Europe: Gas prices slide...

In Week 30 of 2025, European gas prices declined, with Dutch TTF prices...

Region: Heatwave drives SEE...

In Week 30 of 2025, electricity market prices rose significantly across most Southeast...

Romania: INVL Renewable Energy...

INVL Renewable Energy Fund I, managed by INVL Asset Management and focused on...

Croatia: Summary of Guarantees...

On 29 July, a total of 231,827 Guarantees of Origin (GOs) were sold...
Supported byClarion Energy
HomeUncategorizedBulgaria: EIB to...

Bulgaria: EIB to support 800 MW pumped-storage HPPs

The European Investment Bank and Bulgaria’s national electricity company (NEK) signed an agreement for consultancy assistance in the preparation of a feasibility study for the implementation of the Dospat and Batak pumped-storage power plants.  Per the agreement, the Bank will provide NEK with a technical assistance grant to finance the pre-feasibility and feasibility studies.

Two 800-MW pumped-storage hydropower projects are located in the southwestern part of the country.

EIB Advisory will examine the technical feasibility and economic viability of the two projects, while also assessing their benefits and risks, thereby allowing NEK to make informed decisions about the development process.

The new PSHPPs will be built at hydropower cascade dams and reservoirs near the towns of Batak and Dospat. The cost of each is estimated at EUR 900 million. They are both planned for completion by 2032 and are part of the Ten-Year Network Development Plan (TYNDP) 2024 of the European Network of Transmission System Operators for Electricity (ENTSO-E).

NEK operates 31 hydropower and pumped-storage plants with a generating capacity of 2,739 MW and a pumping capacity of 932 MW.

Supported byOwner's Engineer banner

Recent News

Supported byspot_img
Supported byspot_img

Latest News

Supported byspot_img
Supported bySEE Energy News

Related News

Bulgaria: TPP Maritsa 3 narrows loss to €2.7 million in first half of 2025

Bulgarian thermal power plant Maritsa 3 reported a net loss of €2.7 million in the first half of 2025, a significant improvement compared to a €11.5 million loss during the same period in 2024. The company’s total revenues fell to...

Bulgaria: Bobov Dol thermal power plant reports reduced profit despite revenue growth in H1 2025

The Bulgarian thermal power plant Bobov Dol posted a net profit of approximately €150,000 in the first half of 2025, down from €380,000 in the same period last year. Total revenues increased significantly by 68.8%, reaching €108.3 million compared to...

Slovenia: Hydropower output drops sharply in June amid low rainfall

In June 2025, hydropower plants on Slovenia’s Drava, Sava, and Soča rivers delivered 341 GWh of electricity to the transmission network—just over 60% of the volume produced in June 2024 and 18% below initial forecasts. The decline was most pronounced...
Supported byVirtu Energy
error: Content is protected !!