Economy
Moody's Rates Bulgaria with Positive Outlook
. File photo Bulgaria is the only country in Europe and Middle Asia with a positive outlook of sovereign credit rating, Moody's rating agency has announced. Moody's Inves...
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1 min read Renewable Energy Source: Novinite
From our news archive: this article was published in August 2010. Figures and rules may have changed since.
Bulgaria’s energy production from renewable sources by the end of 2010 will be 3 times more than the one in 2009, according to Plamen Dechev from the State Commission for Energy and Water Regulation (DKEVR)
In 2009, Bulgaria produced 800 thousand MGWH from green sources while for the first six months of 2010, this production has already reached 1 million MGWH. According to the expert, in the next few years the share of renewable sources in energy production can reach 17% to 20%.
Currently Bulgaria has 1 870 MGW in Water Power Plants and 771 MGW in facilities using other renewable sources.
Denchev informs until now DKEVR had received requests for the construction of plants using renewable energy sources with a total power of 10 000 MGW, but the current network can sustain only half of them.
The National Electric Company (NEK) had set aside BGN 30 M for the expansion and renovation of the network in the next 5 years in order to respond to the increased demand of green energy.
Originally published by Novinite.
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