Ukraine Approves Purchase of Belene NPP Reactors from Bulgaria
The Ukrainian parliament has approved the purchase of two Russian nuclear reactors that were originally intended for the Belene Nuclear Power Plant (NPP) in Bulgaria
Russian energy giant Rosatom will ensure that reactors for the abandoned Belene nuclear power plant (NPP) will be properly stored after being received by Bulgaria, media outlets report.
The obligation will be sealed in a contract between Rosatom and Bulgaria's state-owned National Electricity Company, according to Capital daily. The reactors will be stored at the Belene construction site, where the plant was to be built.
Reactors are expected to be delivered in April.
There is no clarity what will be done with them in the short term after the Belene NPP project, for which they were manufactured, was abandoned by Bulgaria in 2012. The country will be handed the reactors after losing an arbitration suit and paying off more than EUR 600 M in debt to Atomstroyexport, a Rosatom subsidiary.
Sofia, on the other hand, considers reviving the project through privatization, but has not yet taken formal steps, despite reported interest from foreign companies.
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
The Bulgarian government has announced a program to compensate businesses and non-household electricity subscribers for high energy costs until the end of March
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