Electricity

ESM halts investment in Belene project, turns to gas power plant near Alexandroupolis LNG terminal

esm belene lng alexandroupolis

Photo: Max Mustermann from Pixabay

Published

November 27, 2020

Country

Comments

0

Share

Published:

November 27, 2020

Country:

Comments:

0

Share

State-owned energy company Elektrani na Severna Makedonija (ESM) suspended investments in Bulgaria’s nuclear power plant Belene, and shifted its focus to the construction of a gas power plant near the planned liquefied natural gas (LNG) terminal in Alexandroupolis in Greece.

ESM estimates the LNG terminal and 800 MW gas project would be finished earlier than the construction of Belene, pointing to the significance of securing a stable supply of gas to customers in North Macedonia, local media reported.

ESM believes the gas-fired power plant would be built before the Belene nuclear power plant

Issues arose in the supply of electricity a few months ago in North Macedonia. The energy system is in a very delicate situation.

ESM said the LNG terminal and gas power plant have better chances to be finished sooner than the Bulgarian nuclear power plant.

North Macedonia plans to phase out coal, and is turning to renewables and natural gas

ESM officially sent a letter of intent last year to acquire a minority stake in the Belene project, which was abandoned in 2012 and revived in 2018. This year North Macedonia has also received an offer from Greece to participate in the development of the Alexandroupolis LNG terminal and own 25% of the 800 MW gas power plant or 200 MW.

North Macedonia’s interest in the two projects is related to the country’s strategy to phase out coal and move to renewables and natural gasEnvironmental protection and sustainable development are among the six main tasks for the four-year mandate of Prime Minister Zoran Zaev’s recently elected cabinet.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment

Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

Romania Oltenia switch coal solar power proceeds CO2 permits

Romania’s Oltenia to switch from coal to solar power using proceeds from CO2 permits

16 September 2021 - Romania hopes to get most of the EUR 671 million for solar power plants in coal complex CE Oltenia from the EU's Modernization Fund

undersea power cables connect Europe Africa

Several undersea power cables about to connect Europe with Africa

16 September 2021 - Greece and Egypt are in talks about the possibility to lay a 2 GW submarine interconnector on the bottom of the Mediterranean Sea

Wpd, EFT get government nod for 415 MW wind farm, 80 MW solar facility in North Macedonia viktor andonov

North Macedonia awards strategic investment status to wpd’s, EFT’s renewables projects

15 September 2021 - The Government has awarded a status of strategic investment projects to wpd’s wind farm Virovi and to EFT’s solar PV plant Erdželija.

Macquarie fund 49 stake Greece power distributor HEDNO

Macquarie fund to buy 49% stake in Greece’s power distributor HEDNO

14 September 2021 - An investment firm controlled by Macquarie is a step away from buying 49% of HEDNO in Greece's biggest privatization deal so far.