Bulgaria Power Report Q2 2016
BMI View: The Bulgarian business environment remains challenging, as it suffers from high levels of corruption and inefficiency. Coal will remain the dominant fuel in power generation in Bulgaria over our 10-year forecast period. This will be in large part due to the plans to provide affordable electricity to the population, which is the poorest in the EU in per capita terms. The conventional power sector will see little growth over the next decade and the renewables sectors will also witness a large slowdown due to the removal of preferential pricing and incentives for new renewables projects Main Trends And Developments
Growth in Bulgaria's energy and utilities sector has been subdued due to fiscal constraints and consistent foreign competition.
Bulgarian policymakers are aiming to narrow the country's fiscal deficit.
The strategic importance of the coal mining sector in Bulgaria will provide an additional obstacle to diversification away from coal.
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