First reactor at NPP Akkuyu to be launched in 2023 - Turkey, 14 November 2017  |  TPP Brazi operates at full capacity - Romania, 14 November 2017  |  Transgaz recorded 21 % higher profit in the first nine months of 2017 - Romania, 14 November 2017  |  Nuclearelectrica’s net profit doubled in the first nine months of 2017 - Romania, 14 November 2017  |  OKTA achieved EBITDA of 6.7 million euros in the first nine months of 2017 - Macedonia, 14 November 2017  |  Record volume on HUPX PhF market in October - Hungary, 14 November 2017  |  BEH to acquire stake in Alexandroupoli LNG terminal soon - Greece, 14 November 2017  |  Second HPP within Devoll project to be operational in 2019 - Albania, 14 November 2017  |  Electricity consumption increased by 6 % in October - Turkey, 13 November 2017  |  Hidroelectrica to commission new HPP in December - Romania, 13 November 2017  |  Prospex Oil & Gas started drilling on its Suceava concession - Romania, 13 November 2017  |  Electricity consumption decreased by 0.4 % in the first nine months of 2017 - Romania, 13 November 2017  |  Croatia to seek settlement with MOL - Croatia, 13 November 2017  |  Brod oil refinery continues to accumulate losses - Bosnia and Herzegovina, 13 November 2017  |  Drought decreased production of Montenegrin HPPs - Montenegro, 12 November 2017  |  ELEM plans new modernization of REK Bitola - Macedonia, 11 November 2017  |  TUPRAS recorded 235 % higher net profit in Q3 2017 - Turkey, 10 November 2017  |  OMV Petrom rejects accusation of non-paying of obligations to the state - Romania, 10 November 2017  |  Energy Ministry claims that there is enough gas stored for winter season - Romania, 10 November 2017  |  Dutch company wants to install 1 GW in wind farms in Romania - Romania, 10 November 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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