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The Bulgarian Energy Sector

Sector Overview

The Bulgarian energy sector is undergoing a major overhaul.

  1. Improvement of Energy efficiency
  2. Construction of new facilities
  3. EU directives for at least 20% renewable energy by the year 2020
  4. Environment improvements

Nuclear energy in Bulgaria

Nuclear energy in Bulgaria

Bulgaria has two nuclear reactors generating about 35% of its electricity.

On June 11, 2010, the Bulgarian government announced that it would freeze indefinitely the planned construction of the Belene nuclear power plant because it was uncertain when the investment would be returned. Five months later, on December 2, a non-binding memoranda of understanding was signed between NEK EAD, Rosatom, Altran and Fortum, setting up a 6.3 bln. euro price on the power station, after months of unsuccessful talks on the cost and redeemability of the project itself. Further disagreement and the persistent demands of the Bulgarian government to lower the cost under 5.0 billion euro led to the termination of the project in March 2012.

Hydro energy in Bulgaria

Hydro energy in Bulgaria

Bulgaria is actively working on the development of its hydrological sources in an effort to limit the dependence on foreign fuel imports. Around 63 small and micro Hydro Power Plants were located on the National Energy Company's (NEK) property, most of which have been privatized.

 

Wind energy in Bulgaria

Wind energy in Bulgaria

The European Union has set a directive requiring its members to to produce at least 20% of their electricity by environmentally clean and renewable sources. Certain areas of Bulgaria have favorable wind conditions and investment in wind power generators are showing good returns.

Solar energy in Bulgaria

Solar energy in Bulgaria

A sizeable portion of Bulgaria's land area receives medium levels of solar radiation.

 

Environmental improvements

Environmental improvements

 

 

Biomass in Bulgaria

Biomass in Bulgaria

There is good potential for utilizing biomass as an energy source in Bulgaria. While information regarding the use and potential of biomass has been limited, there have been recent developments through pilot projects and preliminary evaluations that begin to highlight Bulgaria's full potential. Results have appeared promising, although a lack of project funding has hindered the forward progress of this resource.

Geothermal Energy in Bulgaria

Geothermal Energy in Bulgaria

Bulgaria has a sizable reserve of geothermal energy and is rich in low enthalpy geothermal waters. The country has been utilizing approximately 30 percent of its total potential, or about 107.2 MWt producing some 1.637 TJ of energy per year, for use in space heating, greenhouses, drinking water, and for balneology purposes (Geothrmie, 2000). At the present there are no geothermal reserve sites that generate power.

 

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Cost of Labor in Bulgaria
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Pazardjik is situated in South Bulgaria, in the central part of the Higher Thrace valley, on the north of the Rhodope mountain, at the two banks of river Maritsa. The both sides of the river Maritsa and its feeders have been formed to a low, but not widely flowed ledge. Here are the best alluvial soils of the field.

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