ECONOMY

Power linkup for Bulgaria and FYROM

SOFIA (Reuters) – Bulgaria and the Former Yugoslav Republic of Macedonia (FYROM) will build a power grid linking the two countries to boost energy exports and increase the stability of power supplies in Southeastern Europe, officials said yesterday. FYROM has contracted a unit of German utility RWE to build the grid link in a 19-million-euro deal, Bulgarian power grid operator NETC stated. «The new line will make it easier to establish a regional energy market and improve the connection between electricity power exporters in the Balkan countries,» NETC said. The 400-kilovolt electricity grid will be 150 kilometers long, of which 80km will be on Bulgarian territory. It is expected to become operational in a year and a half, after EU aspirant Bulgaria fully liberalizes its energy market.

Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.