Energy Ministry
Rate hikes for mid-voltage consumers
Professionals and low-to-medium-voltage industries are the first categories of electricity consumers to be hit with power rate hikes due to the increase in carbon emission rights prices.
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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.
SOCAR Interested in Gas Distribution in Bulgaria
Azerbaijan's state oil company SOCAR is interested in gas distribution in Bulgaria, Director of SOCAR Balkan company Murad Heydarov told Trend July 13.
Back in 2015, the Bulgarian government presented a set of projects on energy cooperation to Azerbaijan.
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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.
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Stathakis tries to resolve the Eldorado standoff
Greece aims to resolve a long-standing standoff with Canada's Eldorado Gold Corporation over its development plans in the coming weeks, the Energy Ministry said on Tuesday.
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PPC caught in a storm related to its own sustainability
Kathimerini's revelation that consultancy company McKinsey has deemed Public Power Corporation unsustainable while drafting its new business plan has generated concern not only at the power giant but also in the Energy Ministry.
Bill on PPC plant sale to affect workers' contracts
The bill that the Energy Ministry has prepared for the concession of power production units belonging to Public Power Corporation, which Kathimerini has seen, provides for securing the jobs of workers at the lignite-fired units for at least six years, but on different contracts to those of PPC proper.
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.