Tag: NEK

State aid to NEK mildly positive for BEH’s rating – Bulgaria, 3 October 2016

The ratings company Fitch Ratings said in the statement that an interest-free loan from the Bulgarian state to National Electric Company (NEK) for the NPP Belene arbitration payment is mildly positive for the rating of Bulgarian Energy Holding (BEH), which NEK is a subsidiary of. Last week, The Bulgarian Parliament has approved a draft bill […]

Parliament approved financial aid to NEK – Bulgaria, 29 September 2016

The Bulgarian Parliament has approved a draft bill on granting financial for the payment of the debt of the National Electric Company (NEK). The non-refundable financial aid from the state budged will be used in order to repay the company’s debt under the arbitration ruling on NPP Belene project. The conditions for granting the aid […]

Bulgaria to pay 400 million euros to Russia for NPP Belene by the end of 2016 – Bulgaria, 16 September 2106

Bulgarian Minister of Energy Temenuzhka Petkova announced that Bulgaria will pay 400 million euros to Russia, which represents the main part of the debt ruled by the Arbitration Court for the manufactured equipment for cancelled nuclear power plant Belene project, by the end of 2016. This was decided at the meeting of the intergovernmental commission […]