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Prof. Georgi Kaschiev: Kozloduy NPP costs are growing rapidly

Asked whether compensation for businesses will solve the problem with expensive electricity, he replied: "On the one hand, companies are supported, on the other hand, money is poured in to increase the profits of profitable companies.

Jan 27, 2025 21:53 123

Prof. Georgi Kaschiev: Kozloduy NPP costs are growing rapidly  - 1

A day after he resigned as acting Minister of Energy, Vladimir Malinov returns to the management of "Bulgartransgaz".

"I know the law and it clearly states that after being a minister, he has no right to hold a management position. The Anti-Corruption Commission has already been notified, it must take a position", said Prof. Georgi Kaschiev in the studio of "Denyat ON AIR".

Asked whether compensation for businesses will solve the problem with expensive electricity, he replied: "On the one hand, companies are supported, on the other hand, money is poured in to increase the profits of profitable companies. "Lukoil" has huge profits", electricity distribution companies have over 100 million leva profit last year, banks have billions in profits. This principle of giving to the poor is very vicious".

According to him, the administration must take a step so that it is given to those in need.

"This is not done, it is given to the most profitable and the same lack of capacity the state demonstrates by the fact that for several years it has not been able to determine the criteria for who the energy poor are in order to start supporting them. Liberalization was decided to be from the beginning of the new year, but there is no more time. Once this is accepted, measures must be taken by various ministries on how to introduce control over this thing," added Prof. Kaschiev.

He recalled that statistics show that the compensations are for nearly 1 billion. lv.

"Whoever produces electricity earns a lot. The state has the right to seize part of the profit. For 2020, the "Kozloduy" NPP has only paid contributions to funds related to radioactive waste management. Prices in 2022 rose dramatically, which means that revenues are also growing. The other thing the state can do is control costs, but it is not doing so", the guest explained.

On the air of Bulgaria ON AIR, Prof. Georgi Kaschiev emphasized that the plant's costs are growing rapidly.

"There are also phantasmagoric costs - the report claims that last year 69 million leva were allocated to increase cybersecurity when implementing the new type of nuclear fuel. "In previous years they gave about one million, and now they are 69. We all know that there is corruption, but corrupt people cannot be found. The other disturbing thing is that electricity production has decreased," he commented.