SOFIA – Bulgaria signed a contract for a preliminary study for the construction of an East-West energy corridor. The document is between the U.S. Trade and Development Agency and the Bulgarian state enterprise Electricity System Operator (ESO) for a grant of nearly $1.5 million for the preliminary study.
The project plans to connect the electrical transmission networks of Turkey, Bulgaria, Greece, North Macedonia, Kosovo, Albania, and Montenegro, with the possibility of reaching Italy.
The idea of the project is for energy to move in an East-West direction, with the new infrastructure allowing for the use of the time difference to optimize peak load in different EU countries.
According to the acting Minister of Energy Vladimir Malinov, the implementation of the project will increase Bulgaria’s and the region’s energy security.
This is an opportunity for the real-time exchange of electrical energy between the countries in the region, said Minister Malinov.
If the study proves that the corridor project will be successful, Bulgaria’s cross-border capacity will increase by over 2000 megawatts at the borders with participating countries.
Acting Prime Minister Dimitar Glavchev noted that for Bulgaria, this cooperation is crucial for fulfilling the country’s priorities in the energy sector.
It will allow for the efficient utilization of green energy produced in the region and will assist in the successful implementation of our priorities related to the economy’s decarbonization and the Green Deal, said Prime Minister Glavchev. (22.07.2024)