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Commenting article: Bulgaria Picks HSBC for Belene Nuclear Plant Consultant

The Bulgarian Energy Holding has picked HSBC, one of UK's biggest banks, for a consultant to help it decide how to proceed and attract new investors for the planned Belene nuclear power plant, the energy minister said.

Minister Traicho Traikov specified that the winner was selected on Monday in a heated competition with Rothschild, but refused to disclose the price of the deal.

Six candidates submitted at the end of March documents to bid in the tender opened by the Bulgarian Energy Holding for Belene consultant - HSBC, Societe Generale, KPMG in a consortium with McGuire, Rothschild, Argil, and Ernst & Young.

Highlander - 16 Nov 2010 // 15:03:47

Bulgaria's government has said it will pay Russia for the production of the first unit at Belene nuclear power plant only after it finds a strategic investor.


What happened to the German "investor" as announced by the Parliament Speaker and the PM ?
Belene NNP will never be realized , like the Burgas Oil Pipe project , then the South Stream project will be under obvious scrutiny by EU regulations. Bulgaria's "genius" business concept(read scam) has not worked well so far, but the GB Government keeps on presenting pure lies and fairy tales to media.

But Bulgarian Media are to be blamed as well, presenting " news" that are obviously false, pure nonsense or impossible to verify.

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