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The idle construction site of Belene NPP in Bulgaria. Photo by BGNES
The Belene NPP has fallen into a legal vacuum and any developments might be frozen for 3 months, announced Bulgarian Minister of Economy and Energy Traicho Traikov Tuesday.
Minister Traikov explained that the term of the last extension of the contract with the Russian party has expired on March 31, and as of now negotiation between Bulgarian National Electric Company (NEK) and Russian Atomstroyexport have no legal basis.
Traikov expressed confidence that the 3-month moratorium, announced earlier by PM Boyko Borisov, will be negotiated under terms favorable for Bulgaria.
"The Belene NPP project was born due to an original sin - an agreement for EUR 673 M had been signed without negotiating the eventual escalation on the project. We have started to pay, but still don't know what the final price will be," said the Energy Minister.
Asked whether US company Westinghouse might be joining the project, Traikov answered that this is not purposeful, since that would mean scratching what has been done up to now and starting from zero.
On the other hand, the Bulgarian minister suggested that Westinghouse might be hired to build an additional Unit 7 of the already existing Kozloduy NPP.
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