Bulgaria Sees Surge in Electricity Exports Amid Danube Crisis
Bulgaria has increased electricity exports to 32,000-33,000 MWh per day, generating significant revenue due to low Danube levels. Strong interconnections with regional markets and investments in energy storage have supported this surge.
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Bulgaria is exporting between 32,000 and 33,000 megawatt hours of electricity daily, driven by low Danube water levels affecting neighboring countries. Energy Minister Iva Petrova confirmed that the country's capacity for domestic consumption remains strong, supported by thermal power plants and battery storage systems that have seen over 6 gigawatts deployed in less than a year.
The situation concerning the Danube is dynamic; however, normal operations at the Kozloduy Nuclear Power Plant are maintained. Additionally, Bulgaria is pursuing European policies to reduce reliance on Russian natural gas.
Petrova noted the significant debts of Toplofikatsiya Sofia as a risk for Bulgargaz's financial stability. She also highlighted concerning findings from an audit at Kozloduy NPP regarding inflated land valuations linked to property transfers. This situation poses potential risks for financial reporting and oversight.
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