It is reported that Australian Global Carbon Capture & Storage Institute will consult Bulgaria on the construction of Maritsa East 4, a new power plant with cleaner carbon emissions, focused on coal fired power generation.
Mr Traiko Traikov, Bulgaria's minister of economy, energy & tourism and Mr Nick Otter CEO of Australian Global Carbon Capture & Storage Institute had agreed. The two met in the Australian capital Canberra, where Mr Traikov is on an official visit. Mr Traikov and Mr Otter also agreed that Bulgaria should become a member of the Global Institute.
The International Institute GCCSI is financed by the Australian Government, and its primary goal is the introduction of pure technologies in industry. GCCSI offers expertise and financial consultancies to enterprises introducing technologies while preserving the environment. Such consultancy assistance may be used both for new power plants and for existing coal power stations.
In the context of climate change, the adoption of ecologically based industry in Bulgaria is of extreme importance. Fighting climate change is a priority of the EU as a whole and of Bulgaria in particular.
In this respect, agreements of the kind made with GCCSI are of particular significance for the country. Bilateral trade exchange between Bulgaria and Australia in 2008 amounted to USD 101.4 million, a record level in the past 8 years.
