Electricity

Nuclear energy to still be main source of electricity in Bulgaria in 2030 – GlobalData

bulgaria nuclear power global data kozloduy

Photo: Kozloduy NPP

Published

May 13, 2021

Country

Comments

comments icon

0

Share

Published:

May 13, 2021

Country:

Comments:

comments icon

0

Share

Nuclear power will remain the dominant source of power generation in Bulgaria by 2030, despite the government’s plans to shift toward renewable power.

The Bulgarian government is collaborating with the United States and Russia in the development of new nuclear power plants. It is preparing the construction of a seventh unit at the Kozloduy nuclear power plant and the deployment of NuScale’s small modular reactor (SMR) technology.

Nuclear power generation share in total power generation was 44% in 2020, and it is expected to remain above 40% until 2030

“Nuclear power generation was 15.9 TWh in 2020, making its share 44% in total power generation in the country and this is expected to remain above 40% until 2030,” said Pavan Vyakaranam, Practice Head at GlobalData.

Electricity demand in Bulgaria stood at 30.9 TWh in 2020.

The share of renewables was 22.1% in 2018

According to the draft Sustainable Energy Development Strategy of Bulgaria until 2030 with a projection until 2050, electricity generation from renewable sources is seen growing to 30.33% from 22.1%, registered in 2018.

bulgaria nuclear power globaldata

Nuclear power will remain the dominant source for power generation in the country at least until 2030, estimated at 14.1 TWh per year, despite the government’s plans to replace it with renewable power capacity, according to analytics company GlobalData.

Vyakaranam said Bulgaria’s electricity market is currently in transition, with the government slowly decreasing its coal power capacity in order to replace it with renewable power.

Country plans investments with Russia, and US

Bulgaria has only one nuclear power station, Kozloduy nuclear power plant (NPP), with two units in operation after the decommission of units 1 and 2 in 2002 and units 3 and 4 in 2006.

In January 2021, the Bulgarian government approved plans for the construction of a seventh unit, using Russian-supplied equipment purchased for the Belene project. However, according to GlobalData, the schedule is still uncertain due to financial issues.

Bulgaria has also taken multiple steps toward the development of nuclear power in recent times including joining the Nuclear Energy Agency (NEA) in January 2021 while Kozloduy NPP also signed a memorandum of understanding (MoU) with US-based NuScale Power for the deployment of its small modular reactor (SMR) technology.

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

Trump scraps US climate policy blocks offshore wind exits Paris Agreement

Trump scraps US climate policy, blocks offshore wind, exits Paris Agreement

21 January 2025 - President Donald Trump substantially reversed the US energy and climate policy. He is withdrawing the country from the Paris Agreement again.

Hungary suffers highest cross-border electricity price volatility spillovers in EU

21 January 2025 - IMF has examined wholesale electricity price volatility and its spillover effects across 24 countries in the European Union

Trump declaring energy emergency Drill baby drill

Trump declaring energy emergency to ‘Drill, baby, drill’

20 January 2025 - In his inauguration address, United States President Donald Trump vowed to bring energy prices down, with an emphasis on raising oil and gas production

serbia azerbaijan gas power plant nis memorandum eps srbijagas dubravka djedovic

Serbia to sign gas power plant memorandum with Azerbaijan

20 January 2025 - Dubravka Đedović Handanović spoke about a gas power plant project in Serbia with Deputy Minister of Economy of Azerbaijan Anar Akhundov