Invest in Bulgaria - The Preferred Partner of Investors Seeking Opportunities in Bulgaria
Follow:
GUGUSHEV & PARTNERS is among the leaders on the Bulgarian legal market Comprehensive Organization of MBA and EMBA Study Trips in Bulgaria
NEWS BY TOPIC
FDI in Bulgaria (13)
Health (4)
Macroeconomic Data (49)
Business (361)
Investments (155)
Infrastructure (97)
Financial (126)
Economy (350)
Construction (14)
Politics (62)
Real Estate (27)
Interesting Facts (24)
Sports (10)
NEWS BY SECTOR
Software and Information Technology (28)
Real Estate (56)
Tourism (112)
Waste Management (9)
Automotive (23)
Electronics (3)
General (81)
Renewable Energy (66)
Agriculture (22)
Construction (90)
Food and Beverage (20)
Textile (2)

Bulgaria Plans to Start Exporting Electricity to Turkey in July
BULGARIA PLANS TO START EXPORTING ELECTRICITY TO TURKEY IN JULY
Date: 09/06/2011
Source: novinite.com
Bulgaria Plans to Start Exporting Electricity to Turkey in July

Bulgaria and Turkey have agreed to speed up the construction of a gas grid interconnection between the two countries, Bulgarian Energy Minister Traicho Traikov said Thursday after a meeting with Turkish counterpart Taner Yildiz.

The two ministers met in Kayseri, Turkey, where they took part in the signing of the Project Support Agreements (PSAs) between NABUCCO Gas Pipeline International GmbH and the responsible ministries of the five transit countries.

"The PSAs give better guarantees for the sustainability of key factors for Nabucco like the legal framework, the procedures, etc., they make it more bankable and pave the way for securing the funding. The implementation schedule for the gas pipeline makes us reiterate the importance of a speedy construction of a gas grid interconnection that will allow us to achieve true diversification and access other sources of gas supplies ", Minister Traikov stated.

The Bulgarian expert working group on the project recommends building the gas link in the most economically profitable way, without commitments to the specifications of the Nabucco gas pipeline. As a result, the gas interconnection will not be a rival to Nabucco because of its totally different scale and terms for implementation.

In July, Bulgaria's state power utility NEK starts executing the contracts for electricity exports to Turkey, Traikov pointed out, adding that this happens for the first time after a 9-year break. According to Bulgaria's Energy Minister, the system is currently operating in test mode.

Another topic on the agenda of the meeting were the nuclear programs of both countries, including the projects for new nuclear power plants.

Minister Traikov briefed his Turkish counterpart on the ongoing debates in the EU on the development of the sector and Bulgaria's call for the introduction of stringent and objective common standards about nuclear safety to be applied by EU member states and neighbor countries.

He also made it clear that safety standards for new nuclear capacities were to be adopted at the forthcoming Ministerial Conference on Nuclear Safety on 20-24 June in Vienna, Austria.


Topic: Economy



Featured District
PLOVDIV DISTRICT AND CITY INFORMATIONPlovdiv
Invest Bulgaria Charts
Tax Revenue of Bulgaria as Percent of GDP
Tax Revenue of Bulgaria as Percent of GDP

Gross Value Added of Bulgaria (million BGN)
Gross Value Added of Bulgaria (million BGN)

See all charts
Did You Know?
Bulgaria is a space nation
Bulgaria is a space nation
Bulgaria is a space nation: Two Bulgarians have flown in space already ... More

Bulgaria has a culture and tradition dating back for 1300 years. Bulgarians are proud of their heritage and feel that it rightfully deserves its place in the diversity of European cultures. Bulgaria has rich and unique folklore - distinctive music and dances, rituals and tales.

Intelligence Pathways - Outsource your Business, Competitive Intelligence or Back Office to Bulgaria

Bulgaria Translation - Full service Bulgarian Translation company

© Copyright 2004-2021 Invest Bulgaria Group Ltd, Sofia, Bulgaria. All rights reserved.

 
Please read Conditions of Use, Copyright Statement and Privacy Policy for this web page and web site.


SEO оптимизация Bulgaria Translation Bulgarian Agriculture Bulgarian Textile BestFlowers.bg Sofia Web Works Bulgarian Coins Intelligence Pathways Bulgarian Outsourcing

Crafted by Sofia Web Works. Maintained by Website Maintenance, the kings of Website Migration.


Our Featured Members