Bulgaria's Belene NPP Reactors Set for Ukraine’s Khmelnytskyi Nuclear Plant
Ukraine's parliament has given the green light for the acquisition of two nuclear reactors initially intended for Bulgaria's Belene Nuclear Power Plant (NPP)
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.
Ukraine's parliament has given the green light for the acquisition of two nuclear reactors initially intended for Bulgaria's Belene Nuclear Power Plant (NPP)
For the ninth consecutive year (excluding 2022), the electrical industry remains the largest contributor to Bulgaria's exports, as reported by the Bulgarian Association of Electrical Engineering and Electronics (BASEL)
European natural gas prices have climbed above €55 per megawatt-hour for the first time in 16 months, driven by colder temperatures across the continent that are increasing demand for heating fuel
Serbian oil and gas company NIS, controlled by Russia’s Gazprom, is considering exiting its operations in Bulgaria and Romania due to ongoing difficulties in both markets
The Russian company Lukoil initiated the process of selling its Bulgarian assets in June last year, Prime Minister Rosen Zhelyazkov announced during a parliamentary hearing
In 2023, 10.6% of the population in the European Union reported being unable to keep their homes adequately warm
Bulgaria's Perperikon: A European Counterpart to Peru's Machu Picchu
Bulgarians Among EU's Least Frequent Vacationers, Struggling with Affordability