Bulgaria, Russia to Hold New Belene NPP Talks

Business » ENERGY | December 11, 2010, Saturday // 13:33
Bulgaria: Bulgaria, Russia to Hold New Belene NPP Talks The site of NPP Belene in Northern Bulgaria. The project started as early as 1981, but since then little has been done. Photo by BGNES.

Russian company Atomstroyexport representatives will visit Bulgaria coming week to effect further negotiations on the Belene NPP.

According to the president of the National Electric Company (NEK) Krasimir Parvanov, the topics under discussion will be the price of Belene NPP and the structure of financing for the project.

"At present we have the proposal for EUR 2 B financing from the Russian party, but there will be no progress on those matters if we don't first finalize the price issue," said Parvanov.

Bulgaria and Russia have been lately disputing the eventual price of Belene, which is going to be anywhere between EUR 6 B and 8 B, with Bulgaria arguing that the price proposed by Atomstroyexport is too much.

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Tags: Atomstroyexport, NEK, Belene NPP

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