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Agreement expected over Belene NPP payments by end October

An agreement is expected to be signed by the end of this month between the National Electric Company and Atomstroyexport on when the Bulgarian state company should pay the amount of 620 million euro without interests to the Russian company..

17.10.16 15:12 |
The abandoned Belene NPP site

Will the clock on the interest due for Belene NPP stop ticking any time soon?

Energy Minister Temenuzhka Petkova left for Moscow on Thursday to meet with the management of the Russian Rosatom State Atomic Energy Corporation, which, as owner of Atomstroyexport filed a claim against the National Electric Company (NEC) in June as..

15.10.16 07:05 |
Energy Minister Temenuzhka Petkova

Minister Temenuzhka Petkova: Bulgaria wants to pay Russia for the Belene reactor by the end of the year

Energy Minister Temenuzhka Petkova has returned from Moscow where she took part in a meeting of the joint working group set up in connection with the ruling of the Court of Arbitration on the aborted Belene NPP. “I hope that things will have been..

14.10.16 16:17 |
the abandoned Belene NPP construction site

National Electric Company will not appeal court of arbitration ruling on Belene NPP

On the advice of the White & Case law firm, the National Electric Company (NEC) of Bulgaria has decided not to appeal the ruling of the International Court of Arbitration on the Belene NNP case. The Russian Atomstroyexport has lodged a total..

29.09.16 11:03 |

Bulgaria’s cabinet to look for investor for Belene NPP

It is not to the interest of Bulgaria to sell the nuclear equipment for Belene NPP after the country pays off its debt to Atomstroyexport. We are to look for a private investor, in order to complete that project, Bulgaria’s Minister of Energy..

27.09.16 17:33 |

Bulgaria will pay back by year-end greater part of Belene N-plant debt: energy minister

Bulgaria begins paying back its debt to Russia for worth 670 M euro the Belene N-plant. By year-end the greater part of the amount (400 M euro) will be paid back, Bulgarian Energy Minister Temenuzhka Petkova has said in Vratsa, Southwestern..

17.09.16 15:04 |

Gas project hub to develop regardless of circumstances

The project for the “Balkan” gas hub is going to develop regardless of what happens to North Stream 2 or Turkish Stream, regardless of circumstances,   Klaus-Dieter Borchardt, Director of the Internal Energy Market of the Directorate General ‘Energy’’..

06.09.16 15:40 |

Bulgaria and Russia try to find solution to Belene problem

The Bulgarian and the Russian side are setting up a joint working group to look into possible options regarding the Belene NPP project , after in mid-June, the Court of Arbitration in Geneva ruled that Bulgaria pay Atomstroyexport EUR 550 million in..

29.07.16 14:48 |
The construction site for the Belene NPP

Start of negotiations with Rosatom on Belene NPP arbitration suit

Energy Minister Temenuzhka Petkova is starting talks in Russia today with representatives of the Russian state atomic energy corporation Rosatom on a settlement of the payments by the National Electric Company for the equipment manufactured for the..

28.07.16 11:52 |

Bulgarian Energy Holding borrows loan worth EUR 535 million

Bulgaria’s Minister of Energy Temenuzhka Petkova announced that the Bulgarian Energy Holding borrowed a loan to the tune of EUR 535 million from a consortium formed by three international banks. The National Electric Company will use the money to pay..

25.04.16 16:56 |
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