Bulgaria PM to Ask Merkel about RWE's Pullout from Belene NPP
Bulgaria's PM, Boyko Borisov, is going to talk to his German counterpart, Angela Merkel, about the potential decision of RWE to withdraw from the Belene Nuclear Plant project.
This was announced by Borisov himself on Wednesday. The German media have recently published unconfirmed information about RWE’s withdrawal from the project for the second Bulgarian nuclear power plant, and Borisov’s statement might be construed as a confirmation of those reports, Bulgarian analysts have remarked.
In December 2008, the German energy giant RWE and the Bulgarian National Electric Company NEK sealed their partnership in which RWE was chosen to acquire 49% of the Belene NPP in exchange for a capital payment of EUR 1,275 B, a premium of EUR 550 M for NEK, and a loan of EUR 300 M for the purchase of equipment and other expenditures.
According to the German media, RWE is pulling out of the Belene project because of the rising costs of the NPP construction, and because of the intentions of Merkel’s new government to revive the nuclear energy in Germany.
- » The Bulgarian Energy Holding is on its Way to take Commitments in the BEH Gas Case
- » Over 5000 GWh have been Saved in Bulgaria in the 2014-2017 Period
- » Bulgaria Preparing to Open Tender for Offshore Oil, Gas Exploration Permit
- » New Plasma Melting Plant Opens at Bulgaria's Nuclear Power Site
- » Prices Electricity in Romania Drop by about 3.5%
- » The Gas Prices in Bulgaria Rise by 10.8% from July 1