Wednesday, October 26, 2016

Bulgaria and Russia sign agreement to settle debt on Belene NPP project — minister

Bulgaria and Russia have signed two agreements to settle the debt on the Belene nuclear power plant project in compliance with the decision of the international arbitration court in Geneva, Bulgarian Energy Minister Temenuzhka Petkova said after talks with First Deputy Head of Russian Nuclear agency Rosatom Kirill Komarov.
"Today we have signed an agreement that finally settles our positions following the decision of the international arbitration court on the Belene project. 

The parties are the National Electricity Company (NEC) and Atomstoyexport. NEC committed to fully pay the sums set by the arbitration court’s decision before December 15. 

  • In return Atomstoyexport won’t claim the interest on this debt that will amount to €23 mln by December 15," the minister said.

Sofia refused to build the Belene Nuclear Power Plant in 2012. Atomstoyexport was to construct the power plant under the contract signed in 2006.   []

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