Ebioss bringing biomass CHP plant online with EVN
An agreement on linking a renewable energy unit to the grid was signed this week by Ebioss Energy a.d., headquartered in Sofia, and EVN Bulgaria, subsidiary of Austrian EVN, SeeNews reported. The biomass-fuelled cogeneration plant is in the town of Karlovo, north of Plovdiv, the country’s second-largest city. “After various changes in the energy law […]
Bulgaria to save 22.594 GWh by 2020
Bulgarian government has said it aims to increase energy saving to 22.594 Gwh by 2020 in comparison to quantity of sold energy between 2010 and 2012, SeeNews reported. With the expected saving amounting to 1.94 million tonnes of oil equivalent (TOE), Bulgaria is following rules for energy efficiency set by European Union’s 2012 Energy Efficiency […]
EBRD unveils enhanced home refurbishment funds
The European Bank for Reconstruction and Development set EUR 20 million in loans for energy efficiency measures for households, enhanced by a grant of EUR 4.4 million from the Kozloduy International Decommissioning Support Fund (KIDSF). Larisa Manastirli, the international financing institution’s manager for Bulgaria, said on September 1 its investments this year climbed to EUR […]
Industry saving EUR 48 million per year on green power costs
As earlier this month the European Commission approved Bulgarian state aid system of support for generation of energy from renewable sources from 2011, the measures will be implemented retroactively, from August last year through 2020. Over two hundred companies are going to save BGN 94 million (EUR 48 million) per year or EUR 255.5 million […]
Bulgaria in breach of rules on energy consumption
The European Commission said it sent a reasoned opinion to the government in Sofia to request the correct transposition of all the requirements of the Energy Performance of Buildings Directive (2010/31/EU) into national law. Member states of the European Union are required to establish and apply minimum energy performance requirements for new and existing buildings, […]
Piraeus Bank Bulgaria to finance residential energy efficiency
The European Bank for Reconstruction and Development (EBRD) said it is providing a EUR 10 million loan complemented by technical assistance to Piraeus Bank Bulgaria (PBB). The loan is provided under the new extension of the Residential Energy Efficiency Credit Line (REECL), a framework established by the EBRD in 2005. As the partnership continues, PBB […]
Dobrudja-Burgas overhead line gets EU funding
Member states of the European Union agreed on a proposal from the European Commission to invest EUR 263 million in key trans-European energy infrastructure projects. Of the nine projects, four are in the electricity sector, with support worth EUR 53 million. The list will include the construction of a 100 kilometre electricity line between Dobrudja […]
ČEZ lauches arbitration proceedings for its investment
Bulgaria’s failure to observe the investment protection provisions of the Energy Charter Treaty was cited by ČEZ Group for its decision to file a request for arbitration with the World Bank’s International Centre for Settlement of Investment Disputes (ICSID). A number of actions of domestic authorities damaged the Czech utility’s companies in Bulgaria, causing the […]