German-Turkish consortium formed for wind power project - Turkey, 14 July 2017  |  OMV Petrom reduced production of oil, gas, electricity in Q2 2017 - Romania, 14 July 2017  |  State takes record dividends from energy companies - Romania, 14 July 2017  |  OMV Petrom invests 1.7 million euros in railway section at Petrobrazi refinery - Romania, 14 July 2017  |  Electrica pays 165 million euros for FP’s stake in its subsidiaries - Romania, 14 July 2017  |  Romanian public broadcaster looking for new electricity supplier - Romania, 14 July 2017  |  E-Distribution Dobrogea invested 2.4 million euros in transformer station modernization - Romania, 14 July 2017  |  1.8 million euros in fines to fuel traders - Romania, 14 July 2017  |  PPC Renewables plans two major projects in Western Macedonia - Greece, 14 July 2017  |  HEP to produce 50 % of electricity from RES by 2030 - Croatia, 14 July 2017  |  Stock Exchange explores the possibility of IBEX acquisition - Bulgaria, 14 July 2017  |  Energy permit for TPP Banovici approved - Bosnia and Herzegovina, 14 July 2017  |  RS forced to import electricity due to overhauls and low precipitation - Bosnia and Herzegovina, 14 July 2017  |  Latest WB6 Electricity Monitoring Report - Region, 14 July 2017  |  Israeli gas could be delivered to Europe via Turkey - Turkey, 13 July 2017  |  EIB to supervise the sale of PPC’s coal-fired plants - Greece, 13 July 2017  |  Deadline for Crete electricity interconnection project - Greece, 13 July 2017  |  EC refers Croatia to court over INA privatization law - Croatia, 13 July 2017  |  JANAF to propose higher dividends for 2016 - Croatia, 13 July 2017  |  Bulgaria, US discussed energy cooperation - Bulgaria, 13 July 2017

State’s participation in NPP Belene privatization would be minimal – Bulgaria, 15 June 2017

Answering the question on the future of nuclear power plant Belene project, Bulgarian Minister of Energy Temenuzhka Petkova said at the Conference on Strategic Infrastructure and Investment that the state has already invested over 700 million euros in the construction site of the plant, while 600 million euros was paid to Russian Atomstroyexport in late 2016 as part of the arbitration ruling.
Minister Petkova said that there is a licensed construction site for the nuclear plant and that the responsible state position would be to utilize it in the best possible way, given that so much of the taxpayers’ money has already been spent. She recalled that the Bulgarian Academy of Sciences was tasked to develop a feasibility study for the new NPP Belene project and the results are expected in September, after which a decision will be made. She added that the Government expects a lot of investor interest in the project, adding that the procedure will be public and transparent, while the state will participate with a minority stake, without long-term contracts for the purchase of electricity. The participation will be minimal, but it is necessary in order to somehow control the process. She added that if there are no interested investors in this project, the Government will look for another solution, which also include the construction of a new unit at the existing NPP Kozloduy.

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