The rehabilitated 5th unit of the Belmeken Pumped Storage Hydro Power Plant (Belmeken PSHPP) has officially been opened by Prime Minister Nikolai Denkov and Energy Minister Rumen Radev, public service TV BNT reports.
The project is worth EUR 10 million, 70% of which from the Kozloduy fund, and manager of the programme is the European Bank, Minister Radev said. The first two units were made operational in 2022, another 2 - in 2023, and the last unit is being made operational now. In the past few years the role of these facilities has surpassed the expectations of the people who built them, and pumped storage hydro power plants are now part of the flexibility of our energy system, PM Denkov stated further.
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The majority in parliament overcame the president's veto on the Investment Promotion Act. The bill was passed in second reading on..
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