The European Bank for Reconstruction and Development announced that Bulgarian National Electricity Company (NEK) is planning to publish tenders for the rehabilitation of its hydropower system, which will be partly financed with grants from the Kozloduy International Decommissioning Support Fund (KIDSF), which is administered by the EBRD. The total worth of the project for the […]
The outgoing Bulgarian Minister of Energy Temenuzhka Petkova said that National Electric Company (NEK) has transferred an entire sum of its debt to Russian company Atomstroyexport (ASE) over the abandoned NPP Belene project on Thursday. Minister Petkova reminded that the reduction and the waiving of the interest rate from the date of the arbitration ruling, […]
Bulgarian Government has approved that over 601 million euros from the budget surplus should be allocated as state financial aid to National Electric Company (NEK). These funds have to used to pay Russian company Atomstroyexport (ASE) for the equipment manufactured for the abandoned nuclear power plant Belene project. In late October it was agreed that […]