site.btaOutgoing Energy Minister Says Bulgaria's Energy Mix Guarantees Affordable Prices for Consumers

Bulgaria’s energy mix makes it possible to secure the best possible prices for consumers, outgoing Energy Minister Zhecho Stankov said at the Sofia Economic Forum VI here on Tuesday. The event was organized by the Delphi Economic Forum.

According to Stankov, despite the challenges facing the sector, affordable energy prices are guaranteed.

The Minister also pointed to Bulgaria’s participation in offshore oil and gas exploration in the Black Sea as a success in the energy sector. He said this will allow the country not only to receive concession fees, but also to play a significant role in exploration activities in the Black Sea.

Stankov also highlighted the project to build Units 7 and 8 at the Kozloduy Nuclear Power Plant.

From an international perspective, the third key development is the Vertical Gas Corridor, which is supported by a number of countries from Greece to Hungary. Bulgaria has made tangible progress on the project and was the first country to begin its actual construction, he stressed.