In a monumental stride towards sustainable energy, Bulgaria is poised to invest a staggering BGN 2 billion of European funds in the cities of Stara Zagora, Pernik, and Kyustendil.
The strategic focus of this investment is to foster the development of cutting-edge technologies associated with the production, distribution, and utilization of green hydrogen, a move that aligns harmoniously with the global drive towards carbon neutrality.
Prime Minister Nikolay Denkov unveiled this transformative initiative ahead of the Council of Ministers’ meeting, highlighting the significance of modern technologies in reshaping Bulgaria’s energy landscape. The imminent weeks will witness comprehensive discussions revolving around the territorial plans, already disseminated by the energy and regional ministries. These deliberations, inclusive of regional representatives and social stakeholders, aim to ensure a holistic and inclusive approach. By the end of September, the finalized plans are anticipated to be submitted to the European Commission for scrutiny, paving the way for their adoption after thorough negotiations.
One of the pivotal outcomes anticipated from the surge in renewable energy (RES) production is a sustainable reduction in the prices of green hydrogen. Prime Minister Denkov elucidated that the overarching goal is to diversify energy sources while attracting a new generation of investors, particularly those interested in battery production, emerging technologies, and hydrogen generation. This grand vision marks a bold step, as Bulgaria currently lacks its own hydrogen production infrastructure.
“The territorial plans hold immense significance, as they not only entail an investment of BGN 2 billion in European funds but also influence the lives of tens of thousands of Bulgarians,” emphasized Nikolay Denkov, underlining the broader societal impact of this monumental venture.
The Council of Ministers’ meeting encompassed various crucial subjects. The discussion included a draft decree to entrust “Bulgaria Heli Med Service” EAD with the pivotal responsibility of sustaining air transport through emergency medical assistance helicopters. Furthermore, the government is set to appoint a deputy prime minister to lead the National Council for People with Disabilities, underscoring Bulgaria’s commitment to inclusivity. Additionally, deliberations on the possibility of granting derogations on restrictive measures due to Russia’s actions destabilizing Ukraine were also on the agenda.
