Bulgaria, Russia Sign Debt Settlement Deal on Belene Nuclear Project
Bulgaria has committed to a fast-track payment of the debt on the Belene nuclear power plant (NPP) project, Energy Minister Temenuzhka Petkova has said.
In return, Atomstroyexport, the company which was involved in the Belene NPP, will not demand interest generated on the money.
State owned National Electricity Company (NEK) has a deadline until December 15 to pay the full amount of more than EUR 0.62 B.
If it complies with the deadline, EUR 23 M worth of interest will be cancelled, Focus News Agency quoted Petkova as saying at a press conference.
In her words, two documents signed between NEK and Atomstroyexport on Wednesday solve a problem in bilateral relations.
The EU will now have to give its stance on the disbursement of state aid to NEK, which the Bulgarian government approved earlier in September, as a way to pay off the debt.
Kirill Komarov, first deputy CEO of Rosatom, who also attended the press conference, confirmed the information.T
The Belene NPP was abandoned in 2012. In June of this year, Bulgaria lost an arbitration lawsuit filed by Atomstroyexport over the project's cancellation.
In return, Bulgaria will receive the nuclear reactor and equipment produced for the plant's purposes.
- » Public Discussions on Gas Extraction in the Dobrudzha Region
- » Random Inspections Indicate Good Preparation of Network Electric Operators for the Winter
- » Just One Marine Wind Turbine Farm can Power the Whole World
- » Large Scale Power Outages in Sofia from Today
- » Europe will Receive Azerbaijani Gas in 2020
- » Gazprom does not Exclude the Possibility of Building New Gas Pipelines for Europe
General Skobelev would've never required such debt to be paid...