Brikel Thermal Power Plant Denied Additional Emission Quotas

Brikel Thermal Power Plant Denied Additional Emission Quotas
Τρι, 2 Νοεμβρίου 2010 - 14:59
An inter-agency working group distributing greenhouse gas emission quotas reserved for new participants rejected a request by the Brikel Thermal Power Plant for additional quotas, the Environment and Water Ministry said on Monday after a meeting of the working group.
An inter-agency working group  distributing greenhouse gas emission quotas reserved for new
participants rejected a request by the Brikel Thermal Power Plant for additional quotas, the Environment and Water Ministry said on Monday after a meeting of the working group.
The group denied the request because it found that Brikel did not qualify as a new participant in the European Union Emissions Trading Scheme (EU ETS).
The new participants' reserve is the only possible source of additional emission quotas after the European Commission approved Bulgaria's National Emission Quotas Allocation Plan for
 2008-2012. The approved allocations may not be changed, the Ministry said.
Under the National Plan, the Brikel Thermal Power Plant has received free emission quotas on the basis of its verified emissions in 2008. The quota allocation process takes into account the fact that the Plant's operation was limited to 20,000 hours in accordance with its complex permit and its greenhouse gas permit. This approach is applied to all installations covered by EU ETS.
As the Plant continues to operate beyond the permitted 20,000 hour period, it is expected to be short of emission quotas for 2010. Part of the shortage will be offset by the quotas which the Plant will receive for 2011, allocated with a view to its limited operation period, but this will not be enough. The difference should be made up for by buying quotas with money provided by the Plant's owner.Ifthe Plant fails to honour its obligation regarding the transfer of quotas equalling the total amount of verified emissions released by it in 2010, the Plant will be fined 200 leva per tonne of carbon dioxide in accordance with the transitional and final provisions of the Environmental Protection Act, the Ministry said. 

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