Minister Zhecho Stankov: We are working on the implementation of key projects that will make Bulgaria an indispensable energy factor
"We are working on the implementation of key projects that will make Bulgaria an indispensable energy factor." This was said by the Minister of Energy Zhecho Stankov at the Sixth Delphi Forum in Washington. He took part in a high-level discussion on the new map of energy diplomacy. During the international forum, which was held in the United States of America, the Bulgarian minister presented the projects that the government is working on in the energy sector. He drew attention to Bulgaria's active efforts to strengthen national and regional energy security through connectivity and the introduction of new, innovative technologies in the energy sector, which will guarantee safe and affordable energy for consumers. “In this process, solidarity between the countries of the region is of utmost importance and we will continue to work to deepen these ties,” he said.
The energy minister pointed to the development of nuclear energy as another key part of the government’s concept for transforming Bulgaria into a center for the production of clean, competitive and sustainable electricity.
During the working visit to the United States, Minister Stankov held an extremely fruitful meeting with Congressman Troy Balderson, Chairman of the House Energy Action Team (HEAT). During the conversation, opportunities for future cooperation were discussed, as well as upgrading Bulgarian-American relations in the energy sector.
Minister Zhecho Stankov also participated in a round table to which large American companies were invited. The event was organized by the Business Council for International Understanding and took place in Washington. Minister Stankov invited American business to invest in the Bulgarian energy sector and spoke personally with representatives of American giants - Microsoft, Blackstone, Honeywell, General Electric, Caterpillar and others. He also shared a new initiative of the Ministry of Energy to hold a roadshow to present to foreign investors the opportunities in Bulgaria for building data centers.
Minister Stankov identified the area around the Kozloduy NPP as the most suitable place for the development of artificial intelligence and data centers. This is so from the point of view of energy security and security of supply, as well as the principle of producing electricity where it is needed.
The energy minister also drew attention to the government's efforts in the decarbonization process, which are also the goals of the European Union. In this regard, he pointed out the two new PAWPPs being developed at the Dospat and Batak dams, where the installation of 1600-2000 megawatts of new energy storage capabilities is expected. According to him, this would make Bulgaria an energy leader in the Balkans. At the meetings with business representatives, Minister Stankov discussed the opportunities for American companies to invest in the new PSHPPs, as well as in future geothermal projects.