Liliya Chobanova: Three Scenarios for Power Sector Decarbonization Are Possible

Liliya Chobanova, Commercial Director, ContourGlobal Maritsa East 3 and member of the AmCham Bulgaria Energy and Mineral Resources Committee spoke before Radio Sofia, regional station of the Bulgarian National Radio on Wednesday, March 15th, 2022

“Decarbonization means decrease of the harmful emissions at the electricity production, as well as in other sectors of the economy as a whole. The EU accepted obligatory target of decrease of greenhouse gasses 55% till 2030 vs. 1990 г.“, she said.

There are three potential scenarios to achieve decarbonization. First one is the referent one, and serves as the basis scenario. Its foundation is on the strategic documents that are publicly available and they consider the energy policy of Bulgaria. This scenario, however, does not achieve the required reduction of the emissions till 2030, pointed out Ms. Chobanova.

The other two scenarios are titled – ambitious and alternative one. Both achieve full decarbonization of the power sector till 2050 but with different mid-term goal in 2030, she added.

The Alternative scenario is the most harmless and the smoothest one to achieve decarbonization. It has much smooth increase of the electricity price for the whole period and reaches price less than 80 EUR/MWh at the end of 2050. “The crisis in Ukraine brought back to the table the topic of energy security,” she added.

“It goes hand in hand with climate neutrality and with the price sensitivity. Bulgaria has plenty of local resources. Lignite coal are not influenced by geopolitical issues and by the world markets prices. Thus, the existing coal-fired power stations in Bulgaria are heavily loaded in the past months. Thus they secure the local supply and contribute to the electricity export to the neighboring countries at predictable price,” she said also.

Decarbonization along with the environment benefits brings along and energy independence, which is based on RES, and local resources. It is needed new base-load and flexible capacities to be build: lignite, gas, nuclear,” said in conclustion Liliya Chobanova.

Source: BNR

Listen the whole conversation here