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Energy ministry opts to try develop Belene NPP project on market principles with strategic investor

Energy ministry opts to try develop Belene NPP project on market principles with strategic investor

16 May 2018 | 16:11 | FOCUS News Agency
Sofia. Energy Minister Temenuzhka Petkova today submitted a proposal to the government to make an attempt for development of the Belene NPP project on market principles by selecting a strategic investor, without state guarantee and long-term power supply contracts, Focus News Agency reports. The related assets and liabilities at state-run power company NEK will be separated into another company, the minister told reporters. The procedure will show if the investor interest demonstrated within the last year is real, she added.
Commenting on the submitted report, she said that other studied options for sale of the equipment, only state or only private participation were less likely or less appropriate.
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Energy ministry may present report on Belene NPP in a few days

Energy ministry may present report on Belene NPP in a few days

14 May 2018 | 13:44 | FOCUS News Agency
Sochi. The report on the options for Bulgaria to use the equipment and other assets of the Belene NPP project is almost ready and could be presented to the Parliament within a few days, Minister of Energy Temenuzhka Petkova told reporters, quoted by Focus News Agency. “I think we should try to look for an option and possibility to develop the project on market principles without granting a state guarantee,” she said, adding that the proposal would be for optimal use of all related assets, including the authorised site. A team at the ministry is studying all possible options, trying to make an economic evaluation of each of them. The ministry will need some time to review the report, according to Petkova, who is in Sochi for the international forum Atomexpo. The parliament has told the minister to prepare a report with specific proposals by June 30.
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