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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