Bulgaria Power Report - Business Monitor International - Industry Reports

Bulgaria Power Report

Bulgaria Power Report - Business Monitor International - Industry Reports
Bulgaria Power Report
Published Sep 24, 2016
51 pages — Published Sep 24, 2016
Price US$ 1,295.00  |  Buy this Report Now

About This Report

  
Abstract:

While the upgrade of Unit - of the Kozludy nuclear plant has been completed and work on Unit - is ongoing, we do not currently factor the plan for a seventh reactor at Kozloduy - due to be completed in ---- - into our forecasts. If the proposal comes to fruition at all, it will likely do so after the end of our forecast period, which runs to ----. Prime Minister Boyko Borissov revived the possibility of restarting construction at the mothballed Belene plant, proposing in August ---- that a private sector partner be found for the ----MW project. The announcement has all the hallmarks of a last resort, after the government tried, to no avail, to sell some of the completed components to Iran, in the immediate wake of a verdict by the International Court of Arbitration in June that Bulgaria would have to pay EUR---mn in compensation to Russia s Atomstroyexport, for work undertaken earlier. The government s chances of finding private partners willing to stump up the remaining funds for the EUR--bn in financing appear remote, especially given limited prospects for growth in electricity demand and the fact Belene is in an earthquake prone zone. ...The government s chances of finding private partners willing to stump up the remaining funds for the EUR--bn in financing appear remote, especially given limited prospects for growth in electricity demand and the fact Belene is in an earthquake prone zone. In August ----, the European Commission announced that it had allocated EUR--.-mn for a new ---km power line between Dobrudja, in the southeast of the country, and Burgas, on the Black Sea.

...Conventional thermal energy sources account for --.- of the total electricity generated in Bulgaria, according to our forecast for ----. Over -- of this thermal generation is produced by coal-fired power plants and we anticipate that the picture is unlikely to change markedly in the coming decade. Bulgaria is not planning to construct any new thermal power plants and as such any gains in thermal power generation will be dependent upon efficiency and output improvements. Bulgaria s dependence on coal-fired power plants gives it significant energy independence, as it has extensive coal reserves and an established coal mining sector, which does somewhat improve energy security. We do note, however, that the EU is moving towards phasing out coal-fired power and Bulgaria will come under increasing pressure to shut down ageing and polluting infrastructure in the coming years, which could impact upon generation. ...Bulgaria s dependence on coal-fired power plants gives it significant energy independence, as it has extensive coal reserves and an established coal mining sector, which does somewhat improve energy security. We do note, however, that the EU is moving towards phasing out coal-fired power and Bulgaria will come under increasing pressure to shut down ageing and polluting infrastructure in the coming years, which could impact upon generation.

...BMI View: Our core forecasts for Bulgaria s power sector again remain unchanged this quarter. Limited investment in new power infrastructure means capacity and generation are expected to grow only slowly throughout the forecast period, leaving Bulgaria heavily reliant on coal-fired power plants and, to a lesser extent, existing nuclear facilities, which are being upgraded. ...

  
Source:
Document ID
2058-0819
Country
Industry
Format:
PDF Adobe Acrobat
Buy Now

Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

About the Author


Cite this Report

  
MLA:
Business Monitor International - Industry Reports. "Bulgaria Power Report" Sep 24, 2016. Alacra Store. Dec 08, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Bulgaria-Power-Report-2026-1823>
  
APA:
Business Monitor International - Industry Reports. (2016). Bulgaria Power Report Sep 24, 2016. New York, NY: Alacra Store. Retrieved Dec 08, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Bulgaria-Power-Report-2026-1823>
  
US$ 1,295.00
$  £  
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Market Research from one place.