Three documents were signed under the International Fund "Kozloduy" for 34.6 million euro grant

"The last grant agreements under the International Fund "Kozloduy" (IFC ) will have a direct effect on the financing of the modernization of the key enterprises of Bulgarian energy and energy efficiency measures, which has not happened in years". This was stated by the Minister of Economy and Energy Dragomir Stoynev at the signing ceremony of three documents from the "non-nuclear" window of the Fund. They, plus another agreement were negotiated by the 26th Assembly of donors in November 2013 and amount to 34.6 million grant. "With the implementation of projects per year about 240 thousand MWh energy will be saved and CO2 emissions reduced by about 96 tons", the minister added. According to him, the project will contribute the ensuring of stability of the energy system and promote energy savings in the municipalities. The households will be given the opportunity to use natural gas for heating homes, thus reducing energy costs.

On the first agreement for the replacement of depreciated 3 excavators with new beneficiary is "Maritsa Iztok" EAD. It amounts to 15 million .

A second agreement, which is worth 4.1 million euros, is for the modernization and expansion of the system (SCADA/ EMS) for data collection, monitoring and management, and energy management systems to the Central Dispatch to Electricity System Operator (ESO).

The third agreement is by the Program for Energy Efficiency in the public sector and is a beneficiary fund for energy efficiency and renewable energy sources at the Ministry of Economy and Energy (MEE). The local authorities will be able to prepare, launch and conduct tenders for selection of private companies. They will finance and implement energy efficiency measures to be paid by future energy savings.

Besides these three agreements at the end of 2013 was negotiated and signed a Grant Agreement for Measures for Energy Efficiency of Natural Gas of the ultimate consumers (DESIREE) worth 10.5 million. These funds will stimulate gasification by supporting initial investment of about 10.000 households (2.000 lev per household) for connection to the existing distribution network.

Till now by the International Fund Kozloduy were signed grant agreements worth 811.268 million euro of which 390.638 million for the "non-nuclear" window and 420.630 million for the "nuclear" one.