Energy Ministry

Bulgaria Extends Life of Reactor in Sole Nuclear Plant with Upgrade

An upgrade to a Soviet-era reactor in Bulgaria's sole nuclear power plant has been completed, extending its lifespan until 2051, the Energy Ministry said on Wednesday.

The Kozloduy plant, located next to the river Danube on the border with Romania, has two 1,000 megawatt reactors that produce about 33 percent of Bulgaria's electricity.

HELPE, Total, ExxonMobil consortium selected for oil exploration off Crete

Greece's Energy Ministry announced on Tuesday it had selected a consortium made up of Hellenic Petroleum (HELPE), Total and Exxon Mobil to conduct hydrocarbon research off western and northwestern Crete, according to the state-run Athens-Macedonian News Agency (ANA-MPA).

DEPA looks set to buy Shell's Attica Gas stake

The Energy Ministry expects on Friday to close the deal between Public Gas Corporation (DEPA) and Shell for the acquisition by the Greek gas company of the Dutch group's stake in Attica Gas Corporation. The process is already behind the schedule provided for in an agreement between Minister Giorgos Stathakis and Greece's creditors.

Greece launches tender for Crete power link project

Greece's power grid operator has launched an international open tender for a project linking the island of Crete to the mainland grid via undersea cables, the Energy Ministry said on Wednesday.

The project linking Crete to the Peloponnese peninsula is part of a 2-billion-euro, 10-year investment plan to connect some of Greece's islands to the mainland.

PPC plant sale process set to begin in May, end in October

The bill on the sale of Public Power Corporation's lignite-powered units is expected to be put up for consultation next week, with its submission to Parliament to follow, after the draft has been completed by the Energy Ministry in cooperation with the European Commission's Directorate-General for Competition.

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