Bulgarian Minister of Energy Temenuzhka Petkova announced that Bulgaria will pay 400 million euros to Russia, which represents the main part of the debt ruled by the Arbitration Court for the manufactured equipment for cancelled nuclear power plant Belene project, by the end of 2016.
This was decided at the meeting of the intergovernmental commission of Russia and Bulgaria held on Friday, at which it was also agreed that the debt could be paid out in tranches. According to Minister Petkova, Bulgarian Energy Holding (BEH) and National Electric Company (NEK) currently do not have sufficient funds to cover the entire debt, adding that after the main part is paid, the new agreement will be sought for the remaining two installments.
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Tags: arbitration, BEH, Belene, Bulgaria, electricity, NEK, NPP, nuclear, Russia