Tag: NEK

Debt settlement agreement on NPP Belene project signed – Bulgaria, 26 October 2016

Bulgarian Minister of Energy Temnuzhka Petkova said that Bulgarian has committed to the swift payment regarding the arbitration ruling over the cancelled nuclear power plant Belene project and in return Russian Atomstroyexport (ASE) will not demand interest on the ruled principle. Although it was considered that National Electric Company (NEK) will pay just a part […]

Some interest rate adjustments accepted on NPP Belene debt – Bulgaria, 25 October 2016

Bulgarian Minister of Energy Temenuzhka Petkova said that four out of seven requested adjustments on the calculated interest rate on the amount of the arbitral award over cancelled NPP Belene project have been accepted. In mid-June 2016, the Arbitration Court in Geneve has ruled that Bulgaria has to pay compensation to Russian company Atomstroyexport (ASE) […]

Former Minister of Economy indicted over NPP Belene project – Bulgaria, 19 October 2016

Petar Dimitrov, former Bulgarian Minister of Economy between 2007 and 2009, has also been indicted over the cancelled project for the construction of nuclear power plant Belene. According to the prosecution, Dimitrov turned a blind eye on an unfavorable contract signed by two executives of state-owned National Electric Company (NEK) Lyubomir Velkov and Mardik Papazyan, […]