The great energy trap: An evaluation of the economic viability of replacing coal with gas in large power plants in Bulgaria
Report | 14 March 2024
Bulgaria’s departure from coal is well underway. But instead of prioritising the expansion of renewables, the Bulgarian government appears keen to dramatically deepen the country’s dependence on fossil gas.
This report analyses several scenarios for replacing the existing coal capacity at Maritsa East and Bobov Dol with new gas-fired units. It looks at the implications of these projects becoming financially viable, including the investments required, possible state aid, and the electricity costs for households.
It also exposes, for the first time, the significant risks and costs of these planned coal-to-gas conversions, which would render them a major financial liability.
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