From pv magazine ESS news place
The EIB will advise and support the Bulgarian national electricity company Natsionalna Elektricheska Kompania EAD (NEK) in the start of construction of two large pumped storage hydroelectric power stations in the southwestern part of the country. The projects are named after the cities where they will be located: Batak and Dospat.
They are expected to be operational in 2032. When completed, the Batak and Dospat plants will each add a generation capacity of approximately 800 MW, strengthening Bulgaria’s electricity supply and expanding storage capacity.
They will increase grid flexibility, by providing NEK with flexible 24-hour and weekly management, rapid capacity replacement during emergencies and additional balancing services.
Each factory will cost approximately €900 million. The EIB will advise the NEK on the technical feasibility and economic viability so that the organization can make strategic decisions on the development of the two factories.
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