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Bulgaria to Lose EUR 400 Million from Shrinking Power Export

Date: 11.09.2006

"Bulgaria will annually lose 400 million euro after the decommissioning of units 3 and 4 of NPP Kozlodui on December, 31, 2006. This will lead to a sharp decline of Bulgaria's export of power," Bulgarian Minister of Economy and Energy, Rumen Ovcharov, stated in the city of Plovdiv.

"Bulgaria's total power export for 2007 will hardly exceed 1.5 billion kilowatts/hors. For comparison, in 2006, the power export is expected to reach 9 billion kilowatt/hours," Minister Ovcharov said further.

"This sharp decrease will have a bad influence on the energy balance since power export forms nearly 10 % of all Bulgaria's export revenues. The decommissioning of units 3 and 4 of NPP Kozlodui will also have a negative impact on the energy balance in the whole Balkan region. As of the next year, Bulgaria completely terminates power supply to Greece to cover domestic needs, which are growing much faster than previously envisaged. Bulgaria is expected to export over 3.5 billion kilowatt/hours to Greece in 2006.

Bulgaria may cover its future loses with the establishment of new power generating units. One of the options is to launch the construction of NPP Belene. The other option is Maritsa 1, 2 and 3 Thermal Power Plants.

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