Bulgaria Gets 34.6 Mln Euro in KIDSF Grants for Energy Projects
Monday, 20 January 2014
The Bulgarian energy ministry said it has signed four agreements with the donors of the Kozloduy International Decommissioning Support Fund (KIDSF) for grants totaling 34.6 million euro ($47 million) earmarked mainly for energy efficiency projects.
The KIDSF facility, administered by the European Bank for Reconstruction and Development, was set up with EU funds to support projects related to the decommissioning of four nuclear reactors at Kozloduy power plant as well as to supports projects for restructuring and upgrades in Bulgaria's energy sector.
The implementation of the projects will help Bulgaria make 240,000 megawatt-hours in energy savings while cutting CO2 emissions by 96,000 tonnes per year, the ministry said in a press release, quoting energy minister Dragomir Stoynev.
KIDSF will provide 15 million euro coal miner Mini Maritsa Iztok to replace three outmoded excavators. The second beneficiary under the KIDSF initiative will be the country’s Electricity System Operator which will receive 4.1 million euro for the development of data collection, monitoring and management systems. The investment will ensure the security of electricity delivery to individuals and industrial users.
Another 5.0 million euro have been granted to Bulgaria’s Energy Efficiency and Renewable Sources Fund which will assist municipalities in reducing the energy footprint of public buildings. The remaining 10.5 million euro in funding were agreed with the KIDSF at the end of 2013 to stimulate the gasification of the residential sector.
The Bulgarian energy ministry has signed agreements for a total of 811.3 million euro with the KIDSF Assembly of Donors since its establishment in 2001, including 390.6 million euro for non-nuclear projects.