Talks for the American Finance Corporation for International Development to supply technical help within the examine for the development of latest or the rehabilitation of the pumped-storage hydroelectric energy plant that was significantly broken two years in the past (“Chaira” HPP) had been held by the Acting Minister of Energy Vladimir Malinov within the USA.
He has been visiting there since Monday and in a collection of conferences mentioned varied points of power cooperation between the 2 nations.
In his dialog with Jane Rhee, chief of employees of the US International Development Finance Corporation (DFC) and Jake Levine, chief local weather professional on the company, Malinov indicated that our nation is seeking to develop and deepen our earlier profitable cooperation with the American Finance Corporation for International Development.
Rhee and Levine, in flip, introduced the n company’s undertaking financing program for the development of American small modular reactors. The Bulgarian minister expressed readiness to trade expertise on this space, which supplies an extra alternative for the manufacturing of fresh power.
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Also mentioned was the growth of the Chiren fuel storage facility, which started final yr and may double the fuel storage capability to 1 billion cubic meters.
For this undertaking, ensures are to be issued by the American Financial Corporation for International Development in favor of “Bulgartransgaz”, in order that the state fuel operator can take out a mortgage for 208 million euros from “Citibank”. This was agreed on the finish of 2023.
“The finalization of the assure settlement between DFC, Citibank and the Ministry of Finance of the Republic of Bulgaria is of essential significance for the profitable and well timed completion of the undertaking”, commented Malinov.
“The Chiren storage growth undertaking is essential to the diversification and safety of power provides. The growth of this infrastructure will allow extra provides of liquefied pure fuel from dependable sources, together with the USA, not just for Bulgaria, but in addition for the entire area”, he additionally acknowledged.
The provision of financing for the growth of our fuel connections as a part of the undertaking for the switch of liquefied fuel from Greece by Bulgaria and Romania to Slovakia, Hungary, Moldova and Ukraine was additionally mentioned.
“The provision of financing will assure the well timed implementation of this strategic hall,” Malinov identified.
