing in critical infrastructure, including nuclear energy and natural gas.
Accelerated start of the regional development and fair transition program
The Managing Authority of the 2021-2027 Regional Development Program has managed to make up for the delay and accelerate the announcement of application procedures. The first contracts under Priority 4 "Fair Transition" have already been signed, and by July, all 129 approved contracts for energy renovation of multi-family residential buildings are expected to be signed.
Minister Stankov: Bulgaria is establishing itself as a technological and energy hub in Southeastern Europe
Minister Zhecho Stankov presented Bulgaria's ambitious vision for attracting strategic investments in the field of energy and high technologies. The focus is on the development of nuclear energy, artificial intelligence, and the creation of data centers, which will turn the country into a technological and energy hub in the region.
Pomoroe Municipality is participating in an international project to combat energy poverty in urban areas.
The Municipality of Pomorie is a partner in the project "Energy Poverty in Urban Areas" under the URBACT IV Programme, which aims to exchange experience between European cities to address the problem. The municipal team participates in working meetings in Belgium, where innovative approaches for assessing and supporting vulnerable groups, optimizing electricity bills, and developing an investment plan are presented.