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22.11.2013 16:22
Bulgaria Obtains Over EUR 85 M from Kozloduy Decommissioning Fund
All financing for the 2014 – 2020 period will be destined solely for the decommissioning of nuclear units 1 – 4 of Bulgaria’s Kozloduy NPP

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Five new agreements amounting to more than EUR 85 million were signed between Bulgaria’s Ministry of Economy and Energy and the donors of Kozloduy International Decommissioning Support Fund (KIDSF) in London on Nov. 14 and 15. The meeting in the U.K. capital was dedicated to two main directions – the nuclear and non-nuclear operations, the latter being discussed for the last time. All financing for the 2014 – 2020 period will be destined solely for the decommissioning of nuclear units 1 – 4 of Bulgaria’s Kozloduy NPP.


Decommissioning funding for 2014 - 2016

For the 2014 – 2016 period EUR 50.8 million are allotted for remunerations of the personnel working on the decommissioning of the four units. Another EUR 6.9 million will be provided within an agreement for expert assistance provided to the Bulgarian Nuclear Regulatory Agency. Last but not least, EUR 12.8 million will go for nuclear waste management, infrastructure, equipment and engineering.


Good news for Maritsa East Mines and the TSO

EUR 35 million will be spent on priority energy projects within the non-nuclear window. As a result, Maritsa East Mines, which feed lignite coal to Bulgaria’s biggest thermal station, will receive new efficient equipment, while the Central Dispatch Department of the country’s Electricity System Operator will see a modernisation of its data and energy management and control systems.


PV, hydro and gas projects to boost efficiency

Following the meeting in London Bulgaria’s Ministry of Economy and Energy announced that it has received the general approval of the donors for supporting the Bulgarian Energy Efficiency and Renewable Sources Fund which is not part of the state budget.

Gratiutous funding will also be provided for the rehabilitation of the hydro and pumped storage complex Belmeken – Sestrimo – Chaira which needs to be expanded in order to improve the balancing of the system, especially during fluctuations in electricity consumption.

In order to attenuate the negative effects that decommissioning units 1 to4 at Kozloduy NPP has on Bulgaria’s energy system, gas infrastructure developments will also receive funding from the non-nuclear window. Automatic gas stations will be built near Svishtov, Pirdop and Panagiurishte (developed industrial region, mainly metallurgy) and Bansko and Razlog (notable mountain resorts). Boosting the gas supply to households, which currently is underdeveloped at less than 3%, is expected to ameliorate the energy efficiency and generally decrease the dependence on electricity for heating homes. Bulgaria’s energy ministry expects to obtain some EUR 90 million for these developments.

Since the creation of the Fund a total of 35 agreements amounting to EUR 335.738 million were signed between the donors and Bulgaria’s Ministry of Economy and Energy.

TAGS: Bulgaria | Kozloduy International Decommissioning Support Fund | KIDSF | funsing | energy efficiency | nuclear enery | nuclear waste management | decommissioning | Kozloduy | NPP | nuclear power plant 

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20.03.2022  Teodor Bobochikov, Managing Partner, V-Ridium
Energy Transformation – Trends and drivers
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