Big financial funds ready to finance Bulgaria’s energy sector, energy minister says

Radio Bulgaria in English

Sunday 15 June 2025 12:22

Sunday, 15 June 2025, 12:22

Zhecho Stankov

PHOTO BGNES

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Just a week after receiving the positive convergence reports on Bulgaria’s entry into the Eurozone, all major financial funds have stated their readiness for the profitable financing of Bulgaria’s energy industry, said Energy Minister Zhecho Stankov at GERB party’s national meeting in Plovdiv, BNR’s correspondent Krmena Daneva reports.

Minister Stankov highlighted the major energy projects – the vertical gas corridor, reactors 7 and 8 of the Kozloduy NPP, four new pumped storage hydro power plants, oil and gas prospecting in the Black Sea – and stressed that in this sector planning should be 20 years ahead.

“From Hong Kong to Washington, all big financial funds came and said to us: “We are ready to give you money. They offered us 6 times more money than we had asked for, and 20% lower interest rates than expected, which is going to save the Bulgarian energy industry almost 100 million Leva (over EUR 51 million),” Minister Zhecho Stanbkov said.

Edited by Diana Tsankova
Translated and posted by Milena Daynova
Photos: BGNES

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